DFSI vs ESGD: Grades, Fees and Holdings Compared

Dimensional International Sustainability Core 1 ETF

DFSIBNYSE Arca

iShares ESG Aware MSCI EAFE ETF

ESGDANasdaq

Overlap

37.5%by weight

Expense ratio

ESGD −0.03pt a year

DFSI0.23%ESGD0.20%

Avg volume · 30D

ESGD 5.5×the volume

DFSI56.5KESGD311K

3Y return · a year

DFSI +1.4pt

DFSI+20.0%ESGD+18.6%

DFSI vs ESGD Performance

Nov 7, 2025 – Nov 9, 2026

+15.1%DFSI+15.1%ESGD

Expense ratio: DFSI 0.23%; ESGD 0.20%, better
Fund size: DFSI $1.17B; ESGD $11.6B
1Y total return: DFSI +15.1%; ESGD +15.1%
Yield (12M): DFSI 2.25%; ESGD 3.28%, better
Holdings: DFSI 2828; ESGD 349
Avg volume (30D): DFSI 56.5K sh; ESGD 311K sh, better
NAV per share: DFSI $44.66; ESGD $101.13
52W range

ETF.net Grade

Pillar letters and Scores for DFSI, ESGD, with each pillar’s weight
Pillar	DFSI	ESGD
Cost30% weight	C50	B68Higher
Mission25% weight	Not scored	A100
Risk15% weight	B62Higher	C46
Tradability15% weight	B61	A95Higher
Holdings10% weight	A86Higher	A74
Durability5% weight	B60	A95Higher

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. DFSI and ESGD are both graded against the same 18 International ESG & Values Index funds, so their Grades compare head to head.

International ESG & Values Index⁠

Category · 18 funds

See all 18 ›

ESGD ranks 2nd and DFSI 9th of 18 funds in the International ESG & Values Index Category.

Rank 1AVSGXVanguard ESG International Stock ETFScore 79
Rank 2AESGDiShares ESG Aware MSCI EAFE ETFScore 78
Rank 3ADMXFiShares ESG Advanced MSCI EAFE ETFScore 76
Rank 7BNUDMNuveen ESG International Developed Markets EquityScore 61
Rank 9BDFSIDimensional International Sustainability Core 1 ETFScore 60
Rank 10BAVSDAvantis Responsible International Equity ETFScore 58

Our read on each fund

ETF.net Research

DFSIBDimensional International Sustainability Core 1 ETF

ESGDAiShares ESG Aware MSCI EAFE ETF

In short

DFSI Not an index tracker: Dimensional runs an all-cap slice of developed markets outside the US, thousands of names tilted toward cheaper, more profitable firms, carbon-heavy ones screened out. 0.23% net of a waiver through February 28, 2027.

ESGD The plain-vanilla international index fund, ESG-screened. Roughly 400 developed-market stocks from outside the US and Canada, tracking an MSCI EAFE ESG Focus index since 2016, for 0.20% a year.

Stated mandate

DFSI The ETF seeks long-term capital appreciation. It uses an integrated investment approach to build a broadly diversified portfolio of non-U.S. developed-market companies while incorporating sustainability considerations.

ESGD The fund seeks to track an index of international developed-market stocks outside the United States and Canada that have positive aggregate environmental, social, and governance characteristics.

Why people hold it

DFSI Owns a few thousand stocks across developed markets outside the US, reaching down into the small caps that large-cap ESG index funds leave out.sec.gov
The screen is wide: companies with high carbon emissions or reserves are excluded, alongside flags for tobacco, cluster munitions, private prisons and child labor.sec.gov
Standard Dimensional machinery underneath: value and profitability tilts set by the manager, not frozen until an index provider's next rebalance date.sec.gov

ESGD Costs 0.20% a year, below the typical fee in its international ESG peer group.
Roughly 400 stocks spanning developed markets outside the US and Canada: broad-market coverage, not a narrow thematic bet.ishares.com
Tracks the MSCI EAFE Extended ESG Focus Index, keeping the familiar developed-markets shape while tilting toward companies with better aggregate ESG characteristics.ishares.com
A multi-billion-dollar fund trading since 2016, and one of the sturdier builds in its peer group.

