DFIV vs DISV: Grades, Fees and Holdings Compared

Dimensional International Value ETF

DFIVANYSE Arca

Dimensional International Small Cap Value ETF

DISVBCboe

Overlap

3.6%by weight

Expense ratio

DFIV −0.15pt a year

DFIV0.27%DISV0.42%

Avg volume · 30D

DFIV 3.9×the volume

DFIV1.29MDISV330K

3Y return · a year

DFIV +0.3pt

DFIV+26.0%DISV+25.7%

DFIV vs DISV Performance

Nov 7, 2025 – Nov 9, 2026

+25.3%DFIV+23.8%DISV

Expense ratio: DFIV 0.27%, better; DISV 0.42%
Fund size: DFIV $22B; DISV $5.01B
1Y total return: DFIV +25.3%, better; DISV +23.8%
Yield (12M): DFIV 2.73%, better; DISV 2.66%
Holdings: DFIV 646; DISV 1638
Avg volume (30D): DFIV 1.29M sh, better; DISV 330K sh
NAV per share: DFIV $55.63; DISV $41.55
52W range

ETF.net Grade

Pillar letters and Scores for DFIV, DISV, with each pillar’s weight
Pillar	DFIV	DISV
Cost30% weight	A71Higher	F21
Mission25% weight	A88	A100Higher
Risk15% weight	B63Higher	B56
Tradability15% weight	A84Higher	A71
Holdings10% weight	B68	A87Higher
Durability5% weight	A79Higher	C53

Rank among International Value Index funds

How we build Categories ›

Same Category. DFIV and DISV are both graded against the same 12 International Value Index funds, so their Grades compare head to head.

International Value Index⁠

Category · 12 funds

See all 12 ›

DFIV ranks 1st and DISV 6th of 12 funds in the International Value Index Category.

Rank 1ADFIVDimensional International Value ETFScore 75
Rank 2BEFViShares MSCI EAFE Value ETFScore 69
Rank 5BISVLiShares International Developed Small Cap Value Factor ETFScore 62
Rank 6BDISVDimensional International Small Cap Value ETFScore 61
Rank 6BFIVAFidelity International Value Factor ETFScore 61

Our read on each fund

ETF.net Research

DFIVADimensional International Value ETF

DISVBDimensional International Small Cap Value ETF

In short

DFIV A 1999-vintage Dimensional tax-managed strategy that swapped its mutual fund wrapper for an ETF in 2021. It buys cheap large-cap stocks across developed markets outside the US, with tax minimization written into the objective itself.

DISV No data

Stated mandate

DFIV The ETF seeks long-term capital appreciation while minimizing federal income taxes on returns.

DISV No data

Why people hold it

DFIV Tax awareness sits in the mandate, not the marketing: the stated objective is long-term capital appreciation while minimizing federal income taxes on returns.sec.gov
At 0.27% a year it undercuts the typical international value fund, so an active, judgment-driven portfolio comes at index-adjacent pricing.
Broad by design: roughly 600 large developed ex-US names screened on low price relative to book, with room to tilt toward smaller and more profitable companies.sec.gov
Priced below EFV, the other heavyweight in developed-markets value, and one of the strongest implementations in this peer group.

DISV No data

Worth knowing

DFIV Value only, developed only: no US stocks, no emerging markets. Stretches where it looks nothing like a broad international index can run for years.sec.gov
Actively managed with no published index to check it against. Dimensional decides what counts as a cheap stock and when to trade it.sec.gov
The 1999 start date belongs to the Tax-Managed DFA International Value mutual fund, which became this ETF in a 2021 reorganization.sec.gov

DISV No data

Full DFIV profile⁠

Full DISV profile⁠

DFIV vs DISV Holdings

How DFIV and DISV differ

Overlap by weight

3.6%

Shared holdings make up 22.1% of DISV and 6.9% of DFIV.

