DFAT vs KIE: Holdings Overlap
DFATDimensional U.S. Targeted Value ETF
Dimensional · 1281 holdings · $14.5B · as of 2026-04-30
KIEState Street® SPDR® S&P® Insurance ETF
State Street (SPDR) · 53 holdings · $660M · as of 2026-08-06
Holdings snapshots are 98 days apart (DFAT: 2026-04-30, KIE: 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 DFAT and KIE?
Dimensional U.S. Targeted Value ETF (DFAT, by Dimensional) holds 1281 positions; State Street® SPDR® S&P® Insurance ETF (KIE, by State Street (SPDR)) holds 53. They have 24 holdings in common, and by portfolio weight the two funds are 5.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 24DFAT holds 1281 · KIE holds 53
- Weight in Shared Holdings
- DFAT 5%·KIE 45%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
1257 of 1281 positions (94.6% of the fund) are not held by KIE. Showing the top 30 by weight.
Only in KIE
29 of 53 positions (55.3% of the fund) are not held by DFAT.
Sector Breakdown
| Sector | DFAT | KIE |
|---|---|---|
| Financials | 26.9% | 98.3% |
| Industrials | 16.5% | 0.0% |
| Consumer Discretionary | 12.9% | 0.0% |
| Energy | 10.8% | 0.0% |
| Information Technology | 7.9% | 0.0% |
| Other Sectors | 21.8% | 1.6% |
| Unclassified | 2.9% | 0.0% |
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, 0% of KIE).
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% |
| KIE | +0.2% | +8.3% | +16.0% | +16.1% | +12.6% | +12.3% | 1.51% |
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 KIE →
Shared Holdings(24)
The top 10 shared positions account for 65% of the overlap, led by RNR, GL and UNM.
 RNRRenaissancere Holdings Ltd. COM USD1 | 0.47% | 1.84% | 0.47% |
|---|---|---|---|
 GLGlobe Life Inc COM | 0.45% | 1.92% | 0.45% |
 UNMUnum Group COM | 0.43% | 1.66% | 0.43% |
 AXSAXIS Capital Holdings Limited COM USD0.0125 | 0.35% | 1.75% | 0.35% |
 FAFFirst American Financial Corporation COM | 0.31% | 1.91% | 0.31% |
 RGAReinsurance Group of America, Incorporated COM NEW | 0.29% | 1.93% | 0.29% |
 WTMWhite Mountains Insurance Group Ltd. COM USD1 | 0.28% | 1.78% | 0.28% |
 LNCLincoln National Corp. COM | 0.27% | 2.16% | 0.27% |
 AIZAssurant Inc. COM | 0.26% | 1.93% | 0.26% |
 MCYMercury General Corporation COM | 0.25% | 1.78% | 0.25% |
 ORIOld Republic International Corporation COM | 0.25% | 1.90% | 0.25% |
 FNFFidelity National Financial Inc. - FNF Group | 0.20% | 1.85% | 0.20% |
 CNOCNO Financial Group, Inc. COM | 0.20% | 1.88% | 0.20% |
 BHFBrighthouse Financial Inc. COM | 0.18% | 1.65% | 0.18% |
 AFGAmerican Financial Group, Inc. COM | 0.18% | 1.86% | 0.18% |
 THGThe Hanover Insurance Group, Inc. COM | 0.14% | 1.97% | 0.14% |
 GNWGenworth Financial, Inc., Class A | 0.13% | 1.82% | 0.13% |
 SPNTSiriusPoint Ltd COM USD0.1 | 0.13% | 1.70% | 0.13% |
 AGOAssured Guaranty Ltd. COM USD0.01 | 0.12% | 1.82% | 0.12% |
 STCStewart Information Services Corporation COM | 0.10% | 1.60% | 0.10% |
 KMPRKemper Corporation COM | 0.07% | 2.02% | 0.07% |
 EGEverest Group Ltd COM USD0.01 | 0.06% | 1.85% | 0.06% |
 SIGISelective Insurance Group Inc. COM | 0.03% | 1.78% | 0.03% |
 SKWDSkyward Specialty Insurance Group Inc COM | 0.01% | 2.25% | 0.01% |
Frequently Asked Questions
How much do DFAT and KIE overlap?
DFAT and KIE overlap by 5.2% of portfolio weight. They share 24 holdings (DFAT holds 1281 positions and KIE holds 53), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAT and KIE?
The two portfolios are 5.2% 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 DFAT and KIE?
The largest positions held by both funds are RNR, GL, UNM, AXS and FAF. Together the top 10 shared positions account for 65% of the total overlap.
What does DFAT own that KIE doesn't?
1257 positions (94.6% of DFAT) are unique to DFAT, led by PR, WCC and CF. In the other direction, 29 positions (55.3% of KIE) are unique to KIE.