Worth knowing

DFSI 0.23% (0.24% gross) net of a waiver through February 28, 2027 lands near the category median, and index-tracking peers go lower: VSGX at 0.10%, DMXF at 0.12%.
Active, so there's no index holding it to a line. MSCI World ex USA IMI is the stated yardstick, and the small-cap and value tilts can push results away from it.sec.gov
Sustainability here is Dimensional's own definition rather than a published ESG index, so the holdings can differ from what another provider's label would give you.sec.gov

ESGD Cheaper tickets exist on the same shelf: VSGX at 0.10%, iShares' own DMXF at 0.12%. The fee here buys scale, not the lowest sticker.
The ESG screen leaves holdings different from a plain EAFE fund, so results can drift from the unscreened index in either direction.
Moderately traded rather than one of the busiest tapes in the category, and distributions land once or twice a year rather than monthly.

Full DFSI profile⁠

Full ESGD profile⁠

DFSI vs ESGD Holdings

How DFSI and ESGD differ

Overlap by weight

37.5%

Shared holdings make up 80.2% of ESGD and 40.2% of DFSI.

Level by level

Holdings265 in both37.5%
Countryby domicile83.6%
Sector11 Sectors92.4%
Asset classStocks100%

Sector

Sector weights in DFSI and ESGD, widest gap first
Sector	Gap	DFSI	ESGD
Financials	ESGD +2.1 points	24.8%	26.9%
Energy	ESGD +2.1 points	1.9%	4.0%
Industrials	DFSI +2.0 points	20.1%	18.1%
Communication	DFSI +1.6 points	5.3%	3.7%
Consumer Staples	ESGD +1.4 points	5.7%	7.1%
Materials	DFSI +1.5 points	7.1%	5.6%
Consumer Discretionary	DFSI +1.3 points	9.7%	8.4%
Technology	DFSI +1.2 points	10.7%	9.5%
Health Care	ESGD +1.1 points	9.9%	11.0%
Utilities	ESGD +0.9 points	3.0%	3.9%
Real Estate	Same weight	1.8%	1.8%

Country, concentration and asset class

Country by domicile

Country weights in DFSI and ESGD, widest gap first
Country	Gap	DFSI	ESGD
Canada	DFSI +10.0 points	10.0%	0.0%
United Kingdom	ESGD +2.7 points	11.8%	14.5%
Japan	ESGD +2.6 points	21.6%	24.2%
France	ESGD +2.1 points	6.8%	8.9%
Australia	ESGD +2.0 points	4.9%	6.9%
Germany	ESGD +1.5 points	7.4%	8.9%
United States	DFSI +1.4 points	1.4%	0.0%
Switzerland	ESGD +1.3 points	9.5%	10.8%
Other countries (18)	DFSI +1.0 points	26.7%	25.7%

Outside the US: DFSI 99% developed, 1% emerging. ESGD 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

DFSI10.0%
ESGD14.3%

Securities held

DFSI2,811
ESGD332

Asset class

DFSI: Stocks
ESGD: Stocks

Holdings

Only in DFSI2,546
In both265
Only in ESGD67

Only in DFSI

2,546 securities, 59.5% of DFSI by weight

Asml Holding NV2.30%
Novartis AG Adr1.10%
Royal Bank of Canada0.77%
Astrazeneca PLC0.73%
Unilever PLC0.67%
Toronto-Dominion Bank0.54%
Tesco PLC0.44%
Hsbc Holdings PLC0.42%
Agnico Eagle Mines Ltd0.37%
Compass Group PLC0.36%
Shopify Inc- Class A0.36%
Orange SA0.35%
Relx PLC0.35%
Argenx SE0.35%
Nordea Bank Abp0.34%
Intact Financial Corp0.33%
Swisscom AG0.33%
Bank of Nova Scotia/The0.31%
National Bank of Canada0.30%
Ubs Group AG0.29%
Royal Bank of Canada0.29%
Canadian Imperial Bank of0.28%
Brookfield Corp0.27%
Wheaton Precious Metals C0.27%
Asr Nederland NV0.27%
Volvo Ab0.25%
Swiss Life Holding AG0.24%
Bank of Montreal0.23%
Dollarama Inc0.22%
Fairfax Financial Holding0.22%
Genmab A/S0.21%
Diageo PLC0.21%
Next PLC0.21%
Banco Bilbao Vizcaya Arge0.20%
Vinci SA0.19%
Danske Bank A/S0.19%
Helvetia Baloise Holding0.19%
Banco De Sabadell SA0.19%
Pan American Silver Corp0.19%
Abn Amro Bank NV0.19%
Publicis Groupe SA0.19%
Geberit AG0.18%
Bt Group PLC0.17%
Ferrari NV0.17%
Partners Group Holding AG0.17%
Finecobank Banca Fineco’s0.17%
Julius Baer Group Ltd0.17%
St James's Place PLC0.17%
Ia Financial Corp Inc0.17%
Alamos Gold Inc0.16%

