DFAX vs FNDF: Holdings Overlap
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFAX: 2026-04-30, FNDF: 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 FNDF?
Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527 positions; Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888. They have 813 holdings in common, and by portfolio weight the two funds are 39.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 39.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 813DFAX holds 10527 · FNDF holds 888
- Weight in Shared Holdings
- DFAX 44%·FNDF 95%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
9714 of 10527 positions (55.4% of the fund) are not held by FNDF. 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% |
| FNDF | +4.2% | +22.8% | +39.1% | +23.1% | +14.5% | +12.0% | 2.97% |
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 FNDF →
Shared Holdings(813)
The top 10 shared positions account for 12% of the overlap, led by 005930, TTE and 000660.
 005930Samsung Electronics Co Ltd | 1.12% | 5.51% | 1.12% |
|---|---|---|---|
 TTETotalEnergies SE EUR2.5 | 0.61% | 1.69% | 0.61% |
 000660SK hynix Inc | 0.59% | 1.37% | 0.59% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.55% | 0.52% | 0.52% |
 7203Toyota Motor Corp. NPV | 0.40% | 0.89% | 0.40% |
 NESNNestle SA (Registered) | 0.36% | 0.67% | 0.36% |
 ROPRoche Holding AG | 0.30% | 0.82% | 0.30% |
 DTEDeutsche Telekom AG (Registered) | 0.28% | 0.62% | 0.28% |
 ENGIEngie SA | 0.26% | 0.26% | 0.26% |
 SUSuncor Energy Inc | 0.26% | 0.51% | 0.26% |
 BHPBHP Group Ltd. | 0.24% | 1.22% | 0.24% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.23% | 0.38% | 0.23% |
 BASBASF SE | 0.23% | 0.50% | 0.23% |
 IFXInfineon Technologies AG | 0.23% | 0.24% | 0.23% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.22% | 0.32% | 0.22% |
 6501Hitachi Ltd. NPV | 0.22% | 0.40% | 0.22% |
 BAYNBayer AG (Registered) | 0.21% | 0.46% | 0.21% |
 CNQCanadian Natural Resources Ltd | 0.21% | 0.45% | 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% | 0.23% | 0.20% |
 ORAOrange SA | 0.20% | 0.33% | 0.20% |
 ENIEni SpA | 0.20% | 0.55% | 0.20% |
 EOANE ON SE | 0.21% | 0.19% | 0.19% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 0.19% | 0.33% | 0.19% |
Showing the top 250 of 813 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAX and FNDF overlap?
DFAX and FNDF overlap by 39.0% of portfolio weight. They share 813 holdings (DFAX holds 10527 positions and FNDF holds 888), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAX and FNDF?
The two portfolios are 39.0% 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 DFAX and FNDF?
The largest positions held by both funds are 005930, TTE, 000660, RY and 7203. Together the top 10 shared positions account for 12% of the total overlap.
What does DFAX own that FNDF doesn't?
9714 positions (55.4% of DFAX) are unique to DFAX, led by TSMWF, TSM and NVS. In the other direction, 75 positions (4.8% of FNDF) are unique to FNDF.