Dual shadow mask design can overcome the size and resolution limitations of shadow masks to provide capacitor structures with small effective areas. The capacitor structures have bottom and top electrode layers patterned using shadow masks, sandwiching a dielectric layer. The effective areas of the capacitors are the overlapping areas of the top and bottom electrodes, thus allowing small area sizes without subjected to the size limitation of the electrodes. The dual shadow mask design can be used in conjunction with high productivity combinatorial processes for screening and optimizing dielectric materials and fabrication processes.