AVDS vs DFIC: Grades, Fees and Holdings Compared

Avantis International Small Cap Equity ETF

AVDSANYSE Arca

Dimensional International Core Equity 2 ETF

DFICACboe

Overlap

21.9%by weight

Expense ratio

DFIC −0.08pt a year

AVDS0.30%DFIC0.22%

Avg volume · 30D

DFIC 74.3×the volume

AVDS24.9KDFIC1.85M

3Y return · a year

AVDS +0.5pt

AVDS+22.2%DFIC+21.7%

AVDS vs DFIC Performance

Oct 31, 2025 – Oct 30, 2026

+16.7%AVDS+16.8%DFIC

Expense ratio: AVDS 0.30%; DFIC 0.22%, better
Fund size: AVDS $374M; DFIC $15.3B
1Y total return: AVDS +16.7%; DFIC +16.8%, better
Yield (12M): AVDS 2.66%, better; DFIC 2.55%
Holdings: AVDS 3124; DFIC 4152
Avg volume (30D): AVDS 24.9K sh; DFIC 1.85M sh, better
NAV per share: AVDS $76.06; DFIC $37.56
52W range

ETF.net Grade

Pillar letters and Scores for AVDS, DFIC, with each pillar’s weight
Pillar	AVDS	DFIC
Cost30% weight	A89	A98Higher
Mission25% weight	Not scored	A100
Risk15% weight	B64	B69Higher
Tradability15% weight	B66	A81Higher
Holdings10% weight	A90	A91Higher
Durability5% weight	B69	A91Higher

Rank among International Active Equity funds

How we build Categories ›

Same Category. AVDS and DFIC are both graded against the same 55 International Active Equity funds, so their Grades compare head to head.

International Active Equity⁠

Category · 55 funds

See all 55 ›

DFIC ranks 1st and AVDS 4th of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 87
Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
Rank 3AJIREJPMorgan International Research Enhanced Equity ETFScore 79
Rank 4AAVDSAvantis International Small Cap Equity ETFScore 78
Rank 5AENHIiShares Enhanced International Active ETFScore 76

Our read on each fund

ETF.net Research

AVDSAAvantis International Small Cap Equity ETF

DFICADimensional International Core Equity 2 ETF

In short

AVDS Avantis casts a wide net: roughly 3,000 non-US developed small caps, weighted with an eye on price, profitability and how much cash companies plow back in. Active management that looks a lot like an index fund with its thumb on the scale.

DFIC No data

Stated mandate

AVDS The ETF seeks long-term capital appreciation by investing in a broad group of non-U.S. small-cap companies and considering valuation, profitability, and investment levels when selecting and weighting securities.

DFIC No data

Why people hold it

AVDS Charges 0.30% a year, about half the typical fee in its active international peer group. Cheap is a durable edge in a corner of the market where fees usually run high.
Roughly 3,000 holdings, so no single stock or country steers the outcome. This is small-cap breadth, not a concentrated stock-picking bet.
The tilts are the whole design: valuation, profitability and investment levels shape both what it owns and how much of each, measured against MSCI World ex USA Small Cap.avantisinvestors.com
Sits among the strongest builds in a crowded field of active international equity funds. Broad, systematic, low-fee: the boxes that tend to stay ticked.

DFIC No data

Worth knowing

AVDS Thinly traded compared with the big international names. Limit orders and a look at the spread earn their keep here.
Launched in 2023, so the live record is short even though the approach behind it is not new.
Costs more than Avantis' broad international fund AVDE (0.23%). Small caps abroad are pricier to research and trade, and they swing harder.

DFIC No data

Full AVDS profile⁠

Full DFIC profile⁠

AVDS vs DFIC Holdings

How AVDS and DFIC differ

Overlap by weight

21.9%

Shared holdings make up 85.6% of AVDS and 22.8% of DFIC.

Level by level

Holdings2,288 in both21.9%
Countryby domicile81.1%
Sector11 Sectors85.0%
Asset classEquity100%

Sector

Sector weights in AVDS and DFIC, widest gap first
Sector	More in AVDSMore in DFIC	AVDS	DFIC
Financials	DFIC +9.0 points	12.8%	21.8%
Consumer Discretionary	AVDS +4.4 points	13.8%	9.4%
Industrials	AVDS +4.0 points	23.3%	19.3%
Materials	AVDS +3.8 points	14.8%	11.0%
Energy	DFIC +2.3 points	5.5%	7.8%
Health Care	DFIC +2.1 points	5.1%	7.2%
Real Estate	AVDS +1.7 points	3.3%	1.6%
Technology	AVDS +1.1 points	9.5%	8.4%
Communication	DFIC +0.6 points	3.5%	4.1%
Consumer Staples	DFIC +0.5 points	5.8%	6.3%
Utilities	DFIC +0.5 points	2.7%	3.2%

