DFAX vs FVD: Holdings Overlap
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
Holdings snapshots are 30 days apart (DFAX: 2026-04-30, FVD: 2026-03-31). 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 FVD?
Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527 positions; First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236. They have 36 holdings in common, and by portfolio weight the two funds are 4.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 36DFAX holds 10527 · FVD holds 236
- Weight in Shared Holdings
- DFAX 5%·FVD 15%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
10491 of 10527 positions (95.1% of the fund) are not held by FVD. 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% |
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
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 FVD →
Shared Holdings(36)
The top 10 shared positions account for 72% of the overlap, led by NVS, SHEL and TTE.
 NVSNovartis AG SPONSORED ADR | 0.66% | 0.43% | 0.43% |
|---|---|---|---|
 SHELShell PLC SPON ADS | 0.49% | 0.43% | 0.43% |
 TTETotalEnergies SE EUR2.5 | 0.61% | 0.43% | 0.43% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.55% | 0.42% | 0.42% |
 HSBCHSBC Holdings PLC SPON ADR NEW | 0.25% | 0.43% | 0.25% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.23% | 0.45% | 0.23% |
 TDThe Toronto-Dominion Bank COM NEW | 0.21% | 0.42% | 0.21% |
 CMCanadian Imperial Bank of Commerce COM | 0.17% | 0.41% | 0.17% |
 BMOBank of Montreal COM | 0.15% | 0.41% | 0.15% |
 BNSBank of Nova Scotia/The | 0.13% | 0.42% | 0.13% |
 SLFSun Life Financial Inc. COM | 0.11% | 0.41% | 0.11% |
 RIORio Tinto PLC SPONSORED ADR | 0.11% | 0.46% | 0.11% |
 GSKGSK plc SPONSORED ADR | 0.10% | 0.44% | 0.10% |
 ULUnilever PLC SPON ADR NEW | 0.10% | 0.39% | 0.10% |
 MFCManulife Financial Corporation COM | 0.10% | 0.42% | 0.10% |
 TRPTC Energy Corp COM | 0.09% | 0.41% | 0.09% |
 PBAPembina Pipeline Corporation COM | 0.08% | 0.42% | 0.08% |
 ENBEnbridge Inc. COM | 0.08% | 0.42% | 0.08% |
 CNICanadian National Railway Company COM | 0.06% | 0.43% | 0.06% |
 FTSFortis Inc/Canada | 0.04% | 0.42% | 0.04% |
 EMAEmera Inc COM | 0.04% | 0.43% | 0.04% |
 RCIRogers Communications Inc. CL B | 0.03% | 0.41% | 0.03% |
 CCEPCoca-Cola Europacific Partners PLC COM EUR0.01 | 0.03% | 0.41% | 0.03% |
 INFYInfosys Ltd. SPONSORED ADR | 0.02% | 0.43% | 0.02% |
 DEODiageo PLC SPON ADR NEW | 0.02% | 0.42% | 0.02% |
Frequently Asked Questions
How much do DFAX and FVD overlap?
DFAX and FVD overlap by 4.0% of portfolio weight. They share 36 holdings (DFAX holds 10527 positions and FVD holds 236), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAX and FVD?
The two portfolios are 4.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DFAX and FVD?
The largest positions held by both funds are NVS, SHEL, TTE, RY and HSBC. Together the top 10 shared positions account for 72% of the total overlap.
What does DFAX own that FVD doesn't?
10491 positions (95.1% of DFAX) are unique to DFAX, led by TSMWF, 005930 and TSM. In the other direction, 200 positions (84.5% of FVD) are unique to FVD.