DFIC vs EWC: Holdings Overlap
DFICDimensional International Core Equity 2 ETF
Dimensional · 4018 holdings · $14.8B · as of 2026-04-30
iShares · 84 holdings · $6.2B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFIC: 2026-04-30, EWC: 2026-05-31). 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 DFIC and EWC?
Dimensional International Core Equity 2 ETF (DFIC, by Dimensional) holds 4018 positions; iShares MSCI Canada ETF (EWC, by iShares) holds 84. They have 80 holdings in common, and by portfolio weight the two funds are 9.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 80DFIC holds 4018 · EWC holds 84
- Weight in Shared Holdings
- DFIC 9%·EWC 98%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 DFIC
3938 of 4018 positions (89.4% of the fund) are not held by EWC. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFIC | EWC |
|---|---|---|
| Financials | 14.8% | 37.4% |
| Energy | 5.9% | 17.1% |
| Materials | 7.8% | 15.5% |
| Industrials | 10.4% | 5.5% |
| Information Technology | 4.3% | 8.2% |
| Other Sectors | 18.8% | 9.3% |
| Unclassified | 36.7% | 6.9% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (37% of DFIC, 7% of EWC).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFIC | +4.5% | +15.5% | +27.1% | +20.0% | — | — | 2.30% |
| EWC | +5.0% | +14.2% | +31.3% | +22.9% | +12.6% | +11.6% | 1.22% |
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 DFIC vs EWC →
Shared Holdings(80)
The top 10 shared positions account for 36% of the overlap, led by RY, SU and TD.
 RYGovernment Long Bond 1.2x Strategy Fund | 0.80% | 8.71% | 0.80% |
|---|---|---|---|
 SUSuncor Energy Inc | 0.38% | 2.44% | 0.38% |
 TDThe Toronto-Dominion Bank COM NEW | 0.36% | 6.28% | 0.36% |
 CNQCanadian Natural Resources Ltd | 0.36% | 3.08% | 0.36% |
 NANational Bank of Canada | 0.28% | 1.85% | 0.28% |
 CVECenovus Energy Inc | 0.28% | 1.27% | 0.28% |
 KUSDKinross Gold Corp | 0.27% | 1.19% | 0.27% |
 AEMAgnico Eagle Mines Ltd | 0.23% | 3.00% | 0.23% |
 ABXBarrick Mining Corp | 0.23% | 2.34% | 0.23% |
 FFHFairfax Financial Holdings Ltd | 0.23% | 1.04% | 0.23% |
 BMOBank of Montreal COM | 0.22% | 3.74% | 0.22% |
 CMCanadian Imperial Bank of Commerce COM | 0.22% | 3.30% | 0.22% |
 BNSBank of Nova Scotia/The | 0.20% | 3.22% | 0.20% |
 SLFSun Life Financial Inc. COM | 0.19% | 1.29% | 0.19% |
 IFCIntact Financial Corp | 0.19% | 1.14% | 0.19% |
 CLSCelestica Inc | 0.18% | 1.45% | 0.18% |
 MGAMagna International Inc | 0.17% | 0.56% | 0.17% |
 TRPTC Energy Corp COM | 0.17% | 2.25% | 0.17% |
 PAASPan American Silver Corp | 0.16% | 0.78% | 0.16% |
 ARXARC Resources Ltd | 0.15% | 0.42% | 0.15% |
 MFCManulife Financial Corporation COM | 0.15% | 2.09% | 0.15% |
 WCPWhitecap Resources Inc | 0.15% | 0.45% | 0.15% |
 TOUTourmaline Oil Corp | 0.14% | 0.55% | 0.14% |
 PBAPembina Pipeline Corporation COM | 0.14% | 0.88% | 0.14% |
 NTRNutrien Ltd | 0.14% | 1.08% | 0.14% |
Frequently Asked Questions
How much do DFIC and EWC overlap?
DFIC and EWC overlap by 9.4% of portfolio weight. They share 80 holdings (DFIC holds 4018 positions and EWC holds 84), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFIC and EWC?
The two portfolios are 9.4% 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 DFIC and EWC?
The largest positions held by both funds are RY, SU, TD, CNQ and NA. Together the top 10 shared positions account for 36% of the total overlap.
What does DFIC own that EWC doesn't?
3938 positions (89.4% of DFIC) are unique to DFIC, led by ASML, SHEL and TTE. In the other direction, 4 positions (2.3% of EWC) are unique to EWC.