DFAE vs VEU: Holdings Overlap
DFAEDimensional Emerging Core Equity Market ETF
Dimensional · 6342 holdings · $9.5B · as of 2026-04-30
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
How similar are DFAE and VEU?
Dimensional Emerging Core Equity Market ETF (DFAE, by Dimensional) holds 6342 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 1982 holdings in common, and by portfolio weight the two funds are 29.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 29.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1982DFAE holds 6342 · VEU holds 3855
- Weight in Shared Holdings
- DFAE 83%·VEU 30%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
4360 of 6342 positions (17.2% of the fund) are not held by VEU. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAE | VEU |
|---|---|---|
| Information Technology | 28.8% | 16.2% |
| Financials | 10.5% | 20.0% |
| Industrials | 2.4% | 11.7% |
| Consumer Discretionary | 5.6% | 6.1% |
| Health Care | 0.7% | 5.6% |
| Other Sectors | 13.2% | 21.9% |
| Unclassified | 39.1% | 17.4% |
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 VEU).
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% |
| VEU | +2.8% | +16.6% | +28.4% | +19.2% | +9.6% | +9.9% | 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 VEU →
Shared Holdings(1982)
The top 10 shared positions account for 36% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 12.22% | 4.28% | 4.28% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 4.35% | 1.81% | 1.81% |
 000660SK hynix Inc | 3.49% | 1.23% | 1.23% |
 700Tencent Holdings Ltd. | 2.65% | 0.96% | 0.96% |
 9988Alibaba Group Holding Ltd | 1.40% | 0.75% | 0.75% |
 2308Delta Electronics Inc | 0.90% | 0.34% | 0.34% |
 2454MediaTek Inc | 0.69% | 0.31% | 0.31% |
 RELIANCEReliance Industries Ltd | 0.45% | 0.26% | 0.26% |
 C6TChina Construction Bank Corp | 0.78% | 0.25% | 0.25% |
 HDFCBHDFC Bank Ltd | 0.34% | 0.24% | 0.24% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.53% | 0.22% | 0.22% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.52% | 0.19% | 0.19% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.44% | 0.18% | 0.18% |
 1810Xiaomi Corp | 0.40% | 0.16% | 0.16% |
 BHARTIBharti Airtel Ltd | 0.41% | 0.15% | 0.15% |
 3690Meituan, B Shares | 0.32% | 0.15% | 0.15% |
 RJHISARAl Rajhi Bank | 0.35% | 0.14% | 0.14% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.47% | 0.13% | 0.13% |
 3711ASE Technology Holding Co Ltd | 0.23% | 0.13% | 0.13% |
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.34% | 0.12% | 0.12% |
 005380Hyundai Motor Co | 0.43% | 0.12% | 0.12% |
 AUAnglogold Ashanti PLC COM SHS | 0.29% | 0.12% | 0.12% |
 W8VBank of China Ltd | 0.33% | 0.11% | 0.11% |
 ARAMCSARSaudi Arabian Oil Co | 0.28% | 0.11% | 0.11% |
 9999NetEase Inc | 0.28% | 0.11% | 0.11% |
Showing the top 250 of 1982 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAE and VEU overlap?
DFAE and VEU overlap by 29.3% of portfolio weight. They share 1982 holdings (DFAE holds 6342 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAE and VEU?
The two portfolios are 29.3% 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 VEU?
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 VEU doesn't?
4360 positions (17.2% of DFAE) are unique to DFAE, led by SMSNRUB, BABA and IBN. In the other direction, 1873 positions (69.1% of VEU) are unique to VEU.