DFAX vs ACWX: Holdings Overlap
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
ACWXiShares MSCI ACWI ex U.S. ETF
iShares · 1761 holdings · $11.7B · as of 2026-04-30
How similar are DFAX and ACWX?
Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527 positions; iShares MSCI ACWI ex U.S. ETF (ACWX, by iShares) holds 1761. They have 1523 holdings in common, and by portfolio weight the two funds are 50.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 50.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1523DFAX holds 10527 · ACWX holds 1761
- Weight in Shared Holdings
- DFAX 61%·ACWX 94%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 DFAX
9004 of 10527 positions (38.5% of the fund) are not held by ACWX. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFAX | +3.5% | +17.0% | +29.0% | +20.1% | — | — | 2.27% |
| ACWX | +3.0% | +16.6% | +28.7% | +19.1% | +9.3% | +9.6% | 2.46% |
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 DFAX vs ACWX →
Shared Holdings(1523)
The top 10 shared positions account for 12% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 1.45% | 4.67% | 1.45% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 1.12% | 1.95% | 1.12% |
 000660SK hynix Inc | 0.59% | 1.33% | 0.59% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.55% | 0.69% | 0.55% |
 TTETotalEnergies SE EUR2.5 | 0.61% | 0.50% | 0.50% |
 700Tencent Holdings Ltd. | 0.50% | 1.07% | 0.50% |
 7203Toyota Motor Corp. NPV | 0.40% | 0.51% | 0.40% |
 NESNNestle SA (Registered) | 0.36% | 0.71% | 0.36% |
 ROPRoche Holding AG | 0.30% | 0.78% | 0.30% |
 DTEDeutsche Telekom AG (Registered) | 0.28% | 0.32% | 0.28% |
 6857Advantest Corp. NPV | 0.24% | 0.39% | 0.24% |
 BHPBHP Group Ltd. | 0.24% | 0.55% | 0.24% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.23% | 0.80% | 0.23% |
 IFXInfineon Technologies AG | 0.23% | 0.24% | 0.23% |
 9988Alibaba Group Holding Ltd | 0.23% | 0.79% | 0.23% |
 SUSuncor Energy Inc | 0.26% | 0.23% | 0.23% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.22% | 0.57% | 0.22% |
 6501Hitachi Ltd. NPV | 0.22% | 0.41% | 0.22% |
 ENRSiemens Energy AG | 0.22% | 0.45% | 0.22% |
 AEMAgnico Eagle Mines Ltd | 0.21% | 0.26% | 0.21% |
 CNQCanadian Natural Resources Ltd | 0.21% | 0.27% | 0.21% |
 TDThe Toronto-Dominion Bank COM NEW | 0.21% | 0.50% | 0.21% |
 UCGUniCredit SpA | 0.20% | 0.29% | 0.20% |
 ABBNABB Ltd. (Registered) | 0.20% | 0.44% | 0.20% |
 RHMRheinmetall AG | 0.22% | 0.20% | 0.20% |
Showing the top 250 of 1523 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAX and ACWX overlap?
DFAX and ACWX overlap by 50.2% of portfolio weight. They share 1523 holdings (DFAX holds 10527 positions and ACWX holds 1761), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAX and ACWX?
The two portfolios are 50.2% 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 DFAX and ACWX?
The largest positions held by both funds are TSMWF, 005930, 000660, RY and TTE. Together the top 10 shared positions account for 12% of the total overlap.
What does DFAX own that ACWX doesn't?
9004 positions (38.5% of DFAX) are unique to DFAX, led by TSM, NVS and ASML. In the other direction, 238 positions (5.8% of ACWX) are unique to ACWX.