DFIC vs FNDF: Holdings Overlap
DFICDimensional International Core Equity 2 ETF
Dimensional · 4018 holdings · $14.8B · as of 2026-04-30
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFIC: 2026-04-30, FNDF: 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 FNDF?
Dimensional International Core Equity 2 ETF (DFIC, by Dimensional) holds 4018 positions; Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888. They have 755 holdings in common, and by portfolio weight the two funds are 48.7% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 48.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 755DFIC holds 4018 · FNDF holds 888
- Weight in Shared Holdings
- DFIC 62%·FNDF 80%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
3263 of 4018 positions (36.4% of the fund) are not held by FNDF. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFIC | FNDF |
|---|---|---|
| Financials | 14.8% | 15.8% |
| Information Technology | 4.3% | 12.3% |
| Industrials | 10.4% | 11.4% |
| Energy | 5.9% | 10.0% |
| Materials | 7.8% | 9.5% |
| Other Sectors | 18.8% | 27.2% |
| Unclassified | 36.7% | 13.1% |
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, 13% of FNDF).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFIC | +4.5% | +15.5% | +27.1% | +20.0% | — | — | 2.30% |
| FNDF | +4.2% | +22.8% | +39.1% | +23.1% | +14.5% | +12.0% | 2.97% |
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 FNDF →
Shared Holdings(755)
The top 10 shared positions account for 10% of the overlap, led by TTE, NESN and 7203.
 TTETotalEnergies SE EUR2.5 | 0.82% | 1.69% | 0.82% |
|---|---|---|---|
 NESNNestle SA (Registered) | 0.63% | 0.67% | 0.63% |
 7203Toyota Motor Corp. NPV | 0.56% | 0.89% | 0.56% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.80% | 0.52% | 0.52% |
 ROPRoche Holding AG | 0.51% | 0.82% | 0.51% |
 DTEDeutsche Telekom AG (Registered) | 0.45% | 0.62% | 0.45% |
 BHPBHP Group Ltd. | 0.42% | 1.22% | 0.42% |
 BASBASF SE | 0.40% | 0.50% | 0.40% |
 SUSuncor Energy Inc | 0.38% | 0.51% | 0.38% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.46% | 0.38% | 0.38% |
 TDThe Toronto-Dominion Bank COM NEW | 0.36% | 0.50% | 0.36% |
 RIORio Tinto PLC | 0.36% | 0.80% | 0.36% |
 CNQCanadian Natural Resources Ltd | 0.36% | 0.45% | 0.36% |
 BAYNBayer AG (Registered) | 0.34% | 0.46% | 0.34% |
 ORAOrange SA | 0.33% | 0.33% | 0.33% |
 ENIEni SpA | 0.31% | 0.55% | 0.31% |
 6501Hitachi Ltd. NPV | 0.31% | 0.40% | 0.31% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.31% | 0.32% | 0.31% |
 DHLDeutsche Post AG | 0.30% | 0.38% | 0.30% |
 6758Sony Group Corp. NPV | 0.29% | 0.30% | 0.29% |
 UCGUniCredit SpA | 0.34% | 0.29% | 0.29% |
 SIESiemens AG (Registered) | 0.29% | 0.47% | 0.29% |
 CVECenovus Energy Inc | 0.28% | 0.34% | 0.28% |
 DGVinci SA | 0.27% | 0.27% | 0.27% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 0.26% | 0.33% | 0.26% |
Showing the top 250 of 755 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFIC and FNDF overlap?
DFIC and FNDF overlap by 48.7% of portfolio weight. They share 755 holdings (DFIC holds 4018 positions and FNDF holds 888), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFIC and FNDF?
The two portfolios are 48.7% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of DFIC and FNDF?
The largest positions held by both funds are TTE, NESN, 7203, RY and ROP. Together the top 10 shared positions account for 10% of the total overlap.
What does DFIC own that FNDF doesn't?
3263 positions (36.4% of DFIC) are unique to DFIC, led by ASML, SHEL and NVS. In the other direction, 133 positions (19.1% of FNDF) are unique to FNDF.