DFAX vs FNDC: Holdings Overlap
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFAX: 2026-04-30, FNDC: 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 DFAX and FNDC?
Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527 positions; Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580. They have 1266 holdings in common, and by portfolio weight the two funds are 17.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 17.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1266DFAX holds 10527 · FNDC holds 1580
- Weight in Shared Holdings
- DFAX 18%·FNDC 84%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
9261 of 10527 positions (81.8% of the fund) are not held by FNDC. 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% |
| FNDC | +4.3% | +15.1% | +22.5% | +18.2% | +8.5% | +9.0% | 3.53% |
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 FNDC →
Shared Holdings(1266)
The top 10 shared positions account for 7% of the overlap, led by CLS, HBAN and 4062.
 CLSCelestica Inc | 0.31% | 0.28% | 0.28% |
|---|---|---|---|
 HBANHelvetia Baloise Holding AG | 0.16% | 0.22% | 0.16% |
 4062Ibiden Co Ltd. NPV | 0.10% | 0.69% | 0.10% |
 AGIAlamos Gold Inc | 0.10% | 0.10% | 0.10% |
 EDVEndeavour Mining PLC | 0.10% | 0.13% | 0.10% |
 PAASPan American Silver Corp | 0.10% | 0.19% | 0.10% |
 SPSNSwiss Prime Site AG | 0.09% | 0.11% | 0.09% |
 EVNEvolution Mining Ltd | 0.09% | 0.15% | 0.09% |
 BMPSBanca Monte dei Paschi di Siena SpA | 0.13% | 0.08% | 0.08% |
 IMIIMI PLC | 0.08% | 0.16% | 0.08% |
 BCPBanco Comercial Portugues SA | 0.08% | 0.13% | 0.08% |
 BEZBeazley PLC | 0.08% | 0.13% | 0.08% |
 BBD-BBombardier Inc | 0.08% | 0.16% | 0.08% |
 IAGIAMGOLD Corp | 0.08% | 0.10% | 0.08% |
 HBMHudbay Minerals Inc | 0.08% | 0.20% | 0.08% |
 BKTBankinter SA | 0.07% | 0.15% | 0.07% |
 CGGChina Gold International Resources Corp Ltd | 0.07% | 0.07% | 0.07% |
 012450Hanwha Aerospace Co Ltd | 0.07% | 0.07% | 0.07% |
 6787Meiko Electronics Co Ltd. NPV | 0.06% | 0.11% | 0.06% |
 010120LS Electric Co Ltd | 0.06% | 0.11% | 0.06% |
 OGCOceanaGold Corp | 0.06% | 0.09% | 0.06% |
 ATZAritzia Inc | 0.06% | 0.08% | 0.06% |
 SPIESPIE SA | 0.06% | 0.15% | 0.06% |
 HOTHochtief AG NPV | 0.06% | 0.08% | 0.06% |
 GTTGaztransport Et Technigaz SA | 0.06% | 0.06% | 0.06% |
Showing the top 250 of 1266 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAX and FNDC overlap?
DFAX and FNDC overlap by 17.6% of portfolio weight. They share 1266 holdings (DFAX holds 10527 positions and FNDC holds 1580), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAX and FNDC?
The two portfolios are 17.6% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of DFAX and FNDC?
The largest positions held by both funds are CLS, HBAN, 4062, AGI and EDV. Together the top 10 shared positions account for 7% of the total overlap.
What does DFAX own that FNDC doesn't?
9261 positions (81.8% of DFAX) are unique to DFAX, led by TSMWF, 005930 and TSM. In the other direction, 314 positions (15.2% of FNDC) are unique to FNDC.