DFIV vs VDV: Grades, Fees and Holdings Compared

Dimensional International Value ETF

DFIVANYSE Arca

Vanguard Developed Markets Ex-US Value Index ETF

VDVBCboe

Overlap

38.7%by weight

Expense ratio

VDV −0.19pt a year

DFIV0.27%VDV0.08%

Avg volume · 30D

DFIV 161.7×the volume

DFIV1.28MVDV7.89K

DFIV vs VDV Performance

Jul 31, 2026 – Oct 30, 2026

−1.1%DFIV−0.5%VDV

Expense ratio: DFIV 0.27%; VDV 0.08%, better
Fund size: DFIV $22.1B; VDV $46M
1Y total return: DFIV +25.2%; VDV No data
Yield (12M): DFIV 2.77%; VDV No data
Holdings: DFIV 643; VDV 753
Avg volume (30D): DFIV 1.28M sh, better; VDV 7.89K sh
NAV per share: DFIV $56.38; VDV $76.23
52W range

ETF.net Grade

Pillar letters and Scores for DFIV, VDV, with each pillar’s weight
Pillar	DFIV	VDV
Cost30% weight	A71	A97Higher
Mission25% weight	A88	Not scored
Risk15% weight	B65Higher	B57
Tradability15% weight	A81Higher	F11
Holdings10% weight	B68	A77Higher
Durability5% weight	A79Higher	D25

Rank among International Value Index funds

How we build Categories ›

Same Category. DFIV and VDV 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 VDV 4th of 12 funds in the International Value Index Category.

Rank 1ADFIVDimensional International Value ETFScore 75
Rank 2AEFViShares MSCI EAFE Value ETFScore 73
Rank 3BEWJViShares MSCI Japan Value ETFScore 65
Rank 4BVDVVanguard Developed Markets Ex-US Value Index ETFScore 64
Rank 5BISVLiShares International Developed Small Cap Value Factor ETFScore 63

Our read on each fund

ETF.net Research

DFIVADimensional International Value ETF

VDVBVanguard Developed Markets Ex-US Value Index 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.

VDV No data

Stated mandate

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

VDV 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.

VDV 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

VDV No data

Full DFIV profile⁠

Full VDV profile⁠

DFIV vs VDV Holdings

How DFIV and VDV differ

Overlap by weight

38.7%

Shared holdings make up 65.5% of DFIV and 51.0% of VDV.

Level by level

Holdings340 in both38.7%
Countryby domicile84.7%
Asset classEquity100%

Sector

No Sector split for VDV.

Country, concentration and asset class

Country by domicile

Country weights in DFIV and VDV, widest gap first
Country	More in DFIVMore in VDV	DFIV	VDV
South Korea	VDV +9.8 points	0.0%	9.8%
United Kingdom	DFIV +3.4 points	13.5%	10.1%
Japan	VDV +2.2 points	22.5%	24.7%
Switzerland	DFIV +2.2 points	8.8%	6.6%
Germany	DFIV +2.1 points	8.3%	6.2%
France	DFIV +1.4 points	8.2%	6.8%
Canada	VDV +1.3 points	10.3%	11.6%
Netherlands	DFIV +1.4 points	4.3%	2.9%
Other countries (20)	DFIV +3.0 points	24.2%	21.2%

Outside the US: DFIV 99% developed, 1% emerging. VDV 89% developed, 11% emerging.

