DFAX vs VNQI: Holdings Overlap
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
How similar are DFAX and VNQI?
Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 297 holdings in common, and by portfolio weight the two funds are 1.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 297DFAX holds 10527 · VNQI holds 710
- Weight in Shared Holdings
- DFAX 2%·VNQI 48%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
10230 of 10527 positions (97.9% of the fund) are not held by VNQI. 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% |
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
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 VNQI →
Shared Holdings(297)
The top 10 shared positions account for 32% of the overlap, led by SPSN, EMAARAED and 1109.
 SPSNSwiss Prime Site AG | 0.09% | 1.26% | 0.09% |
|---|---|---|---|
 EMAARAEDEmaar Properties PJSC | 0.08% | 1.81% | 0.08% |
 1109China Resources Land Ltd | 0.07% | 1.09% | 0.07% |
 1925Daiwa House Industry Co Ltd | 0.06% | 1.68% | 0.06% |
 3289Tokyu Fudosan Holdings Corp | 0.05% | 0.46% | 0.05% |
 VNAVonovia SE | 0.04% | 2.05% | 0.04% |
 PSPNPSP Swiss Property AG | 0.04% | 0.83% | 0.04% |
 8830Sumitomo Realty & Development Co. Ltd. | 0.04% | 2.63% | 0.04% |
 688China Overseas Land & Investment Ltd | 0.04% | 0.58% | 0.04% |
 ALLNAllreal Holding AG | 0.03% | 0.36% | 0.03% |
 EMAA1AEDEmaar Development PJSC | 0.03% | 0.30% | 0.03% |
 MOBNMobimo Holding AG | 0.03% | 0.32% | 0.03% |
 1878Daito Trust Construction Co Ltd | 0.02% | 0.63% | 0.02% |
 8804Tokyo Tatemono Co Ltd | 0.02% | 0.43% | 0.02% |
 HKLHongkong Land Holdings Ltd | 0.02% | 0.71% | 0.02% |
 UOLUOL Group Ltd | 0.02% | 0.35% | 0.02% |
 ALARKSARDar Al Arkan Real Estate Development Co | 0.02% | 0.23% | 0.02% |
 CITCity Developments Ltd | 0.02% | 0.33% | 0.02% |
 8802Mitsubishi Estate Co Ltd | 0.02% | 3.14% | 0.02% |
 8801Mitsui Fudosan Co. Ltd. | 0.02% | 2.76% | 0.02% |
 16Sun Hung Kai Properties Ltd. | 0.02% | 2.44% | 0.02% |
 1113CK Asset Holdings Ltd | 0.02% | 1.12% | 0.02% |
 3231Nomura Real Estate Holdings Inc | 0.02% | 0.31% | 0.02% |
 LEGLEG Immobilien SE | 0.02% | 0.48% | 0.02% |
 3003Hulic Co Ltd | 0.02% | 0.69% | 0.02% |
Showing the top 250 of 297 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAX and VNQI overlap?
DFAX and VNQI overlap by 1.7% of portfolio weight. They share 297 holdings (DFAX holds 10527 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAX and VNQI?
The two portfolios are 1.7% 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 VNQI?
The largest positions held by both funds are SPSN, EMAARAED, 1109, 1925 and 3289. Together the top 10 shared positions account for 32% of the total overlap.
What does DFAX own that VNQI doesn't?
10230 positions (97.9% of DFAX) are unique to DFAX, led by TSMWF, 005930 and TSM. In the other direction, 413 positions (51.1% of VNQI) are unique to VNQI.