AZTD vs DFIS: Grades, Fees and Holdings Compared

Aztlan Global Stock Selection Dm SMID ETF

AZTDDNYSE Arca

Dimensional International Small Cap ETF

DFISACboe

Overlap

1.6%by weight

Expense ratio

DFIS −0.36pt a year

AZTD0.75%DFIS0.39%

Avg volume · 30D

DFIS 225.4×the volume

AZTD3.08KDFIS693K

3Y return · a year

DFIS +2.9pt

AZTD+19.1%DFIS+22.0%

AZTD vs DFIS Performance

Oct 31, 2025 – Oct 30, 2026

+13.3%AZTD+15.6%DFIS

Expense ratio: AZTD 0.75%; DFIS 0.39%, better
Fund size: AZTD $36M; DFIS $5.76B
1Y total return: AZTD +13.3%; DFIS +15.6%, better
Yield (12M): AZTD 0.95%; DFIS 2.23%, better
Holdings: AZTD 52; DFIS 3503
Avg volume (30D): AZTD 3.08K sh; DFIS 693K sh, better
NAV per share: AZTD $31.85; DFIS $35.55
52W range

ETF.net Grade

Pillar letters and Scores for AZTD, DFIS, with each pillar’s weight
Pillar	AZTD	DFIS
Cost30% weight	F13	A70Higher
Mission25% weight	A86	A100Higher
Risk15% weight	D29	B55Higher
Tradability15% weight	D28	A71Higher
Holdings10% weight	D29	B66Higher
Durability5% weight	D25	B55Higher

Rank among International Small-Cap funds

How we build Categories ›

Same Category. AZTD and DFIS are both graded against the same 16 International Small-Cap funds, so their Grades compare head to head.

International Small-Cap⁠

Category · 16 funds

See all 16 ›

DFIS ranks 4th and AZTD 13th of 16 funds in the International Small-Cap Category.

Rank 1ASCHCSchwab International Small-Cap Equity ETFScore 80
Rank 2ASCZiShares MSCI EAFE Small-Cap ETFScore 79
Rank 3AVSSVanguard FTSE All-World ex-US Small-Cap ETFScore 78
Rank 4ADFISDimensional International Small Cap ETFScore 74
Rank 4AFNDCSchwab Fundamental International Small Company Index ETFScore 74
Rank 12CHSCZiShares Currency Hedged MSCI EAFE Small-Cap ETFScore 45
Rank 13DAZTDAztlan Global Stock Selection Dm SMID ETFScore 38
Rank 13DTISCThrivent International Small Cap ETFScore 38

Our read on each fund

ETF.net Research

AZTDDAztlan Global Stock Selection Dm SMID ETF

DFISADimensional International Small Cap ETF

In short

AZTD Most developed-market small-cap funds hand you thousands of names. AZTD screens North America, Western Europe and Asia on six factors and keeps about 40. A boutique's high-conviction take on SMID, priced accordingly.

DFIS No data

Stated mandate

AZTD The Fund passively tracks the Solactive Aztlan Global Developed Markets SMID Cap Index before fees and expenses.

DFIS No data

Why people hold it

AZTD Six factors (value, cash flow, capital structure, growth, EPS revisions, momentum) get equal say, and component selection is fully rule-based, not a manager's call.solactive.com solactive.com 2
Roughly 40 names spread across North America, Western Europe and Asia. Real conviction, not a closet copy of a thousand-stock global small-cap benchmark.solactive.com
Health care is included but the pharmaceutical sub-sector is screened out, tilting the sleeve toward devices and services over drug-pipeline bets.solactive.com
It tracks a published Solactive index, so the rulebook and each rebalance list are out in the open at the index sponsor.solactive.com

DFIS No data

Worth knowing

AZTD 0.75% a year runs above the median for its international equity peer group, and well above core options like AVDE (0.23%) and DFIC (0.22%).
A small fund that trades thinly. Limit orders matter here, and spreads can be wider than on the category's mainstream names.
About 40 stocks means single names move the fund far more than they would inside a broad developed-markets index.

DFIS No data

Full AZTD profile⁠

Full DFIS profile⁠

AZTD vs DFIS Holdings

How AZTD and DFIS differ

Overlap by weight

1.6%

Shared holdings make up 39.4% of AZTD and 1.6% of DFIS.

