DFAI vs SPDW: Holdings Overlap
DFAIDimensional International Core Equity Market ETF
Dimensional · 3726 holdings · $17.5B · 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 (DFAI: 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 DFAI and SPDW?
Dimensional International Core Equity Market ETF (DFAI, by Dimensional) holds 3726 positions; State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342. They have 1535 holdings in common, and by portfolio weight the two funds are 72.8% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 72.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1535DFAI holds 3726 · SPDW holds 2342
- Weight in Shared Holdings
- DFAI 88%·SPDW 84%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
2191 of 3726 positions (11.4% of the fund) are not held by SPDW. Showing the top 30 by weight.
Only in SPDW
807 of 2342 positions (14.7% of the fund) are not held by DFAI. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAI | SPDW |
|---|---|---|
| Financials | 20.2% | 21.9% |
| Industrials | 13.8% | 13.2% |
| Information Technology | 6.9% | 12.6% |
| Health Care | 7.2% | 6.3% |
| Materials | 7.1% | 5.9% |
| Other Sectors | 23.3% | 21.5% |
| Unclassified | 20.8% | 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 (21% of DFAI, 18% of SPDW).
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% |
| 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 DFAI vs SPDW →
Shared Holdings(1535)
The top 10 shared positions account for 10% of the overlap, led by HSBA, ROP and RY.
 HSBAHSBC Holdings PLC | 1.04% | 1.03% | 1.03% |
|---|---|---|---|
 ROPRoche Holding AG | 0.97% | 0.93% | 0.93% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.91% | 0.87% | 0.87% |
 NESNNestle SA (Registered) | 0.90% | 0.76% | 0.76% |
 SHELShell PLC | 1.04% | 0.76% | 0.76% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.95% | 0.73% | 0.73% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.66% | 0.81% | 0.66% |
 7203Toyota Motor Corp. NPV | 0.64% | 0.67% | 0.64% |
 TDThe Toronto-Dominion Bank COM NEW | 0.60% | 0.59% | 0.59% |
 BHPBHP Group Ltd. | 0.56% | 0.66% | 0.56% |
 SIESiemens AG (Registered) | 0.55% | 0.68% | 0.55% |
 CBACommonwealth Bank of Australia | 0.54% | 0.62% | 0.54% |
 TTETotalEnergies SE EUR2.5 | 0.65% | 0.51% | 0.51% |
 8035Tokyo Electron Ltd. NPV | 0.48% | 0.49% | 0.48% |
 6857Advantest Corp. NPV | 0.49% | 0.48% | 0.48% |
 RR-Rolls-Royce Holdings PLC | 0.46% | 0.54% | 0.46% |
 6501Hitachi Ltd. NPV | 0.43% | 0.47% | 0.43% |
 ALVAllianz SE (Registered) | 0.43% | 0.56% | 0.43% |
 6758Sony Group Corp. NPV | 0.48% | 0.43% | 0.43% |
 SAPSAP SE | 0.42% | 0.59% | 0.42% |
 NOVOBNovo Nordisk A/S, Class B | 0.44% | 0.42% | 0.42% |
 UBSGUBS Group AG (Registered) | 0.42% | 0.50% | 0.42% |
 SUSchneider Electric SE EUR4.00 | 0.41% | 0.57% | 0.41% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 0.48% | 0.41% | 0.41% |
 UCGUniCredit SpA | 0.41% | 0.47% | 0.41% |
Showing the top 250 of 1535 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAI and SPDW overlap?
DFAI and SPDW overlap by 72.8% of portfolio weight. They share 1535 holdings (DFAI holds 3726 positions and SPDW holds 2342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAI and SPDW?
The two portfolios are 72.8% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of DFAI and SPDW?
The largest positions held by both funds are HSBA, ROP, RY, NESN and SHEL. Together the top 10 shared positions account for 10% of the total overlap.
What does DFAI own that SPDW doesn't?
2191 positions (11.4% of DFAI) are unique to DFAI, led by ASML, NVS and SAN. In the other direction, 807 positions (14.7% of SPDW) are unique to SPDW.