Only in ESGD

67 securities, 19.1% of ESGD by weight

Nestle SA1.19%
Shell1.14%
Totalenergies0.90%
Bhp Group Ltd0.89%
Unilever PLC0.83%
Itochu0.76%
Lonza Group AG0.56%
Bridgestone0.54%
Assicurazioni Generali0.44%
Relx PLC0.42%
Softbank Group Corp0.42%
Mitsubishi0.40%
Alcon AG0.39%
London Stock Exchange Group PLC0.37%
Bp PLC0.37%
Hoya0.36%
Marubeni0.35%
Hong Kong Exchanges and Clearing0.35%
Holcim Ltd AG0.32%
Bayer AG0.32%
Ana Holdings0.32%
Eneos Holdings0.30%
Spotify Technology0.29%
Kioxia Holdings0.27%
Unibail Rodamco We Stapled Units0.27%
3I Group Fund PLC0.25%
Woodside Energy Group Ltd0.25%
Equinor0.24%
Sino Land Ltd0.23%
Glencore PLC0.22%
Dassault Systemes0.22%
Repsol0.22%
Segro Reit PLC0.22%
Galp Energia Sgps SA Class B0.22%
Naturgy Energy Group SA0.20%
Obayashi0.19%
Anglo American PLC0.18%
Tesco PLC0.18%
Mtr Corporation0.18%
Heidelberg Materials AG0.17%
SOUTH320.17%
Orix0.17%
Sompo Holdings0.17%
Hochtief AG0.16%
Lair Liquide Societe Anonyme Pour0.16%
Omv0.16%
Land Securities Group Reit PLC0.14%
Stmicroelectronics0.14%
Compass Group PLC0.14%
Singapore Telecommunications Ltd0.13%

Weight gaps

The 100 widest of 265 Holdings in both funds.

