DES vs DFAS: Holdings Overlap
DESWisdomTree U.S. SmallCap Dividend Fund
WisdomTree · 530 holdings · $2.2B · as of 2026-03-31
DFASDimensional U.S. Small Cap ETF
Dimensional · 2121 holdings · $15.3B · as of 2026-04-30
Holdings snapshots are 30 days apart (DES: 2026-03-31, DFAS: 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 DES and DFAS?
WisdomTree U.S. SmallCap Dividend Fund (DES, by WisdomTree) holds 530 positions; Dimensional U.S. Small Cap ETF (DFAS, by Dimensional) holds 2121. They have 463 holdings in common, and by portfolio weight the two funds are 19.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 19.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 463DES holds 530 · DFAS holds 2121
- Weight in Shared Holdings
- DES 89%·DFAS 20%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 DES
67 of 530 positions (11.2% of the fund) are not held by DFAS. Showing the top 30 by weight.
Only in DFAS
1658 of 2121 positions (80.3% of the fund) are not held by DES. Showing the top 30 by weight.
Sector Breakdown
| Sector | DES | DFAS |
|---|---|---|
| Financials | 23.2% | 19.2% |
| Industrials | 13.1% | 20.6% |
| Consumer Discretionary | 13.8% | 12.4% |
| Information Technology | 3.3% | 12.0% |
| Energy | 11.3% | 6.6% |
| Other Sectors | 30.8% | 26.4% |
| Unclassified | 4.2% | 2.7% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (4% of DES, 3% of DFAS).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DES | +3.2% | +24.6% | +33.0% | +13.6% | +8.4% | +8.2% | 2.22% |
| DFAS | +3.2% | +20.5% | +31.3% | +14.8% | +9.1% | — | 0.95% |
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 DES vs DFAS →
Shared Holdings(463)
The top 10 shared positions account for 7% of the overlap, led by POWL, AVT and AROC.
 POWLPowell Industries Inc. COM | 0.29% | 0.21% | 0.21% |
|---|---|---|---|
 AVTAvnet, Inc. COM | 0.60% | 0.16% | 0.16% |
 AROCArchrock Inc COM | 0.85% | 0.16% | 0.16% |
 TEXTerex Corporation COM | 0.28% | 0.15% | 0.15% |
 KGSKodiak Gas Services Inc. COM | 1.03% | 0.14% | 0.14% |
 MATXMatson Inc COM | 0.35% | 0.13% | 0.13% |
 CRCCalifornia Resources Corporation COM STOCK | 0.91% | 0.13% | 0.13% |
 MGYMagnolia Oil & Gas Corporation CL A | 0.63% | 0.13% | 0.13% |
 LBRTLiberty Energy, Inc., Class A | 0.43% | 0.13% | 0.13% |
 BCBrunswick Corporation COM | 0.50% | 0.12% | 0.12% |
 PBFPBF Energy, Inc., Class A | 0.74% | 0.12% | 0.12% |
 ASBAssociated Banc-Corp COM | 0.50% | 0.11% | 0.11% |
 VCTRVictory Capital Holdings, Inc. COM CL A | 0.44% | 0.11% | 0.11% |
 EBCEastern Bankshares Inc COM | 0.40% | 0.11% | 0.11% |
 DANDana Inc. COM | 0.39% | 0.11% | 0.11% |
 SONSonoco Products Company COM | 1.06% | 0.11% | 0.11% |
 PTENPatterson-UTI Energy Inc. COM | 0.89% | 0.11% | 0.11% |
 TPCTutor Perini Corporation COM | 0.18% | 0.11% | 0.11% |
 FHIFederated Hermes, Inc., Class B | 0.56% | 0.11% | 0.11% |
 SEBSeaboard Corp Del COM | 0.24% | 0.11% | 0.11% |
 PSMTPricesmart Inc COM | 0.26% | 0.11% | 0.11% |
 PVHPVH Corp. COM | 0.14% | 0.11% | 0.11% |
 SXTSensient Technologies Corp COM | 0.30% | 0.10% | 0.10% |
 HCCWarrior Met Coal Inc COM | 0.20% | 0.10% | 0.10% |
 MDUMDU Resources Group, Inc. COM | 0.49% | 0.10% | 0.10% |
Showing the top 250 of 463 shared holdings by overlap weight.
Frequently Asked Questions
How much do DES and DFAS overlap?
DES and DFAS overlap by 19.5% of portfolio weight. They share 463 holdings (DES holds 530 positions and DFAS holds 2121), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DES and DFAS?
The two portfolios are 19.5% 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 DES and DFAS?
The largest positions held by both funds are POWL, AVT, AROC, TEX and KGS. Together the top 10 shared positions account for 7% of the total overlap.
What does DES own that DFAS doesn't?
67 positions (11.2% of DES) are unique to DES, led by EPR, OUT and HASI. In the other direction, 1658 positions (80.3% of DFAS) are unique to DFAS.