DFIS vs FNDC: Grades, Fees and Holdings Compared

Dimensional International Small Cap ETF

DFISACboe

Schwab Fundamental International Small Company Index ETF

FNDCANYSE Arca

Overlap

36.2%by weight

Expense ratio

DFIS0.39%FNDC0.39%

Avg volume · 30D

DFIS 7.5×the volume

DFIS693KFNDC92.6K

3Y return · a year

DFIS +1.4pt

DFIS+22.0%FNDC+20.6%

DFIS vs FNDC Performance

Oct 31, 2025 – Oct 30, 2026

+15.6%DFIS+15.0%FNDC

Expense ratio: DFIS 0.39%; FNDC 0.39%
Fund size: DFIS $5.76B; FNDC $3.04B
1Y total return: DFIS +15.6%, better; FNDC +15.0%
Yield (12M): DFIS 2.23%; FNDC 3.68%, better
Holdings: DFIS 3503; FNDC 1582
Avg volume (30D): DFIS 693K sh, better; FNDC 92.6K sh
NAV per share: DFIS $35.55; FNDC $49.16
52W range

ETF.net Grade

Pillar letters and Scores for DFIS, FNDC, with each pillar’s weight
Pillar	DFIS	FNDC
Cost30% weight	A70	A70
Mission25% weight	A100	A100
Risk15% weight	B55	B61Higher
Tradability15% weight	A71	A71
Holdings10% weight	B66Higher	B60
Durability5% weight	B55	B64Higher

Rank among International Small-Cap funds

How we build Categories ›

Same Category. DFIS and FNDC 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 FNDC 4th 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 6AGWXState Street SPDR S&P International Small Cap ETFScore 72

Our read on each fund

ETF.net Research

DFISADimensional International Small Cap ETF

FNDCASchwab Fundamental International Small Company Index ETF

In short

DFIS No data

FNDC Schwab's contrarian cut of international small caps: instead of letting share price set position size, FNDC weights roughly 1,600 developed-market small companies by fundamental measures of size, which bakes in a value tilt.

Stated mandate

DFIS No data

FNDC The fund seeks to track, before fees and expenses, the total return of an index measuring small non-U.S. developed-market companies according to fundamental size and weighting.

Why people hold it

DFIS No data

FNDC Weights companies by fundamental measures of size rather than share price, so a stock's weight does not climb simply because the market bid it up.
Roughly 1,600 names spread across developed markets outside the US. Broad enough that no single small-cap story drives the fund.
Trading since 2013 and now a multi-billion-dollar fund that stays inside its lane: developed-market small companies, no drift into emerging markets or larger caps.
At 0.39%, one of the better-standing implementations in a peer group where the typical fund charges about the same.

Worth knowing

DFIS No data

FNDC The fundamental weighting costs extra: plain cap-weighted siblings SCHC and VSS charge 0.06% against 0.39% here.
A value tilt means results can diverge from standard cap-weighted international small-cap indexes for long stretches, in either direction.
Cash comes in lumps: distributions are annual or semiannual, not monthly, and the fund trades moderately rather than like the category's busiest names.

Full DFIS profile⁠

Full FNDC profile⁠

DFIS vs FNDC Holdings

How DFIS and FNDC differ

Overlap by weight

36.2%

Shared holdings make up 53.6% of FNDC and 45.8% of DFIS.

Level by level

Holdings875 in both36.2%
Countryby domicile80.5%
Sector11 Sectors92.6%
Asset classEquity100%

Sector

Sector weights in DFIS and FNDC, widest gap first
Sector	More in DFISMore in FNDC	DFIS	FNDC
Materials	DFIS +4.3 points	14.2%	9.9%
Real Estate	FNDC +3.9 points	3.1%	7.1%
Communication	FNDC +2.2 points	3.0%	5.2%
Consumer Discretionary	DFIS +1.1 points	14.0%	12.9%
Energy	DFIS +0.9 points	5.3%	4.4%
Financials	FNDC +0.6 points	12.2%	12.8%
Utilities	DFIS +0.6 points	3.0%	2.4%
Consumer Staples	FNDC +0.5 points	5.5%	6.0%
Technology	DFIS +0.3 points	9.0%	8.7%
Industrials	DFIS +0.2 points	24.9%	24.7%
Health Care	FNDC +0.1 points	5.7%	5.8%

Country, concentration and asset class

Country by domicile

Country weights in DFIS and FNDC, widest gap first
Country	More in DFISMore in FNDC	DFIS	FNDC
South Korea	FNDC +7.7 points	0.0%	7.7%
Canada	DFIS +3.7 points	11.6%	7.9%
Switzerland	DFIS +3.2 points	7.3%	4.1%
Japan	FNDC +3.2 points	27.3%	30.5%
United Kingdom	DFIS +2.9 points	11.7%	8.8%
Germany	DFIS +2.4 points	6.1%	3.7%
France	DFIS +1.6 points	5.5%	3.9%
Sweden	FNDC +1.3 points	2.6%	3.9%
Other countries (25)	FNDC +1.8 points	27.9%	29.7%

Outside the US: DFIS 98% developed, 2% emerging. FNDC 88% developed, 12% emerging.