Country, concentration and asset class

Country by domicile

Country weights in AVDS and DFIC, widest gap first
Country	More in AVDSMore in DFIC	AVDS	DFIC
Japan	AVDS +8.5 points	32.9%	24.4%
Switzerland	DFIC +4.2 points	3.8%	8.0%
Australia	AVDS +3.6 points	9.5%	5.9%
Germany	DFIC +3.6 points	3.7%	7.3%
France	DFIC +3.1 points	3.0%	6.1%
Netherlands	DFIC +2.4 points	1.2%	3.6%
Israel	AVDS +2.3 points	3.7%	1.4%
Sweden	AVDS +1.8 points	4.6%	2.8%
Other countries (23)	DFIC +2.9 points	37.6%	40.5%

Outside the US: AVDS 96% developed, 4% emerging. DFIC 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

AVDS2.2%
DFIC7.1%

Securities held

AVDS3,109
DFIC4,131

Asset class

AVDS: Equity
DFIC: Equity

Holdings

Only in AVDS821
In both2,288
Only in DFIC1,843

Only in AVDS

821 securities, 14.9% of AVDS by weight

Prairiesky Royalty Ltd Common Stock0.20%
Oceanagold Corp Common Stock0.19%
Barratt Redrow PLC Common Stock GBP.10.18%
Rotork PLC Common Stock GBP.0050.18%
Sumitomo Bakelite Co Ltd Common Stock0.15%
Onex Corporation Common Stock0.14%
AUTO1 Group SE Common Stock0.13%
Ssc Government Mm Gvmxx0.13%
Credit Saison Co Ltd Common Stock0.12%
Sparebank 1 Smn Common Stock NOK20.00.12%
Fdj United Common Stock0.12%
Iveco Group NV Common Stock EUR.010.12%
Jgc Holdings Corp Common Stock0.12%
Algonquin Power & Utilities Common Stock0.11%
Harbour Energy PLC Common Stock GBP.000020.11%
Oesterreichische Post AG Common Stock0.11%
Aberdeen Group PLC Common Stock GBP.13968250.11%
Open Text Corp Common Stock0.11%
Watches of Switzerland Group Common Stock GBP.01250.10%
Tate & Lyle PLC Common Stock GBP.29166670.10%
Monday.com Ltd Common Stock0.10%
Aris Mining Corp Common Stock0.10%
Renishaw PLC Common Stock GBP.20.10%
Trekor Metals Ltd Common Stock0.10%
Zim Integrated Shipping Serv Common Stock0.09%
Gimv NV Common Stock0.09%
Bure Equity Ab Common Stock SEK6.60.09%
Osb Group PLC Common Stock GBP.010.09%
Oxford Instruments PLC Common Stock GBP.050.08%
Sparebank 1 Nord Norge Common Stock NOK18.00.08%
Japan Petroleum Exploration Common Stock0.08%
Constellium SE Common Stock EUR.020.08%
Fameglow Holdings Ltd Common Stock HKD.010.08%
Topaz Energy Corp Common Stock0.08%
Lancashire Holdings Ltd Common Stock USD.50.08%
Stanley Electric Co Ltd Common Stock0.08%
Chemring Group PLC Common Stock GBP.010.08%
Coats Group PLC Common Stock GBP.050.08%
Pdi Gold Ltd Common Stock0.08%
Zenkoku Hosho Co Ltd Common Stock0.08%
Bachem Holding AG Common Stock CHF.010.07%
Paz Retail and Energy Ltd Common Stock ILS5.00.07%
Bodycote PLC Common Stock GBP.172730.07%
Forvia Common Stock EUR7.00.07%
Eurazeo SE Common Stock0.07%
First Majestic Silver Corp Common Stock0.07%
Firstgroup PLC Common Stock GBP.050.07%
Mips Ab Common Stock SEK.10.07%
Premier Foods PLC Common Stock GBP.10.07%
Comet Holding AG Reg Common Stock CHF1.00.07%

