DFEM vs GRID: Holdings Overlap
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
Holdings snapshots are 30 days apart (DFEM: 2026-04-30, GRID: 2026-03-31). 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 GRID?
Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579 positions; First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120. They have 28 holdings in common, and by portfolio weight the two funds are 1.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 28DFEM holds 6579 · GRID holds 120
- Weight in Shared Holdings
- DFEM 2%·GRID 9%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
6551 of 6579 positions (98.6% of the fund) are not held by GRID. Showing the top 30 by weight.
Only in GRID
92 of 120 positions (91.2% of the fund) are not held by DFEM. 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% |
| GRID | +2.2% | +22.4% | +31.6% | +23.6% | +15.0% | +18.9% | 0.77% |
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 GRID →
Shared Holdings(28)
The top 10 shared positions account for 77% of the overlap, led by 1211RUB, 267260 and 010120.
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.23% | 0.26% | 0.23% |
|---|---|---|---|
 267260HD Hyundai Electric Co Ltd. KRW5000 | 0.14% | 1.56% | 0.14% |
 010120LS Electric Co. Ltd KRW5000 | 0.11% | 0.86% | 0.11% |
 006400Samsung SDI Co Ltd. KRW5000 | 0.18% | 0.09% | 0.09% |
 EQTL3Equatorial SA COM NPV | 0.08% | 1.32% | 0.08% |
 1519Fortune Electric C TWD10 | 0.06% | 0.82% | 0.06% |
 WEGE3Weg SA COM NPV | 0.04% | 0.11% | 0.04% |
 298040Hyosung Heavy Industries Corporation KRW5000 | 0.32% | 0.04% | 0.04% |
 103590Iljin Electric Co Ltd KRW1000 (NEW) | 0.04% | 0.14% | 0.04% |
| Wasion Holdings Ltd HKD0.01 | 0.03% | 0.22% | 0.03% |
| Transmissora Alianca de Energia Eletrica SA UNITS(1 COM NPV & 2 PRF NPV) | 0.03% | 0.38% | 0.03% |
 CPLE3Companhia Paranaense de Energia - COPEL COM NPV | 0.03% | 0.27% | 0.03% |
 ENGI11Energisa S.A. UNITS (1 COM & 4 PRF) | 0.03% | 0.52% | 0.03% |
 2395Advantech Co Ltd. TWD10 | 0.04% | 0.03% | 0.03% |
 6409Voltronic Power Technology Corp. TWD10 | 0.03% | 0.25% | 0.03% |
| Isa Energia Brasil PREF NPV | 0.02% | 0.22% | 0.02% |
 1609Ta Ya Electric Wire & Cable Co., Ltd. TWD10 | 0.01% | 0.11% | 0.01% |
| Alupar Investimento SA UNITS (1 COM & 2 PRF) | 0.01% | 0.30% | 0.01% |
 ASTORAstor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS | 0.01% | 0.22% | 0.01% |
 1503Shihlin Electric & Engineering Corp | 0.01% | 0.25% | 0.01% |
 2371Tatung Co. Ltd. TWD10 | 0.03% | 0.01% | 0.01% |
 1513Chung-Hsin Electric & Machinery Manufacturing Corp | 0.04% | 0.01% | 0.01% |
 001440Taihan Cable & Solution Co Ltd. KRW1000 | 0.01% | 0.24% | 0.01% |
| Allis Electric Co Ltd. ORD TWD10 | 0.01% | 0.12% | 0.01% |
| LS Eco Energy Ltd. KRW500 | 0.01% | 0.03% | 0.01% |
Frequently Asked Questions
How much do DFEM and GRID overlap?
DFEM and GRID overlap by 1.1% of portfolio weight. They share 28 holdings (DFEM holds 6579 positions and GRID holds 120), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFEM and GRID?
The two portfolios are 1.1% 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 GRID?
The largest positions held by both funds are 1211RUB, 267260, 010120, 006400 and EQTL3. Together the top 10 shared positions account for 77% of the total overlap.
What does DFEM own that GRID doesn't?
6551 positions (98.6% of DFEM) are unique to DFEM, led by TSMWF, 005930 and 000660. In the other direction, 92 positions (91.2% of GRID) are unique to GRID.