DFAS vs SHLD: Holdings Overlap
DFASDimensional U.S. Small Cap ETF
Dimensional · 2121 holdings · $15.3B · as of 2026-04-30
Global X · 48 holdings · $7.6B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFAS: 2026-04-30, SHLD: 2026-05-31). 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 SHLD?
Dimensional U.S. Small Cap ETF (DFAS, by Dimensional) holds 2121 positions; Global X Defense Tech ETF (SHLD, by Global X) holds 48. They have 10 holdings in common, and by portfolio weight the two funds are 1.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10DFAS holds 2121 · SHLD holds 48
- Weight in Shared Holdings
- DFAS 1%·SHLD 12%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
2111 of 2121 positions (98.8% of the fund) are not held by SHLD. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAS | SHLD |
|---|---|---|
| Industrials | 20.6% | 82.5% |
| Financials | 19.2% | 0.0% |
| Consumer Discretionary | 12.4% | 0.0% |
| Information Technology | 12.0% | 8.0% |
| Health Care | 11.1% | 0.0% |
| Other Sectors | 21.9% | 0.0% |
| Unclassified | 2.7% | 9.1% |
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, 9% of SHLD).
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% |
| SHLD | +8.2% | +6.9% | +11.2% | — | — | — | 0.61% |
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 SHLD →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by HII, KTOS and MOG-A.
 HIIHuntington Ingalls Industries, Inc. COM | 0.21% | 2.04% | 0.21% |
|---|---|---|---|
 KTOSKRATOS DEFENSE and SECURITY SOLU COMMON STOCK USD.001 | 0.19% | 1.81% | 0.19% |
 MOG-AMoog, Inc., Class A | 0.18% | 1.70% | 0.18% |
 PSNParsons Corporation COM | 0.12% | 1.06% | 0.12% |
 OSISOSI System Inc. COM | 0.10% | 0.58% | 0.10% |
 MRCYMercury Systems Inc COM | 0.10% | 1.13% | 0.10% |
 BWXTBWX Technologies Inc. COM | 0.05% | 3.05% | 0.05% |
 AMTMAmentum Holdings, Inc. COM | 0.04% | 0.78% | 0.04% |
 NPKNational Presto Industries Inc. COM | 0.02% | 0.11% | 0.02% |
| Telos Corp. | 0.01% | 0.04% | 0.01% |
Frequently Asked Questions
How much do DFAS and SHLD overlap?
DFAS and SHLD overlap by 1.0% of portfolio weight. They share 10 holdings (DFAS holds 2121 positions and SHLD holds 48), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAS and SHLD?
The two portfolios are 1.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DFAS and SHLD?
The largest positions held by both funds are HII, KTOS, MOG-A, PSN and OSIS. Together the top 10 shared positions account for 100% of the total overlap.
What does DFAS own that SHLD doesn't?
2111 positions (98.8% of DFAS) are unique to DFAS, led by AMKR, TTMI and AEIS. In the other direction, 38 positions (87.3% of SHLD) are unique to SHLD.