Holding weights in DFSI and ESGD, widest gap first
Holding	Gap	DFSI	ESGD
Asml Holding NV	ESGD +2.76 points	0.05%	2.81%
Novartis AG	ESGD +1.65 points	<0.01%	1.65%
Hsbc Holdings PLCHSBA.L	ESGD +1.22 points	0.19%	1.41%
Astrazeneca PLCAZN.L	ESGD +1.06 points	0.10%	1.16%
Sap SE	ESGD +0.82 points	0.53%	1.35%
Intesa Sanpaolo Spa	ESGD +0.73 points	0.25%	0.98%
National Grid PLCNG.L	ESGD +0.70 points	<0.01%	0.71%
Commonwealth Bank of Aust	ESGD +0.71 points	0.36%	1.07%
Siemens AG	ESGD +0.64 points	0.48%	1.12%
Iberdrola SA	ESGD +0.62 points	0.26%	0.88%
Ubs Group AG	ESGD +0.56 points	0.09%	0.65%
Toyota Motor Corp	ESGD +0.55 points	0.60%	1.15%
Banco Bilbao Vizcaya Arge	ESGD +0.54 points	0.09%	0.63%
Sumitomo Mitsui Financial	ESGD +0.52 points	0.28%	0.80%
Abb Ltd	ESGD +0.48 points	0.43%	0.91%
Mitsubishi Ufj Financial	ESGD +0.48 points	0.33%	0.81%
Diageo PLCDGE.L	ESGD +0.47 points	0.03%	0.50%
Bnp Paribas SA	ESGD +0.46 points	0.29%	0.75%
Allianz SE	ESGD +0.44 points	0.66%	1.10%
Axa SA	ESGD +0.44 points	0.22%	0.66%
Aia Group Ltd	ESGD +0.41 points	0.18%	0.59%
Transurban Group	ESGD +0.41 points	0.04%	0.45%
Kddi Corp	ESGD +0.39 points	0.13%	0.52%
Mizuho Financial Group In	ESGD +0.38 points	0.19%	0.57%
Henkel AG & Co Kgaa	ESGD +0.36 points	0.03%	0.39%
Telia Co Ab	ESGD +0.35 points	0.06%	0.41%
Daiwa Securities Group In	ESGD +0.35 points	0.04%	0.39%
Bank Hapoalim Bm	ESGD +0.33 points	0.06%	0.39%
Sony Group Corp	ESGD +0.32 points	0.59%	0.91%
Unicredit Spa	ESGD +0.31 points	0.21%	0.52%
Tokyo Electron Ltd	ESGD +0.31 points	0.34%	0.65%
Dbs Group Holdings Ltd	ESGD +0.31 points	0.36%	0.67%
Zurich Insurance Group AG	ESGD +0.30 points	0.43%	0.73%
Merck Kgaa	ESGD +0.30 points	0.05%	0.35%
Bae Systems PLCBA.L	ESGD +0.30 points	0.20%	0.50%
Danone SA	ESGD +0.30 points	0.08%	0.38%
Anheuser-Busch Inbev Sa/N	ESGD +0.30 points	0.10%	0.40%
National Australia Bank L	ESGD +0.30 points	0.20%	0.50%
Secom Co Ltd	ESGD +0.28 points	0.05%	0.33%
Smiths Group PLCSMIN.L	ESGD +0.28 points	0.07%	0.35%
Sandvik Ab	ESGD +0.28 points	0.09%	0.37%
E.on SE	DFSI +0.27 points	0.39%	0.12%
Svenska Cellulosa Ab Sca	ESGD +0.27 points	0.03%	0.30%
Kerry Group PLC	ESGD +0.27 points	0.05%	0.32%
Fanuc Corp	ESGD +0.26 points	0.04%	0.30%
Ing Groep NV	ESGD +0.27 points	0.38%	0.65%
Boc Hong Kong Holdings Lt	ESGD +0.26 points	0.04%	0.30%
Oriental Land Co Ltd/Japa	ESGD +0.25 points	0.04%	0.29%
Recruit Holdings Co Ltd	DFSI +0.25 points	0.94%	0.69%
Essilorluxottica SA	ESGD +0.25 points	0.04%	0.29%
Endesa SA	ESGD +0.25 points	0.04%	0.29%
Sse PLCSSE.L	ESGD +0.25 points	0.14%	0.39%
Sanofi	ESGD +0.24 points	0.27%	0.51%
Heineken NV	ESGD +0.23 points	0.06%	0.29%
Caixabank SA	ESGD +0.24 points	0.27%	0.51%
Givaudan SA	ESGD +0.23 points	0.21%	0.44%
Takeda Pharmaceutical Co	ESGD +0.22 points	0.20%	0.42%
Yamaha Motor Co Ltd	ESGD +0.22 points	0.04%	0.26%
Roche Holding AG	ESGD +0.22 points	0.06%	0.28%
Orkla Asa	ESGD +0.21 points	0.02%	0.23%
Oversea-Chinese Banking C	ESGD +0.21 points	0.10%	0.31%
Deutsche Bank AG	ESGD +0.20 points	0.14%	0.34%
Safran SA	DFSI +0.20 points	0.42%	0.22%
Panasonic Holdings Corp	ESGD +0.21 points	0.06%	0.27%
Mowi Asa	ESGD +0.20 points	0.02%	0.22%
Getlink SE	ESGD +0.20 points	0.03%	0.23%
Csl Ltd	ESGD +0.20 points	0.06%	0.26%
Boliden Ab	ESGD +0.20 points	0.15%	0.35%
Murata Manufacturing Co L	ESGD +0.20 points	0.04%	0.24%
Fujitsu Ltd	ESGD +0.20 points	0.05%	0.25%
Nokia Oyj	ESGD +0.20 points	0.05%	0.25%
Engie SA	ESGD +0.20 points	0.01%	0.21%
Hitachi Ltd	ESGD +0.19 points	0.48%	0.67%
Swiss Prime Site AG	ESGD +0.19 points	0.11%	0.30%
Westpac Banking Corp	ESGD +0.19 points	0.25%	0.44%
Barclays PLCBARC.L	ESGD +0.19 points	0.20%	0.39%
Informa PLCINF.L	ESGD +0.19 points	0.11%	0.30%
Sekisui House Ltd	ESGD +0.19 points	0.09%	0.28%
Experian PLCEXPN.L	DFSI +0.18 points	0.29%	0.11%
Vonovia SE	ESGD +0.18 points	0.02%	0.20%
AvivaAV.L	ESGD +0.18 points	0.16%	0.34%
Macquarie Group Ltd	ESGD +0.18 points	0.11%	0.29%
Aristocrat Leisure Ltd	ESGD +0.18 points	0.11%	0.29%
Credit Agricole SA	ESGD +0.17 points	0.05%	0.22%
Argenx SE	ESGD +0.17 points	<0.01%	0.17%
Elbit Systems Ltd	ESGD +0.17 points	<0.01%	0.17%
Eiffage SA	ESGD +0.17 points	0.08%	0.25%
Amadeus It Group SA	ESGD +0.17 points	0.18%	0.35%
Singapore Exchange Ltd	ESGD +0.17 points	0.04%	0.21%
Mitsubishi Electric Corp	ESGD +0.17 points	0.10%	0.27%
Natwest Group PLCNWG.L	ESGD +0.17 points	0.12%	0.29%
Kingfisher PLCKGF.L	ESGD +0.16 points	0.08%	0.24%
Meridian Energy Ltd	ESGD +0.16 points	<0.01%	0.17%
L'oreal SA	ESGD +0.15 points	0.40%	0.55%
Yokohama Financial Group	ESGD +0.16 points	0.03%	0.19%
Infineon Technologies AG	ESGD +0.15 points	0.19%	0.34%
Daiichi Sankyo Co Ltd	ESGD +0.15 points	0.04%	0.19%
Renesas Electronics Corp	ESGD +0.15 points	0.01%	0.16%
Logitech International SA	ESGD +0.15 points	<0.01%	0.16%
Nec Corp	ESGD +0.15 points	0.10%	0.25%

