DFEM vs VEU: Holdings Overlap
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
How similar are DFEM and VEU?
Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 1965 holdings in common, and by portfolio weight the two funds are 28.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 28.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1965DFEM holds 6579 · VEU holds 3855
- Weight in Shared Holdings
- DFEM 75%·VEU 30%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
4614 of 6579 positions (25.1% of the fund) are not held by VEU. 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% |
| VEU | +2.8% | +16.6% | +28.4% | +19.2% | +9.6% | +9.9% | 2.48% |
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 VEU →
Shared Holdings(1965)
The top 10 shared positions account for 37% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 9.23% | 4.28% | 4.28% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 3.72% | 1.81% | 1.81% |
 000660SK hynix Inc | 3.20% | 1.23% | 1.23% |
 700Tencent Holdings Ltd. | 1.95% | 0.96% | 0.96% |
 9988Alibaba Group Holding Ltd | 0.95% | 0.75% | 0.75% |
 2308Delta Electronics Inc | 0.51% | 0.34% | 0.34% |
 2454MediaTek Inc | 0.32% | 0.31% | 0.31% |
 C6TChina Construction Bank Corp | 0.75% | 0.25% | 0.25% |
 RELIANCEReliance Industries Ltd | 0.22% | 0.26% | 0.22% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.40% | 0.22% | 0.22% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.51% | 0.19% | 0.19% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.31% | 0.18% | 0.18% |
 1810Xiaomi Corp | 0.24% | 0.16% | 0.16% |
 BHARTIBharti Airtel Ltd | 0.35% | 0.15% | 0.15% |
 3690Meituan, B Shares | 0.29% | 0.15% | 0.15% |
 RJHISARAl Rajhi Bank | 0.29% | 0.14% | 0.14% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.54% | 0.13% | 0.13% |
 3711ASE Technology Holding Co Ltd | 0.32% | 0.13% | 0.13% |
 1211RUBBYD Co Ltd | 0.23% | 0.12% | 0.12% |
 005380Hyundai Motor Co | 0.44% | 0.12% | 0.12% |
 AUAnglogold Ashanti PLC COM SHS | 0.13% | 0.12% | 0.12% |
 W8VBank of China Ltd | 0.28% | 0.11% | 0.11% |
 ARAMCSARSaudi Arabian Oil Co | 0.21% | 0.11% | 0.11% |
 HDFCBHDFC Bank Ltd | 0.11% | 0.24% | 0.11% |
 9999NetEase Inc | 0.15% | 0.11% | 0.11% |
Showing the top 250 of 1965 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFEM and VEU overlap?
DFEM and VEU overlap by 28.3% of portfolio weight. They share 1965 holdings (DFEM holds 6579 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFEM and VEU?
The two portfolios are 28.3% 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 VEU?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and 9988. Together the top 10 shared positions account for 37% of the total overlap.
What does DFEM own that VEU doesn't?
4614 positions (25.1% of DFEM) are unique to DFEM, led by IBN, SMSNRUB and VALE. In the other direction, 1890 positions (69.1% of VEU) are unique to VEU.