AVEM vs DFEM: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · 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 (AVEM: 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 AVEM and DFEM?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579. They have 2974 holdings in common, and by portfolio weight the two funds are 55.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 55.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2974AVEM holds 3893 · DFEM holds 6579
- Weight in Shared Holdings
- AVEM 93%·DFEM 80%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
919 of 3893 positions (6.5% of the fund) are not held by DFEM. Showing the top 30 by weight.
Only in DFEM
3605 of 6579 positions (20.3% 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% |
| 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 AVEM vs DFEM →
Shared Holdings(2974)
The top 10 shared positions account for 22% of the overlap, led by TSMWF, 000660 and 700.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 4.11% | 9.23% | 4.11% |
|---|---|---|---|
 000660SK Hynix Inc | 7.83% | 3.20% | 3.20% |
 700Tencent Holdings Ltd. | 1.51% | 1.95% | 1.51% |
 C6TChina Construction Bank Corp | 0.88% | 0.75% | 0.75% |
 2308Delta Electronics Inc | 0.77% | 0.51% | 0.51% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.70% | 0.51% | 0.51% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.49% | 0.54% | 0.49% |
 3037Unimicron Technology Corp | 0.52% | 0.47% | 0.47% |
 005380Hyundai Motor Co | 0.70% | 0.44% | 0.44% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.76% | 0.40% | 0.40% |
 IBNICICI Bank Ltd | 0.43% | 0.40% | 0.40% |
 SMSNRUBSamsung Electronics Co Ltd | 5.70% | 0.34% | 0.34% |
 VALEVale SA | 0.50% | 0.34% | 0.34% |
 2454MediaTek Inc | 1.11% | 0.32% | 0.32% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.45% | 0.31% | 0.31% |
 PC6PetroChina Co Ltd | 0.30% | 0.35% | 0.30% |
 W8VBank of China Ltd | 0.49% | 0.28% | 0.28% |
 FJZZijin Mining Group Co Ltd | 0.27% | 0.27% | 0.27% |
 009150Samsung Electro-Mechanics Co Ltd | 0.48% | 0.27% | 0.27% |
 086790Hana Financial Group Inc | 0.33% | 0.25% | 0.25% |
 GFIGold Fields Ltd | 0.28% | 0.24% | 0.24% |
 2891CTBC Financial Holding Co Ltd | 0.39% | 0.23% | 0.23% |
 RJHISARAl Rajhi Bank | 0.23% | 0.29% | 0.23% |
 PBR-APetroleo Brasileiro SA - Petrobras | 0.34% | 0.23% | 0.23% |
 MMMahindra & Mahindra Ltd | 0.23% | 0.25% | 0.23% |
Showing the top 250 of 2974 shared holdings by overlap weight.
Frequently Asked Questions
How much do AVEM and DFEM overlap?
AVEM and DFEM overlap by 55.3% of portfolio weight. They share 2974 holdings (AVEM holds 3893 positions and DFEM holds 6579), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and DFEM?
The two portfolios are 55.3% 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 AVEM and DFEM?
The largest positions held by both funds are TSMWF, 000660, 700, C6T and 2308. Together the top 10 shared positions account for 22% of the total overlap.
What does AVEM own that DFEM doesn't?
919 positions (6.5% of AVEM) are unique to AVEM, led by 000270, BAF and SHFL. In the other direction, 3605 positions (20.3% of DFEM) are unique to DFEM.