Level by level

Holdings137 in both3.6%
Sector11 Sectors71.7%
Countryby domicile88.3%
Asset classStocks100%

Sector

Sector weights in DFIV and DISV, widest gap first
Sector	Gap	DFIV	DISV
Financials	DFIV +15.8 points	32.6%	16.8%
Industrials	DISV +9.4 points	9.6%	19.0%
Energy	DFIV +8.7 points	16.3%	7.6%
Consumer Discretionary	DISV +8.3 points	9.4%	17.6%
Materials	DISV +7.9 points	10.6%	18.5%
Health Care	DFIV +1.9 points	6.2%	4.3%
Communication	DFIV +1.3 points	3.9%	2.6%
Technology	DISV +1.2 points	2.2%	3.4%
Real Estate	DISV +1.1 points	1.8%	2.9%
Consumer Staples	DFIV +0.5 points	5.4%	4.9%
Utilities	DISV +0.5 points	2.0%	2.5%

Country, concentration and asset class

Country by domicile

Country weights in DFIV and DISV, widest gap first
Country	Gap	DFIV	DISV
Japan	DISV +4.3 points	22.5%	26.8%
France	DFIV +2.6 points	8.3%	5.7%
Canada	DISV +2.0 points	10.1%	12.1%
Switzerland	DFIV +1.9 points	9.0%	7.1%
Germany	DFIV +1.9 points	8.6%	6.7%
Netherlands	DFIV +1.9 points	4.3%	2.4%
Finland	DISV +1.7 points	0.7%	2.4%
Spain	DFIV +1.3 points	3.3%	2.0%
Other countries (19)	DISV +1.6 points	33.3%	34.9%

Outside the US: DFIV 99% developed, 1% emerging. DISV 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

DFIV15.9%
DISV7.2%

Securities held

DFIV631
DISV1,624

Asset class

DFIV: Stocks
DISV: Stocks

Holdings

Only in DFIV494
In both137
Only in DISV1,487

Only in DFIV

494 securities, 92.9% of DFIV by weight

Shell PLC3.50%
Totalenergies SE2.19%
Toyota Motor Corp1.99%
Banco Santander SA1.62%
Basf SE1.29%
Bayer AG1.16%
Zurich Insurance Group AG1.07%
Toronto-Dominion Bank1.04%
Hsbc Holdings PLC1.02%
Swiss Re AG1.01%
Bp PLC0.97%
Repsol SA0.92%
Sumitomo Mitsui Financial0.92%
Lloyds Banking Group PLC0.87%
Suncor Energy Inc.0.87%
Eni Spa0.86%
Societe Generale SA0.85%
Holcim Ltd0.83%
Koninklijke Ahold Delhaiz0.79%
Cie De Saint-Gobain0.78%
Orange SA0.74%
Cie Financiere Richemont0.70%
Fairfax Financial Holding0.70%
Westpac Banking Corp0.69%
Bnp Paribas SA0.68%
Takeda Pharmaceutical Co0.68%
Engie SA0.68%
British American Tobacco0.68%
Heidelberg Materials AG0.67%
Ing Groep NV0.67%
Novartis AG Adr0.66%
Hsbc Holdings PLC0.62%
Swiss Life Holding AG0.61%
Lonza Group AG0.60%
Standard Chartered PLC0.60%
Nutrien Ltd0.57%
Bank of Nova Scotia/The0.56%
Glencore PLC0.56%
Natwest Group PLC0.55%
E.on SE0.55%
Abn Amro Bank NV0.54%
Dhl AG0.54%
Cenovus Energy Inc0.53%
Nn Group NV0.53%
National Australia Bank L0.53%
Deutsche Telekom AG0.52%
Daimler Truck Holding AG0.51%
Bank of Montreal0.51%
Michelin0.50%
Ubs Group AG0.50%

