DFAT vs IWN: Holdings Overlap
DFATDimensional U.S. Targeted Value ETF
Dimensional · 1281 holdings · $14.5B · as of 2026-04-30
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
Holdings snapshots are 30 days apart (DFAT: 2026-04-30, IWN: 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 IWN?
Dimensional U.S. Targeted Value ETF (DFAT, by Dimensional) holds 1281 positions; iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406. They have 799 holdings in common, and by portfolio weight the two funds are 41.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 41.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 799DFAT holds 1281 · IWN holds 1406
- Weight in Shared Holdings
- DFAT 44%·IWN 64%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
482 of 1281 positions (55.7% of the fund) are not held by IWN. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAT | IWN |
|---|---|---|
| Financials | 26.9% | 22.4% |
| Industrials | 16.5% | 11.9% |
| Consumer Discretionary | 12.9% | 8.7% |
| Energy | 10.8% | 8.5% |
| Health Care | 5.8% | 10.0% |
| Other Sectors | 23.9% | 31.1% |
| Unclassified | 2.9% | 7.1% |
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 DFAT, 7% of IWN).
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% |
| IWN | +2.4% | +25.3% | +42.6% | +16.8% | +9.0% | +10.2% | 1.41% |
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 IWN →
Shared Holdings(799)
The top 10 shared positions account for 9% of the overlap, led by TTMI, JXN and CMC.
 TTMITTM Technologies Inc COM | 0.46% | 0.69% | 0.46% |
|---|---|---|---|
 JXNJackson Financial, Inc., Class A | 0.42% | 0.50% | 0.42% |
 CMCCommercial Metals Company COM | 0.40% | 0.47% | 0.40% |
 ENSEnerSys COM | 0.35% | 0.42% | 0.35% |
 ONBOld National Bancorp COM | 0.33% | 0.47% | 0.33% |
| Taylor Morrison Home Corp COM | 0.32% | 0.38% | 0.32% |
 MURMurphy Oil Corporation COM | 0.32% | 0.39% | 0.32% |
 VLYValley National Bancorp. COM | 0.32% | 0.31% | 0.31% |
 CNXCNX Resources Corporation COM | 0.30% | 0.37% | 0.30% |
 REZIResideo Technologies Inc COM | 0.31% | 0.30% | 0.30% |
 VALValaris Ltd. CL A | 0.30% | 0.42% | 0.30% |
 VSATViaSat, Inc. COM | 0.29% | 0.39% | 0.29% |
 ABCBAmeris Bancorp COM | 0.29% | 0.35% | 0.29% |
 UMBFUMB Financial Corporation | 0.29% | 0.52% | 0.29% |
 LBRTLiberty Energy, Inc., Class A | 0.29% | 0.31% | 0.29% |
 UBSIUnited Bankshares Inc COM | 0.27% | 0.40% | 0.27% |
 ESNTEssent Group Ltd. COM USD0.015 | 0.26% | 0.37% | 0.26% |
 SANMSanmina Corporation | 0.28% | 0.26% | 0.26% |
 MATXMatson Inc COM | 0.26% | 0.35% | 0.26% |
 DANDana Inc. COM | 0.26% | 0.26% | 0.26% |
 HWCHancock Whitney Corporation COM | 0.26% | 0.37% | 0.26% |
 SMSM Energy Co. COM | 0.26% | 0.54% | 0.26% |
 RIGNTransocean Ltd COM CHF0.10 | 0.25% | 0.42% | 0.25% |
 CRCCalifornia Resources Corporation COM STOCK | 0.25% | 0.35% | 0.25% |
 TCBITexas Capital Bancshares, Inc. COM | 0.26% | 0.25% | 0.25% |
Showing the top 250 of 799 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAT and IWN overlap?
DFAT and IWN overlap by 41.1% of portfolio weight. They share 799 holdings (DFAT holds 1281 positions and IWN holds 1406), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAT and IWN?
The two portfolios are 41.1% 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 IWN?
The largest positions held by both funds are TTMI, JXN, CMC, ENS and ONB. Together the top 10 shared positions account for 9% of the total overlap.
What does DFAT own that IWN doesn't?
482 positions (55.7% of DFAT) are unique to DFAT, led by PR, WCC and CF. In the other direction, 607 positions (35.8% of IWN) are unique to IWN.