DFIV vs DSTX: Grades, Fees and Holdings Compared

Dimensional International Value ETF

DFIVANYSE Arca

Distillate International Fundamental Stability & Value ETF

DSTXCNYSE

Overlap

6.3%by weight

Expense ratio

DFIV −0.28pt a year

DFIV0.27%DSTX0.55%

Avg volume · 30D

DFIV 111.3×the volume

DFIV1.29MDSTX11.6K

5Y return · a year

DFIV +5.5pt

DFIV+15.2%DSTX+9.7%

DFIV vs DSTX Performance

Nov 9, 2021 – Nov 9, 2026

+103.0%DFIV+58.6%DSTX

Expense ratio: DFIV 0.27%, better; DSTX 0.55%
Fund size: DFIV $22B; DSTX $73M
1Y total return: DFIV +25.3%, better; DSTX +23.0%
Yield (12M): DFIV 2.73%; DSTX 2.96%, better
Holdings: DFIV 646; DSTX 104
Avg volume (30D): DFIV 1.29M sh, better; DSTX 11.6K sh
NAV per share: DFIV $55.63; DSTX $35.53
52W range

ETF.net Grade

Pillar letters and Scores for DFIV, DSTX, with each pillar’s weight
Pillar	DFIV	DSTX
Cost30% weight	A71Higher	F12
Mission25% weight	A88Higher	A79
Risk15% weight	B63Higher	C44
Tradability15% weight	A84Higher	F20
Holdings10% weight	B68Higher	C50
Durability5% weight	A79Higher	D34

Rank among International Value Index funds

How we build Categories ›

Same Category. DFIV and DSTX 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 DSTX 11th of 12 funds in the International Value Index Category.

Rank 1ADFIVDimensional International Value ETFScore 75
Rank 2BEFViShares MSCI EAFE Value ETFScore 69
Rank 10CAVNVAvantis All International Markets Value ETF 9Score 42
Rank 11CDSTXDistillate International Fundamental Stability & Value ETFScore 39
Rank 12DIVALAlpha Architect International Quantitative Value ETFScore 32

Our read on each fund

ETF.net Research

DFIVADimensional International Value ETF

DSTXCDistillate International Fundamental Stability & 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.

DSTX Value with a cash-flow lens: DSTX screens large non-US companies for stable cash flow and low debt, then owns the roughly 100 cheapest on free cash flow yield. Weighting follows cash generated, not market cap.

Stated mandate

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

DSTX The Fund seeks to track the performance of the Distillate International Fundamental Stability & Value Index.

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.

DSTX Value here means free cash flow yield measured against enterprise value, not price-to-book, with profitability, debt and cash-flow-stability screens applied first.distillatecapital.com distillatecapital.com 2
Positions are weighted by free cash flow generation and rebalanced quarterly, so a holding's size tracks the cash it throws off rather than its market price.distillatecapital.com
Concentrated on purpose: about 100 large and mid-cap names from developed and emerging markets, with distributions paid quarterly.distillatecapital.com

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

DSTX At 0.55%, it carries a higher fee than the typical international value fund; FIVA (0.18%) and EWJV (0.15%) run the same factor for a fraction of that.
One of the lighter-traded funds in its peer group, so the bid-ask spread matters more here than with the category's index heavyweights.
A manager's proprietary cash-flow model drives selection, and roughly 100 stocks can leave the portfolio looking little like a broad EAFE benchmark.distillatecapital.com

Full DFIV profile⁠

Full DSTX profile⁠

DFIV vs DSTX Holdings

How DFIV and DSTX differ

Overlap by weight

6.3%

Shared holdings make up 34.8% of DSTX and 6.3% of DFIV.

