DFEM vs PHO: Holdings Overlap
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
How similar are DFEM and PHO?
Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579 positions; Invesco Water Resources ETF (PHO, by Invesco) holds 36. They have 1 holdings in common, and by portfolio weight the two funds are 0.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1DFEM holds 6579 · PHO holds 36
- Weight in Shared Holdings
- DFEM 0%·PHO 1%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
6578 of 6579 positions (100.1% of the fund) are not held by PHO. 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% |
| PHO | +5.7% | +4.5% | +3.2% | +8.8% | +5.6% | +12.2% | 0.55% |
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 PHO →
Shared Holdings(1)
 SBSCia de Saneamento Basico do Estado de Sao Paulo SABESP | 0.06% | 1.32% | 0.06% |
|---|
Frequently Asked Questions
How much do DFEM and PHO overlap?
DFEM and PHO overlap by 0.1% of portfolio weight. They share 1 holdings (DFEM holds 6579 positions and PHO holds 36), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFEM and PHO?
The two portfolios are 0.1% 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 PHO?
The largest positions held by both funds are SBS. Together the top 1 shared positions account for 100% of the total overlap.
What does DFEM own that PHO doesn't?
6578 positions (100.1% of DFEM) are unique to DFEM, led by TSMWF, 005930 and 000660. In the other direction, 35 positions (98.7% of PHO) are unique to PHO.