ACWV vs DFEM: Holdings Overlap
ACWViShares MSCI Global Min Vol Factor ETF
iShares · 412 holdings · $3.4B · as of 2026-05-31
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
Holdings snapshots are 31 days apart (ACWV: 2026-05-31, DFEM: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are ACWV and DFEM?
iShares MSCI Global Min Vol Factor ETF (ACWV, by iShares) holds 412 positions; Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579. They have 144 holdings in common, and by portfolio weight the two funds are 9.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 144ACWV holds 412 · DFEM holds 6579
- Weight in Shared Holdings
- ACWV 19%·DFEM 24%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ACWV
268 of 412 positions (80.0% of the fund) are not held by DFEM. Showing the top 30 by weight.
Only in DFEM
6435 of 6579 positions (76.2% of the fund) are not held by ACWV. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ACWV | +3.3% | +7.6% | +9.5% | +11.3% | +6.1% | +7.4% | 1.87% |
| DFEM | +0.2% | +19.5% | +31.4% | +19.8% | — | — | 1.89% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ACWV vs DFEM →
Shared Holdings(144)
The top 10 shared positions account for 40% of the overlap, led by TSMWF, 000660 and C6T.
 TSMWFTaiwan Semiconductor Manufacturing Co. Ltd. | 1.22% | 9.23% | 1.22% |
|---|---|---|---|
 000660SK hynix Inc | 0.49% | 3.20% | 0.49% |
 C6TChina Construction Bank Corp. 'H'CNY1 | 0.39% | 0.75% | 0.39% |
 BHARTIBharti Airtel Ltd. INR5 | 0.52% | 0.35% | 0.35% |
 ICKIndustrial & Commercial Bank of China Ltd. 'H'CNY1 | 0.30% | 0.31% | 0.30% |
 PC6PetroChina Co. Ltd., Class H | 0.29% | 0.35% | 0.29% |
 W8VBank of China Ltd | 0.73% | 0.28% | 0.28% |
 700Tencent Holdings Ltd. | 0.23% | 1.95% | 0.23% |
 ARAMCSARSaudi Arabian Oil Company NPV | 0.39% | 0.21% | 0.21% |
 IKFChina Shenhua Energy Co Ltd. 'H'CNY1 | 0.20% | 0.18% | 0.18% |
 STCSARSaudi Telecom Company SAR10 | 0.38% | 0.16% | 0.16% |
 300750Contemporary Amperex Technology Co Ltd | 0.15% | 0.17% | 0.15% |
 CHUChina Petroleum & Chemical Corp., Class H | 0.23% | 0.15% | 0.15% |
 EMIRAAEDEmirates NBD Bank PJSC | 0.18% | 0.14% | 0.14% |
 QNBKQARQatar National Bank QPSC | 0.13% | 0.17% | 0.13% |
 2303United Microelectronics Corp. TWD10 | 1.08% | 0.13% | 0.13% |
 OTPOTP Bank Nyrt | 0.13% | 0.13% | 0.13% |
 TCSTata Consultancy Services Ltd. INR1 | 0.33% | 0.13% | 0.13% |
 PJCPICC Property & Casualty Co Ltd | 0.27% | 0.11% | 0.11% |
 1810Xiaomi Corp | 0.11% | 0.24% | 0.11% |
 2Y11China Tower Corp. Ltd., Class H | 0.12% | 0.10% | 0.10% |
 NBKKWDNational Bank of Kuwait SAKP | 0.14% | 0.10% | 0.10% |
 EK7Agricultural Bank of China Ltd. 'H'CNY1 | 0.28% | 0.10% | 0.10% |
 TTANTitan Co Ltd. INR1 | 0.13% | 0.10% | 0.10% |
 2308Delta Electronics Inc | 0.10% | 0.51% | 0.10% |
Frequently Asked Questions
How much do ACWV and DFEM overlap?
ACWV and DFEM overlap by 9.8% of portfolio weight. They share 144 holdings (ACWV holds 412 positions and DFEM holds 6579), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ACWV and DFEM?
The two portfolios are 9.8% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of ACWV and DFEM?
The largest positions held by both funds are TSMWF, 000660, C6T, BHARTI and ICK. Together the top 10 shared positions account for 40% of the total overlap.
What does ACWV own that DFEM doesn't?
268 positions (80.0% of ACWV) are unique to ACWV, led by CSCO, JNJ and DUK. In the other direction, 6435 positions (76.2% of DFEM) are unique to DFEM.