Concentration

Weight in the 10 largest Holdings

DFIS3.3%
FNDC2.6%

Securities held

DFIS3,488
FNDC1,569

Asset class

DFIS: Equity
FNDC: Equity

Holdings

Only in DFIS2,613
In both875
Only in FNDC694

Only in DFIS

2,613 securities, 53.9% of DFIS by weight

Qiagen NV Com0.46%
Poste Italiane Spa0.34%
Finning International Inc0.33%
Gea Group AG0.31%
Rexel SA0.31%
Mercari Inc0.30%
Thyssenkrupp AG0.29%
Brenntag SE0.28%
Akzo Nobel NV0.28%
Capital Power Corp0.27%
Gaztransport Et Technigaz0.27%
Namura Shipbuilding Co Lt0.27%
Shibaura Mechatronics Cor0.26%
Canadian Tire Corp Ltd0.26%
Imcd NV0.26%
Zalando SE0.26%
Kesko Oyj0.24%
Helvetia Baloise Holding0.24%
Carrefour SA0.24%
Symrise AG0.24%
Hudbay Minerals Inc0.23%
Eurofins Scientific0.22%
Scor SE0.22%
Accor SA0.22%
Kingfisher PLC0.22%
Swatch Group Ag/The0.22%
Fresenius Medical Care AG0.22%
Indra Sistemas SA0.21%
Evonik Industries AG0.21%
Sbm Offshore NV0.21%
Colliers International Gr0.20%
Oceanagold Corp0.20%
Mitsubishi Materials Corp0.20%
Alstom SA0.20%
Bawag Group AG0.20%
Italgas Spa0.19%
Randstad NV0.19%
Dcc Energy PLC0.19%
Edenred0.18%
Logitech International SA0.18%
Stora Enso Oyj0.18%
Mda Space Ltd0.18%
Eldorado Gold Corp0.18%
Open Text Corp0.18%
Umicore SA0.17%
Pan African Resources PLC0.17%
Sonova Holding AG0.17%
Voestalpine AG0.17%
Renault SA0.17%
Metso Corporation0.17%

Only in FNDC

694 securities, 46.2% of FNDC by weight

Samsung E&A Ltd0.33%
Ibiden Ltd0.31%
Helvetia Baloise Holding N AG0.23%
Nippon Paint Holdings0.22%
Nice Adr Representing0.21%
Samsung Life Ltd0.21%
Qiagen0.21%
Evolution0.20%
Trend Micro0.20%
Getinge Class B0.20%
Oriental Land0.20%
Meritz Financial Group Inc0.20%
Frontline PLC0.20%
Coway Ltd0.19%
Taiyo Yuden Ltd0.19%
Nissan Chemical Corp0.19%
Gs Engineering & Construction Corp0.19%
Dl E&C Ltd0.18%
Harbour Energy PLC0.18%
Andritz AG0.18%
Edenred0.18%
Talanx AG0.18%
Konami Group0.18%
Bankinter0.17%
Nibe Industrier Class B0.17%
Rb Global0.17%
Hulic0.17%
Erste Bank Polska SA0.17%
Hafnia0.17%
Weir PLC0.17%
Celestica0.17%
Tryg0.17%
Asics0.16%
Intercontinental Hotels Group PLC0.16%
Segro Reit PLC0.16%
Joyy Adr0.16%
Mirvac Group Stapled Units0.16%
Wharf Real Estate Investment Compa0.16%
Amundi SA0.16%
Enagas SA0.16%
Yokohama Financial Group0.16%
Japan Exchange Group0.16%
Hongkong Land Holdings Ltd0.16%
Constellium SE Class A0.16%
Klepierre Reit SA0.16%
Daewoo Engineering & Construction0.16%
Hyundai Marine & Fire Insurance0.16%
Halma PLC0.16%
Banco Comercial Portugues SA0.16%
Nexans SA0.16%

Weight gaps

The 100 widest of 875 Holdings in both funds.

