DFIS vs IEUS: Grades, Fees and Holdings Compared

Dimensional International Small Cap ETF

DFISACboe

iShares MSCI Europe Small-Cap ETF

IEUSBNasdaq

Overlap

36.1%by weight

Expense ratio

DFIS −0.02pt a year

DFIS0.39%IEUS0.41%

Avg volume · 30D

DFIS 122.4×the volume

DFIS693KIEUS5.67K

3Y return · a year

DFIS +3.5pt

DFIS+22.0%IEUS+18.5%

DFIS vs IEUS Performance

Oct 31, 2025 – Oct 30, 2026

+15.6%DFIS+9.0%IEUS

Expense ratio: DFIS 0.39%, better; IEUS 0.41%
Fund size: DFIS $5.76B; IEUS $166M
1Y total return: DFIS +15.6%, better; IEUS +9.0%
Yield (12M): DFIS 2.23%; IEUS 3.20%, better
Holdings: DFIS 3503; IEUS 851
Avg volume (30D): DFIS 693K sh, better; IEUS 5.67K sh
NAV per share: DFIS $35.55; IEUS $70.60
52W range

ETF.net Grade

Pillar letters and Scores for DFIS, IEUS, with each pillar’s weight
Pillar	DFIS	IEUS
Cost30% weight	A70Higher	C53
Mission25% weight	A100Higher	A97
Risk15% weight	B55Higher	D33
Tradability15% weight	A71Higher	C43
Holdings10% weight	B66Higher	C49
Durability5% weight	B55	B63Higher

Rank among International Small-Cap funds

How we build Categories ›

Same Category. DFIS and IEUS 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 IEUS 9th 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 8BPDNInvesco RAFI Developed Markets ex-U.S. Small-Mid ETFScore 66
Rank 9BIEUSiShares MSCI Europe Small-Cap ETFScore 59
Rank 10CDFEWisdomTree Europe SmallCap Dividend FundScore 52

Our read on each fund

ETF.net Research

DFISADimensional International Small Cap ETF

IEUSBiShares MSCI Europe Small-Cap ETF

In short

DFIS No data

IEUS Europe's small caps, straight up. IEUS holds roughly 800 little companies across the 15 developed markets of Europe, with no Japan or Asia riding along. Most international small-cap funds are a shovel; this one is a scalpel.

Stated mandate

DFIS No data

IEUS The Fund seeks to track the investment results of an index representing small-capitalization equities in developed European markets.

Why people hold it

DFIS No data

IEUS A true regional pure play: about 800 small caps drawn from the 15 developed markets of Europe, weighted by market value. No North America, no Asia, no emerging markets.msci.com
The portfolio sticks closely to the MSCI Europe Small Cap Index it names, one of the tighter mandate matches in its peer group.ishares.com
Trading since 2007 on iShares plumbing, and sharpened in 2014 when it swapped a broad ex-North America small-cap index for the Europe-only one.ishares.com

Worth knowing

DFIS No data

IEUS Regional precision costs: 0.41% a year, about the category median, while broad international small-cap funds such as VSS and SCHC charge 0.06%.
One of the lighter-traded names in its category, so spreads can run wider than at the big diversified funds. Limit orders matter more here.
Developed Europe only. It is a slice of international small caps, not a stand-in for a global or EAFE-wide version. Cash goes out once or twice a year, not monthly.

Full DFIS profile⁠

Full IEUS profile⁠

DFIS vs IEUS Holdings

How DFIS and IEUS differ

Overlap by weight

36.1%

Shared holdings make up 77.8% of IEUS and 36.1% of DFIS.

Level by level

Holdings645 in both36.1%
Countryby domicile48.9%
Sector11 Sectors87.0%
Asset classEquity100%

Sector

Sector weights in DFIS and IEUS, widest gap first
Sector	More in DFISMore in IEUS	DFIS	IEUS
Materials	DFIS +6.8 points	14.2%	7.4%
Real Estate	IEUS +4.7 points	3.1%	7.9%
Financials	IEUS +3.4 points	12.2%	15.6%
Consumer Discretionary	DFIS +2.0 points	14.0%	12.0%
Consumer Staples	DFIS +1.9 points	5.5%	3.6%
Communication	IEUS +1.9 points	3.0%	4.9%
Health Care	IEUS +1.7 points	5.7%	7.4%
Technology	DFIS +1.2 points	9.0%	7.8%
Industrials	IEUS +1.2 points	24.9%	26.1%
Utilities	DFIS +0.8 points	3.0%	2.2%
Energy	DFIS +0.2 points	5.3%	5.1%

