DFAS vs FDIS: Holdings Overlap
DFASDimensional U.S. Small Cap ETF
Dimensional · 2121 holdings · $15.3B · as of 2026-04-30
FDISFidelity MSCI Consumer Discretionary Index ETF
Fidelity · 248 holdings · $1.7B · as of 2026-04-30
How similar are DFAS and FDIS?
Dimensional U.S. Small Cap ETF (DFAS, by Dimensional) holds 2121 positions; Fidelity MSCI Consumer Discretionary Index ETF (FDIS, by Fidelity) holds 248. They have 186 holdings in common, and by portfolio weight the two funds are 11.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 186DFAS holds 2121 · FDIS holds 248
- Weight in Shared Holdings
- DFAS 12%·FDIS 15%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
1935 of 2121 positions (87.6% of the fund) are not held by FDIS. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAS | FDIS |
|---|---|---|
| Consumer Discretionary | 12.4% | 99.5% |
| Industrials | 20.6% | 0.3% |
| Financials | 19.2% | 0.0% |
| Information Technology | 12.0% | 0.0% |
| Health Care | 11.1% | 0.0% |
| Other Sectors | 21.9% | 0.0% |
| Unclassified | 2.7% | 0.0% |
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, 0% of FDIS).
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% |
| FDIS | +1.8% | +2.9% | +9.4% | +12.3% | +5.9% | +13.7% | 0.71% |
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 FDIS →
Shared Holdings(186)
The top 10 shared positions account for 15% of the overlap, led by HAS, BWA and ARMK.
 HASHasbro Inc COM | 0.22% | 0.22% | 0.22% |
|---|---|---|---|
 BWABorgWarner Inc. COM | 0.25% | 0.21% | 0.21% |
 ARMKAramark COM | 0.19% | 0.22% | 0.19% |
 FIVEFive Below Inc COM | 0.18% | 0.23% | 0.18% |
 MUSAMurphy USA Inc. COM | 0.18% | 0.21% | 0.18% |
 28TTopbuild Corporation COM | 0.17% | 0.21% | 0.17% |
 ALVAutoliv Inc. COM | 0.17% | 0.16% | 0.16% |
 CAVACAVA Group Inc. COM | 0.14% | 0.18% | 0.14% |
 LADLithia Motors Incorporated COM | 0.15% | 0.14% | 0.14% |
 EATBrinker International, Inc. COM | 0.14% | 0.13% | 0.13% |
 NCLHNorwegian Cruise Line Holdings Ltd COM USD0.001 | 0.13% | 0.15% | 0.13% |
 ETSYEtsy Inc COM | 0.13% | 0.13% | 0.13% |
 LEALear Corporation COM NEW | 0.15% | 0.13% | 0.13% |
 IBPInstalled Building Products Inc COM | 0.16% | 0.13% | 0.13% |
 VFCV.F. Corporation | 0.14% | 0.13% | 0.13% |
 WHWyndham Hotels & Resorts Inc COM | 0.13% | 0.13% | 0.13% |
 ANAutoNation, Inc. COM | 0.16% | 0.12% | 0.12% |
 WYNNWynn Resorts Limited COM | 0.12% | 0.16% | 0.12% |
 GAPThe Gap Inc. COM | 0.18% | 0.12% | 0.12% |
| Taylor Morrison Home Corp., Class A | 0.13% | 0.12% | 0.12% |
 LKQLKQ Corporation COM | 0.12% | 0.15% | 0.12% |
 CROXCrocs Inc COM | 0.12% | 0.11% | 0.11% |
 MHKMohawk Industries, Inc. COM | 0.14% | 0.11% | 0.11% |
 GTXGarrett Motion Inc COM | 0.12% | 0.11% | 0.11% |
 BCBrunswick Corporation COM | 0.12% | 0.11% | 0.11% |
Frequently Asked Questions
How much do DFAS and FDIS overlap?
DFAS and FDIS overlap by 11.4% of portfolio weight. They share 186 holdings (DFAS holds 2121 positions and FDIS holds 248), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAS and FDIS?
The two portfolios are 11.4% 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 DFAS and FDIS?
The largest positions held by both funds are HAS, BWA, ARMK, FIVE and MUSA. Together the top 10 shared positions account for 15% of the total overlap.
What does DFAS own that FDIS doesn't?
1935 positions (87.6% of DFAS) are unique to DFAS, led by AMKR, TTMI and AEIS. In the other direction, 62 positions (84.8% of FDIS) are unique to FDIS.