Concentration

Weight in the 10 largest Holdings

DFIV16.0%
VDV15.4%

Securities held

DFIV628
VDV739

Asset class

DFIV: Equity
VDV: Equity

Holdings

Only in DFIV288
In both340
Only in VDV399

Only in DFIV

288 securities, 34.4% of DFIV by weight

Shell PLC3.78%
Basf SE1.25%
Bp PLC1.09%
Toronto-Dominion Bank1.08%
Hsbc Holdings PLC1.00%
Sumitomo Mitsui Financial0.99%
Suncor Energy Inc.0.97%
Lloyds Banking Group PLC0.88%
Cie Financiere Richemont0.67%
Novartis AG Adr0.65%
Cenovus Energy Inc0.62%
Hsbc Holdings PLC0.61%
Natwest Group PLC0.59%
Standard Chartered PLC0.59%
Heidelberg Materials AG0.58%
Bank of Nova Scotia/The0.58%
National Australia Bank L0.56%
Nutrien Ltd0.54%
Mizuho Financial Group In0.52%
Bank of Montreal0.50%
Ubs Group AG0.48%
Bt Group PLC0.46%
Barrick Mining Corp0.44%
Bper Banca0.40%
Manulife Financial Corp0.36%
Unicredit Spa0.36%
Banco Santander SA0.34%
Genmab A/S0.33%
Asr Nederland NV0.32%
Bank of Ireland Group PLC0.30%
Sumitomo Mitsui Trust0.30%
Julius Baer Group Ltd0.29%
Commerzbank Ag-Tend0.28%
Bank Leumi Le-Israel Bm0.28%
Amrize Ltd0.28%
Skandinaviska Enskilda Ba0.27%
Ubs Group AG0.26%
Henkel AG & Co Kgaa0.25%
Magna International Inc0.24%
Kbc Group NV0.23%
Boc Hong Kong Holdings Lt0.22%
Barclays PLC0.22%
Canadian Pacific Kansas C0.20%
Deutsche Bank AG0.20%
Mitsubishi Ufj Financial0.19%
J Sainsbury PLC0.19%
Barclays PLC0.18%
Arcelormittal SA0.18%
Eiffage SA0.17%
Natwest Group PLC0.17%

Only in VDV

399 securities, 48.9% of VDV by weight

Samsung Electronics Co Ltd4.14%
Nestle SA1.83%
Allianz SE1.41%
AstraZeneca PLC1.11%
Roche Holding AG0.95%
BHP Group Ltd0.94%
Samsung Electronics-Pref0.89%
Enbridge Inc0.81%
Novartis AG0.79%
Rio Tinto PLC0.78%
Canadian Natural Resources Ltd0.76%
Sony Group Corp0.62%
Hitachi Ltd0.61%
Brookfield Corp0.61%
National Grid PLC0.60%
Enel SpA0.58%
Iberdrola SA0.57%
AIA Group Ltd0.56%
CSL Ltd0.48%
TC Energy Corp0.47%
Siemens Energy AG0.46%
Nintendo Co Ltd0.46%
KDDI Corp0.44%
ITOCHU Corp0.41%
Basf SE0.40%
Generali0.39%
Murata Manufacturing Co Ltd0.38%
Unilever PLC0.38%
Japan Tobacco Inc0.38%
Diageo PLC0.38%
Barrick Mining Corp0.37%
Air Liquide SA0.36%
SoftBank Corp0.34%
ORIX Corp0.33%
KB Financial Group Inc0.32%
Japan Post Bank Co Ltd0.31%
Tesco PLC0.31%
Gsk PLC0.29%
Nordea Bank Abp0.28%
Shinhan Financial Group Co Ltd0.27%
Shin-Etsu Chemical Co Ltd0.27%
Hyundai Motor Co0.26%
Power Corp of Canada0.26%
NTT Inc0.26%
Mitsubishi Heavy Industries Ltd0.25%
Samsung Electro-Mechanics Co Ltd0.25%
Teva Pharmaceutical Industries Ltd0.23%
Kyocera Corp0.23%
Adyen NV0.22%
Fortis Inc/Canada0.21%

Weight gaps

The 100 widest of 340 Holdings in both funds.