Only in DFIC

1,843 securities, 76.8% of DFIC by weight

Shell PLC1.15%
Asml Holding NV1.09%
Totalenergies SE0.76%
Novartis AG Adr0.76%
Roche Holding AG0.70%
Nestle SA0.64%
Royal Bank of Canada0.64%
Allianz SE0.49%
Toyota Motor Corp0.46%
Bp PLC0.44%
Banco Bilbao Vizcaya Arge0.41%
Suncor Energy Inc.0.41%
Bhp Group Ltd0.39%
Rolls-Royce Holdings PLC0.39%
Hsbc Holdings PLC0.39%
Deutsche Telekom AG0.38%
Canadian Natural Resource0.37%
Toronto-Dominion Bank0.37%
Bayer AG0.36%
Mitsubishi Ufj Financial0.36%
Unicredit Spa0.34%
Sony Group Corp0.33%
Basf SE0.33%
Astrazeneca PLC0.33%
Advantest Corp0.33%
Hitachi Ltd0.31%
Tesco PLC0.31%
Infineon Technologies AG0.31%
Dhl AG0.30%
Recruit Holdings Co Ltd0.30%
Eni Spa0.30%
E.on SE0.29%
Rio Tinto PLC0.29%
Engie SA0.28%
Cenovus Energy Inc0.27%
Repsol SA0.27%
Siemens AG0.26%
Orange SA0.26%
National Bank of Canada0.25%
Muenchener Rueckversicher0.25%
Bhp Group Ltd0.25%
Tokyo Electron Ltd0.24%
Siemens Energy AG0.24%
Intact Financial Corp0.24%
Dbs Group Holdings Ltd0.23%
Standard Chartered PLC0.23%
Zurich Insurance Group AG0.23%
Barrick Mining Corp0.23%
Vinci SA0.22%
Barclays PLC0.22%

Weight gaps

The 100 widest of 2,288 Holdings in both funds.

