DFAI vs VNQI: Holdings Overlap
DFAIDimensional International Core Equity Market ETF
Dimensional · 3726 holdings · $17.5B · as of 2026-04-30
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
How similar are DFAI and VNQI?
Dimensional International Core Equity Market ETF (DFAI, by Dimensional) holds 3726 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 112 holdings in common, and by portfolio weight the two funds are 1.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 112DFAI holds 3726 · VNQI holds 710
- Weight in Shared Holdings
- DFAI 1%·VNQI 33%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
3614 of 3726 positions (98.0% of the fund) are not held by VNQI. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAI | VNQI |
|---|---|---|
| Real Estate | 0.7% | 64.7% |
| Financials | 20.2% | 0.0% |
| Industrials | 13.8% | 0.0% |
| Health Care | 7.2% | 0.0% |
| Materials | 7.1% | 0.0% |
| Other Sectors | 29.5% | 0.0% |
| Unclassified | 20.8% | 34.3% |
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, 35% of VNQI).
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% |
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
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 VNQI →
Shared Holdings(112)
The top 10 shared positions account for 52% of the overlap, led by 1925, 8801 and 8802.
 1925Daiwa House Industry Co. Ltd. | 0.09% | 1.68% | 0.09% |
|---|---|---|---|
 8801Mitsui Fudosan Co. Ltd. | 0.09% | 2.76% | 0.09% |
 8802Mitsubishi Estate Co. Ltd. | 0.08% | 3.14% | 0.08% |
 VNAVonovia SE | 0.08% | 2.05% | 0.08% |
 16Sun Hung Kai Properties Ltd. | 0.07% | 2.44% | 0.07% |
 8830Sumitomo Realty & Development Co. Ltd. | 0.07% | 2.63% | 0.07% |
 SPSNSwiss Prime Site AG | 0.06% | 1.26% | 0.06% |
 1113CK Asset Holdings Ltd | 0.05% | 1.12% | 0.05% |
 PSPNPSP Swiss Property AG | 0.04% | 0.83% | 0.04% |
 HKLHongkong Land Holdings Ltd | 0.04% | 0.71% | 0.04% |
 1878Daito Trust Construction Co. Ltd. | 0.03% | 0.63% | 0.03% |
 3289Tokyu Fudosan Holdings Corp | 0.03% | 0.46% | 0.03% |
 3003Hulic Co. Ltd. | 0.03% | 0.69% | 0.03% |
 12Henderson Land Development Co Ltd | 0.03% | 0.49% | 0.03% |
 1997Wharf Real Estate Investment Co Ltd | 0.02% | 0.46% | 0.02% |
 8804Tokyo Tatemono Co Ltd | 0.02% | 0.43% | 0.02% |
 CASTCastellum AB | 0.02% | 0.43% | 0.02% |
 LEGLEG Immobilien SE | 0.02% | 0.48% | 0.02% |
 ALLNAllreal Holding AG | 0.02% | 0.36% | 0.02% |
 3231Nomura Real Estate Holdings Inc | 0.02% | 0.31% | 0.02% |
 MOBNMobimo Holding AG | 0.02% | 0.32% | 0.02% |
 BALDBFastighets AB Balder, Class B | 0.02% | 0.38% | 0.02% |
 UOLUOL Group Ltd | 0.02% | 0.35% | 0.02% |
 CITCity Developments Ltd | 0.02% | 0.33% | 0.02% |
 TEGTAG Immobilien AG | 0.02% | 0.30% | 0.02% |
Frequently Asked Questions
How much do DFAI and VNQI overlap?
DFAI and VNQI overlap by 1.3% of portfolio weight. They share 112 holdings (DFAI holds 3726 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAI and VNQI?
The two portfolios are 1.3% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DFAI and VNQI?
The largest positions held by both funds are 1925, 8801, 8802, VNA and 16. Together the top 10 shared positions account for 52% of the total overlap.
What does DFAI own that VNQI doesn't?
3614 positions (98.0% of DFAI) are unique to DFAI, led by ASML, SHEL and HSBA. In the other direction, 598 positions (65.7% of VNQI) are unique to VNQI.