DFAT vs IWM: Holdings Overlap
DFATDimensional U.S. Targeted Value ETF
Dimensional · 1281 holdings · $14.5B · as of 2026-04-30
iShares · 1941 holdings · $82.2B · as of 2026-03-31
Holdings snapshots are 30 days apart (DFAT: 2026-04-30, IWM: 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 IWM?
Dimensional U.S. Targeted Value ETF (DFAT, by Dimensional) holds 1281 positions; iShares Russell 2000 ETF (IWM, by iShares) holds 1941. They have 899 holdings in common, and by portfolio weight the two funds are 33.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 33.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 899DFAT holds 1281 · IWM holds 1941
- Weight in Shared Holdings
- DFAT 48%·IWM 44%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
382 of 1281 positions (51.7% of the fund) are not held by IWM. Showing the top 30 by weight.
Only in IWM
1042 of 1941 positions (56.1% of the fund) are not held by DFAT. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAT | IWM |
|---|---|---|
| Financials | 26.9% | 15.3% |
| Industrials | 16.5% | 17.9% |
| Health Care | 5.8% | 16.6% |
| Information Technology | 7.9% | 13.6% |
| Consumer Discretionary | 12.9% | 8.0% |
| Other Sectors | 26.7% | 22.7% |
| Unclassified | 2.9% | 5.5% |
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 DFAT, 5% of IWM).
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% |
| IWM | +1.8% | +23.0% | +38.6% | +17.1% | +7.5% | +10.8% | 0.88% |
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 IWM →
Shared Holdings(899)
The top 10 shared positions account for 7% of the overlap, led by TTMI, UMBF and ONB.
 TTMITTM Technologies Inc COM | 0.46% | 0.34% | 0.34% |
|---|---|---|---|
 UMBFUMB Financial Corporation | 0.29% | 0.28% | 0.28% |
 ONBOld National Bancorp COM | 0.33% | 0.26% | 0.26% |
 SMSM Energy Co. COM | 0.26% | 0.26% | 0.26% |
 JXNJackson Financial, Inc., Class A | 0.42% | 0.24% | 0.24% |
 SANMSanmina Corporation | 0.28% | 0.24% | 0.24% |
 CMCCommercial Metals Company COM | 0.40% | 0.23% | 0.23% |
 ENSEnerSys COM | 0.35% | 0.22% | 0.22% |
 NENoble Corporation PLC ORD SHS A | 0.23% | 0.21% | 0.21% |
 RIGNTransocean Ltd COM CHF0.10 | 0.25% | 0.21% | 0.21% |
 VALValaris Ltd. CL A | 0.30% | 0.21% | 0.21% |
 VLYValley National Bancorp. COM | 0.32% | 0.20% | 0.20% |
 UBSIUnited Bankshares Inc COM | 0.27% | 0.20% | 0.20% |
 MGYMagnolia Oil & Gas Corporation CL A | 0.25% | 0.19% | 0.19% |
 VSATViaSat, Inc. COM | 0.29% | 0.19% | 0.19% |
 GATXGATX Corporation COM | 0.19% | 0.21% | 0.19% |
 MURMurphy Oil Corporation COM | 0.32% | 0.19% | 0.19% |
| Taylor Morrison Home Corp COM | 0.32% | 0.19% | 0.19% |
 TEXTerex Corporation COM | 0.19% | 0.23% | 0.19% |
 ESNTEssent Group Ltd. COM USD0.015 | 0.26% | 0.18% | 0.18% |
 HWCHancock Whitney Corporation COM | 0.26% | 0.18% | 0.18% |
 PLXSPlexus Corp COM | 0.26% | 0.18% | 0.18% |
 CNXCNX Resources Corporation COM | 0.30% | 0.18% | 0.18% |
 CRCCalifornia Resources Corporation COM STOCK | 0.25% | 0.17% | 0.17% |
 ABCBAmeris Bancorp COM | 0.29% | 0.17% | 0.17% |
Showing the top 250 of 899 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAT and IWM overlap?
DFAT and IWM overlap by 33.8% of portfolio weight. They share 899 holdings (DFAT holds 1281 positions and IWM holds 1941), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAT and IWM?
The two portfolios are 33.8% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of DFAT and IWM?
The largest positions held by both funds are TTMI, UMBF, ONB, SM and JXN. Together the top 10 shared positions account for 7% of the total overlap.
What does DFAT own that IWM doesn't?
382 positions (51.7% of DFAT) are unique to DFAT, led by PR, WCC and CF. In the other direction, 1042 positions (56.1% of IWM) are unique to IWM.