DFEM vs FNDC: Holdings Overlap
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFEM: 2026-04-30, FNDC: 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 DFEM and FNDC?
Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579 positions; Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580. They have 148 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
- 148DFEM holds 6579 · FNDC holds 1580
- Weight in Shared Holdings
- DFEM 5%·FNDC 11%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 DFEM
6431 of 6579 positions (95.4% of the fund) are not held by FNDC. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFEM | +0.2% | +19.5% | +31.4% | +19.8% | — | — | 1.89% |
| FNDC | +4.3% | +15.1% | +22.5% | +18.2% | +8.5% | +9.0% | 3.53% |
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 DFEM vs FNDC →
Shared Holdings(148)
The top 10 shared positions account for 26% of the overlap, led by 000150, 267270 and 010120.
 000150Doosan Co Ltd | 0.20% | 0.25% | 0.20% |
|---|---|---|---|
 267270HD Construction Equipment Co Ltd | 0.14% | 0.13% | 0.13% |
 010120LS Electric Co Ltd | 0.11% | 0.11% | 0.11% |
 071050Korea Investment Holdings Co Ltd | 0.10% | 0.14% | 0.10% |
 010060OCI Holdings Co Ltd | 0.09% | 0.15% | 0.09% |
 009540HD Korea Shipbuilding & Offshore Engineering Co Ltd | 0.09% | 0.15% | 0.09% |
 047040Daewoo Engineering & Construction Co Ltd | 0.08% | 0.49% | 0.08% |
 006260LS Corp | 0.07% | 0.29% | 0.07% |
 028050Samsung E&A Co Ltd | 0.07% | 0.28% | 0.07% |
 012450Hanwha Aerospace Co Ltd | 0.17% | 0.07% | 0.07% |
 138040Meritz Financial Group Inc | 0.07% | 0.10% | 0.07% |
 1888Kingboard Laminates Holdings Ltd. | 0.07% | 0.26% | 0.07% |
 000990DB HiTek Co Ltd | 0.07% | 0.15% | 0.07% |
 CGGChina Gold International Resources Corp Ltd | 0.14% | 0.07% | 0.07% |
 016360Samsung Securities Co Ltd | 0.07% | 0.09% | 0.07% |
 241560Doosan Bobcat Inc | 0.06% | 0.12% | 0.06% |
 032830Samsung Life Insurance Co Ltd | 0.06% | 0.37% | 0.06% |
 3998Bosideng International Holdings Ltd | 0.06% | 0.08% | 0.06% |
 ALRAlior Bank SA | 0.06% | 0.06% | 0.06% |
 3800GCL-Poly Energy Holdings Ltd. | 0.06% | 0.10% | 0.06% |
 068270Celltrion Inc | 0.05% | 0.10% | 0.05% |
 047810Korea Aerospace Industries Ltd | 0.08% | 0.05% | 0.05% |
 010140Samsung Heavy Industries Co Ltd | 0.05% | 0.05% | 0.05% |
 039490KIWOOM Securities Co Ltd | 0.05% | 0.06% | 0.05% |
 006800Mirae Asset Securities Co Ltd | 0.05% | 0.15% | 0.05% |
Frequently Asked Questions
How much do DFEM and FNDC overlap?
DFEM and FNDC overlap by 4.0% of portfolio weight. They share 148 holdings (DFEM holds 6579 positions and FNDC holds 1580), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFEM and FNDC?
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 DFEM and FNDC?
The largest positions held by both funds are 000150, 267270, 010120, 071050 and 010060. Together the top 10 shared positions account for 26% of the total overlap.
What does DFEM own that FNDC doesn't?
6431 positions (95.4% of DFEM) are unique to DFEM, led by TSMWF, 005930 and 000660. In the other direction, 1432 positions (88.7% of FNDC) are unique to FNDC.