DFAT vs XLB: Holdings Overlap
DFATDimensional U.S. Targeted Value ETF
Dimensional · 1281 holdings · $14.5B · as of 2026-04-30
XLBState Street® Materials Select Sector SPDR® ETF
State Street (SPDR) · 25 holdings · $8.4B · as of 2026-08-06
Holdings snapshots are 98 days apart (DFAT: 2026-04-30, XLB: 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 XLB?
Dimensional U.S. Targeted Value ETF (DFAT, by Dimensional) holds 1281 positions; State Street® Materials Select Sector SPDR® ETF (XLB, by State Street (SPDR)) holds 25. They have 3 holdings in common, and by portfolio weight the two funds are 1.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3DFAT holds 1281 · XLB holds 25
- Weight in Shared Holdings
- DFAT 2%·XLB 6%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
1278 of 1281 positions (98.0% of the fund) are not held by XLB. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAT | XLB |
|---|---|---|
| Materials | 6.6% | 99.9% |
| Financials | 26.9% | 0.0% |
| Industrials | 16.5% | 0.0% |
| Consumer Discretionary | 12.9% | 0.0% |
| Energy | 10.8% | 0.0% |
| Other Sectors | 23.1% | 0.0% |
| 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 XLB).
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% |
| XLB | +2.6% | +17.5% | +22.4% | +10.0% | +6.8% | +10.2% | 1.61% |
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 XLB →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by CF, BALL and MOS.
Frequently Asked Questions
How much do DFAT and XLB overlap?
DFAT and XLB overlap by 1.8% of portfolio weight. They share 3 holdings (DFAT holds 1281 positions and XLB holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAT and XLB?
The two portfolios are 1.8% 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 XLB?
The largest positions held by both funds are CF, BALL and MOS. Together the top 3 shared positions account for 100% of the total overlap.
What does DFAT own that XLB doesn't?
1278 positions (98.0% of DFAT) are unique to DFAT, led by PR, WCC and AMKR. In the other direction, 22 positions (94.2% of XLB) are unique to XLB.