Only in DISV

1,487 securities, 77.6% of DISV by weight

B2GOLD Corp0.72%
Evonik Industries AG0.71%
Centerra Gold Inc0.69%
Persimmon PLC0.63%
Whitecap Resources Inc0.59%
Adecco Group AG0.57%
Swatch Group Ag/The0.53%
A2A Spa0.51%
Lion Finance Group PLC0.49%
Berkeley Group Holdings P0.47%
Bellway PLC0.47%
Voestalpine AG0.46%
Stora Enso Oyj0.45%
Tp Icap Group PLC0.45%
Sbm Offshore NV0.44%
Northland Power Inc0.44%
Hiscox Ltd0.44%
Scor SE0.43%
Peyto Exploration & Devel0.42%
Fortuna Silver Mines Inc0.42%
Valeo SA0.42%
Thyssenkrupp AG0.41%
Buzzi Unicem Spa0.40%
Aurubis AG0.40%
Tbc Bank Group PLC0.40%
Teleperformance0.38%
Arkema SA0.38%
Torex Resources Inc0.38%
Drax Group PLC0.37%
Enagas SA0.35%
Valiant Holding AG0.35%
Valmet Oyj0.35%
Vontobel Holding AG0.34%
Bank of Queensland Ltd0.33%
Johnson Matthey0.33%
Fraport AG Frankfurt Airp0.33%
Brenntag SE0.32%
Dic Corp0.32%
Clariant AG0.32%
Randstad NV0.32%
Unicaja Banco SA0.32%
Open Text Corp0.32%
Allreal Holding AG0.31%
Grafton Group PLC0.31%
Alps Alpine Co Ltd0.31%
Linamar Corp0.31%
Ube Corp0.31%
Mondi PLC0.30%
Aalberts NV0.30%
Baytex Energy Corp0.30%

Weight gaps

The 100 widest of 137 Holdings in both funds.

