DFAE vs SPDW: Holdings Overlap
DFAEDimensional Emerging Core Equity Market ETF
Dimensional · 6342 holdings · $9.5B · as of 2026-04-30
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
Holdings snapshots are 96 days apart (DFAE: 2026-04-30, SPDW: 2026-08-04). 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 SPDW?
Dimensional Emerging Core Equity Market ETF (DFAE, by Dimensional) holds 6342 positions; State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342. They have 204 holdings in common, and by portfolio weight the two funds are 5.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 204DFAE holds 6342 · SPDW holds 2342
- Weight in Shared Holdings
- DFAE 16%·SPDW 7%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
6138 of 6342 positions (84.2% of the fund) are not held by SPDW. Showing the top 30 by weight.
Only in SPDW
2138 of 2342 positions (91.8% of the fund) are not held by DFAE. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAE | SPDW |
|---|---|---|
| Information Technology | 28.8% | 12.6% |
| Financials | 10.5% | 21.9% |
| Industrials | 2.4% | 13.2% |
| Health Care | 0.7% | 6.3% |
| Materials | 3.0% | 5.9% |
| Other Sectors | 15.7% | 21.5% |
| Unclassified | 39.1% | 17.3% |
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, 18% of SPDW).
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% |
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
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 SPDW →
Shared Holdings(204)
The top 10 shared positions account for 62% of the overlap, led by 000660, SMSNRUB and 105560.
 000660SK hynix Inc | 3.49% | 1.68% | 1.68% |
|---|---|---|---|
 SMSNRUBSamsung Electronics Co Ltd | 0.64% | 2.29% | 0.64% |
 105560KB Financial Group Inc | 0.23% | 0.15% | 0.15% |
 009150Samsung Electro-Mechanics Co Ltd | 0.25% | 0.14% | 0.14% |
 005930Samsung Electronics Co Ltd | 4.35% | 0.12% | 0.12% |
 005380Hyundai Motor Co | 0.43% | 0.11% | 0.11% |
 055550Shinhan Financial Group Co Ltd | 0.19% | 0.11% | 0.11% |
 086790Hana Financial Group Inc | 0.28% | 0.07% | 0.07% |
 033780KT&G Corp. KRW5000 | 0.10% | 0.07% | 0.07% |
 012450Hanwha Aerospace Co Ltd | 0.20% | 0.07% | 0.07% |
 068270Celltrion Inc | 0.10% | 0.07% | 0.07% |
 035420NAVER Corp | 0.10% | 0.07% | 0.07% |
 034020Doosan Enerbility Co Ltd | 0.28% | 0.07% | 0.07% |
 032830Samsung Life Insurance Co Ltd | 0.10% | 0.06% | 0.06% |
 000150Doosan Co Ltd | 0.07% | 0.05% | 0.05% |
 PKXPOSCO Holdings Inc | 0.05% | 0.06% | 0.05% |
 006400Samsung SDI Co Ltd. KRW5000 | 0.24% | 0.05% | 0.05% |
 298040Hyosung Heavy Industries Corporation KRW5000 | 0.11% | 0.05% | 0.05% |
 316140Woori Financial Group Inc | 0.14% | 0.04% | 0.04% |
 000810Samsung Fire & Marine Insurance Co Ltd | 0.09% | 0.04% | 0.04% |
 066570LG Electronics Inc | 0.12% | 0.04% | 0.04% |
 034730SK Inc | 0.10% | 0.04% | 0.04% |
 009540HD Korea Shipbuilding & Offshore Engineering Co Ltd | 0.14% | 0.04% | 0.04% |
 207940Samsung Biologics Co Ltd | 0.06% | 0.04% | 0.04% |
 267260HD Hyundai Electric Co Ltd. KRW5000 | 0.16% | 0.03% | 0.03% |
Frequently Asked Questions
How much do DFAE and SPDW overlap?
DFAE and SPDW overlap by 5.2% of portfolio weight. They share 204 holdings (DFAE holds 6342 positions and SPDW holds 2342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAE and SPDW?
The two portfolios are 5.2% 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 SPDW?
The largest positions held by both funds are 000660, SMSNRUB, 105560, 009150 and 005930. Together the top 10 shared positions account for 62% of the total overlap.
What does DFAE own that SPDW doesn't?
6138 positions (84.2% of DFAE) are unique to DFAE, led by TSMWF, 700 and 9988. In the other direction, 2138 positions (91.8% of SPDW) are unique to SPDW.