Level by level

Holdings34 in both6.3%
Sector11 Sectors62.1%
Countryby domicile67.2%
Asset classStocks100%

Sector

Sector weights in DFIV and DSTX, widest gap first
Sector	Gap	DFIV	DSTX
Financials	DFIV +26.7 points	32.6%	5.9%
Technology	DSTX +13.7 points	2.2%	15.9%
Communication	DSTX +8.0 points	3.9%	11.9%
Energy	DFIV +7.4 points	16.3%	8.9%
Health Care	DSTX +5.8 points	6.2%	12.0%
Consumer Discretionary	DSTX +4.1 points	9.4%	13.5%
Industrials	DSTX +2.9 points	9.6%	12.5%
Materials	DSTX +2.8 points	10.6%	13.3%
Utilities	DFIV +2.0 points	2.0%	0.0%
Real Estate	DFIV +1.8 points	1.8%	0.0%
Consumer Staples	DSTX +0.7 points	5.4%	6.1%

Country, concentration and asset class

Country by domicile

Country weights in DFIV and DSTX, widest gap first
Country	Gap	DFIV	DSTX
China	DSTX +9.2 points	0.2%	9.4%
United Kingdom	DFIV +7.3 points	13.2%	5.9%
Switzerland	DFIV +6.6 points	9.0%	2.4%
Germany	DFIV +4.9 points	8.6%	3.7%
Japan	DFIV +3.9 points	22.5%	18.6%
Australia	DFIV +3.7 points	5.6%	1.9%
South Africa	DSTX +3.6 points	0.0%	3.6%
South Korea	DSTX +3.4 points	0.0%	3.4%
Other countries (24)	DSTX +10.4 points	40.9%	51.3%

Outside the US: DFIV 99% developed, 1% emerging. DSTX 73% developed, 27% emerging.

Concentration

Weight in the 10 largest Holdings

DFIV15.9%
DSTX17.7%

Securities held

DFIV631
DSTX103

Asset class

DFIV: Stocks
DSTX: Stocks

Holdings

Only in DFIV597
In both34
Only in DSTX69

Only in DFIV

597 securities, 93.6% 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%
Shell PLC1.05%
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%
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%
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%
Bank of Montreal0.49%

Only in DSTX

69 securities, 64.9% of DSTX by weight

America Movil SAB de CV2.25%
Canadian Nat Res Ltd1.83%
NetEase Inc1.70%
Roche Holding AG1.55%
Tokio Marine Holdings Inc1.51%
London Stock Exchange Group PLC1.46%
Constellation Software Inc/Canada1.40%
Ucb SA1.38%
JD.com Inc1.33%
Infosys Ltd1.31%
Aluminum Corp of China Ltd1.30%
Dassault Systemes SE1.23%
Geely Automobile Holdings Ltd1.21%
China Coal Energy Co Ltd1.18%
Kia Corp1.18%
Wolters Kluwer NV1.16%
Bandai Namco Holdings Inc1.13%
JD Health International Inc1.12%
Wipro Ltd1.11%
MTN Group Ltd1.10%
Gold Fields Ltd1.05%
Eqt Ab1.03%
Astellas Pharma Inc1.02%
PRIO SA/Brazil0.96%
Sea Ltd0.92%
Zalando SE0.90%
Partners Group Holding AG0.90%
Adyen NV0.89%
JD Logistics Inc0.89%
Mowi ASA0.87%
Nexi SpA0.87%
Bureau Veritas SA0.86%
TISI Inc0.85%
Euronext NV0.85%
Kinross Gold Corp0.85%
Harmony Gold Mining Co Ltd0.85%
Shenzhou International Group Holdings Ltd0.85%
Essity AB0.84%
TIM SA/Brazil0.84%
Telefonica Brasil SA0.83%
Buzzi SpA0.83%
Bunzl PLC0.81%
Nitto Denko Corp0.81%
Open Text Corp0.81%
Krafton Inc0.81%
Telkom Indonesia Persero Tbk PT0.81%
Imcd NV0.80%
Eva Airways Corp0.80%
GEA Group AG0.79%
Secom Co Ltd0.79%

Weight gaps

All 34 Holdings in both funds, largest gap first.

