DFAE vs IEMG: Holdings Overlap
DFAEDimensional Emerging Core Equity Market ETF
Dimensional · 6342 holdings · $9.5B · as of 2026-04-30
IEMGiShares Core MSCI Emerging Markets ETF
iShares · 2697 holdings · $156.6B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFAE: 2026-04-30, IEMG: 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 IEMG?
Dimensional Emerging Core Equity Market ETF (DFAE, by Dimensional) holds 6342 positions; iShares Core MSCI Emerging Markets ETF (IEMG, by iShares) holds 2697. They have 2128 holdings in common, and by portfolio weight the two funds are 75.6% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 75.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2128DFAE holds 6342 · IEMG holds 2697
- Weight in Shared Holdings
- DFAE 86%·IEMG 90%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
4214 of 6342 positions (14.1% of the fund) are not held by IEMG. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAE | IEMG |
|---|---|---|
| Information Technology | 28.8% | 36.2% |
| Financials | 10.5% | 11.0% |
| Consumer Discretionary | 5.6% | 6.0% |
| Communication Services | 4.7% | 4.6% |
| Materials | 3.0% | 2.9% |
| Other Sectors | 8.6% | 8.4% |
| Unclassified | 39.1% | 30.7% |
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 (39% of DFAE, 31% of IEMG).
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% |
| IEMG | +0.3% | +19.9% | +33.4% | +20.1% | +7.8% | +9.0% | 2.25% |
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 IEMG →
Shared Holdings(2128)
The top 10 shared positions account for 36% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 12.22% | 12.49% | 12.22% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 4.35% | 6.80% | 4.35% |
 000660SK hynix Inc | 3.49% | 5.82% | 3.49% |
 700Tencent Holdings Ltd. | 2.65% | 2.37% | 2.37% |
 9988Alibaba Group Holding Ltd | 1.40% | 1.82% | 1.40% |
 2308Delta Electronics Inc | 0.90% | 1.02% | 0.90% |
 C6TChina Construction Bank Corp | 0.78% | 0.71% | 0.71% |
 2454MediaTek Inc | 0.69% | 1.42% | 0.69% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.53% | 0.79% | 0.53% |
 RELIANCEReliance Industries Ltd | 0.45% | 0.58% | 0.45% |
 005380Hyundai Motor Co | 0.43% | 0.44% | 0.43% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.52% | 0.41% | 0.41% |
 1810Xiaomi Corp | 0.40% | 0.42% | 0.40% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.44% | 0.38% | 0.38% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.47% | 0.35% | 0.35% |
 RJHISARAl Rajhi Bank | 0.35% | 0.36% | 0.35% |
 HDFCBHDFC Bank Ltd | 0.34% | 0.61% | 0.34% |
 BHARTIBharti Airtel Ltd | 0.41% | 0.34% | 0.34% |
 W8VBank of China Ltd | 0.33% | 0.32% | 0.32% |
 3690Meituan, B Shares | 0.32% | 0.33% | 0.32% |
 3037Unimicron Technology Corp | 0.31% | 0.30% | 0.30% |
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.34% | 0.29% | 0.29% |
 AUAnglogold Ashanti PLC COM SHS | 0.29% | 0.33% | 0.29% |
 ARAMCSARSaudi Arabian Oil Co | 0.28% | 0.30% | 0.28% |
 9999NetEase Inc | 0.28% | 0.29% | 0.28% |
Showing the top 250 of 2128 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAE and IEMG overlap?
DFAE and IEMG overlap by 75.6% of portfolio weight. They share 2128 holdings (DFAE holds 6342 positions and IEMG holds 2697), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAE and IEMG?
The two portfolios are 75.6% 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 DFAE and IEMG?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and 9988. Together the top 10 shared positions account for 36% of the total overlap.
What does DFAE own that IEMG doesn't?
4214 positions (14.1% of DFAE) are unique to DFAE, led by SMSNRUB, BABA and IBN. In the other direction, 569 positions (9.4% of IEMG) are unique to IEMG.