Level by level

Holdings19 in both1.6%
Countryby domicile48.2%
Sector11 Sectors73.2%
Asset classEquity100%

Sector

Sector weights in AZTD and DFIS, widest gap first
Sector	More in AZTDMore in DFIS	AZTD	DFIS
Technology	AZTD +14.7 points	23.7%	9.0%
Materials	DFIS +12.3 points	1.9%	14.2%
Industrials	DFIS +9.0 points	15.9%	24.9%
Consumer Discretionary	AZTD +4.9 points	18.9%	14.0%
Health Care	AZTD +3.7 points	9.4%	5.7%
Real Estate	DFIS +3.2 points	0.0%	3.1%
Communication	AZTD +2.6 points	5.6%	3.0%
Financials	DFIS +2.3 points	9.9%	12.2%
Utilities	AZTD +0.6 points	3.6%	3.0%
Consumer Staples	AZTD +0.3 points	5.8%	5.5%
Energy	Same weight	5.3%	5.3%

Country, concentration and asset class

Country by domicile

Country weights in AZTD and DFIS, widest gap first
Country	More in AZTDMore in DFIS	AZTD	DFIS
United States	AZTD +51.4 points	53.2%	1.8%
Japan	DFIS +8.9 points	18.4%	27.3%
Canada	DFIS +8.0 points	3.6%	11.6%
Switzerland	DFIS +5.3 points	2.0%	7.3%
Australia	DFIS +3.7 points	1.8%	5.5%
United Kingdom	DFIS +3.5 points	8.2%	11.7%
Germany	DFIS +3.2 points	2.9%	6.1%
Sweden	DFIS +2.6 points	0.0%	2.6%
Other countries (22)	DFIS +16.2 points	9.9%	26.1%

Outside the US: AZTD 100% developed, 0% emerging. DFIS 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

AZTD27.6%
DFIS3.3%

Securities held

AZTD51
DFIS3,488

Asset class

AZTD: Equity
DFIS: Equity

Holdings

Only in AZTD32
In both19
Only in DFIS3,469

Only in AZTD

32 securities, 60.3% of AZTD by weight

Docusign Inc3.24%
Halozyme Therapeutics Inc3.20%
Maplebear Inc2.71%
Frontdoor Inc2.45%
Exelixis Inc2.39%
Lumentum Holdings Inc2.39%
Kyndryl Holdings Inc2.32%
Medpace Holdings Inc2.24%
Remitly Global Inc2.19%
Food & Life Cos Ltd2.16%
Plains GP Holdings LP2.15%
Arrow Electronics Inc2.08%
Generac Holdings Inc2.02%
Federated Hermes Inc2.01%
Cargurus Inc1.95%
Commercial Metals Co1.91%
JB Hi-Fi Ltd1.83%
Virtu Financial Inc1.82%
PJT Partners Inc1.80%
Shimizu Corp1.78%
Davita Inc1.65%
Euronet Worldwide Inc1.57%
Enova International Inc1.53%
Bancorp Inc/The1.51%
Tfi International Inc1.50%
Allegro MicroSystems Inc1.44%
ADTRAN Holdings Inc1.42%
Array Technologies Inc1.34%
Sprouts Farmers Market Inc1.28%
Argan Inc1.26%
Sterling Infrastructure Inc1.13%
First American Government Obligations Fund 12/01/20310.05%

Only in DFIS

3,469 securities, 98.1% of DFIS by weight

Qiagen NV Com0.46%
Vat Group AG0.40%
Orion Oyj0.37%
Poste Italiane Spa0.34%
Finning International Inc0.33%
Dpm Metals Inc0.31%
Gea Group AG0.31%
Rexel SA0.31%
Swiss Prime Site AG0.31%
Mercari Inc0.30%
Hiscox Ltd0.30%
Thyssenkrupp AG0.29%
Saipem Spa0.29%
Brenntag SE0.28%
Akzo Nobel NV0.28%
Capital Power Corp0.27%
Gaztransport Et Technigaz0.27%
Namura Shipbuilding Co Lt0.27%
Belimo Holding AG0.27%
Shibaura Mechatronics Cor0.26%
Psp Swiss Property AG0.26%
Canadian Tire Corp Ltd0.26%
Imcd NV0.26%
Zalando SE0.26%
Kesko Oyj0.24%
Helvetia Baloise Holding0.24%
Accelleron Industries Ltd0.24%
Carrefour SA0.24%
Spie SA0.24%
Symrise AG0.24%
Lion Finance Group PLC0.23%
Hudbay Minerals Inc0.23%
Games Workshop Group PLC0.23%
Ssr Mining Inc0.23%
Eurofins Scientific0.22%
Scor SE0.22%
Accor SA0.22%
Kingfisher PLC0.22%
Swatch Group Ag/The0.22%
Fresenius Medical Care AG0.22%
Man Group Plc/Jersey0.21%
Indra Sistemas SA0.21%
Ackermans & Van Haaren NV0.21%
Evonik Industries AG0.21%
Tamarack Valley Energy Lt0.21%
Sbm Offshore NV0.21%
Hensoldt AG0.20%
Colliers International Gr0.20%
Northland Power Inc0.20%
Oceanagold Corp0.20%

