DFAX vs IEMG: Holdings Overlap
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
IEMGiShares Core MSCI Emerging Markets ETF
iShares · 2697 holdings · $156.6B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFAX: 2026-04-30, IEMG: 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 IEMG?
Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527 positions; iShares Core MSCI Emerging Markets ETF (IEMG, by iShares) holds 2697. They have 2081 holdings in common, and by portfolio weight the two funds are 26.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 26.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2081DFAX holds 10527 · IEMG holds 2697
- Weight in Shared Holdings
- DFAX 27%·IEMG 90%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
8446 of 10527 positions (72.3% of the fund) are not held by IEMG. 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% |
| IEMG | +0.3% | +19.9% | +33.4% | +20.1% | +7.8% | +9.0% | 2.25% |
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 IEMG →
Shared Holdings(2081)
The top 10 shared positions account for 18% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 1.45% | 12.49% | 1.45% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 1.12% | 6.80% | 1.12% |
 000660SK hynix Inc | 0.59% | 5.82% | 0.59% |
 700Tencent Holdings Ltd. | 0.50% | 2.37% | 0.50% |
 9988Alibaba Group Holding Ltd | 0.23% | 1.82% | 0.23% |
 3037Unimicron Technology Corp | 0.21% | 0.30% | 0.21% |
 C6TChina Construction Bank Corp | 0.19% | 0.71% | 0.19% |
 2454MediaTek Inc | 0.17% | 1.42% | 0.17% |
 AVMPFAsia Vital Components Co Ltd | 0.15% | 0.19% | 0.15% |
 3711ASE Technology Holding Co Ltd | 0.15% | 0.44% | 0.15% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.14% | 0.35% | 0.14% |
 105560KB Financial Group Inc | 0.12% | 0.25% | 0.12% |
 2308Delta Electronics Inc | 0.11% | 1.02% | 0.11% |
 BHEBharat Electronics Ltd | 0.11% | 0.11% | 0.11% |
 2891CTBC Financial Holding Co Ltd | 0.10% | 0.22% | 0.10% |
 PETR4Petroleo Brasileiro SA - Petrobras | 0.10% | 0.26% | 0.10% |
 005380Hyundai Motor Co | 0.10% | 0.44% | 0.10% |
 PC6PetroChina Co Ltd | 0.10% | 0.20% | 0.10% |
 MMMahindra & Mahindra Ltd | 0.10% | 0.20% | 0.10% |
 086790Hana Financial Group Inc | 0.10% | 0.15% | 0.10% |
 PETR3Petroleo Brasileiro SA - Petrobras | 0.10% | 0.24% | 0.10% |
 YUMCYum China Holdings Inc | 0.10% | 0.11% | 0.10% |
 2345Accton Technology Corp | 0.09% | 0.26% | 0.09% |
 AUAnglogold Ashanti PLC COM SHS | 0.09% | 0.33% | 0.09% |
 2368Gold Circuit Electronics Ltd | 0.09% | 0.09% | 0.09% |
Showing the top 250 of 2081 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAX and IEMG overlap?
DFAX and IEMG overlap by 26.5% of portfolio weight. They share 2081 holdings (DFAX holds 10527 positions and IEMG holds 2697), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAX and IEMG?
The two portfolios are 26.5% 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 IEMG?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and 9988. Together the top 10 shared positions account for 18% of the total overlap.
What does DFAX own that IEMG doesn't?
8446 positions (72.3% of DFAX) are unique to DFAX, led by TSM, NVS and TTE. In the other direction, 616 positions (9.9% of IEMG) are unique to IEMG.