Country, concentration and asset class

Country by domicile

Country weights in DFIS and IEUS, widest gap first
Country	More in DFISMore in IEUS	DFIS	IEUS
Japan	DFIS +27.3 points	27.3%	0.0%
United Kingdom	IEUS +17.8 points	11.7%	29.5%
Canada	DFIS +11.6 points	11.6%	0.0%
Sweden	IEUS +9.5 points	2.6%	12.1%
Australia	DFIS +5.5 points	5.5%	0.0%
Norway	IEUS +5.2 points	0.9%	6.1%
Germany	IEUS +2.9 points	6.1%	9.0%
Switzerland	IEUS +2.8 points	7.3%	10.1%
Other countries (22)	IEUS +6.1 points	27.0%	33.1%

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

Concentration

Weight in the 10 largest Holdings

DFIS3.3%
IEUS5.2%

Securities held

DFIS3,488
IEUS841

Asset class

DFIS: Equity
IEUS: Equity

Holdings

Only in DFIS2,843
In both645
Only in IEUS196

Only in DFIS

2,843 securities, 63.6% 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%
Brenntag SE0.28%
Akzo Nobel NV0.28%
Capital Power Corp0.27%
Namura Shipbuilding Co Lt0.27%
Belimo Holding AG0.27%
Shibaura Mechatronics Cor0.26%
Canadian Tire Corp Ltd0.26%
Zalando SE0.26%
Kesko Oyj0.24%
Helvetia Baloise Holding0.24%
Carrefour SA0.24%
Symrise AG0.24%
Hudbay Minerals Inc0.23%
Ssr Mining Inc0.23%
Eurofins Scientific0.22%
Accor SA0.22%
Kingfisher PLC0.22%
Swatch Group Ag/The0.22%
Fresenius Medical Care AG0.22%
Indra Sistemas SA0.21%
Evonik Industries AG0.21%
Tamarack Valley Energy Lt0.21%
Hensoldt AG0.20%
Colliers International Gr0.20%
Northland Power Inc0.20%
Oceanagold Corp0.20%
Mitsubishi Materials Corp0.20%
Alstom SA0.20%
Bawag Group AG0.20%
Italgas Spa0.19%
Blackberry Limited0.19%
Logitech International SA0.18%
Centerra Gold Inc0.18%
Stora Enso Oyj0.18%
Mda Space Ltd0.18%
Athabasca Oil Corp0.18%
Eldorado Gold Corp0.18%
Capstone Copper Corp0.18%
Open Text Corp0.18%
North Pacific Bank Ltd0.17%

Only in IEUS

196 securities, 21.7% of IEUS by weight

Weir PLC0.58%
Storebrand0.53%
Frontline PLC0.53%
Subsea0.51%
Aedifica NV0.42%
Icg PLC0.41%
Getinge B0.39%
British Land Reit0.38%
Ssab Class B0.37%
Aberdeen Group PLC0.35%
Londonmetric Property Reit PLC0.35%
Merlin Properties Reit0.35%
Metlen Energy & Metals PLC0.35%
Sparebank Sr-Norge0.33%
Tritax Big Box Reit PLC0.31%
Mycronic0.30%
Nordnet0.30%
Octave Intelligence Sdr PLC0.30%
Sectra Class B0.29%
Lagercrantz Group Class B0.29%
Avanza Bank Holding0.28%
Castellum0.27%
Warehouses De Pauw NV0.26%
Entain PLC0.26%
Kbc Ancora NV0.26%
Rosebank Industries PLC0.25%
Vend Marketplaces Asa0.24%
Sagax Class B0.23%
Nordic Semiconductor0.22%
Fastighets Balder Class B0.21%
Harbour Energy PLC0.21%
Aak0.21%
Bachem Holding AG0.21%
Quilter PLC0.21%
Comet Holding AG0.20%
Axfood0.20%
Primary Health Properties Reit PLC0.20%
Shaftesbury Capital Reit PLC0.19%
Sparebank Smns0.19%
Sweco Class B0.19%
Unite Group Reit PLC0.18%
Aker0.18%
Asmodee Group Class B0.18%
Camurus0.18%
Hammerson Reit PLC0.18%
Derwent London Reit PLC0.17%
Kongsberg Maritime0.17%
Protector Forsikring0.16%
Bakkafrost0.16%
Wendel0.15%

Weight gaps

The 100 widest of 645 Holdings in both funds.

