DFAE vs SPEM: Holdings Overlap
DFAEDimensional Emerging Core Equity Market ETF
Dimensional · 6342 holdings · $9.5B · as of 2026-04-30
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
Holdings snapshots are 98 days apart (DFAE: 2026-04-30, SPEM: 2026-08-06). 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 SPEM?
Dimensional Emerging Core Equity Market ETF (DFAE, by Dimensional) holds 6342 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 1411 holdings in common, and by portfolio weight the two funds are 57.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 57.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1411DFAE holds 6342 · SPEM holds 2776
- Weight in Shared Holdings
- DFAE 62%·SPEM 91%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
4931 of 6342 positions (38.0% of the fund) are not held by SPEM. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAE | SPEM |
|---|---|---|
| Information Technology | 28.8% | 25.3% |
| Financials | 10.5% | 15.1% |
| Consumer Discretionary | 5.6% | 7.0% |
| Communication Services | 4.7% | 5.4% |
| Materials | 3.0% | 3.8% |
| Other Sectors | 8.6% | 8.7% |
| Unclassified | 39.1% | 43.5% |
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, 40% of SPEM).
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% |
| SPEM | +2.8% | +13.1% | +22.8% | +17.3% | +7.2% | +8.6% | 2.48% |
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 SPEM →
Shared Holdings(1411)
The top 10 shared positions account for 36% of the overlap, led by TSMWF, 700 and 9988.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 12.22% | 14.02% | 12.22% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 2.65% | 3.01% | 2.65% |
 9988Alibaba Group Holding Ltd | 1.40% | 2.36% | 1.40% |
 2308Delta Electronics Inc | 0.90% | 0.95% | 0.90% |
 C6TChina Construction Bank Corp | 0.78% | 0.88% | 0.78% |
 2454MediaTek Inc | 0.69% | 1.64% | 0.69% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.53% | 0.96% | 0.53% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.52% | 0.54% | 0.52% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.44% | 0.55% | 0.44% |
 IBNICICI Bank Ltd | 0.42% | 0.74% | 0.42% |
 BHARTIBharti Airtel Ltd | 0.41% | 0.55% | 0.41% |
 1810Xiaomi Corp | 0.40% | 0.47% | 0.40% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.47% | 0.40% | 0.40% |
 RJHISARAl Rajhi Bank | 0.35% | 0.44% | 0.35% |
 HDFCBHDFC Bank Ltd | 0.34% | 0.75% | 0.34% |
 W8VBank of China Ltd | 0.33% | 0.43% | 0.33% |
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.34% | 0.33% | 0.33% |
 VALEVale SA | 0.33% | 0.38% | 0.33% |
 3690Meituan, B Shares | 0.32% | 0.48% | 0.32% |
 3037Unimicron Technology Corp | 0.31% | 0.44% | 0.31% |
 ARAMCSARSaudi Arabian Oil Co | 0.28% | 0.28% | 0.28% |
 9999NetEase Inc | 0.28% | 0.41% | 0.28% |
 2345Accton Technology Corp | 0.30% | 0.26% | 0.26% |
 2383Elite Material Co Ltd | 0.26% | 0.38% | 0.26% |
 FJZZijin Mining Group Co Ltd | 0.24% | 0.32% | 0.24% |
Showing the top 250 of 1411 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAE and SPEM overlap?
DFAE and SPEM overlap by 57.4% of portfolio weight. They share 1411 holdings (DFAE holds 6342 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAE and SPEM?
The two portfolios are 57.4% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of DFAE and SPEM?
The largest positions held by both funds are TSMWF, 700, 9988, 2308 and C6T. Together the top 10 shared positions account for 36% of the total overlap.
What does DFAE own that SPEM doesn't?
4931 positions (38.0% of DFAE) are unique to DFAE, led by 005930, 000660 and SMSNRUB. In the other direction, 1365 positions (18.3% of SPEM) are unique to SPEM.