DFAC vs FNDX: Holdings Overlap
DFACDimensional U.S. Core Equity 2 ETF
Dimensional · 2546 holdings · $47.9B · as of 2026-04-30
FNDXSchwab Fundamental U.S. Large Company ETF
Schwab · 733 holdings · $27.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFAC: 2026-04-30, FNDX: 2026-05-31). 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 DFAC and FNDX?
Dimensional U.S. Core Equity 2 ETF (DFAC, by Dimensional) holds 2546 positions; Schwab Fundamental U.S. Large Company ETF (FNDX, by Schwab) holds 733. They have 689 holdings in common, and by portfolio weight the two funds are 62.6% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 62.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 689DFAC holds 2546 · FNDX holds 733
- Weight in Shared Holdings
- DFAC 82%·FNDX 98%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 DFAC
1857 of 2546 positions (18.0% of the fund) are not held by FNDX. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAC | FNDX |
|---|---|---|
| Information Technology | 27.1% | 21.4% |
| Financials | 14.6% | 13.8% |
| Industrials | 13.6% | 9.3% |
| Health Care | 8.9% | 11.8% |
| Consumer Discretionary | 10.2% | 8.7% |
| Other Sectors | 24.9% | 34.7% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFAC | +3.7% | +16.6% | +26.8% | +19.5% | +12.3% | — | 0.88% |
| FNDX | +3.1% | +19.7% | +33.0% | +20.0% | +14.0% | +14.3% | 1.43% |
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 DFAC vs FNDX →
Shared Holdings(689)
The top 10 shared positions account for 28% of the overlap, led by AAPL, MSFT and GOOGL.
 AAPLApple Inc. COM | 4.68% | 4.63% | 4.63% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 3.92% | 2.32% | 2.32% |
 GOOGLAlphabet Inc. CAP STK CL A | 2.14% | 2.38% | 2.14% |
 AMZNAmazon.com, Inc. COM | 3.06% | 1.85% | 1.85% |
 GOOGAlphabet Inc. CAP STK CL C | 1.69% | 1.89% | 1.69% |
 METAMeta Platforms, Inc., Class A | 1.87% | 1.24% | 1.24% |
 JPMJPMorgan Chase & Co. COM | 1.00% | 1.38% | 1.00% |
 XOMExxon Mobil Corp. COM | 0.88% | 2.28% | 0.88% |
 JNJJohnson & Johnson COM | 0.82% | 0.96% | 0.82% |
 MUMicron Technology Inc. COM | 0.71% | 1.59% | 0.71% |
 BRK-BBerkshire Hathaway, Inc., Class B | 0.71% | 1.41% | 0.71% |
 AVGOBroadcom Inc COM | 0.95% | 0.65% | 0.65% |
 CVXChevron Corp. COM | 0.56% | 1.48% | 0.56% |
 NVDANVIDIA Corp. COM | 5.60% | 0.55% | 0.55% |
 PGThe Procter & Gamble Co. COM | 0.50% | 0.66% | 0.50% |
 CATCaterpillar Inc COM | 0.49% | 0.60% | 0.49% |
 COSTCostco Wholesale Corporation COM | 0.47% | 0.53% | 0.47% |
 CSCOCisco Systems, Inc. COM | 0.46% | 0.90% | 0.46% |
 ABBVAbbVie Inc. COM | 0.40% | 0.53% | 0.40% |
 HDHome Depot, Inc. (The) | 0.38% | 0.52% | 0.38% |
 MRKMerck & Co., Inc COM | 0.38% | 0.68% | 0.38% |
 LRCXLam Research Corporation COM NEW | 0.37% | 0.41% | 0.37% |
 KOCoca-Cola Co (The) COM | 0.39% | 0.34% | 0.34% |
 VVisa, Inc., Class A | 0.65% | 0.33% | 0.33% |
 GSGoldman Sachs Group, Inc. (The) | 0.32% | 0.58% | 0.32% |
Showing the top 250 of 689 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAC and FNDX overlap?
DFAC and FNDX overlap by 62.6% of portfolio weight. They share 689 holdings (DFAC holds 2546 positions and FNDX holds 733), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAC and FNDX?
The two portfolios are 62.6% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of DFAC and FNDX?
The largest positions held by both funds are AAPL, MSFT, GOOGL, AMZN and GOOG. Together the top 10 shared positions account for 28% of the total overlap.
What does DFAC own that FNDX doesn't?
1857 positions (18.0% of DFAC) are unique to DFAC, led by NXPI, FIX and LITE. In the other direction, 44 positions (1.7% of FNDX) are unique to FNDX.