DFAE vs EEM: Holdings Overlap
DFAEDimensional Emerging Core Equity Market ETF
Dimensional · 6342 holdings · $9.5B · as of 2026-04-30
EEMiShares MSCI Emerging Markets ETF
iShares · 1246 holdings · $30.2B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFAE: 2026-04-30, EEM: 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 DFAE and EEM?
Dimensional Emerging Core Equity Market ETF (DFAE, by Dimensional) holds 6342 positions; iShares MSCI Emerging Markets ETF (EEM, by iShares) holds 1246. They have 1019 holdings in common, and by portfolio weight the two funds are 70.3% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 70.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1019DFAE holds 6342 · EEM holds 1246
- Weight in Shared Holdings
- DFAE 75%·EEM 92%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 DFAE
5323 of 6342 positions (24.9% of the fund) are not held by EEM. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAE | EEM |
|---|---|---|
| Information Technology | 28.8% | 41.0% |
| Financials | 10.5% | 12.6% |
| Consumer Discretionary | 5.6% | 6.8% |
| Communication Services | 4.7% | 5.3% |
| Materials | 3.0% | 3.3% |
| Other Sectors | 8.6% | 9.3% |
| Unclassified | 39.1% | 21.6% |
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 (39% of DFAE, 22% of EEM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFAE | +0.3% | +20.0% | +33.0% | +20.1% | +9.2% | — | 1.80% |
| EEM | -0.1% | +20.6% | +35.3% | +20.3% | +7.3% | +8.4% | 1.70% |
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 DFAE vs EEM →
Shared Holdings(1019)
The top 10 shared positions account for 39% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 12.22% | 14.26% | 12.22% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 4.35% | 7.76% | 4.35% |
 000660SK hynix Inc | 3.49% | 6.64% | 3.49% |
 700Tencent Holdings Ltd. | 2.65% | 2.71% | 2.65% |
 9988Alibaba Group Holding Ltd | 1.40% | 2.08% | 1.40% |
 2308Delta Electronics Inc | 0.90% | 1.17% | 0.90% |
 C6TChina Construction Bank Corp | 0.78% | 0.81% | 0.78% |
 2454MediaTek Inc | 0.69% | 1.62% | 0.69% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.53% | 0.90% | 0.53% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.52% | 0.47% | 0.47% |
 RELIANCEReliance Industries Ltd | 0.45% | 0.66% | 0.45% |
 005380Hyundai Motor Co | 0.43% | 0.50% | 0.43% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.44% | 0.43% | 0.43% |
 1810Xiaomi Corp | 0.40% | 0.48% | 0.40% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.47% | 0.40% | 0.40% |
 BHARTIBharti Airtel Ltd | 0.41% | 0.39% | 0.39% |
 RJHISARAl Rajhi Bank | 0.35% | 0.41% | 0.35% |
 HDFCBHDFC Bank Ltd | 0.34% | 0.70% | 0.34% |
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.34% | 0.33% | 0.33% |
 W8VBank of China Ltd | 0.33% | 0.37% | 0.33% |
 3690Meituan, B Shares | 0.32% | 0.38% | 0.32% |
 3037Unimicron Technology Corp | 0.31% | 0.35% | 0.31% |
 PETR4Petroleo Brasileiro SA - Petrobras | 0.37% | 0.30% | 0.30% |
 2345Accton Technology Corp | 0.30% | 0.30% | 0.30% |
 AUAnglogold Ashanti PLC COM SHS | 0.29% | 0.38% | 0.29% |
Showing the top 250 of 1019 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAE and EEM overlap?
DFAE and EEM overlap by 70.3% of portfolio weight. They share 1019 holdings (DFAE holds 6342 positions and EEM holds 1246), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAE and EEM?
The two portfolios are 70.3% 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 DFAE and EEM?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and 9988. Together the top 10 shared positions account for 39% of the total overlap.
What does DFAE own that EEM doesn't?
5323 positions (24.9% of DFAE) are unique to DFAE, led by SMSNRUB, BABA and IBN. In the other direction, 227 positions (8.3% of EEM) are unique to EEM.