DFAX vs DFEM: Holdings Overlap
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
How similar are DFAX and DFEM?
Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527 positions; Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579. They have 6069 holdings in common, and by portfolio weight the two funds are 32.7% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 32.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6069DFAX holds 10527 · DFEM holds 6579
- Weight in Shared Holdings
- DFAX 34%·DFEM 99%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
4458 of 10527 positions (65.5% of the fund) are not held by DFEM. Showing the top 30 by weight.
Only in DFEM
510 of 6579 positions (0.7% of the fund) are not held by DFAX. 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% |
| DFEM | +0.2% | +19.5% | +31.4% | +19.8% | — | — | 1.89% |
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 DFEM →
Shared Holdings(6069)
The top 10 shared positions account for 15% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 1.45% | 9.23% | 1.45% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 1.12% | 3.72% | 1.12% |
 000660SK hynix Inc | 0.59% | 3.20% | 0.59% |
 700Tencent Holdings Ltd. | 0.50% | 1.95% | 0.50% |
 SMSNRUBSamsung Electronics Co Ltd | 0.27% | 0.34% | 0.27% |
 9988Alibaba Group Holding Ltd | 0.23% | 0.95% | 0.23% |
 3037Unimicron Technology Corp | 0.21% | 0.47% | 0.21% |
 C6TChina Construction Bank Corp | 0.19% | 0.75% | 0.19% |
 2454MediaTek Inc | 0.17% | 0.32% | 0.17% |
 AVMPFAsia Vital Components Co Ltd | 0.15% | 0.21% | 0.15% |
 3711ASE Technology Holding Co Ltd | 0.15% | 0.32% | 0.15% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.14% | 0.54% | 0.14% |
 105560KB Financial Group Inc | 0.12% | 0.17% | 0.12% |
 2308Delta Electronics Inc | 0.11% | 0.51% | 0.11% |
 2891CTBC Financial Holding Co Ltd | 0.10% | 0.23% | 0.10% |
 GFIGold Fields Ltd | 0.10% | 0.24% | 0.10% |
 PETR4Petroleo Brasileiro SA - Petrobras | 0.10% | 0.43% | 0.10% |
 IBNICICI Bank Ltd | 0.10% | 0.40% | 0.10% |
 005380Hyundai Motor Co | 0.10% | 0.44% | 0.10% |
 PC6PetroChina Co Ltd | 0.10% | 0.35% | 0.10% |
 086790Hana Financial Group Inc | 0.10% | 0.25% | 0.10% |
 MMMahindra & Mahindra Ltd | 0.10% | 0.25% | 0.10% |
 BHEBharat Electronics Ltd | 0.11% | 0.10% | 0.10% |
 TSMTaiwan Semiconductor Manufacturing Co. Ltd. | 1.01% | 0.10% | 0.10% |
 YUMCYum China Holdings Inc | 0.10% | 0.22% | 0.10% |
Showing the top 250 of 6069 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAX and DFEM overlap?
DFAX and DFEM overlap by 32.7% of portfolio weight. They share 6069 holdings (DFAX holds 10527 positions and DFEM holds 6579), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAX and DFEM?
The two portfolios are 32.7% 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 DFEM?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and SMSNRUB. Together the top 10 shared positions account for 15% of the total overlap.
What does DFAX own that DFEM doesn't?
4458 positions (65.5% of DFAX) are unique to DFAX, led by NVS, TTE and 5803. In the other direction, 510 positions (0.7% of DFEM) are unique to DFEM.