AVEM vs DFAX: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
Holdings snapshots are 31 days apart (AVEM: 2026-05-31, DFAX: 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 AVEM and DFAX?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527. They have 2930 holdings in common, and by portfolio weight the two funds are 24.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 24.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2930AVEM holds 3893 · DFAX holds 10527
- Weight in Shared Holdings
- AVEM 93%·DFAX 27%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 AVEM
963 of 3893 positions (7.0% of the fund) are not held by DFAX. Showing the top 30 by weight.
Only in DFAX
7597 of 10527 positions (72.6% of the fund) are not held by AVEM. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AVEM | -0.3% | +20.6% | +33.7% | +21.9% | +9.9% | — | 1.90% |
| 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 AVEM vs DFAX →
Shared Holdings(2930)
The top 10 shared positions account for 19% of the overlap, led by TSMWF, TSM and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 4.11% | 1.45% | 1.45% |
|---|---|---|---|
 TSMTaiwan Semiconductor Manufacturing Co. Ltd. | 6.33% | 1.01% | 1.01% |
 000660SK Hynix Inc | 7.83% | 0.59% | 0.59% |
 700Tencent Holdings Ltd. | 1.51% | 0.50% | 0.50% |
 SMSNRUBSamsung Electronics Co Ltd | 5.70% | 0.27% | 0.27% |
 3037Unimicron Technology Corp | 0.52% | 0.21% | 0.21% |
 C6TChina Construction Bank Corp | 0.88% | 0.19% | 0.19% |
 2454MediaTek Inc | 1.11% | 0.17% | 0.17% |
 AVMPFAsia Vital Components Co Ltd | 0.25% | 0.15% | 0.15% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.49% | 0.14% | 0.14% |
 2308Delta Electronics Inc | 0.77% | 0.11% | 0.11% |
 BHEBharat Electronics Ltd | 0.15% | 0.11% | 0.11% |
 2891CTBC Financial Holding Co Ltd | 0.39% | 0.10% | 0.10% |
 GFIGold Fields Ltd | 0.28% | 0.10% | 0.10% |
 IBNICICI Bank Ltd | 0.43% | 0.10% | 0.10% |
 005380Hyundai Motor Co | 0.70% | 0.10% | 0.10% |
 PC6PetroChina Co Ltd | 0.30% | 0.10% | 0.10% |
 MMMahindra & Mahindra Ltd | 0.23% | 0.10% | 0.10% |
 086790Hana Financial Group Inc | 0.33% | 0.10% | 0.10% |
 YUMCYum China Holdings Inc | 0.13% | 0.10% | 0.10% |
 2345Accton Technology Corp | 0.14% | 0.09% | 0.09% |
 AUAnglogold Ashanti PLC COM SHS | 0.52% | 0.09% | 0.09% |
 2368Gold Circuit Electronics Ltd | 0.16% | 0.09% | 0.09% |
 175Geely Automobile Holdings Ltd | 0.26% | 0.09% | 0.09% |
 MTNMTN Group Ltd | 0.17% | 0.09% | 0.09% |
Showing the top 250 of 2930 shared holdings by overlap weight.
Frequently Asked Questions
How much do AVEM and DFAX overlap?
AVEM and DFAX overlap by 24.4% of portfolio weight. They share 2930 holdings (AVEM holds 3893 positions and DFAX holds 10527), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and DFAX?
The two portfolios are 24.4% 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 AVEM and DFAX?
The largest positions held by both funds are TSMWF, TSM, 000660, 700 and SMSNRUB. Together the top 10 shared positions account for 19% of the total overlap.
What does AVEM own that DFAX doesn't?
963 positions (7.0% of AVEM) are unique to AVEM, led by 000270, PBR and BAF. In the other direction, 7597 positions (72.6% of DFAX) are unique to DFAX.