Holding weights in DFIS and FNDC, widest gap first
Holding	More in DFISMore in FNDC	DFIS	FNDC
Gfl Environmental Inc	FNDC +0.28 points	0.07%	0.35%
Vat Group AG	DFIS +0.28 points	0.40%	0.12%
Easyjet PLCEZJ.L	FNDC +0.24 points	0.01%	0.25%
Dpm Metals Inc	DFIS +0.23 points	0.31%	0.08%
Accelleron Industries Ltd	DFIS +0.19 points	0.24%	0.05%
Psp Swiss Property AG	DFIS +0.19 points	0.26%	0.07%
Swiss Prime Site AG	DFIS +0.19 points	0.31%	0.12%
Belimo Holding AG	DFIS +0.19 points	0.27%	0.08%
Hiscox LtdHSX.L	DFIS +0.17 points	0.30%	0.13%
Orion Oyj	DFIS +0.18 points	0.37%	0.19%
Hensoldt AG	DFIS +0.16 points	0.20%	0.04%
Nordex SE	DFIS +0.15 points	0.19%	0.04%
Swissquote Group Holding	DFIS +0.15 points	0.18%	0.03%
Sumitomo Bakelite Co Ltd	FNDC +0.15 points	<0.01%	0.15%
Thk Co Ltd	FNDC +0.15 points	<0.01%	0.15%
Games Workshop Group PLCGAW.L	DFIS +0.14 points	0.23%	0.09%
Lottomatica Group Spa	DFIS +0.14 points	0.21%	0.07%
Brookfield Infrastructure	FNDC +0.14 points	<0.01%	0.14%
Saipem Spa	DFIS +0.14 points	0.29%	0.15%
Atkinsrealis Group Inc	FNDC +0.14 points	0.04%	0.18%
South Bow Corp	FNDC +0.14 points	<0.01%	0.14%
Renk Group AG	DFIS +0.14 points	0.16%	0.02%
Ringkjoebing Landbobank A	DFIS +0.12 points	0.17%	0.05%
Blackberry LimitedBB	DFIS +0.13 points	0.19%	0.06%
North Pacific Bank Ltd	DFIS +0.12 points	0.17%	0.05%
Loomis Ab	FNDC +0.13 points	<0.01%	0.13%
Transalta Corp	FNDC +0.12 points	<0.01%	0.12%
Lion Finance Group PLCBGEO.L	DFIS +0.12 points	0.23%	0.11%
Straumann Holding AG	FNDC +0.12 points	0.02%	0.14%
Capstone Copper Corp	DFIS +0.12 points	0.18%	0.06%
Hudbay Minerals Inc	FNDC +0.12 points	<0.01%	0.12%
Flughafen Zurich AG	DFIS +0.12 points	0.18%	0.06%
Suruga Bank Ltd	DFIS +0.11 points	0.15%	0.04%
Air France-KlmAF	FNDC +0.12 points	<0.01%	0.12%
Treasury Wine Estates Ltd	FNDC +0.11 points	0.05%	0.16%
Hoegh Autoliners Asa	FNDC +0.11 points	0.03%	0.14%
Baytex Energy Corp	FNDC +0.12 points	0.13%	0.24%
Tamarack Valley Energy Lt	DFIS +0.11 points	0.21%	0.10%
Parex Resources Inc	FNDC +0.11 points	0.08%	0.19%
Nhk Spring Co Ltd	FNDC +0.10 points	0.04%	0.14%
J Front Retailing Co Ltd	FNDC +0.10 points	0.04%	0.14%
Casio Computer Co Ltd	FNDC +0.10 points	0.04%	0.14%
Tate & Lyle OrdTATE.L	FNDC +0.11 points	0.06%	0.17%
Brp Inc	FNDC +0.10 points	<0.01%	0.11%
Temenos AG	DFIS +0.11 points	0.17%	0.06%
Nomura Real Estate Holdin	FNDC +0.10 points	0.02%	0.12%
Diploma PLCDPLM.L	FNDC +0.10 points	<0.01%	0.10%
Mobimo Holding AG	DFIS +0.10 points	0.13%	0.03%
Stantec Inc	FNDC +0.10 points	0.04%	0.14%
Macnica Holdings Inc	FNDC +0.10 points	0.07%	0.17%
Airtel Africa PLCAAF.L	FNDC +0.10 points	0.02%	0.12%
Ssr Mining Inc	DFIS +0.10 points	0.23%	0.13%
Canon Marketing Japan Inc	FNDC +0.10 points	<0.01%	0.10%
Sinch Ab	FNDC +0.10 points	0.03%	0.13%
Cyberagent Inc	FNDC +0.10 points	0.04%	0.14%
Sopra Steria Group	FNDC +0.10 points	0.10%	0.20%
Azelis Group NV	FNDC +0.09 points	0.03%	0.12%
Odakyu Electric Railway C	FNDC +0.09 points	0.02%	0.11%
Sims Ltd	FNDC +0.10 points	0.05%	0.15%
Canadian Utilities Ltd	FNDC +0.09 points	0.06%	0.15%
Clariant AG	FNDC +0.09 points	0.09%	0.18%
Swcc Corp	DFIS +0.09 points	0.14%	0.05%
Cae Inc	FNDC +0.09 points	0.05%	0.14%
Firstservice Corp	FNDC +0.09 points	0.01%	0.10%
Lotus Bakeries NV	DFIS +0.09 points	0.13%	0.04%
Tmx Group Ltd	FNDC +0.09 points	0.03%	0.12%
Tokyo Tatemono Co Ltd	FNDC +0.09 points	0.04%	0.13%
Alten SA	FNDC +0.09 points	0.10%	0.19%
Babcock International GroBAB.L	DFIS +0.09 points	0.19%	0.10%
Peyto Exploration & Devel	DFIS +0.09 points	0.17%	0.08%
Biprogy Inc	FNDC +0.09 points	0.02%	0.11%
Salzgitter AG	FNDC +0.08 points	0.06%	0.14%
Spirax Group PLCSPX.L	FNDC +0.09 points	0.07%	0.16%
Fuji Corp/Aichi	FNDC +0.08 points	0.02%	0.10%
Eqb Inc	DFIS +0.08 points	0.12%	0.04%
Coca-Cola Bottlers Japan	FNDC +0.08 points	0.05%	0.13%
Unicaja Banco SA	DFIS +0.08 points	0.12%	0.04%
Valiant Holding AG	DFIS +0.08 points	0.13%	0.05%
Toyo Tire Corp	FNDC +0.08 points	0.08%	0.16%
Also Holding AG	FNDC +0.08 points	0.01%	0.09%
Hokkaido Electric Power C	FNDC +0.08 points	0.09%	0.17%
Sulzer AG	DFIS +0.08 points	0.15%	0.07%
Nof Corp	FNDC +0.07 points	0.03%	0.10%
Spie SA	DFIS +0.08 points	0.24%	0.16%
Colliers International Gr	FNDC +0.07 points	<0.01%	0.08%
Vistry Group PLCVTY.L	FNDC +0.08 points	0.01%	0.09%
Mitie Group PLCMTO.L	FNDC +0.07 points	0.04%	0.12%
Perseus Mining Ltd	FNDC +0.08 points	0.01%	0.09%
Be Semiconductor Industri	FNDC +0.08 points	<0.01%	0.08%
Allreal Holding AG	DFIS +0.08 points	0.13%	0.05%
Glanbia PLC	DFIS +0.07 points	0.12%	0.05%
Genting Singapore Ltd	FNDC +0.08 points	<0.01%	0.08%
Dksh Holding AG	FNDC +0.08 points	0.07%	0.15%
Sapporo Breweries Ltd	FNDC +0.07 points	0.02%	0.09%
JET2 PLC	FNDC +0.08 points	0.04%	0.12%
Definity Financial Corp	DFIS +0.07 points	0.16%	0.09%
Daido Steel Co Ltd	FNDC +0.07 points	0.07%	0.14%
Tokai Carbon Co Ltd	FNDC +0.07 points	0.11%	0.18%
Precision Drilling	FNDC +0.07 points	0.03%	0.10%
Infroneer Holdings Inc	FNDC +0.08 points	0.08%	0.16%