Holding weights in DFIV and DSTX, widest gap first
Holding	Gap	DFIV	DSTX
British American TobaccoBTI	DSTX +2.05 points	0.07%	2.12%
Sanofi	DSTX +1.78 points	0.36%	2.14%
Suncor Energy Inc	DSTX +1.48 points	0.23%	1.71%
Vinci SA	DSTX +1.42 points	<0.01%	1.42%
Cgi Inc	DSTX +1.12 points	<0.01%	1.12%
Genmab A/S	DSTX +1.04 points	0.31%	1.35%
Universal Music Group NV	DSTX +1.04 points	0.08%	1.12%
Capgemini SE	DSTX +0.99 points	0.19%	1.18%
Nippon Paint Holdings Co	DSTX +0.96 points	0.07%	1.03%
Publicis Groupe SA	DSTX +0.94 points	0.23%	1.17%
Bridgestone Corp	DSTX +0.93 points	0.25%	1.18%
Shionogi & Co Ltd	DSTX +0.88 points	0.07%	0.95%
Evolution Mining Ltd	DSTX +0.85 points	<0.01%	0.85%
Aker Bp Asa	DSTX +0.85 points	0.13%	0.98%
Matsukiyococokara & Co	DSTX +0.83 points	0.01%	0.84%
Ipsen SA	DSTX +0.80 points	<0.01%	0.81%
Neste Oyj	DSTX +0.76 points	<0.01%	0.77%
Denso Corp	DSTX +0.73 points	0.22%	0.95%
Dcc Energy PLCDCC.L	DSTX +0.71 points	0.01%	0.72%
Rio Tinto Ltd	DSTX +0.67 points	0.34%	1.01%
Aisin Corp	DSTX +0.68 points	0.16%	0.84%
Norsk Hydro Asa	DSTX +0.66 points	0.06%	0.72%
Suntory Beverage & Food L	DSTX +0.65 points	0.09%	0.74%
Beiersdorf AG	DSTX +0.61 points	0.12%	0.73%
Nice LtdNICE	DSTX +0.61 points	<0.01%	0.61%
Heidelberg Materials AG	DSTX +0.56 points	0.67%	1.23%
Magna International IncMGA	DSTX +0.56 points	0.24%	0.80%
Ono Pharmaceutical Co Ltd	DSTX +0.56 points	0.13%	0.69%
Eiffage SA	DSTX +0.55 points	0.18%	0.73%
Bouygues SA	DSTX +0.53 points	0.32%	0.85%
Suzuki Motor Corp	DSTX +0.49 points	0.32%	0.81%
Whitecap Resources Inc	DSTX +0.44 points	0.35%	0.79%
Cie De Saint-Gobain	DSTX +0.41 points	0.78%	1.19%
Boliden Ab	DSTX +0.36 points	0.30%	0.66%

All 557 DFIV holdings⁠All 95 DSTX 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 DSTX Cost

Overpaying DSTX vs DFIV

$5,347

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

DFIV 0.27%
$5,557
DSTX 0.55%
$10,904

Amount$10,000

Years30 years

Cost over time

DFIV 0.27%
DSTX 0.55%
Overpaying

Year by year

Year	DFIV	DSTX	Overpaying
10	$491	$988	$497
20	$1,907	$3,790	$1,883
30	$5,557	$10,904	$5,347

Expense ratio

0.27%DFIV, cheaper
0.55%DSTX

DFIV0.27%DSTX0.55%

0.08%0.65%

Middle half of International Value Index funds
Median 0.31%

DFIV 4th cheapest of 12 funds

DSTX 11th cheapest of 12 funds

DFIV vs DSTX Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DFIV 2.73%; DSTX 2.96%, better
Payout (12M): DFIV $1.56; DSTX $1.07
Last payment: DFIV $0.28; DSTX $0.15
Ex-dividend: DFIV Sep 22, 2026; DSTX Sep 24, 2026
Paid on: DFIV Sep 24, 2026; DSTX Sep 25, 2026
Frequency: DFIV Quarterly; DSTX Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

DFIVQuarterly · 21 paymentsAll DFIV payments⁠

DSTXQuarterly · 24 paymentsAll DSTX payments⁠

DFIV vs DSTX Risk

Fall from peak · 5 years

DFIV
DSTX

Risk facts

VolatilityStd dev, 3 years: DFIV 11.4%, betterDSTX 13.7%
Return per unit of riskSharpe ratio, 3 years: DFIV 1.72, betterDSTX 1.22
Worst fallMax drawdown, 5 years: DFIV −25.4%, betterDSTX −30.4%
Market sensitivityBeta, 5 years: DFIV 0.80DSTX 0.97; Market = 1

DFIV and DSTX 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 DSTX

In short

Stated mandate

Why people hold it

Worth knowing

How DFIV and DSTX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIV

Only in DSTX

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 DSTX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIV

Only in DSTX

Weight gaps