DFEM vs VNQI: Holdings Overlap
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
How similar are DFEM and VNQI?
Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 182 holdings in common, and by portfolio weight the two funds are 1.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 182DFEM holds 6579 · VNQI holds 710
- Weight in Shared Holdings
- DFEM 2%·VNQI 14%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
6397 of 6579 positions (98.5% of the fund) are not held by VNQI. 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% |
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
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 VNQI →
Shared Holdings(182)
The top 10 shared positions account for 44% of the overlap, led by EMAARAED, 1109 and 688.
 EMAARAEDEmaar Properties PJSC | 0.20% | 1.81% | 0.20% |
|---|---|---|---|
 1109China Resources Land Ltd | 0.18% | 1.09% | 0.18% |
 688China Overseas Land & Investment Ltd | 0.06% | 0.58% | 0.06% |
 EMAA1AEDEmaar Development PJSC | 0.06% | 0.30% | 0.06% |
 1209China Resources Mixc Lifestyle Services Ltd | 0.05% | 0.32% | 0.05% |
 960Longfor Group Holdings Ltd | 0.05% | 0.18% | 0.05% |
 ALARKSARDar Al Arkan Real Estate Development Co | 0.04% | 0.23% | 0.04% |
 ALOS3Allos SA | 0.04% | 0.08% | 0.04% |
 NRPNEPI Rockcastle NV | 0.03% | 0.48% | 0.03% |
 VESTFCorp Inmobiliaria Vesta SAB de CV | 0.03% | 0.28% | 0.03% |
 3900Greentown China Holdings Ltd | 0.03% | 0.11% | 0.03% |
 ALDARAEDAldar Properties PJSC | 0.03% | 0.72% | 0.03% |
 1908C&D International Investment Group Ltd | 0.02% | 0.11% | 0.02% |
 2542Highwealth Construction Corp | 0.02% | 0.20% | 0.02% |
 JHSF3JHSF Participacoes SA | 0.02% | 0.07% | 0.02% |
 PARAUCOParque Arauco SA | 0.02% | 0.27% | 0.02% |
| Multiplan Empreendimentos Imobiliarios SA | 0.02% | 0.03% | 0.02% |
 PHNXPhoenix Mills Ltd/The | 0.02% | 0.32% | 0.02% |
 817China Jinmao Holdings Group Ltd | 0.02% | 0.10% | 0.02% |
 KREKUWAIT REAL ESTATE CO KSC | 0.02% | 0.09% | 0.02% |
 1030Seazen Group Ltd | 0.02% | 0.07% | 0.02% |
 PEPLPrestige Estates Projects Ltd | 0.02% | 0.23% | 0.02% |
 ARCPAnant Raj Ltd | 0.02% | 0.07% | 0.02% |
 2548Huaku Development Co Ltd | 0.02% | 0.10% | 0.02% |
 BRESQARBarwa Real Estate Co | 0.02% | 0.13% | 0.02% |
Frequently Asked Questions
How much do DFEM and VNQI overlap?
DFEM and VNQI overlap by 1.7% of portfolio weight. They share 182 holdings (DFEM holds 6579 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFEM and VNQI?
The two portfolios are 1.7% 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 VNQI?
The largest positions held by both funds are EMAARAED, 1109, 688, EMAA1AED and 1209. Together the top 10 shared positions account for 44% of the total overlap.
What does DFEM own that VNQI doesn't?
6397 positions (98.5% of DFEM) are unique to DFEM, led by TSMWF, 005930 and 000660. In the other direction, 528 positions (84.6% of VNQI) are unique to VNQI.