DFAS vs KRE: Holdings Overlap
DFASDimensional U.S. Small Cap ETF
Dimensional · 2121 holdings · $15.3B · as of 2026-04-30
KREState Street® SPDR® S&P® Regional Banking ETF
State Street (SPDR) · 158 holdings · $4.5B · as of 2026-08-06
Holdings snapshots are 98 days apart (DFAS: 2026-04-30, KRE: 2026-08-06). 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 DFAS and KRE?
Dimensional U.S. Small Cap ETF (DFAS, by Dimensional) holds 2121 positions; State Street® SPDR® S&P® Regional Banking ETF (KRE, by State Street (SPDR)) holds 158. They have 150 holdings in common, and by portfolio weight the two funds are 9.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 150DFAS holds 2121 · KRE holds 158
- Weight in Shared Holdings
- DFAS 10%·KRE 90%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
1971 of 2121 positions (90.3% of the fund) are not held by KRE. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAS | KRE |
|---|---|---|
| Financials | 19.2% | 97.7% |
| Industrials | 20.6% | 0.0% |
| Consumer Discretionary | 12.4% | 0.0% |
| Information Technology | 12.0% | 0.0% |
| Health Care | 11.1% | 0.0% |
| Other Sectors | 21.9% | 0.0% |
| Unclassified | 2.7% | 1.5% |
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, 2% of KRE).
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% |
| KRE | +1.5% | +19.0% | +32.6% | +19.1% | +5.9% | +9.0% | 2.10% |
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 KRE →
Shared Holdings(150)
The top 10 shared positions account for 20% of the overlap, led by PNFP, WTFC and FHN.
 PNFPPinnacle Financial Partners Inc. COM | 0.23% | 1.42% | 0.23% |
|---|---|---|---|
 WTFCWintrust Financial Corporation COM | 0.21% | 1.28% | 0.21% |
 FHNFirst Horizon Corporation COM | 0.20% | 1.28% | 0.20% |
 BPOPPopular, Inc. COM USD0.01 | 0.20% | 1.41% | 0.20% |
 SSBSouthState Bank Corporation | 0.20% | 1.39% | 0.20% |
 UMBFUMB Financial Corporation | 0.19% | 1.37% | 0.19% |
 WBSWebster Financial Corporation | 0.19% | 1.37% | 0.19% |
 ONBOld National Bancorp COM | 0.18% | 1.36% | 0.18% |
 COLBColumbia Banking System Inc. COM | 0.17% | 1.28% | 0.17% |
 ZIONZions Bancorporation Natl Assn Global Bank COM | 0.17% | 1.34% | 0.17% |
 CFRCullen/Frost Bankers, Inc. COM | 0.17% | 1.42% | 0.17% |
 BOKFBOK Financial Corp COM NEW | 0.16% | 1.37% | 0.16% |
 VLYValley National Bancorp. COM | 0.16% | 1.27% | 0.16% |
 WALWestern Alliance Bancorporation | 0.16% | 1.24% | 0.16% |
 PBProsperity Bancshares Inc COM | 0.15% | 1.30% | 0.15% |
 FNBF N B Corp (Pennsylvania) COM | 0.14% | 1.31% | 0.14% |
 GBCIGlacier Bancorp Inc. COM | 0.14% | 1.26% | 0.14% |
 UBSIUnited Bankshares Inc COM | 0.14% | 1.35% | 0.14% |
 CBSHCommerce Bancshares Inc COM | 0.13% | 1.35% | 0.13% |
 ABCBAmeris Bancorp COM | 0.13% | 1.27% | 0.13% |
 FLGFlagstar Bank National Association COM NEW | 0.13% | 1.22% | 0.13% |
 HWCHancock Whitney Corporation COM | 0.13% | 1.36% | 0.13% |
 OZKBank OZK COM | 0.12% | 1.26% | 0.12% |
 AXAxos Financial Inc COM | 0.12% | 1.21% | 0.12% |
 HOMBHome BancShares Inc. COM | 0.12% | 1.39% | 0.12% |
Frequently Asked Questions
How much do DFAS and KRE overlap?
DFAS and KRE overlap by 9.6% of portfolio weight. They share 150 holdings (DFAS holds 2121 positions and KRE holds 158), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAS and KRE?
The two portfolios are 9.6% 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 KRE?
The largest positions held by both funds are PNFP, WTFC, FHN, BPOP and SSB. Together the top 10 shared positions account for 20% of the total overlap.
What does DFAS own that KRE doesn't?
1971 positions (90.3% of DFAS) are unique to DFAS, led by AMKR, TTMI and AEIS. In the other direction, 8 positions (8.8% of KRE) are unique to KRE.