Holding weights in DFIS and IEUS, widest gap first
Holding	More in DFISMore in IEUS	DFIS	IEUS
Imi PLCIMI.L	IEUS +0.43 points	0.16%	0.59%
St James's Place PLCSTJ.L	IEUS +0.37 points	0.09%	0.46%
Wpp PLCWPP.L	IEUS +0.37 points	0.01%	0.38%
Al Sydbank	IEUS +0.32 points	0.15%	0.47%
SCOUT24 AG	IEUS +0.32 points	0.11%	0.43%
Nkt A/S	IEUS +0.31 points	0.12%	0.43%
Barratt Redrow PLCBTRW.L	IEUS +0.29 points	0.08%	0.37%
Psp Swiss Property AG	IEUS +0.29 points	0.26%	0.55%
Dcc Energy PLCDCC.L	IEUS +0.28 points	0.19%	0.47%
Croda International PLCCRDA.L	IEUS +0.28 points	0.13%	0.41%
Rightmove PLCRMV.L	IEUS +0.26 points	0.07%	0.33%
Autotrader Group PLCAUTO.L	IEUS +0.26 points	0.10%	0.36%
Investec PLCINVP.L	IEUS +0.24 points	0.06%	0.30%
Loomis Ab	IEUS +0.25 points	<0.01%	0.25%
Spie SA	IEUS +0.23 points	0.24%	0.47%
Howden Joinery Group PLCHWDN.L	IEUS +0.23 points	0.15%	0.38%
Alk-Abello A/S	IEUS +0.24 points	0.08%	0.32%
Accelleron Industries Ltd	IEUS +0.23 points	0.24%	0.47%
Convatec Group PLCCTEC.L	IEUS +0.23 points	0.13%	0.36%
Whitbread PLCWTB.L	IEUS +0.23 points	0.16%	0.39%
Georg Fischer AG	IEUS +0.23 points	0.12%	0.35%
Iss A/S	IEUS +0.23 points	0.14%	0.37%
Gaztransport Et Technigaz	IEUS +0.22 points	0.27%	0.49%
Games Workshop Group PLCGAW.L	IEUS +0.22 points	0.23%	0.45%
Jyske Bank A/S	IEUS +0.23 points	0.17%	0.40%
Soitec	IEUS +0.22 points	<0.01%	0.22%
Andritz AG	IEUS +0.22 points	0.16%	0.38%
Lottomatica Group Spa	IEUS +0.22 points	0.21%	0.43%
Zegona Communications PLCZEG.L	IEUS +0.22 points	0.04%	0.26%
Hiscox LtdHSX.L	IEUS +0.22 points	0.30%	0.52%
Ringkjoebing Landbobank A	IEUS +0.22 points	0.17%	0.39%
Sig Combibloc Group AG	IEUS +0.21 points	0.11%	0.32%
Rs Group PLC	IEUS +0.20 points	0.12%	0.32%
Mondi PLCMNDI.L	IEUS +0.20 points	0.09%	0.29%
Balfour Beatty PLCBBY.L	IEUS +0.19 points	0.16%	0.35%
Konecranes Oyj	IEUS +0.20 points	0.16%	0.36%
Ackermans & Van Haaren NV	IEUS +0.20 points	0.21%	0.41%
Edenred	IEUS +0.20 points	0.18%	0.38%
Cts Eventim AG & Co Kgaa	IEUS +0.19 points	0.08%	0.27%
Glanbia PLC	IEUS +0.19 points	0.12%	0.31%
Rotork PLCROR.L	IEUS +0.19 points	0.16%	0.35%
Galenica AG	IEUS +0.18 points	0.16%	0.34%
Burberry Group PLCBRBY.L	IEUS +0.18 points	0.15%	0.33%
Persimmon PLCPSN.L	IEUS +0.18 points	0.17%	0.35%
Aalberts NV	IEUS +0.18 points	0.11%	0.29%
Azelis Group NV	IEUS +0.17 points	0.03%	0.20%
Mitie Group PLCMTO.L	IEUS +0.17 points	0.04%	0.22%
Adecco Group AG	IEUS +0.17 points	0.14%	0.31%
AUTO1 Group SE	IEUS +0.17 points	<0.01%	0.17%
Nordex SE	IEUS +0.16 points	0.19%	0.35%
Imcd NV	IEUS +0.16 points	0.26%	0.42%
Easyjet PLCEZJ.L	IEUS +0.17 points	0.01%	0.18%
Tecan Group AG	IEUS +0.16 points	0.08%	0.24%
Reply Spa	IEUS +0.17 points	0.05%	0.22%
Nexi Spa	IEUS +0.16 points	0.04%	0.20%
Aixtron SE	IEUS +0.16 points	0.10%	0.26%
Scor SE	IEUS +0.16 points	0.22%	0.38%
Renishaw PLCRSW.L	IEUS +0.15 points	<0.01%	0.16%
Technip Energies NV	IEUS +0.15 points	0.17%	0.32%
Taylor Wimpey PLCTW.L	IEUS +0.15 points	0.09%	0.24%
Interpump Group Spa	IEUS +0.16 points	0.05%	0.21%
Valmet Oyj	IEUS +0.15 points	0.14%	0.29%
Nexans SA	IEUS +0.15 points	0.17%	0.32%
Voestalpine AG	IEUS +0.15 points	0.17%	0.32%
Arcadis NV	IEUS +0.15 points	0.07%	0.22%
Berkeley Group Holdings PBKG.L	IEUS +0.15 points	0.12%	0.27%
Ig Group Holdings PLCIGG.L	IEUS +0.14 points	0.12%	0.26%
De' Longhi Spa	IEUS +0.14 points	0.07%	0.21%
Enagas SA	IEUS +0.15 points	0.12%	0.27%
Dksh Holding AG	IEUS +0.14 points	0.07%	0.21%
Lion Finance Group PLCBGEO.L	IEUS +0.14 points	0.23%	0.37%
Leg Immobilien SE	IEUS +0.14 points	0.13%	0.27%
Thyssenkrupp AG	IEUS +0.14 points	0.29%	0.43%
Saipem Spa	IEUS +0.13 points	0.29%	0.42%
Arkema SA	IEUS +0.13 points	0.10%	0.23%
Temenos AG	IEUS +0.13 points	0.17%	0.30%
Swissquote Group Holding	IEUS +0.13 points	0.18%	0.31%
Hikma Pharmaceuticals PLCHIK.L	IEUS +0.12 points	0.10%	0.22%
Flughafen Zurich AG	IEUS +0.13 points	0.18%	0.31%
Hera Spa	IEUS +0.12 points	0.09%	0.21%
Bravida Holding Ab	IEUS +0.13 points	0.08%	0.21%
Unicaja Banco SA	IEUS +0.13 points	0.12%	0.25%
Sunrise Communications AG	IEUS +0.12 points	0.10%	0.22%
Johnson MattheyJMAT.L	IEUS +0.12 points	0.14%	0.26%
Sinch Ab	IEUS +0.12 points	0.03%	0.15%
Grifols SA	IEUS +0.12 points	0.08%	0.20%
Hexpol Ab	IEUS +0.12 points	0.03%	0.15%
Rockwool A/S	IEUS +0.12 points	0.06%	0.18%
Kion Group AG	IEUS +0.12 points	0.05%	0.17%
Puma SE	IEUS +0.12 points	0.07%	0.19%
Siegfried Holding AG	IEUS +0.12 points	0.10%	0.22%
Thule Group Ab	IEUS +0.12 points	0.02%	0.14%
Banca Generali Spa	IEUS +0.12 points	0.12%	0.24%
Tgs Asa	IEUS +0.12 points	0.08%	0.20%
Cembra Money Bank AG	IEUS +0.12 points	0.09%	0.21%
Cmb Tech NV	IEUS +0.12 points	0.01%	0.13%
Wienerberger AG	IEUS +0.12 points	<0.01%	0.13%
Fdj United	IEUS +0.12 points	0.05%	0.17%
Cranswick PLCCWK.L	IEUS +0.12 points	0.13%	0.25%
Allfunds Group PLC	IEUS +0.11 points	0.08%	0.19%

