DFEM vs INDA: Holdings Overlap
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
iShares · 169 holdings · $6.6B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFEM: 2026-04-30, INDA: 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 INDA?
Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579 positions; iShares MSCI India ETF (INDA, by iShares) holds 169. They have 155 holdings in common, and by portfolio weight the two funds are 6.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 155DFEM holds 6579 · INDA holds 169
- Weight in Shared Holdings
- DFEM 7%·INDA 93%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
6424 of 6579 positions (93.2% of the fund) are not held by INDA. 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% |
| INDA | +2.1% | -6.8% | -4.1% | +4.7% | +3.4% | +6.6% | — |
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 INDA →
Shared Holdings(155)
The top 10 shared positions account for 27% of the overlap, led by BHARTI, MM and RELIANCE.
 BHARTIBharti Airtel Ltd | 0.35% | 3.63% | 0.35% |
|---|---|---|---|
 MMMahindra & Mahindra Ltd | 0.25% | 2.20% | 0.25% |
 RELIANCEReliance Industries Ltd | 0.22% | 6.23% | 0.22% |
 AXSBAxis Bank Ltd | 0.21% | 2.23% | 0.21% |
 INFOInfosys Ltd | 0.18% | 2.92% | 0.18% |
 TATATata Steel Ltd | 0.18% | 1.18% | 0.18% |
 HNDLHindalco Industries Ltd | 0.14% | 1.15% | 0.14% |
 TCSTata Consultancy Services Ltd | 0.13% | 1.54% | 0.13% |
 LTLarsen & Toubro Ltd | 0.12% | 2.13% | 0.12% |
 HDFCBHDFC Bank Ltd | 0.11% | 6.15% | 0.11% |
 TTANTitan Co Ltd | 0.10% | 1.09% | 0.10% |
 BHEBharat Electronics Ltd | 0.10% | 1.13% | 0.10% |
 SBINState Bank of India | 0.09% | 1.34% | 0.09% |
 KMBKotak Mahindra Bank Ltd | 0.09% | 1.59% | 0.09% |
 INDUSTOWIndus Towers Ltd | 0.09% | 0.44% | 0.09% |
 HMCLHero MotoCorp Ltd | 0.09% | 0.44% | 0.09% |
 BSEBSE Ltd | 0.09% | 0.57% | 0.09% |
 APHSApollo Hospitals Enterprise Ltd | 0.08% | 0.67% | 0.08% |
 TVSLTVS Motor Co Ltd | 0.08% | 0.60% | 0.08% |
 ALAshok Leyland Ltd | 0.08% | 0.35% | 0.08% |
 HCLTHCL Technologies Ltd | 0.07% | 0.85% | 0.07% |
 NTPCNTPC Ltd | 0.07% | 1.28% | 0.07% |
 PWGRPower Grid Corp of India Ltd | 0.07% | 1.02% | 0.07% |
 ICICIBCICICI Bank Ltd | 0.07% | 4.68% | 0.07% |
 LPCLupin Ltd | 0.07% | 0.43% | 0.07% |
Frequently Asked Questions
How much do DFEM and INDA overlap?
DFEM and INDA overlap by 6.9% of portfolio weight. They share 155 holdings (DFEM holds 6579 positions and INDA holds 169), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFEM and INDA?
The two portfolios are 6.9% 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 DFEM and INDA?
The largest positions held by both funds are BHARTI, MM, RELIANCE, AXSB and INFO. Together the top 10 shared positions account for 27% of the total overlap.
What does DFEM own that INDA doesn't?
6424 positions (93.2% of DFEM) are unique to DFEM, led by TSMWF, 005930 and 000660. In the other direction, 14 positions (6.6% of INDA) are unique to INDA.