DEM vs DFAX: Holdings Overlap
DEMWisdomTree Emerging Markets High Dividend Fund
WisdomTree · 533 holdings · $3.9B · as of 2026-03-31
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
Holdings snapshots are 30 days apart (DEM: 2026-03-31, 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 DEM and DFAX?
WisdomTree Emerging Markets High Dividend Fund (DEM, by WisdomTree) holds 533 positions; Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527. They have 443 holdings in common, and by portfolio weight the two funds are 4.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 443DEM holds 533 · DFAX holds 10527
- Weight in Shared Holdings
- DEM 91%·DFAX 5%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 DEM
90 of 533 positions (8.9% of the fund) are not held by DFAX. Showing the top 30 by weight.
Only in DFAX
10084 of 10527 positions (94.9% of the fund) are not held by DEM. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DEM | +2.5% | +19.2% | +24.0% | +17.6% | +10.5% | +9.2% | 4.10% |
| 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 DEM vs DFAX →
Shared Holdings(443)
The top 10 shared positions account for 23% of the overlap, led by C6T, 2454 and 2318RUB.
 C6TChina Construction Bank Corp. 'H'CNY1 | 4.51% | 0.19% | 0.19% |
|---|---|---|---|
 2454MediaTek Inc. TWD10 | 2.52% | 0.17% | 0.17% |
 2318RUBPing An Insurance (Group) Company of China Ltd. 'H' CNY1 | 1.67% | 0.14% | 0.14% |
 2891CTBC Financial Holding Co Ltd. TWD10 | 0.88% | 0.10% | 0.10% |
 086790Hana Financial Group Inc. KRW5000 | 0.34% | 0.10% | 0.10% |
 1378China Hongqiao Group Limited USD0.01 | 0.94% | 0.09% | 0.09% |
 ICKIndustrial & Commercial Bank of China Ltd. 'H'CNY1 | 2.82% | 0.08% | 0.08% |
 316140Woori Financial Group Inc. KRW5000 | 0.12% | 0.07% | 0.07% |
 2887TS Financial Holding Co Ltd. TWD10 | 0.22% | 0.07% | 0.07% |
 2303United Microelectronics Corp. TWD10 | 1.16% | 0.07% | 0.07% |
 2382Quanta Computer Inc. TWD10 | 1.29% | 0.06% | 0.06% |
 M4BChina Merchants Bank Co Ltd. 'H'CNY1 | 0.43% | 0.06% | 0.06% |
 WI4Weichai Power Co Ltd. 'H'CNY1 | 0.43% | 0.06% | 0.06% |
 IKFChina Shenhua Energy Co Ltd. 'H'CNY1 | 1.07% | 0.05% | 0.05% |
 000810Samsung Fire & Marine Insurance Co Ltd KRW500 | 0.06% | 0.05% | 0.05% |
 GFNORTEOGrupo Financiero Banorte S.A.B. de C.V. COM NPV SERIES O | 1.99% | 0.05% | 0.05% |
 SBKStandard Bank Group Ltd. ZAR0.1 | 0.70% | 0.05% | 0.05% |
 VBBR3Vibra Energia SA COM NPV | 0.36% | 0.04% | 0.04% |
 STCSARSaudi Telecom Company SAR10 | 0.86% | 0.04% | 0.04% |
 2885Yuanta Financial Holding Co., Ltd. TWD10 | 0.16% | 0.04% | 0.04% |
 2882Cathay Financial Holding Co Ltd. TWD10 | 0.51% | 0.04% | 0.04% |
 FUISFFubon Financial Holding Co Ltd. TWD10 | 0.53% | 0.04% | 0.04% |
 PKNOrlen SA PLN1.25 | 1.92% | 0.04% | 0.04% |
 EK7Agricultural Bank of China Ltd. 'H'CNY1 | 0.49% | 0.04% | 0.04% |
 RENT3Localiza Rent a Car SA COM NPV 144A/REG | 0.40% | 0.04% | 0.04% |
Showing the top 250 of 443 shared holdings by overlap weight.
Frequently Asked Questions
How much do DEM and DFAX overlap?
DEM and DFAX overlap by 4.6% of portfolio weight. They share 443 holdings (DEM holds 533 positions and DFAX holds 10527), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DEM and DFAX?
The two portfolios are 4.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DEM and DFAX?
The largest positions held by both funds are C6T, 2454, 2318RUB, 2891 and 086790. Together the top 10 shared positions account for 23% of the total overlap.
What does DEM own that DFAX doesn't?
90 positions (8.9% of DEM) are unique to DEM, led by 601857, ADVANC-R and 601088. In the other direction, 10084 positions (94.9% of DFAX) are unique to DFAX.