DFAT vs FVD: Holdings Overlap
DFATDimensional U.S. Targeted Value ETF
Dimensional · 1281 holdings · $14.5B · as of 2026-04-30
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
Holdings snapshots are 30 days apart (DFAT: 2026-04-30, FVD: 2026-03-31). 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 DFAT and FVD?
Dimensional U.S. Targeted Value ETF (DFAT, by Dimensional) holds 1281 positions; First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236. They have 26 holdings in common, and by portfolio weight the two funds are 4.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 26DFAT holds 1281 · FVD holds 236
- Weight in Shared Holdings
- DFAT 5%·FVD 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 DFAT
1255 of 1281 positions (95.2% of the fund) are not held by FVD. Showing the top 30 by weight.
Only in FVD
210 of 236 positions (88.7% of the fund) are not held by DFAT. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAT | FVD |
|---|---|---|
| Financials | 26.9% | 18.5% |
| Utilities | 0.4% | 18.9% |
| Industrials | 16.5% | 15.1% |
| Consumer Discretionary | 12.9% | 3.0% |
| Energy | 10.8% | 3.4% |
| Other Sectors | 29.3% | 36.2% |
| Unclassified | 2.9% | 4.7% |
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 DFAT, 5% of FVD).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFAT | +3.8% | +21.7% | +34.5% | +15.0% | +11.7% | — | 1.33% |
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
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 DFAT vs FVD →
Shared Holdings(26)
The top 10 shared positions account for 64% of the overlap, led by SJM, INGR and AXS.
 SJMThe J M Smucker Company COM NEW | 0.47% | 0.41% | 0.41% |
|---|---|---|---|
 INGRIngredion Incorporated COM | 0.37% | 0.43% | 0.37% |
 AXSAXIS Capital Holdings Limited COM USD0.0125 | 0.35% | 0.42% | 0.35% |
 CPBCampbell's Company/The | 0.32% | 0.44% | 0.32% |
 CAGConagra Brands Inc COM | 0.27% | 0.43% | 0.27% |
 AIZAssurant Inc. COM | 0.26% | 0.42% | 0.26% |
 DOXAmdocs Limited ORD GBP0.01 | 0.26% | 0.42% | 0.26% |
 ORIOld Republic International Corporation COM | 0.25% | 0.44% | 0.25% |
 CBSHCommerce Bancshares Inc COM | 0.22% | 0.43% | 0.22% |
 ATRAptargroup Inc. COM | 0.21% | 0.43% | 0.21% |
 AFGAmerican Financial Group, Inc. COM | 0.18% | 0.42% | 0.18% |
 MKCMcCormick & Company, Incorporated COM NON VTG | 0.18% | 0.40% | 0.18% |
 HRLHormel Foods Corp COM | 0.18% | 0.42% | 0.18% |
 SONSonoco Products Company COM | 0.15% | 0.44% | 0.15% |
 THGThe Hanover Insurance Group, Inc. COM | 0.14% | 0.42% | 0.14% |
 NJRNew Jersey Resources Corporation | 0.13% | 0.43% | 0.13% |
 BRCBrady Corp., Class A | 0.11% | 0.41% | 0.11% |
 IEXIdex Corporation COM | 0.10% | 0.42% | 0.10% |
 REYNReynolds Consumer Products Inc. COM | 0.10% | 0.42% | 0.10% |
 NWBINorthwest Bancshares Inc COM | 0.10% | 0.43% | 0.10% |
 GPCGenuine Parts Co COM | 0.09% | 0.44% | 0.09% |
 MSMMSC Industrial Direct Co., Inc., Class A | 0.06% | 0.44% | 0.06% |
 FELEFranklin Electric Co Inc COM | 0.03% | 0.42% | 0.03% |
 SIGISelective Insurance Group Inc. COM | 0.03% | 0.42% | 0.03% |
 DLBDolby Laboratories, Inc., Class A | 0.02% | 0.42% | 0.02% |
Frequently Asked Questions
How much do DFAT and FVD overlap?
DFAT and FVD overlap by 4.5% of portfolio weight. They share 26 holdings (DFAT holds 1281 positions and FVD holds 236), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAT and FVD?
The two portfolios are 4.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DFAT and FVD?
The largest positions held by both funds are SJM, INGR, AXS, CPB and CAG. Together the top 10 shared positions account for 64% of the total overlap.
What does DFAT own that FVD doesn't?
1255 positions (95.2% of DFAT) are unique to DFAT, led by PR, WCC and CF. In the other direction, 210 positions (88.7% of FVD) are unique to FVD.