Holding weights in AVDS and DFIC, widest gap first
Holding	More in AVDSMore in DFIC	AVDS	DFIC
Wpp PLC Sponsored Adr AdrWPP	AVDS +0.22 points	0.22%	<0.01%
B2GOLD Corp Common Stock	AVDS +0.20 points	0.20%	<0.01%
South Bow Corp Common Stock Npv	AVDS +0.20 points	0.21%	0.01%
Enlight Renewable Energy Ltd Common Stock ILS.01	AVDS +0.19 points	0.21%	0.02%
Balfour Beatty PLC Common Stock GBP.5BBY.L	AVDS +0.18 points	0.22%	0.04%
Descartes Systems Grp/The Common Stock	AVDS +0.18 points	0.19%	<0.01%
Autotrader Group PLC Common Stock GBP.01AUTO.L	AVDS +0.18 points	0.21%	0.03%
Umicore Common Stock	AVDS +0.18 points	0.21%	0.03%
Hafnia Ltd Common Stock USD.01	AVDS +0.17 points	0.19%	0.02%
Dcc Energy PLC Common Stock EUR.25DCC.L	AVDS +0.18 points	0.23%	0.05%
Aixtron SE Common Stock	AVDS +0.17 points	0.19%	0.02%
Discovery Mining Ltd Common Stock	AVDS +0.17 points	0.17%	<0.01%
Iamgold Corp Common Stock	AVDS +0.17 points	0.17%	<0.01%
Glenveagh Properties PLC Common Stock EUR.001	AVDS +0.17 points	0.18%	0.01%
Howden Joinery Group PLC Common Stock GBP.1HWDN.L	AVDS +0.17 points	0.23%	0.06%
Whitbread PLC Common Stock GBP.767974WTB.L	AVDS +0.17 points	0.23%	0.06%
Do & Co AG Common Stock	AVDS +0.17 points	0.19%	0.02%
Venture Corp Ltd Common Stock	AVDS +0.16 points	0.19%	0.03%
Hiscox Ltd Common Stock GBP.065HSX.L	AVDS +0.16 points	0.23%	0.07%
Eldorado Gold Corp Common Stock	AVDS +0.16 points	0.17%	0.01%
Cmb Tech NV Common Stock	AVDS +0.16 points	0.17%	<0.01%
Westgold Resources Ltd Common Stock	AVDS +0.15 points	0.19%	0.04%
Hudbay Minerals Inc Common Stock	AVDS +0.15 points	0.16%	<0.01%
Equinox Gold Corp Common Stock	AVDS +0.15 points	0.16%	<0.01%
Lion Finance Group PLC Common Stock GBP.01BGEO.L	AVDS +0.15 points	0.23%	0.08%
Inficon Holding AG Reg Common Stock CHF5.0	AVDS +0.15 points	0.17%	0.02%
Rightmove PLC Common Stock GBP.001RMV.L	AVDS +0.15 points	0.19%	0.04%
Cleanaway Waste Management L Common Stock	AVDS +0.15 points	0.19%	0.04%
Tel Aviv Stock Exchange Ltd Common Stock	AVDS +0.14 points	0.18%	0.04%
Vallourec SA Common Stock EUR.02	AVDS +0.14 points	0.18%	0.04%
Comfortdelgro Corp Ltd Common Stock	AVDS +0.14 points	0.16%	0.02%
Dpm Metals Inc Common Stock	AVDS +0.14 points	0.21%	0.07%
Tecan Group AG Reg Common Stock CHF.1	AVDS +0.14 points	0.16%	0.02%
Genesis Minerals Ltd Common Stock	AVDS +0.14 points	0.16%	0.02%
Seiko Group Corp Common Stock	AVDS +0.14 points	0.17%	0.03%
Rs Group PLC Common Stock GBP.1	AVDS +0.14 points	0.17%	0.03%
Clal Insurance Enterpr Hldgs Common Stock ILS1.0	AVDS +0.14 points	0.20%	0.06%
Perseus Mining Ltd Common Stock	AVDS +0.13 points	0.19%	0.06%
Azimut Holding Spa Common Stock	AVDS +0.13 points	0.18%	0.05%
Seek Ltd Common Stock	AVDS +0.13 points	0.14%	<0.01%
Kintetsu Group Holdings Co L Common Stock	AVDS +0.14 points	0.16%	0.02%
Man Group Plc/Jersey Common Stock USD.03428571EMG.L	AVDS +0.13 points	0.18%	0.05%
Teleperformance Common Stock EUR2.5	AVDS +0.14 points	0.17%	0.03%
Medipal Holdings Corp Common Stock	AVDS +0.13 points	0.16%	0.03%
Tohoku Electric Power Co Inc Common Stock	AVDS +0.13 points	0.16%	0.03%
Firstservice Corp Common Stock	AVDS +0.13 points	0.14%	<0.01%
Leg Immobilien SE Common Stock	AVDS +0.13 points	0.15%	0.02%
Ringkjoebing Landbobank A/S Common Stock DKK1.0	AVDS +0.13 points	0.19%	0.06%
Aya Gold & Silver Inc Common Stock	AVDS +0.13 points	0.14%	<0.01%
Acerinox SA Common Stock EUR.25	AVDS +0.13 points	0.17%	0.04%
Sig Group AG Common Stock CHF.01	AVDS +0.13 points	0.17%	0.04%
Arkema Common Stock EUR10.0	AVDS +0.13 points	0.16%	0.03%
Vault Minerals Ltd Common Stock	AVDS +0.13 points	0.18%	0.05%
Treasury Wine Estates Ltd Common Stock	AVDS +0.13 points	0.14%	0.01%
Temenos AG Reg Common Stock CHF5.0	AVDS +0.13 points	0.17%	0.04%
Ansell Ltd Common Stock	AVDS +0.12 points	0.17%	0.05%
Downer Edi Ltd Common Stock	AVDS +0.12 points	0.16%	0.04%
Definity Financial Corp Common Stock	AVDS +0.12 points	0.18%	0.06%
Burberry Group PLC Common Stock GBP.0005BRBY.L	AVDS +0.12 points	0.17%	0.05%
Toyo Seikan Group Holdings L Common Stock	AVDS +0.12 points	0.14%	0.02%
Tobu Railway Co Ltd Common Stock	AVDS +0.12 points	0.14%	0.02%
Fuji Corp/Aichi Common Stock	AVDS +0.12 points	0.13%	0.01%
Keller Group PLC Common Stock GBP.1KLR.L	AVDS +0.12 points	0.13%	<0.01%
Kobe Steel Ltd Common Stock	AVDS +0.12 points	0.18%	0.06%
Ssr Mining Inc Common Stock	AVDS +0.12 points	0.17%	0.05%
Bank of Queensland Ltd Common Stock	AVDS +0.12 points	0.16%	0.04%
Rubis Common Stock EUR1.25	AVDS +0.12 points	0.14%	0.02%
Cranswick PLC Common Stock GBP.1CWK.L	AVDS +0.12 points	0.15%	0.03%
Comsys Holdings Corp Common Stock	AVDS +0.12 points	0.15%	0.03%
Mitie Group PLC Common Stock GBP.025MTO.L	AVDS +0.12 points	0.12%	<0.01%
Capital Power Corp Common Stock	AVDS +0.11 points	0.16%	0.05%
Rockwool A/S B Shs Common Stock DKK1.0	AVDS +0.12 points	0.15%	0.03%
Steadfast Group Ltd Common Stock	AVDS +0.12 points	0.15%	0.03%
Ventia Services Group Pty Lt Common Stock	AVDS +0.12 points	0.16%	0.04%
J Front Retailing Co Ltd Common Stock	AVDS +0.12 points	0.17%	0.05%
Challenger Ltd Common Stock	AVDS +0.11 points	0.16%	0.05%
Chugin Financial Group Inc Common Stock	AVDS +0.11 points	0.14%	0.03%
B+m European Value Retail Pl Common Stock GBP.1BME.L	AVDS +0.11 points	0.14%	0.03%
Hill & Smith PLC Common Stock GBP.25HILS.L	AVDS +0.12 points	0.14%	0.02%
Big Shopping Centers 2004 Lt Common Stock ILS.01	AVDS +0.11 points	0.12%	<0.01%
Atco Ltd Class I Common Stock	AVDS +0.12 points	0.14%	0.02%
Hokuhoku Financial Group Inc Common Stock	AVDS +0.11 points	0.17%	0.06%
Methanex Corp Common Stock	AVDS +0.12 points	0.12%	<0.01%
Renk Group AG Common Stock	AVDS +0.11 points	0.12%	<0.01%
Or Royalties Inc Common Stock	AVDS +0.12 points	0.12%	<0.01%
Johnson Matthey PLC Common Stock GBP1.478994JMAT.L	AVDS +0.11 points	0.15%	0.04%
Netlink Nbn Trust Unit	AVDS +0.11 points	0.12%	0.01%
Dexerials Corp Common Stock	AVDS +0.11 points	0.15%	0.04%
Computacenter PLC Common Stock GBP.075555CCC.L	AVDS +0.11 points	0.16%	0.05%
Regis Resources Ltd Common Stock	AVDS +0.11 points	0.16%	0.05%
Odakyu Electric Railway Co Common Stock	AVDS +0.11 points	0.13%	0.02%
Solvay SA Common Stock EUR15.0	AVDS +0.11 points	0.14%	0.03%
Daishi Hokuetsu Financial Gr Common Stock	AVDS +0.11 points	0.14%	0.03%
Sheng Siong Group Ltd Common Stock	AVDS +0.10 points	0.12%	0.01%
Takashimaya Co Ltd Common Stock	AVDS +0.10 points	0.15%	0.05%
Softcat PLC Common Stock GBP.0005SCT.L	AVDS +0.11 points	0.14%	0.03%
Finning International Inc Common Stock	AVDS +0.10 points	0.22%	0.12%
Migdal Insurance & Financial Common Stock ILS.01	AVDS +0.11 points	0.13%	0.02%
Bw Lpg Ltd Common Stock USD.01	AVDS +0.11 points	0.13%	0.02%
Electric Power Development C Common Stock	AVDS +0.11 points	0.12%	0.01%