Holding weights in DFIV and VDV, widest gap first
Holding	More in DFIVMore in VDV	DFIV	VDV
Banco Santander SA	DFIV +0.94 points	1.58%	0.64%
Totalenergies SE	DFIV +0.93 points	2.30%	1.37%
Mitsubishi Corp	VDV +0.79 points	0.09%	0.88%
Bayer AG	DFIV +0.75 points	0.99%	0.24%
Bp PLCBP.L	VDV +0.63 points	0.27%	0.90%
Repsol SA	DFIV +0.60 points	0.89%	0.29%
Swiss Re AG	DFIV +0.58 points	0.97%	0.39%
Axa SA	VDV +0.58 points	0.02%	0.60%
Eni Spa	DFIV +0.54 points	0.92%	0.38%
Fairfax Financial Holding	DFIV +0.50 points	0.65%	0.15%
Koninklijke Ahold Delhaiz	DFIV +0.48 points	0.73%	0.25%
Lonza Group AG	DFIV +0.46 points	0.57%	0.11%
Holcim Ltd	DFIV +0.46 points	0.77%	0.31%
Orange SA	DFIV +0.46 points	0.69%	0.23%
Cie De Saint-Gobain	DFIV +0.44 points	0.71%	0.27%
Muenchener Rueckversicher	VDV +0.43 points	0.13%	0.56%
Daimler Truck Holding AG	DFIV +0.42 points	0.50%	0.08%
Bank of Nova Scotia/The	VDV +0.42 points	0.45%	0.87%
Engie SA	DFIV +0.41 points	0.66%	0.25%
Nebius Group NVNBIS	VDV +0.40 points	0.04%	0.44%
Tourmaline Oil Corp	DFIV +0.41 points	0.53%	0.12%
Societe Generale SA	DFIV +0.38 points	0.79%	0.41%
Banco Bpm Spa	DFIV +0.38 points	0.44%	0.06%
Marubeni Corp	VDV +0.38 points	0.02%	0.40%
Sanofi	VDV +0.37 points	0.33%	0.70%
Intesa Sanpaolo Spa	VDV +0.37 points	0.13%	0.50%
Suncor Energy Inc	VDV +0.36 points	0.26%	0.62%
Inpex Corp	DFIV +0.36 points	0.45%	0.09%
Swiss Life Holding AG	DFIV +0.36 points	0.59%	0.23%
E.on SE	DFIV +0.35 points	0.54%	0.19%
Toronto-Dominion Bank/The	VDV +0.34 points	0.38%	0.72%
Eneos Holdings Inc	DFIV +0.34 points	0.53%	0.19%
Nn Group NV	DFIV +0.34 points	0.52%	0.18%
Manulife Financial Corp	VDV +0.31 points	0.25%	0.56%
Westpac Banking Corp	DFIV +0.32 points	0.69%	0.38%
Dhl AG	DFIV +0.31 points	0.54%	0.23%
Deutsche Telekom AG	VDV +0.29 points	0.50%	0.79%
Santos Ltd	DFIV +0.30 points	0.45%	0.15%
Whitecap Resources Inc	DFIV +0.29 points	0.41%	0.12%
Abn Amro Bank NV	DFIV +0.29 points	0.52%	0.23%
Vinci SA	VDV +0.29 points	<0.01%	0.29%
Swisscom AG	DFIV +0.28 points	0.43%	0.15%
Michelin	DFIV +0.27 points	0.48%	0.21%
British American TobaccoBATS.L	VDV +0.27 points	0.66%	0.93%
Heineken NV	DFIV +0.27 points	0.44%	0.17%
Dsv As	DFIV +0.25 points	0.35%	0.10%
Skf Ab	DFIV +0.26 points	0.33%	0.07%
Zurich Insurance Group AG	DFIV +0.23 points	1.03%	0.80%
Nomura Holdings Inc	DFIV +0.23 points	0.32%	0.09%
Deutsche Bank AG	DFIV +0.23 points	0.48%	0.25%
Bouygues SA	DFIV +0.23 points	0.31%	0.08%
Prudential PLCPRU.L	VDV +0.22 points	0.02%	0.24%
Kubota Corp	DFIV +0.21 points	0.35%	0.14%
United Overseas Bank Ltd	DFIV +0.21 points	0.39%	0.18%
AvivaAV.L	VDV +0.21 points	<0.01%	0.21%
Takeda Pharmaceutical Co	DFIV +0.21 points	0.67%	0.46%
Mitsubishi Electric Corp	VDV +0.21 points	0.05%	0.26%
Sun Life Financial Inc	VDV +0.20 points	0.14%	0.34%
Canadian Imperial Bank of	VDV +0.19 points	0.18%	0.37%
Qbe Insurance Group Ltd	DFIV +0.20 points	0.31%	0.11%
Swedbank Ab	DFIV +0.19 points	0.34%	0.15%
Subaru Corp	DFIV +0.19 points	0.26%	0.07%
Yamaha Motor Co Ltd	DFIV +0.19 points	0.28%	0.09%
Bnp Paribas SA	VDV +0.19 points	0.64%	0.83%
Oversea-Chinese Banking C	VDV +0.19 points	0.18%	0.37%
Canadian Pacific Kansas C	VDV +0.18 points	0.05%	0.23%
Suzuki Motor Corp	DFIV +0.18 points	0.30%	0.12%
Mitsui & Co Ltd	VDV +0.18 points	0.20%	0.38%
Cenovus Energy Inc	VDV +0.18 points	0.02%	0.20%
Boliden Ab	DFIV +0.18 points	0.29%	0.11%
Asahi Group Holdings Ltd	DFIV +0.18 points	0.30%	0.12%
Sandoz Group AG	DFIV +0.18 points	0.31%	0.13%
Daiichi Life Group Inc	DFIV +0.17 points	0.37%	0.20%
Asahi Kasei Corp	DFIV +0.17 points	0.28%	0.11%
Telefonaktiebolaget Lm Er	VDV +0.16 points	0.04%	0.20%
Koninklijke Philips NV	DFIV +0.17 points	0.32%	0.15%
Woodside Energy Group Ltd	DFIV +0.17 points	0.50%	0.33%
Anglo American Ord NpvAAL.L	VDV +0.15 points	0.14%	0.29%
Sbi Holdings Inc/Japan	DFIV +0.15 points	0.20%	0.05%
Volkswagen AG	DFIV +0.16 points	0.29%	0.13%
Aercap Holdings NVAER	VDV +0.15 points	0.02%	0.17%
Resona Holdings Inc	DFIV +0.15 points	0.29%	0.14%
Ia Financial Corp Inc	DFIV +0.14 points	0.24%	0.10%
Mitsubishi Chem Grp Corp	DFIV +0.14 points	0.22%	0.08%
Northern Star Resources L	DFIV +0.14 points	0.25%	0.11%
Ibiden Co Ltd	VDV +0.14 points	<0.01%	0.14%
Ing Groep NV	VDV +0.14 points	0.66%	0.80%
Sekisui House Ltd	DFIV +0.14 points	0.25%	0.11%
Vodafone Group PLCVOD.L	DFIV +0.14 points	0.38%	0.24%
Daiwa House Industry Co L	DFIV +0.14 points	0.27%	0.13%
Novonesis (Novozymes) B	DFIV +0.14 points	0.22%	0.08%
Anheuser-Busch Inbev Sa/N	DFIV +0.13 points	0.37%	0.24%
Lundin Mining Corp	DFIV +0.13 points	0.18%	0.05%
Sandvik Ab	VDV +0.13 points	<0.01%	0.13%
Nokia Oyj	DFIV +0.12 points	0.55%	0.43%
Teck Resources LtdTECK	DFIV +0.13 points	0.38%	0.25%
Caixabank SA	VDV +0.12 points	<0.01%	0.13%
Daiwa Securities Group In	DFIV +0.13 points	0.19%	0.06%
Ap Moller - Maersk A/S	DFIV +0.12 points	0.21%	0.09%
Bluescope Steel Ltd	DFIV +0.13 points	0.20%	0.07%