Weight gaps

All 19 Holdings in both funds, largest gap first.

Holding weights in AZTD and DFIS, widest gap first
Holding	More in AZTDMore in DFIS	AZTD	DFIS
Happinet Corp	AZTD +3.96 points	4.00%	0.04%
Cybozu Inc	AZTD +2.51 points	2.52%	0.01%
Greencore Group PLCGNC.L	AZTD +2.31 points	2.39%	0.07%
Sanki Engineering Co Ltd	AZTD +2.25 points	2.29%	0.04%
Pet Valu Holdings Ltd	AZTD +2.12 points	2.14%	0.02%
Koninklijke BAM Groep NV	AZTD +2.05 points	2.20%	0.15%
Toyo Tire Corp	AZTD +2.03 points	2.11%	0.08%
Mitie Group PLCMTO.L	AZTD +1.98 points	2.03%	0.04%
Centrica PLCCNA.L	AZTD +1.89 points	1.93%	0.04%
Avolta AG	AZTD +1.86 points	2.01%	0.15%
Lottomatica Group Spa	AZTD +1.86 points	2.07%	0.21%
CyberAgent Inc	AZTD +1.80 points	1.84%	0.04%
Technip Energies NV	AZTD +1.79 points	1.96%	0.17%
Nexans SA	AZTD +1.74 points	1.91%	0.17%
Itv PLCITV.L	AZTD +1.69 points	1.79%	0.10%
Anritsu Corp	AZTD +1.64 points	1.65%	0.01%
HelloFresh SE	AZTD +1.57 points	1.57%	<0.01%
Italgas SpA	AZTD +1.55 points	1.74%	0.19%
flatexDEGIRO SE	AZTD +1.21 points	1.29%	0.08%

All 27 AZTD holdings⁠All 3,463 DFIS 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.

AZTD vs DFIS Cost

Overpaying AZTD vs DFIS

$6,584

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

AZTD 0.75%
$14,482
DFIS 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

AZTD 0.75%
DFIS 0.39%
Overpaying

Year by year

Year	AZTD	DFIS	Overpaying
10	$1,336	$705	$631
20	$5,078	$2,725	$2,353
30	$14,482	$7,898	$6,584

Expense ratio

0.75%AZTD
0.39%DFIS, cheaper

DFIS0.39%AZTD0.75%

0.06%0.83%

Middle half of International Small-Cap funds
Median 0.44%

DFIS 4th cheapest of 16 funds

AZTD 14th cheapest of 16 funds

AZTD vs DFIS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AZTD 0.95%; DFIS 2.23%, better
Payout (12M): AZTD $0.30; DFIS $0.79
Last payment: AZTD $0.30; DFIS $0.19
Ex-dividend: AZTD Dec 24, 2025; DFIS Sep 22, 2026
Paid on: AZTD Dec 26, 2025; DFIS Sep 24, 2026
Frequency: AZTD Annual; DFIS Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

AZTDAnnual · 3 paymentsAll AZTD payments⁠

DFISQuarterly · 18 paymentsAll DFIS payments⁠

AZTD vs DFIS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AZTD 15.4%DFIS 13.7%, better
Return per unit of riskSharpe ratio, 3 years: AZTD 0.93DFIS 1.20, better
Worst fallMax drawdown, 5 years: AZTD −16.8%since Aug 2022DFIS −27.2%since Mar 2022
Market sensitivityBeta, 5 years: AZTD 1.10DFIS 0.98; Market = 1

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