DFAX vs VWO: Holdings Overlap
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
VWOVanguard Emerging Markets Stock Index Fund
Vanguard · 5015 holdings · $124.9B · as of 2026-04-30
How similar are DFAX and VWO?
Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527 positions; Vanguard Emerging Markets Stock Index Fund (VWO, by Vanguard) holds 5015. They have 3428 holdings in common, and by portfolio weight the two funds are 23.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3428DFAX holds 10527 · VWO holds 5015
- Weight in Shared Holdings
- DFAX 24%·VWO 88%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
7099 of 10527 positions (75.6% of the fund) are not held by VWO. 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% |
| VWO | +2.7% | +12.6% | +22.3% | +16.6% | +6.6% | +7.9% | 2.29% |
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 VWO →
Shared Holdings(3428)
The top 10 shared positions account for 14% of the overlap, led by TSMWF, 700 and 9988.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 1.45% | 14.61% | 1.45% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 0.50% | 3.26% | 0.50% |
 9988Alibaba Group Holding Ltd | 0.23% | 2.55% | 0.23% |
 3037Unimicron Technology Corp | 0.21% | 0.33% | 0.21% |
 C6TChina Construction Bank Corp | 0.19% | 0.85% | 0.19% |
 2454MediaTek Inc | 0.17% | 1.06% | 0.17% |
 AVMPFAsia Vital Components Co Ltd | 0.15% | 0.26% | 0.15% |
 3711ASE Technology Holding Co Ltd | 0.15% | 0.44% | 0.15% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.14% | 0.46% | 0.14% |
 2308Delta Electronics Inc | 0.11% | 1.17% | 0.11% |
 BHEBharat Electronics Ltd | 0.11% | 0.14% | 0.11% |
 2891CTBC Financial Holding Co Ltd | 0.10% | 0.25% | 0.10% |
 PETR4Petroleo Brasileiro SA - Petrobras | 0.10% | 0.38% | 0.10% |
 PC6PetroChina Co Ltd | 0.10% | 0.28% | 0.10% |
 MMMahindra & Mahindra Ltd | 0.10% | 0.26% | 0.10% |
 PETR3Petroleo Brasileiro SA - Petrobras | 0.10% | 0.36% | 0.10% |
 YUMCYum China Holdings Inc | 0.10% | 0.15% | 0.10% |
 2345Accton Technology Corp | 0.09% | 0.31% | 0.09% |
 AUAnglogold Ashanti PLC COM SHS | 0.09% | 0.40% | 0.09% |
 2368Gold Circuit Electronics Ltd | 0.09% | 0.13% | 0.09% |
 MTNMTN Group Ltd | 0.09% | 0.18% | 0.09% |
 175Geely Automobile Holdings Ltd | 0.09% | 0.16% | 0.09% |
 RELIANCEReliance Industries Ltd | 0.09% | 0.90% | 0.09% |
 1810Xiaomi Corp | 0.09% | 0.56% | 0.09% |
 TATATata Steel Ltd | 0.09% | 0.16% | 0.09% |
Showing the top 250 of 3428 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFAX and VWO overlap?
DFAX and VWO overlap by 23.6% of portfolio weight. They share 3428 holdings (DFAX holds 10527 positions and VWO holds 5015), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAX and VWO?
The two portfolios are 23.6% 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 VWO?
The largest positions held by both funds are TSMWF, 700, 9988, 3037 and C6T. Together the top 10 shared positions account for 14% of the total overlap.
What does DFAX own that VWO doesn't?
7099 positions (75.6% of DFAX) are unique to DFAX, led by 005930, TSM and NVS. In the other direction, 1587 positions (11.3% of VWO) are unique to VWO.