DFAS vs DFAT: Holdings Overlap
DFASDimensional U.S. Small Cap ETF
Dimensional · 2121 holdings · $15.3B · as of 2026-04-30
DFATDimensional U.S. Targeted Value ETF
Dimensional · 1281 holdings · $14.5B · as of 2026-04-30
How similar are DFAS and DFAT?
Dimensional U.S. Small Cap ETF (DFAS, by Dimensional) holds 2121 positions; Dimensional U.S. Targeted Value ETF (DFAT, by Dimensional) holds 1281. They have 1221 holdings in common, and by portfolio weight the two funds are 50.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 50.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1221DFAS holds 2121 · DFAT holds 1281
- Weight in Shared Holdings
- DFAS 60%·DFAT 97%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 DFAS
900 of 2121 positions (40.3% of the fund) are not held by DFAT. Showing the top 30 by weight.
Only in DFAT
60 of 1281 positions (2.4% of the fund) are not held by DFAS. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAS | DFAT |
|---|---|---|
| Financials | 19.2% | 26.9% |
| Industrials | 20.6% | 16.5% |
| Consumer Discretionary | 12.4% | 12.9% |
| Information Technology | 12.0% | 7.9% |
| Health Care | 11.1% | 5.8% |
| Other Sectors | 21.9% | 26.7% |
| Unclassified | 2.7% | 2.9% |
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 (3% of DFAS, 3% of DFAT).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFAS | +3.2% | +20.5% | +31.3% | +14.8% | +9.1% | — | 0.95% |
| DFAT | +3.8% | +21.7% | +34.5% | +15.0% | +11.7% | — | 1.33% |
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 DFAS vs DFAT →
Shared Holdings(1221)
The top 10 shared positions account for 5% of the overlap, led by AMKR, TTMI and WCC.
 AMKRAmkor Technology, Inc. COM | 0.34% | 0.78% | 0.34% |
|---|---|---|---|
 TTMITTM Technologies Inc COM | 0.34% | 0.46% | 0.34% |
 WCCWesco International, Inc. COM | 0.29% | 0.86% | 0.29% |
 BWABorgWarner Inc. COM | 0.25% | 0.59% | 0.25% |
 APAAPA Corp. COM | 0.25% | 0.73% | 0.25% |
 SANMSanmina Corporation | 0.24% | 0.28% | 0.24% |
 PNFPPinnacle Financial Partners Inc. COM | 0.23% | 0.37% | 0.23% |
 DINOHF Sinclair Corporation | 0.23% | 0.47% | 0.23% |
 AAAlcoa Corporation COM | 0.22% | 0.28% | 0.22% |
 DTMDT Midstream Inc COMMON STOCK | 0.22% | 0.31% | 0.22% |
 RRCRange Resources Corporation | 0.21% | 0.33% | 0.21% |
 DARDarling Ingredients, Inc COM | 0.21% | 0.43% | 0.21% |
 ELANElanco Animal Health Inc COM | 0.21% | 0.46% | 0.21% |
 IVZInvesco Ltd COM STK USD0.20 | 0.21% | 0.49% | 0.21% |
 PRPermian Resources Corporation Class A | 0.21% | 0.89% | 0.21% |
 WTFCWintrust Financial Corporation COM | 0.21% | 0.30% | 0.21% |
 OVVOvintiv Inc COM | 0.20% | 0.73% | 0.20% |
 ARWArrow Electronics, Inc. COM | 0.20% | 0.50% | 0.20% |
 FHNFirst Horizon Corporation COM | 0.20% | 0.55% | 0.20% |
 BPOPPopular, Inc. COM USD0.01 | 0.20% | 0.44% | 0.20% |
 SSBSouthState Bank Corporation | 0.20% | 0.43% | 0.20% |
 KNXKnight-Swift Transportation Holdings Inc. Class A | 0.20% | 0.48% | 0.20% |
 UMBFUMB Financial Corporation | 0.19% | 0.29% | 0.19% |
 OSKOshkosh Corporation COM | 0.19% | 0.33% | 0.19% |
 ARMKAramark COM | 0.19% | 0.28% | 0.19% |
Showing the top 250 of 1221 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAS and DFAT overlap?
DFAS and DFAT overlap by 50.1% of portfolio weight. They share 1221 holdings (DFAS holds 2121 positions and DFAT holds 1281), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAS and DFAT?
The two portfolios are 50.1% 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 DFAS and DFAT?
The largest positions held by both funds are AMKR, TTMI, WCC, BWA and APA. Together the top 10 shared positions account for 5% of the total overlap.
What does DFAS own that DFAT doesn't?
900 positions (40.3% of DFAS) are unique to DFAS, led by AEIS, MOD and ONTO. In the other direction, 60 positions (2.4% of DFAT) are unique to DFAT.