DFEM vs GNR: Holdings Overlap
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
GNRState Street® SPDR® S&P® Global Natural Resources ETF
State Street (SPDR) · 94 holdings · $4.8B · as of 2026-08-06
Holdings snapshots are 98 days apart (DFEM: 2026-04-30, GNR: 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 DFEM and GNR?
Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579 positions; State Street® SPDR® S&P® Global Natural Resources ETF (GNR, by State Street (SPDR)) holds 94. They have 9 holdings in common, and by portfolio weight the two funds are 1.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9DFEM holds 6579 · GNR holds 94
- Weight in Shared Holdings
- DFEM 1%·GNR 8%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
6570 of 6579 positions (98.7% of the fund) are not held by GNR. 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% |
| GNR | +9.0% | +20.6% | +37.3% | +13.2% | +11.1% | +10.4% | 2.46% |
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 GNR →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by VALE, FJZ and GFI.
 VALEVale SA | 0.34% | 1.27% | 0.34% |
|---|---|---|---|
 FJZZijin Mining Group Co Ltd | 0.27% | 0.65% | 0.27% |
 GFIGold Fields Ltd | 0.24% | 0.81% | 0.24% |
 RLIReliance Industries Ltd | 0.20% | 1.63% | 0.20% |
 1378China Hongqiao Group Ltd | 0.18% | 0.24% | 0.18% |
 AUAnglogold Ashanti PLC COM SHS | 0.13% | 0.90% | 0.13% |
 PBRPetroleo Brasileiro SA - Petrobras | 0.04% | 0.59% | 0.04% |
 PKXPOSCO Holdings Inc | 0.02% | 0.41% | 0.02% |
 SUZSuzano SA | 0.01% | 1.07% | 0.01% |
Frequently Asked Questions
How much do DFEM and GNR overlap?
DFEM and GNR overlap by 1.4% of portfolio weight. They share 9 holdings (DFEM holds 6579 positions and GNR holds 94), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFEM and GNR?
The two portfolios are 1.4% 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 GNR?
The largest positions held by both funds are VALE, FJZ, GFI, RLI and 1378. Together the top 9 shared positions account for 100% of the total overlap.
What does DFEM own that GNR doesn't?
6570 positions (98.7% of DFEM) are unique to DFEM, led by TSMWF, 005930 and 000660. In the other direction, 85 positions (91.8% of GNR) are unique to GNR.