DFAT vs SPYD: Holdings Overlap
DFATDimensional U.S. Targeted Value ETF
Dimensional · 1281 holdings · $14.5B · as of 2026-04-30
SPYDState Street® SPDR® Portfolio S&P 500® High Dividend ETF
State Street (SPDR) · 80 holdings · $7.7B · as of 2026-08-06
Holdings snapshots are 98 days apart (DFAT: 2026-04-30, SPYD: 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 SPYD?
Dimensional U.S. Targeted Value ETF (DFAT, by Dimensional) holds 1281 positions; State Street® SPDR® Portfolio S&P 500® High Dividend ETF (SPYD, by State Street (SPDR)) holds 80. They have 8 holdings in common, and by portfolio weight the two funds are 2.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8DFAT holds 1281 · SPYD holds 80
- Weight in Shared Holdings
- DFAT 2%·SPYD 10%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
1273 of 1281 positions (97.3% of the fund) are not held by SPYD. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAT | SPYD |
|---|---|---|
| Financials | 26.9% | 14.0% |
| Real Estate | 0.8% | 24.3% |
| Industrials | 16.5% | 5.1% |
| Consumer Staples | 6.3% | 15.0% |
| Consumer Discretionary | 12.9% | 4.8% |
| Other Sectors | 33.4% | 36.3% |
| 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 SPYD).
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% |
| SPYD | +2.8% | +17.9% | +21.3% | +14.3% | +9.3% | +8.7% | 4.07% |
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 SPYD →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by BEN, SJM and TAP.
 BENFranklin Resources Inc. COM | 0.50% | 1.30% | 0.50% |
|---|---|---|---|
 SJMThe J M Smucker Company COM NEW | 0.47% | 1.24% | 0.47% |
 TAPMolson Coors Beverage Co., Class B | 0.39% | 1.28% | 0.39% |
 SWKStanley Black & Decker, Inc. COM | 0.33% | 1.40% | 0.33% |
 MOSThe Mosaic Company COM | 0.31% | 1.27% | 0.31% |
 MKCMcCormick & Company, Incorporated COM NON VTG | 0.18% | 1.24% | 0.18% |
 HRLHormel Foods Corp COM | 0.18% | 1.23% | 0.18% |
 SWKSSkyworks Solutions, Inc. COM | 0.11% | 1.31% | 0.11% |
Frequently Asked Questions
How much do DFAT and SPYD overlap?
DFAT and SPYD overlap by 2.5% of portfolio weight. They share 8 holdings (DFAT holds 1281 positions and SPYD holds 80), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAT and SPYD?
The two portfolios are 2.5% 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 SPYD?
The largest positions held by both funds are BEN, SJM, TAP, SWK and MOS. Together the top 8 shared positions account for 100% of the total overlap.
What does DFAT own that SPYD doesn't?
1273 positions (97.3% of DFAT) are unique to DFAT, led by PR, WCC and CF. In the other direction, 72 positions (89.2% of SPYD) are unique to SPYD.