DFEM vs KWEB: Holdings Overlap
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
KWEBKraneShares CSI China Internet ETF
KraneShares · 31 holdings · $5.7B · as of 2026-03-31
Holdings snapshots are 30 days apart (DFEM: 2026-04-30, KWEB: 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 KWEB?
Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579 positions; KraneShares CSI China Internet ETF (KWEB, by KraneShares) holds 31. They have 18 holdings in common, and by portfolio weight the two funds are 4.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 18DFEM holds 6579 · KWEB holds 31
- Weight in Shared Holdings
- DFEM 5%·KWEB 70%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
6561 of 6579 positions (95.6% of the fund) are not held by KWEB. 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% |
| KWEB | +12.3% | -15.8% | -15.2% | +2.0% | -6.7% | +0.1% | 7.31% |
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 KWEB →
Shared Holdings(18)
The top 10 shared positions account for 97% of the overlap, led by 700, 9988 and PDD.
 700Tencent Holdings Ltd. | 1.95% | 10.09% | 1.95% |
|---|---|---|---|
 9988Alibaba Group Holding Ltd | 0.95% | 8.93% | 0.95% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.51% | 8.78% | 0.51% |
 3690Meituan, B Shares | 0.29% | 7.36% | 0.29% |
 1024Kuaishou Technology | 0.18% | 3.33% | 0.18% |
 9999NetEase Inc | 0.15% | 5.91% | 0.15% |
 9961Trip.com Group Ltd | 0.13% | 3.56% | 0.13% |
 VIPSVipshop Holdings Ltd | 0.12% | 2.70% | 0.12% |
 9626Bilibili Inc., Z Shares | 0.05% | 3.17% | 0.05% |
 780Tongcheng Travel Holdings Ltd | 0.05% | 1.90% | 0.05% |
 6060ZhongAn Online P&C Insurance Co Ltd | 0.03% | 1.10% | 0.03% |
 C2XChina Literature Ltd. | 0.03% | 0.98% | 0.03% |
 TMETencent Music Entertainment Group SPON ADS | 0.02% | 2.50% | 0.02% |
 2400XD Inc | 0.02% | 1.34% | 0.02% |
 2423KE Holdings Inc | 0.02% | 4.34% | 0.02% |
 241Alibaba Health Information Technology Ltd | 0.01% | 2.23% | 0.01% |
 9899NetEase Cloud Music Inc | 0.01% | 1.06% | 0.01% |
 1797East Buy Holding Ltd | 0.00% | 1.12% | 0.00% |
Frequently Asked Questions
How much do DFEM and KWEB overlap?
DFEM and KWEB overlap by 4.5% of portfolio weight. They share 18 holdings (DFEM holds 6579 positions and KWEB holds 31), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFEM and KWEB?
The two portfolios are 4.5% 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 KWEB?
The largest positions held by both funds are 700, 9988, PDD, 3690 and 1024. Together the top 10 shared positions account for 97% of the total overlap.
What does DFEM own that KWEB doesn't?
6561 positions (95.6% of DFEM) are unique to DFEM, led by TSMWF, 005930 and 000660. In the other direction, 13 positions (29.5% of KWEB) are unique to KWEB.