DFAT vs VTWO: Holdings Overlap
DFATDimensional U.S. Targeted Value ETF
Dimensional · 1281 holdings · $14.5B · as of 2026-04-30
VTWOVanguard Russell 2000 Index Fund
Vanguard · 1952 holdings · $17.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFAT: 2026-04-30, VTWO: 2026-05-31). 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 VTWO?
Dimensional U.S. Targeted Value ETF (DFAT, by Dimensional) holds 1281 positions; Vanguard Russell 2000 Index Fund (VTWO, by Vanguard) holds 1952. They have 888 holdings in common, and by portfolio weight the two funds are 32.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 32.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 888DFAT holds 1281 · VTWO holds 1952
- Weight in Shared Holdings
- DFAT 48%·VTWO 41%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
393 of 1281 positions (51.9% of the fund) are not held by VTWO. Showing the top 30 by weight.
Only in VTWO
1064 of 1952 positions (58.6% of the fund) are not held by DFAT. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAT | VTWO |
|---|---|---|
| Financials | 26.9% | 14.3% |
| Industrials | 16.5% | 19.4% |
| Information Technology | 7.9% | 17.8% |
| Health Care | 5.8% | 15.5% |
| Consumer Discretionary | 12.9% | 7.3% |
| Other Sectors | 26.7% | 20.8% |
| Unclassified | 2.9% | 4.8% |
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, 5% of VTWO).
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% |
| VTWO | +1.8% | +23.1% | +38.8% | +17.3% | +7.7% | +11.0% | 1.07% |
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 VTWO →
Shared Holdings(888)
The top 10 shared positions account for 8% of the overlap, led by TTMI, VSAT and UMBF.
 TTMITTM Technologies Inc COM | 0.46% | 0.52% | 0.46% |
|---|---|---|---|
 VSATViaSat, Inc. COM | 0.29% | 0.29% | 0.29% |
 UMBFUMB Financial Corporation | 0.29% | 0.28% | 0.28% |
 SANMSanmina Corporation | 0.28% | 0.41% | 0.28% |
 CMCCommercial Metals Company COM | 0.40% | 0.25% | 0.25% |
 ONBOld National Bancorp COM | 0.33% | 0.25% | 0.25% |
 ENSEnerSys COM | 0.35% | 0.25% | 0.25% |
 SMSM Energy Co. COM | 0.26% | 0.22% | 0.22% |
 PLXSPlexus Corp COM | 0.26% | 0.21% | 0.21% |
 JXNJackson Financial, Inc., Class A | 0.42% | 0.20% | 0.20% |
 VLYValley National Bancorp. COM | 0.32% | 0.20% | 0.20% |
 TEXTerex Corporation COM | 0.19% | 0.19% | 0.19% |
 GATXGATX Corporation COM | 0.19% | 0.18% | 0.18% |
 UBSIUnited Bankshares Inc COM | 0.27% | 0.18% | 0.18% |
 NENoble Corporation PLC ORD SHS A | 0.23% | 0.17% | 0.17% |
 KGSKodiak Gas Services Inc. COM | 0.17% | 0.18% | 0.17% |
 VALValaris Ltd. CL A | 0.30% | 0.17% | 0.17% |
 ACAArcosa Inc COM | 0.17% | 0.18% | 0.17% |
 RIGNTransocean Ltd COM CHF0.10 | 0.25% | 0.17% | 0.17% |
 HWCHancock Whitney Corporation COM | 0.26% | 0.17% | 0.17% |
| Taylor Morrison Home Corp COM | 0.32% | 0.16% | 0.16% |
 MATXMatson Inc COM | 0.26% | 0.16% | 0.16% |
 ABCBAmeris Bancorp COM | 0.29% | 0.16% | 0.16% |
 ESNTEssent Group Ltd. COM USD0.015 | 0.26% | 0.16% | 0.16% |
 AUBAtlantic Union Bankshares Corp COM | 0.19% | 0.16% | 0.16% |
Showing the top 250 of 888 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAT and VTWO overlap?
DFAT and VTWO overlap by 32.0% of portfolio weight. They share 888 holdings (DFAT holds 1281 positions and VTWO holds 1952), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAT and VTWO?
The two portfolios are 32.0% 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 VTWO?
The largest positions held by both funds are TTMI, VSAT, UMBF, SANM and CMC. Together the top 10 shared positions account for 8% of the total overlap.
What does DFAT own that VTWO doesn't?
393 positions (51.9% of DFAT) are unique to DFAT, led by PR, WCC and CF. In the other direction, 1064 positions (58.6% of VTWO) are unique to VTWO.