Holding weights in DFIV and DISV, widest gap first
Holding	Gap	DFIV	DISV
Shell PLCSHEL.L	DFIV +1.05 points	1.05%	<0.01%
Swiss Prime Site AG	DISV +0.92 points	0.02%	0.94%
Kingfisher PLCKGF.L	DISV +0.72 points	0.09%	0.81%
Syensqo SA	DISV +0.69 points	<0.01%	0.69%
Whitbread PLCWTB.L	DISV +0.63 points	<0.01%	0.64%
Eldorado Gold CorpEGO	DISV +0.61 points	<0.01%	0.61%
Fresenius Medical Care AG	DISV +0.57 points	0.10%	0.67%
Carrefour SA	DISV +0.53 points	0.14%	0.67%
Mitsubishi Materials Corp	DISV +0.53 points	0.03%	0.56%
Renault SA	DISV +0.50 points	0.07%	0.57%
Canadian Tire Corp Ltd	DISV +0.45 points	0.05%	0.50%
Barrick Mining CorpB	DFIV +0.44 points	0.47%	0.03%
Capstone Copper Corp	DISV +0.41 points	<0.01%	0.41%
Alstom SA	DISV +0.41 points	<0.01%	0.41%
Taylor Wimpey PLCTW.L	DISV +0.39 points	<0.01%	0.39%
Nishi-Nippon Financial Ho	DISV +0.38 points	<0.01%	0.38%
Aegon LtdAEG	DISV +0.37 points	0.04%	0.41%
Ansell Ltd	DISV +0.32 points	0.01%	0.33%
Asr Nederland NV	DFIV +0.31 points	0.33%	0.02%
Hirogin Holdings Inc	DISV +0.30 points	<0.01%	0.30%
Al Sydbank	DISV +0.30 points	0.02%	0.32%
Nsk Ltd	DISV +0.28 points	<0.01%	0.28%
Amp Ltd	DISV +0.27 points	<0.01%	0.28%
Toyoda Gosei Co Ltd	DISV +0.26 points	0.02%	0.28%
Lixil Corp	DISV +0.27 points	0.01%	0.28%
Daishi Hokuetsu Financial	DISV +0.24 points	<0.01%	0.24%
Barratt Redrow PLCBTRW.L	DISV +0.24 points	<0.01%	0.24%
Sumitomo Heavy Industries	DISV +0.23 points	0.06%	0.29%
Sumitomo Rubber Industrie	DISV +0.23 points	0.03%	0.26%
Kyushu Financial Group In	DISV +0.23 points	0.01%	0.24%
Ia Financial Corp Inc	DFIV +0.22 points	0.23%	0.02%
Toyo Tire Corp	DISV +0.22 points	0.05%	0.27%
Kuraray Co Ltd	DISV +0.21 points	0.05%	0.26%
Jtekt Corp	DISV +0.21 points	0.04%	0.25%
Rockwool A/S	DISV +0.20 points	0.02%	0.22%
J Sainsbury PLCSBRY.L	DFIV +0.20 points	0.20%	<0.01%
New Hope Corp Ltd	DISV +0.20 points	<0.01%	0.20%
Empire Co Ltd	DISV +0.19 points	0.06%	0.25%
H Lundbeck A/S	DISV +0.19 points	0.02%	0.21%
Hang Lung Properties Ltd	DISV +0.19 points	0.01%	0.20%
Iwatani Corp	DISV +0.19 points	0.01%	0.20%
Nagase & Co Ltd	DISV +0.19 points	<0.01%	0.19%
City Developments Ltd	DISV +0.18 points	<0.01%	0.18%
Challenger Ltd	DISV +0.17 points	0.05%	0.22%
Alfresa Holdings Corp	DISV +0.16 points	0.01%	0.17%
Upm-Kymmene Oyj	DISV +0.15 points	0.07%	0.22%
Yamaguchi Financial Group	DISV +0.15 points	0.02%	0.17%
Poste Italiane Spa	DFIV +0.16 points	0.21%	0.05%
Alleima Ab	DISV +0.15 points	<0.01%	0.15%
Sinch Ab	DISV +0.15 points	0.02%	0.17%
Bank of East Asia Ltd/The	DISV +0.15 points	<0.01%	0.15%
Oil Refineries Ltd	DISV +0.15 points	<0.01%	0.15%
Whitehaven Coal Ltd	DISV +0.14 points	0.10%	0.24%
AvivaAV.L	DISV +0.15 points	<0.01%	0.15%
Suzuken Co Ltd/Aichi Japa	DISV +0.14 points	0.02%	0.16%
Jyske Bank A/S	DISV +0.14 points	0.05%	0.19%
Cleanaway Waste Managemen	DISV +0.14 points	0.04%	0.18%
Investec PLCINVP.L	DISV +0.13 points	0.03%	0.16%
Taiheiyo Cement Corp	DISV +0.12 points	0.05%	0.17%
Toyota Boshoku Corp	DISV +0.12 points	<0.01%	0.13%
Julius Baer Group Ltd	DFIV +0.12 points	0.29%	0.17%
Seatrium Ltd	DISV +0.12 points	0.02%	0.14%
Nh Foods Ltd	DISV +0.12 points	0.05%	0.17%
Infroneer Holdings Inc	DISV +0.12 points	0.03%	0.15%
Mapfre SA	DISV +0.12 points	0.06%	0.18%
Uol Group Ltd	DISV +0.11 points	0.02%	0.13%
Sumco Corp	DFIV +0.11 points	0.11%	0.00%
Dyno Nobel Limited	DISV +0.11 points	0.05%	0.16%
Banque Cantonale Vaudoise	DISV +0.11 points	0.02%	0.13%
Dws Group Gmbh & Co Kgaa	DISV +0.11 points	0.02%	0.13%
Yamada Holdings Co Ltd	DISV +0.10 points	0.02%	0.12%
Mazda Motor Corp	DISV +0.09 points	0.13%	0.22%
Eiffage SA	DFIV +0.09 points	0.18%	0.09%
Helvetia Baloise Holding	DFIV +0.09 points	0.11%	0.02%
Altagas Ltd	DISV +0.09 points	0.11%	0.20%
Daicel Corp	DISV +0.09 points	<0.01%	0.09%
Aumovio SE	DISV +0.08 points	0.03%	0.11%
Hakuhodo Dy Holdings Inc	DISV +0.08 points	0.01%	0.09%
Dcc Energy PLCDCC.L	DISV +0.08 points	0.01%	0.09%
Nisshin Seifun Group Inc	DISV +0.07 points	0.03%	0.10%
Rexel SA	DFIV +0.07 points	0.09%	0.02%
Husqvarna Ab	DISV +0.06 points	<0.01%	0.07%
Swatch Group Ag/The	DISV +0.06 points	<0.01%	0.06%
77 Bank Ltd/The	DISV +0.06 points	<0.01%	0.07%
Aurizon Holdings Ltd	DISV +0.06 points	0.12%	0.18%
Iamgold CorpIAG	DISV +0.05 points	0.06%	0.11%
International Petroleum C	DISV +0.05 points	0.03%	0.08%
Tgs Asa	DISV +0.05 points	0.03%	0.08%
Takashimaya Co Ltd	DFIV +0.05 points	0.08%	0.03%
Mitsubishi Gas Chemical C	DFIV +0.05 points	0.07%	0.02%
Loomis Ab	DFIV +0.06 points	0.08%	0.02%
Toyo Seikan Group Holding	DISV +0.05 points	0.03%	0.08%
Peab Ab	DISV +0.04 points	0.02%	0.06%
Worley Ltd	DISV +0.04 points	0.04%	0.08%
Seino Holdings Co Ltd	DISV +0.04 points	0.02%	0.06%
Ramelius Resources Ltd	DFIV +0.04 points	0.04%	0.00%
Canal+ SadirCAN.L	DISV +0.05 points	<0.01%	0.05%
Iida Group Holdings Co Lt	DISV +0.04 points	<0.01%	0.05%
Genting Singapore Ltd	DFIV +0.04 points	0.04%	<0.01%
Aegon Ltd	DISV +0.04 points	0.02%	0.06%

