DFAS vs FHLC: Holdings Overlap
DFASDimensional U.S. Small Cap ETF
Dimensional · 2121 holdings · $15.3B · as of 2026-04-30
FHLCFidelity MSCI Health Care Index ETF
Fidelity · 337 holdings · $3.3B · as of 2026-04-30
How similar are DFAS and FHLC?
Dimensional U.S. Small Cap ETF (DFAS, by Dimensional) holds 2121 positions; Fidelity MSCI Health Care Index ETF (FHLC, by Fidelity) holds 337. They have 215 holdings in common, and by portfolio weight the two funds are 7.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 215DFAS holds 2121 · FHLC holds 337
- Weight in Shared Holdings
- DFAS 11%·FHLC 11%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
1906 of 2121 positions (89.3% of the fund) are not held by FHLC. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAS | FHLC |
|---|---|---|
| Health Care | 11.1% | 99.6% |
| Industrials | 20.6% | 0.0% |
| Financials | 19.2% | 0.0% |
| Consumer Discretionary | 12.4% | 0.0% |
| Information Technology | 12.0% | 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 FHLC).
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% |
| FHLC | +0.7% | +9.3% | +33.0% | +10.0% | +5.3% | +10.1% | 1.26% |
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 FHLC →
Shared Holdings(215)
The top 10 shared positions account for 19% of the overlap, led by EXEL, ELAN and JAZZ.
 EXELExelixis, Inc. COM | 0.19% | 0.18% | 0.18% |
|---|---|---|---|
 ELANElanco Animal Health Inc COM | 0.21% | 0.18% | 0.18% |
 JAZZJazz Pharmaceuticals Public Limited Company | 0.25% | 0.18% | 0.18% |
 ENSGEnsign Group, Inc. (The) | 0.22% | 0.17% | 0.17% |
 BMRNBiomarin Pharmaceutical Inc. COM | 0.14% | 0.16% | 0.14% |
 PENPenumbra Inc. COM | 0.14% | 0.20% | 0.14% |
 CRLCharles River Laboratories International, Inc. COM | 0.16% | 0.13% | 0.13% |
 RVTYRevvity Inc COM | 0.13% | 0.16% | 0.13% |
 GMEDGlobus Medical, Inc., Class A | 0.13% | 0.16% | 0.13% |
 HSICHenry Schein, Inc. COM | 0.18% | 0.13% | 0.13% |
 ROIVRoivant Sciences Ltd SHS | 0.12% | 0.17% | 0.12% |
 VTRSViatris Inc COM | 0.12% | 0.28% | 0.12% |
 EHCEncompass Health Corporation COM | 0.12% | 0.16% | 0.12% |
 HALOHalozyme Therapeutics Inc COM | 0.14% | 0.12% | 0.12% |
 MEDPMedpace Holdings Inc. COM | 0.12% | 0.15% | 0.12% |
 TECHBio-Techne Corp COM | 0.11% | 0.14% | 0.11% |
 ALGNAlign Technology Inc. COM | 0.11% | 0.19% | 0.11% |
 HQYHealthequity Inc COM | 0.15% | 0.11% | 0.11% |
 BTSGBrightSpring Health Services Inc. COM | 0.16% | 0.11% | 0.11% |
 RGENRepligen Corporation COM | 0.13% | 0.10% | 0.10% |
 DVADavita Inc COM | 0.14% | 0.10% | 0.10% |
 CHEChemed Corporation COM | 0.12% | 0.10% | 0.10% |
 KRYSKrystal Biotech Inc COM | 0.15% | 0.09% | 0.09% |
 LNTHLantheus Holdings Inc COM | 0.13% | 0.09% | 0.09% |
 TFXTeleflex Incorporated COM | 0.12% | 0.09% | 0.09% |
Frequently Asked Questions
How much do DFAS and FHLC overlap?
DFAS and FHLC overlap by 7.9% of portfolio weight. They share 215 holdings (DFAS holds 2121 positions and FHLC holds 337), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAS and FHLC?
The two portfolios are 7.9% 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 FHLC?
The largest positions held by both funds are EXEL, ELAN, JAZZ, ENSG and BMRN. Together the top 10 shared positions account for 19% of the total overlap.
What does DFAS own that FHLC doesn't?
1906 positions (89.3% of DFAS) are unique to DFAS, led by AMKR, TTMI and AEIS. In the other direction, 122 positions (89.0% of FHLC) are unique to FHLC.