DFAI vs FNDF: Holdings Overlap
DFAIDimensional International Core Equity Market ETF
Dimensional · 3726 holdings · $17.5B · as of 2026-04-30
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFAI: 2026-04-30, FNDF: 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 DFAI and FNDF?
Dimensional International Core Equity Market ETF (DFAI, by Dimensional) holds 3726 positions; Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888. They have 761 holdings in common, and by portfolio weight the two funds are 58.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 58.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 761DFAI holds 3726 · FNDF holds 888
- Weight in Shared Holdings
- DFAI 77%·FNDF 83%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 DFAI
2965 of 3726 positions (21.9% of the fund) are not held by FNDF. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAI | FNDF |
|---|---|---|
| Financials | 20.2% | 15.8% |
| Industrials | 13.8% | 11.4% |
| Information Technology | 6.9% | 12.3% |
| Energy | 5.6% | 10.0% |
| Materials | 7.1% | 9.5% |
| Other Sectors | 25.0% | 27.2% |
| Unclassified | 20.8% | 13.1% |
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 (21% of DFAI, 13% of FNDF).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFAI | +4.2% | +15.2% | +26.8% | +19.3% | +10.7% | — | 2.24% |
| FNDF | +4.2% | +22.8% | +39.1% | +23.1% | +14.5% | +12.0% | 2.97% |
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 DFAI vs FNDF →
Shared Holdings(761)
The top 10 shared positions account for 12% of the overlap, led by SHEL, HSBA and ROP.
 SHELShell PLC | 1.04% | 2.19% | 1.04% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 1.04% | 1.00% | 1.00% |
 ROPRoche Holding AG | 0.97% | 0.82% | 0.82% |
 NESNNestle SA (Registered) | 0.90% | 0.67% | 0.67% |
 TTETotalEnergies SE EUR2.5 | 0.65% | 1.69% | 0.65% |
 7203Toyota Motor Corp. NPV | 0.64% | 0.89% | 0.64% |
 BP-BP plc | 0.56% | 1.08% | 0.56% |
 BHPBHP Group Ltd. | 0.56% | 1.22% | 0.56% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.91% | 0.52% | 0.52% |
 TDThe Toronto-Dominion Bank COM NEW | 0.60% | 0.50% | 0.50% |
 DTEDeutsche Telekom AG (Registered) | 0.49% | 0.62% | 0.49% |
 SIESiemens AG (Registered) | 0.55% | 0.47% | 0.47% |
 ALVAllianz SE (Registered) | 0.43% | 0.43% | 0.43% |
 6501Hitachi Ltd. NPV | 0.43% | 0.40% | 0.40% |
 CNQCanadian Natural Resources Ltd. | 0.40% | 0.45% | 0.40% |
 SUSuncor Energy, Inc. | 0.39% | 0.51% | 0.39% |
 ASMLASML Holding NV | 0.39% | 0.40% | 0.39% |
 SANBanco Santander SA | 0.38% | 0.73% | 0.38% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.95% | 0.38% | 0.38% |
 GSKGSK plc | 0.39% | 0.36% | 0.36% |
 ENBEnbridge Inc. COM | 0.35% | 0.37% | 0.35% |
 ENELEnel S.p.A. EUR1 | 0.35% | 0.38% | 0.35% |
 BATSBritish American Tobacco PLC | 0.34% | 0.58% | 0.34% |
 RIORio Tinto PLC | 0.34% | 0.80% | 0.34% |
 BNSBank of Nova Scotia (The) | 0.34% | 0.35% | 0.34% |
Showing the top 250 of 761 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAI and FNDF overlap?
DFAI and FNDF overlap by 58.3% of portfolio weight. They share 761 holdings (DFAI holds 3726 positions and FNDF holds 888), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAI and FNDF?
The two portfolios are 58.3% 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 DFAI and FNDF?
The largest positions held by both funds are SHEL, HSBA, ROP, NESN and TTE. Together the top 10 shared positions account for 12% of the total overlap.
What does DFAI own that FNDF doesn't?
2965 positions (21.9% of DFAI) are unique to DFAI, led by ASML, NVS and BBVA. In the other direction, 127 positions (16.2% of FNDF) are unique to FNDF.