All 2,902 DFSI holdings⁠All 331 ESGD 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.

DFSI vs ESGD Cost

Overpaying DFSI vs ESGD

$604

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

DFSI 0.23%
$4,759
ESGD 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

DFSI 0.23%
ESGD 0.20%
Overpaying

Year by year

Year	DFSI	ESGD	Overpaying
10	$419	$365	$54
20	$1,630	$1,421	$209
30	$4,759	$4,155	$604

Expense ratio

0.23%DFSI
0.20%ESGD, cheaper

ESGD0.20%DFSI0.23%

0.10%0.95%

Middle half of International ESG & Values Index funds
Median 0.23%

ESGD 6th cheapest of 18 funds

DFSI 9th cheapest of 18 funds

DFSI vs ESGD Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DFSI 2.25%; ESGD 3.28%, better
Payout (12M): DFSI $1.04; ESGD $3.42
Last payment: DFSI $0.18; ESGD $1.63
Ex-dividend: DFSI Sep 22, 2026; ESGD Jun 15, 2026
Paid on: DFSI Sep 24, 2026; ESGD Jun 18, 2026
Frequency: DFSI Quarterly; ESGD Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

DFSIQuarterly · 16 paymentsAll DFSI payments⁠

ESGDTwice a year · 20 paymentsAll ESGD payments⁠

DFSI vs ESGD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFSI 12.6%ESGD 11.7%, better
Return per unit of riskSharpe ratio, 3 years: DFSI 1.20, betterESGD 1.18
Worst fallMax drawdown, 5 years: DFSI −12.8%since Nov 2022ESGD −29.7%
Market sensitivityBeta, 5 years: DFSI 0.97ESGD 0.81; Market = 1

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