All 3,463 DFIS holdings⁠All 1,583 FNDC 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.

DFIS vs FNDC Cost

Same expense ratio

$7,898

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

DFIS 0.39%
$7,898
FNDC 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

DFIS 0.39%
FNDC 0.39%

Year by year

Year	DFIS	FNDC
10	$705	$705
20	$2,725	$2,725
30	$7,898	$7,898

Expense ratio

0.39%DFIS
0.39%FNDC

DFIS0.39%FNDC0.39%

0.06%0.83%

Middle half of International Small-Cap funds
Median 0.44%

DFIS 4th cheapest of 16 funds

FNDC 4th cheapest of 16 funds

DFIS vs FNDC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFIS 2.23%; FNDC 3.68%, better
Payout (12M): DFIS $0.79; FNDC $1.80
Last payment: DFIS $0.19; FNDC $0.28
Ex-dividend: DFIS Sep 22, 2026; FNDC Jun 24, 2026
Paid on: DFIS Sep 24, 2026; FNDC Jun 29, 2026
Frequency: DFIS Quarterly; FNDC Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

DFISQuarterly · 18 paymentsAll DFIS payments⁠

FNDCTwice a year · 18 paymentsAll FNDC payments⁠

DFIS vs FNDC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFIS 13.7%FNDC 13.3%, better
Return per unit of riskSharpe ratio, 3 years: DFIS 1.20, betterFNDC 1.14
Worst fallMax drawdown, 5 years: DFIS −27.2%since Mar 2022FNDC −30.8%
Market sensitivityBeta, 5 years: DFIS 0.98FNDC 1.04; Market = 1

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