DFAT vs SPY: Holdings Overlap
DFATDimensional U.S. Targeted Value ETF
Dimensional · 1281 holdings · $14.5B · as of 2026-04-30
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 98 days apart (DFAT: 2026-04-30, SPY: 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 SPY?
Dimensional U.S. Targeted Value ETF (DFAT, by Dimensional) holds 1281 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 41 holdings in common, and by portfolio weight the two funds are 0.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 41DFAT holds 1281 · SPY holds 504
- Weight in Shared Holdings
- DFAT 10%·SPY 1%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
1240 of 1281 positions (90.1% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAT | SPY |
|---|---|---|
| Information Technology | 7.9% | 37.6% |
| Financials | 26.9% | 12.3% |
| Industrials | 16.5% | 8.8% |
| Consumer Discretionary | 12.9% | 9.3% |
| Energy | 10.8% | 3.2% |
| Other Sectors | 21.8% | 28.8% |
| 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 SPY).
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(41)
The top 10 shared positions account for 39% of the overlap, led by VTRS, GPC and CF.
 VTRSViatris Inc COM | 0.71% | 0.03% | 0.03% |
|---|---|---|---|
 GPCGenuine Parts Co COM | 0.09% | 0.03% | 0.03% |
 CFCF Industries Holdings, Inc. COM | 0.82% | 0.03% | 0.03% |
 ZBRAZebra Technologies Corporation CL A | 0.15% | 0.03% | 0.03% |
 IEXIdex Corporation COM | 0.10% | 0.03% | 0.03% |
 AKAMAkamai Technologies, Inc. COM | 0.60% | 0.03% | 0.03% |
 BALLBall Corporation COM | 0.67% | 0.03% | 0.03% |
 SWKStanley Black & Decker, Inc. COM | 0.33% | 0.02% | 0.02% |
 TXTTextron Inc. COM | 0.20% | 0.02% | 0.02% |
 AIZAssurant Inc. COM | 0.26% | 0.02% | 0.02% |
 EGEverest Group Ltd COM USD0.01 | 0.06% | 0.02% | 0.02% |
 GLGlobe Life Inc COM | 0.45% | 0.02% | 0.02% |
 COOThe Cooper Companies, Inc. COM | 0.11% | 0.02% | 0.02% |
 IVZInvesco Ltd COM STK USD0.20 | 0.49% | 0.02% | 0.02% |
 MKCMcCormick & Company, Incorporated COM NON VTG | 0.18% | 0.02% | 0.02% |
 APAAPA Corp. COM | 0.73% | 0.02% | 0.02% |
 CRLCharles River Laboratories International, Inc. COM | 0.26% | 0.02% | 0.02% |
 RVTYRevvity Inc COM | 0.19% | 0.02% | 0.02% |
 SJMThe J M Smucker Company COM NEW | 0.47% | 0.02% | 0.02% |
 SOLVSolventum Corp. COM SHS | 0.04% | 0.02% | 0.02% |
 ALGNAlign Technology Inc. COM | 0.21% | 0.02% | 0.02% |
 HIIHuntington Ingalls Industries, Inc. COM | 0.02% | 0.02% | 0.02% |
 BENFranklin Resources Inc. COM | 0.50% | 0.02% | 0.02% |
 SWKSSkyworks Solutions, Inc. COM | 0.11% | 0.02% | 0.02% |
 APTVAptiv PLC COM SHS | 0.02% | 0.01% | 0.01% |
Frequently Asked Questions
How much do DFAT and SPY overlap?
DFAT and SPY overlap by 0.7% of portfolio weight. They share 41 holdings (DFAT holds 1281 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAT and SPY?
The two portfolios are 0.7% 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 SPY?
The largest positions held by both funds are VTRS, GPC, CF, ZBRA and IEX. Together the top 10 shared positions account for 39% of the total overlap.
What does DFAT own that SPY doesn't?
1240 positions (90.1% of DFAT) are unique to DFAT, led by PR, WCC and AMKR. In the other direction, 463 positions (99.1% of SPY) are unique to SPY.