All 3,086 AVDS holdings⁠All 4,139 DFIC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AVDS vs DFIC Cost

Overpaying AVDS vs DFIC

$1,591

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AVDS 0.30%
$6,149
DFIC 0.22%
$4,558

Amount$10,000

Years30 years

Cost over time

AVDS 0.30%
DFIC 0.22%
Overpaying

Year by year

Year	AVDS	DFIC	Overpaying
10	$545	$401	$144
20	$2,113	$1,561	$552
30	$6,149	$4,558	$1,591

Expense ratio

0.30%AVDS
0.22%DFIC, cheaper

DFIC0.22%AVDS0.30%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

AVDS 6th cheapest of 55 funds

AVDS vs DFIC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AVDS 2.66%, better; DFIC 2.55%
Payout (12M): AVDS $2.03; DFIC $0.96
Last payment: AVDS $0.28; DFIC $0.19
Ex-dividend: AVDS Sep 8, 2026; DFIC Sep 22, 2026
Paid on: AVDS Sep 10, 2026; DFIC Sep 24, 2026
Frequency: AVDS Quarterly; DFIC Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

AVDSQuarterly · 8 paymentsAll AVDS payments⁠

DFICQuarterly · 18 paymentsAll DFIC payments⁠

AVDS vs DFIC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AVDS 14.2%DFIC 11.9%, better
Return per unit of riskSharpe ratio, 3 years: AVDS 1.18DFIC 1.35, better
Worst fallMax drawdown, 5 years: AVDS −13.5%since Jul 2023DFIC −24.4%since Mar 2022
Market sensitivityBeta, 5 years: AVDS 0.73DFIC 0.92; Market = 1

AVDS and DFIC in the news

All news⁠

ETF Filings
Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank
Sep 18, 2026DFIC

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AVDS vs DFIC

In short

Stated mandate

Why people hold it

Worth knowing

How AVDS and DFIC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AVDS

Only in DFIC

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank

How AVDS and DFIC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AVDS

Only in DFIC

Weight gaps