All 557 DFIV holdings⁠All 1,489 DISV 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.

DFIV vs DISV Cost

Overpaying DISV vs DFIV

$2,915

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

DFIV 0.27%
$5,557
DISV 0.42%
$8,472

Amount$10,000

Years30 years

Cost over time

DFIV 0.27%
DISV 0.42%
Overpaying

Year by year

Year	DFIV	DISV	Overpaying
10	$491	$759	$268
20	$1,907	$2,927	$1,020
30	$5,557	$8,472	$2,915

Expense ratio

0.27%DFIV, cheaper
0.42%DISV

DFIV0.27%DISV0.42%

0.08%0.65%

Middle half of International Value Index funds
Median 0.31%

DFIV 4th cheapest of 12 funds

DISV 10th cheapest of 12 funds

DFIV vs DISV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DFIV 2.73%, better; DISV 2.66%
Payout (12M): DFIV $1.56; DISV $1.13
Last payment: DFIV $0.28; DISV $0.27
Ex-dividend: DFIV Sep 22, 2026; DISV Sep 22, 2026
Paid on: DFIV Sep 24, 2026; DISV Sep 24, 2026
Frequency: DFIV Quarterly; DISV Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

DFIVQuarterly · 21 paymentsAll DFIV payments⁠

DISVQuarterly · 18 paymentsAll DISV payments⁠

DFIV vs DISV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFIV 11.4%, betterDISV 13.7%
Return per unit of riskSharpe ratio, 3 years: DFIV 1.72, betterDISV 1.45
Worst fallMax drawdown, 5 years: DFIV −25.4%DISV −26.8%since Mar 2022
Market sensitivityBeta, 5 years: DFIV 0.80DISV 0.95; Market = 1

DFIV and DISV in the news

All news⁠

ETF Filings
American Century files a mutual-fund wrapper for Avantis international large-cap value
Sep 7, 2026DFIV

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DFIV vs DISV

In short

Stated mandate

Why people hold it

Worth knowing

How DFIV and DISV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIV

Only in DISV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

American Century files a mutual-fund wrapper for Avantis international large-cap value

How DFIV and DISV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIV

Only in DISV

Weight gaps