All 3,463 DFIS holdings⁠All 839 IEUS 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 IEUS Cost

Overpaying IEUS vs DFIS

$383

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

DFIS 0.39%
$7,898
IEUS 0.41%
$8,281

Amount$10,000

Years30 years

Cost over time

DFIS 0.39%
IEUS 0.41%
Overpaying

Year by year

Year	DFIS	IEUS	Overpaying
10	$705	$741	$36
20	$2,725	$2,860	$135
30	$7,898	$8,281	$383

Expense ratio

0.39%DFIS, cheaper
0.41%IEUS

DFIS0.39%IEUS0.41%

0.06%0.83%

Middle half of International Small-Cap funds
Median 0.44%

DFIS 4th cheapest of 16 funds

IEUS 8th cheapest of 16 funds

DFIS vs IEUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFIS 2.23%; IEUS 3.20%, better
Payout (12M): DFIS $0.79; IEUS $2.26
Last payment: DFIS $0.19; IEUS $1.44
Ex-dividend: DFIS Sep 22, 2026; IEUS Jun 15, 2026
Paid on: DFIS Sep 24, 2026; IEUS Jun 18, 2026
Frequency: DFIS Quarterly; IEUS Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

DFISQuarterly · 18 paymentsAll DFIS payments⁠

IEUSTwice a year · 20 paymentsAll IEUS payments⁠

DFIS vs IEUS 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%, betterIEUS 16.3%
Return per unit of riskSharpe ratio, 3 years: DFIS 1.20, betterIEUS 0.85
Worst fallMax drawdown, 5 years: DFIS −27.2%since Mar 2022IEUS −43.3%
Market sensitivityBeta, 5 years: DFIS 0.98IEUS 1.00; Market = 1

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