ACWX vs DFAX: Holdings Overlap
ACWXiShares MSCI ACWI ex U.S. ETF
iShares · 1761 holdings · $11.7B · as of 2026-04-30
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
How similar are ACWX and DFAX?
iShares MSCI ACWI ex U.S. ETF (ACWX, by iShares) holds 1761 positions; Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527. They have 1523 holdings in common, and by portfolio weight the two funds are 50.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 50.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1523ACWX holds 1761 · DFAX holds 10527
- Weight in Shared Holdings
- ACWX 94%·DFAX 61%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 ACWX
238 of 1761 positions (5.8% of the fund) are not held by DFAX. Showing the top 30 by weight.
Only in DFAX
9004 of 10527 positions (38.5% of the fund) are not held by ACWX. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ACWX | +3.0% | +16.6% | +28.7% | +19.1% | +9.3% | +9.6% | 2.46% |
| DFAX | +3.5% | +17.0% | +29.0% | +20.1% | — | — | 2.27% |
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 ACWX vs DFAX →
Shared Holdings(1523)
The top 10 shared positions account for 12% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 4.67% | 1.45% | 1.45% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 1.95% | 1.12% | 1.12% |
 000660SK hynix Inc | 1.33% | 0.59% | 0.59% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.69% | 0.55% | 0.55% |
 TTETotalEnergies SE EUR2.5 | 0.50% | 0.61% | 0.50% |
 700Tencent Holdings Ltd. | 1.07% | 0.50% | 0.50% |
 7203Toyota Motor Corp. NPV | 0.51% | 0.40% | 0.40% |
 NESNNestle SA (Registered) | 0.71% | 0.36% | 0.36% |
 ROPRoche Holding AG | 0.78% | 0.30% | 0.30% |
 DTEDeutsche Telekom AG (Registered) | 0.32% | 0.28% | 0.28% |
 6857Advantest Corp. NPV | 0.39% | 0.24% | 0.24% |
 BHPBHP Group Ltd. | 0.55% | 0.24% | 0.24% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.80% | 0.23% | 0.23% |
 IFXInfineon Technologies AG | 0.24% | 0.23% | 0.23% |
 9988Alibaba Group Holding Ltd | 0.79% | 0.23% | 0.23% |
 SUSuncor Energy Inc | 0.23% | 0.26% | 0.23% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.57% | 0.22% | 0.22% |
 6501Hitachi Ltd. NPV | 0.41% | 0.22% | 0.22% |
 ENRSiemens Energy AG | 0.45% | 0.22% | 0.22% |
 AEMAgnico Eagle Mines Ltd | 0.26% | 0.21% | 0.21% |
 CNQCanadian Natural Resources Ltd | 0.27% | 0.21% | 0.21% |
 TDThe Toronto-Dominion Bank COM NEW | 0.50% | 0.21% | 0.21% |
 UCGUniCredit SpA | 0.29% | 0.20% | 0.20% |
 ABBNABB Ltd. (Registered) | 0.44% | 0.20% | 0.20% |
 RHMRheinmetall AG | 0.20% | 0.22% | 0.20% |
Showing the top 250 of 1523 shared holdings by overlap weight.
Frequently Asked Questions
How much do ACWX and DFAX overlap?
ACWX and DFAX overlap by 50.2% of portfolio weight. They share 1523 holdings (ACWX holds 1761 positions and DFAX holds 10527), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ACWX and DFAX?
The two portfolios are 50.2% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of ACWX and DFAX?
The largest positions held by both funds are TSMWF, 005930, 000660, RY and TTE. Together the top 10 shared positions account for 12% of the total overlap.
What does ACWX own that DFAX doesn't?
238 positions (5.8% of ACWX) are unique to ACWX, led by 9984, 005935 and INVEB. In the other direction, 9004 positions (38.5% of DFAX) are unique to DFAX.