DFAX vs SPY: Holdings Overlap
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 98 days apart (DFAX: 2026-04-30, SPY: 2026-08-06). 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 SPY?
Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 1 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1DFAX holds 10527 · SPY holds 504
- Weight in Shared Holdings
- DFAX 0%·SPY 0%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
10526 of 10527 positions (99.6% of the fund) are not held by SPY. 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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(1)
 IPInternational Paper Co. COM | 0.03% | 0.03% | 0.03% |
|---|
Frequently Asked Questions
How much do DFAX and SPY overlap?
DFAX and SPY overlap by 0.0% of portfolio weight. They share 1 holdings (DFAX holds 10527 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAX and SPY?
The two portfolios are 0.0% 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 SPY?
The largest positions held by both funds are IP. Together the top 1 shared positions account for 92% of the total overlap.
What does DFAX own that SPY doesn't?
10526 positions (99.6% of DFAX) are unique to DFAX, led by TSMWF, 005930 and TSM. In the other direction, 503 positions (99.9% of SPY) are unique to SPY.