DFAT vs VBR: Holdings Overlap
DFATDimensional U.S. Targeted Value ETF
Dimensional · 1281 holdings · $14.5B · as of 2026-04-30
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
Holdings snapshots are 30 days apart (DFAT: 2026-04-30, VBR: 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 VBR?
Dimensional U.S. Targeted Value ETF (DFAT, by Dimensional) holds 1281 positions; Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838. They have 504 holdings in common, and by portfolio weight the two funds are 42.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 42.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 504DFAT holds 1281 · VBR holds 838
- Weight in Shared Holdings
- DFAT 79%·VBR 53%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
777 of 1281 positions (20.6% of the fund) are not held by VBR. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAT | VBR |
|---|---|---|
| Financials | 26.9% | 18.7% |
| Industrials | 16.5% | 18.8% |
| Consumer Discretionary | 12.9% | 10.9% |
| Energy | 10.8% | 4.9% |
| Real Estate | 0.8% | 9.1% |
| Other Sectors | 28.9% | 36.9% |
| Unclassified | 2.9% | 0.5% |
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, 1% of VBR).
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% |
| VBR | +3.1% | +19.2% | +28.7% | +15.4% | +10.0% | +10.8% | 1.73% |
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 VBR →
Shared Holdings(504)
The top 10 shared positions account for 9% of the overlap, led by CF, OVV and AKAM.
 CFCF Industries Holdings, Inc. COM | 0.82% | 0.48% | 0.48% |
|---|---|---|---|
 OVVOvintiv Inc COM | 0.73% | 0.41% | 0.41% |
 AKAMAkamai Technologies, Inc. COM | 0.60% | 0.40% | 0.40% |
 BALLBall Corporation COM | 0.67% | 0.38% | 0.38% |
 VTRSViatris Inc COM | 0.71% | 0.38% | 0.38% |
 APAAPA Corp. COM | 0.73% | 0.36% | 0.36% |
 WCCWesco International, Inc. COM | 0.86% | 0.32% | 0.32% |
 TOLToll Brothers, Inc. COM | 0.64% | 0.31% | 0.31% |
 RNRRenaissancere Holdings Ltd. COM USD1 | 0.47% | 0.31% | 0.31% |
 PFGCPerformance Food Group Co. COM | 0.40% | 0.31% | 0.31% |
 DTMDT Midstream Inc COMMON STOCK | 0.31% | 0.33% | 0.31% |
 RRXRegal Rexnord Corporation COM | 0.51% | 0.30% | 0.30% |
 SNXTD SYNNEX Corporation | 0.67% | 0.30% | 0.30% |
 RGAReinsurance Group of America, Incorporated COM NEW | 0.29% | 0.32% | 0.29% |
 ELANElanco Animal Health Inc COM | 0.46% | 0.29% | 0.29% |
 AAAlcoa Corporation COM | 0.28% | 0.42% | 0.28% |
 UNMUnum Group COM | 0.43% | 0.28% | 0.28% |
 BWABorgWarner Inc. COM | 0.59% | 0.27% | 0.27% |
 SWKStanley Black & Decker, Inc. COM | 0.33% | 0.27% | 0.27% |
 FHNFirst Horizon Corporation COM | 0.55% | 0.27% | 0.27% |
 GLGlobe Life Inc COM | 0.45% | 0.27% | 0.27% |
 ALLYAlly Financial Inc. COM | 0.58% | 0.26% | 0.26% |
 AIZAssurant Inc. COM | 0.26% | 0.26% | 0.26% |
 ARMKAramark COM | 0.28% | 0.26% | 0.26% |
 RRCRange Resources Corporation | 0.33% | 0.26% | 0.26% |
Showing the top 250 of 504 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAT and VBR overlap?
DFAT and VBR overlap by 42.8% of portfolio weight. They share 504 holdings (DFAT holds 1281 positions and VBR holds 838), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAT and VBR?
The two portfolios are 42.8% 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 VBR?
The largest positions held by both funds are CF, OVV, AKAM, BALL and VTRS. Together the top 10 shared positions account for 9% of the total overlap.
What does DFAT own that VBR doesn't?
777 positions (20.6% of DFAT) are unique to DFAT, led by DAR, VAL and DOX. In the other direction, 334 positions (46.9% of VBR) are unique to VBR.