DFAE vs KWEB: Holdings Overlap
DFAEDimensional Emerging Core Equity Market ETF
Dimensional · 6342 holdings · $9.5B · as of 2026-04-30
KWEBKraneShares CSI China Internet ETF
KraneShares · 31 holdings · $5.7B · as of 2026-03-31
Holdings snapshots are 30 days apart (DFAE: 2026-04-30, KWEB: 2026-03-31). 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 KWEB?
Dimensional Emerging Core Equity Market ETF (DFAE, by Dimensional) holds 6342 positions; KraneShares CSI China Internet ETF (KWEB, by KraneShares) holds 31. They have 18 holdings in common, and by portfolio weight the two funds are 5.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 18DFAE holds 6342 · KWEB holds 31
- Weight in Shared Holdings
- DFAE 6%·KWEB 70%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
6324 of 6342 positions (94.4% of the fund) are not held by KWEB. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAE | KWEB |
|---|---|---|
| Consumer Discretionary | 5.6% | 39.5% |
| Communication Services | 4.7% | 29.3% |
| Information Technology | 28.8% | 0.0% |
| Financials | 10.5% | 0.0% |
| Real Estate | 0.6% | 4.3% |
| Other Sectors | 11.0% | 7.6% |
| Unclassified | 39.1% | 19.2% |
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, 19% of KWEB).
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% |
| KWEB | +12.3% | -15.8% | -15.2% | +2.0% | -6.7% | +0.1% | 7.31% |
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 KWEB →
Shared Holdings(18)
The top 10 shared positions account for 98% of the overlap, led by 700, 9988 and PDD.
 700Tencent Holdings Ltd. | 2.65% | 10.09% | 2.65% |
|---|---|---|---|
 9988Alibaba Group Holding Ltd | 1.40% | 8.93% | 1.40% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.52% | 8.78% | 0.52% |
 3690Meituan, B Shares | 0.32% | 7.36% | 0.32% |
 9999NetEase Inc | 0.28% | 5.91% | 0.28% |
 9961Trip.com Group Ltd | 0.23% | 3.56% | 0.23% |
 1024Kuaishou Technology | 0.14% | 3.33% | 0.14% |
 2423KE Holdings Inc | 0.05% | 4.34% | 0.05% |
 VIPSVipshop Holdings Ltd | 0.05% | 2.70% | 0.05% |
 TMETencent Music Entertainment Group SPON ADS | 0.04% | 2.50% | 0.04% |
 9626Bilibili Inc., Z Shares | 0.04% | 3.17% | 0.04% |
 780Tongcheng Travel Holdings Ltd | 0.03% | 1.90% | 0.03% |
 2400XD Inc | 0.02% | 1.34% | 0.02% |
 6060ZhongAn Online P&C Insurance Co Ltd | 0.02% | 1.10% | 0.02% |
 241Alibaba Health Information Technology Ltd | 0.01% | 2.23% | 0.01% |
 9899NetEase Cloud Music Inc | 0.01% | 1.06% | 0.01% |
 C2XChina Literature Ltd. | 0.01% | 0.98% | 0.01% |
 1797East Buy Holding Ltd | 0.00% | 1.12% | 0.00% |
Frequently Asked Questions
How much do DFAE and KWEB overlap?
DFAE and KWEB overlap by 5.8% of portfolio weight. They share 18 holdings (DFAE holds 6342 positions and KWEB holds 31), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAE and KWEB?
The two portfolios are 5.8% 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 DFAE and KWEB?
The largest positions held by both funds are 700, 9988, PDD, 3690 and 9999. Together the top 10 shared positions account for 98% of the total overlap.
What does DFAE own that KWEB doesn't?
6324 positions (94.4% of DFAE) are unique to DFAE, led by TSMWF, 005930 and 000660. In the other direction, 13 positions (29.5% of KWEB) are unique to KWEB.