DFEM vs SPDW: Holdings Overlap
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
Holdings snapshots are 96 days apart (DFEM: 2026-04-30, SPDW: 2026-08-04). 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 SPDW?
Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579 positions; State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342. They have 205 holdings in common, and by portfolio weight the two funds are 4.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 205DFEM holds 6579 · SPDW holds 2342
- Weight in Shared Holdings
- DFEM 15%·SPDW 7%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
6374 of 6579 positions (85.1% of the fund) are not held by SPDW. Showing the top 30 by weight.
Only in SPDW
2137 of 2342 positions (91.8% 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% |
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
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 SPDW →
Shared Holdings(205)
The top 10 shared positions account for 61% of the overlap, led by 000660, SMSNRUB and 105560.
 000660SK hynix Inc | 3.20% | 1.68% | 1.68% |
|---|---|---|---|
 SMSNRUBSamsung Electronics Co Ltd | 0.34% | 2.29% | 0.34% |
 105560KB Financial Group Inc | 0.17% | 0.15% | 0.15% |
 009150Samsung Electro-Mechanics Co Ltd | 0.27% | 0.14% | 0.14% |
 005930Samsung Electronics Co Ltd | 3.72% | 0.12% | 0.12% |
 005380Hyundai Motor Co | 0.44% | 0.11% | 0.11% |
 055550Shinhan Financial Group Co Ltd | 0.19% | 0.11% | 0.11% |
 086790Hana Financial Group Inc | 0.25% | 0.07% | 0.07% |
 033780KT&G Corp. KRW5000 | 0.07% | 0.07% | 0.07% |
 012450Hanwha Aerospace Co Ltd | 0.17% | 0.07% | 0.07% |
 034020Doosan Enerbility Co Ltd | 0.23% | 0.07% | 0.07% |
 035420NAVER Corp | 0.07% | 0.07% | 0.07% |
 032830Samsung Life Insurance Co Ltd | 0.06% | 0.06% | 0.06% |
 000150Doosan Co Ltd | 0.20% | 0.05% | 0.05% |
 068270Celltrion Inc | 0.05% | 0.07% | 0.05% |
 006400Samsung SDI Co Ltd | 0.18% | 0.05% | 0.05% |
 298040Hyosung Heavy Industries Corp | 0.32% | 0.05% | 0.05% |
 316140Woori Financial Group Inc | 0.16% | 0.04% | 0.04% |
 000810Samsung Fire & Marine Insurance Co Ltd | 0.09% | 0.04% | 0.04% |
 066570LG Electronics Inc | 0.14% | 0.04% | 0.04% |
 034730SK Inc | 0.05% | 0.04% | 0.04% |
 009540HD Korea Shipbuilding & Offshore Engineering Co Ltd | 0.09% | 0.04% | 0.04% |
 207940Samsung Biologics Co Ltd | 0.03% | 0.04% | 0.03% |
 267260HD Hyundai Electric Co Ltd | 0.14% | 0.03% | 0.03% |
 010120LS Electric Co Ltd | 0.11% | 0.03% | 0.03% |
Frequently Asked Questions
How much do DFEM and SPDW overlap?
DFEM and SPDW overlap by 4.7% of portfolio weight. They share 205 holdings (DFEM holds 6579 positions and SPDW holds 2342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFEM and SPDW?
The two portfolios are 4.7% 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 SPDW?
The largest positions held by both funds are 000660, SMSNRUB, 105560, 009150 and 005930. Together the top 10 shared positions account for 61% of the total overlap.
What does DFEM own that SPDW doesn't?
6374 positions (85.1% of DFEM) are unique to DFEM, led by TSMWF, 700 and 9988. In the other direction, 2137 positions (91.8% of SPDW) are unique to SPDW.