All 557 DFIV holdings⁠All VDV 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 VDV Cost

Overpaying DFIV vs VDV

$3,868

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

DFIV 0.27%
$5,557
VDV 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

DFIV 0.27%
VDV 0.08%
Overpaying

Year by year

Year	DFIV	VDV	Overpaying
10	$491	$147	$344
20	$1,907	$575	$1,332
30	$5,557	$1,689	$3,868

Expense ratio

0.27%DFIV
0.08%VDV, cheaper

VDV0.08%DFIV0.27%

0.08%0.65%

Middle half of International Value Index funds
Median 0.31%

VDV cheapest of 12 funds

DFIV 4th cheapest of 12 funds

DFIV vs VDV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFIV 2.77%; VDV No data
Payout (12M): DFIV $1.56; VDV No data
Last payment: DFIV $0.28; VDV $0.49
Ex-dividend: DFIV Sep 22, 2026; VDV Sep 18, 2026
Paid on: DFIV Sep 24, 2026; VDV Sep 22, 2026
Frequency: DFIV Quarterly; VDV Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

DFIVQuarterly · 21 paymentsAll DFIV payments⁠

VDVQuarterly · 2 paymentsAll VDV payments⁠

DFIV vs VDV 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%VDV No data
Return per unit of riskSharpe ratio, 3 years: DFIV 1.72VDV No data
Worst fallMax drawdown, 5 years: DFIV −25.4%VDV No data
Market sensitivityBeta, 5 years: DFIV 0.80VDV 0.77; Market = 1

DFIV and VDV 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 VDV

In short

Stated mandate

Why people hold it

Worth knowing

How DFIV and VDV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIV

Only in VDV

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 VDV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIV

Only in VDV

Weight gaps