DFIC vs FVD: Holdings Overlap
DFICDimensional International Core Equity 2 ETF
Dimensional · 4018 holdings · $14.8B · as of 2026-04-30
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
Holdings snapshots are 30 days apart (DFIC: 2026-04-30, FVD: 2026-03-31). 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 FVD?
Dimensional International Core Equity 2 ETF (DFIC, by Dimensional) holds 4018 positions; First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236. They have 32 holdings in common, and by portfolio weight the two funds are 5.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 32DFIC holds 4018 · FVD holds 236
- Weight in Shared Holdings
- DFIC 7%·FVD 13%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
3986 of 4018 positions (92.1% of the fund) are not held by FVD. Showing the top 30 by weight.
Only in FVD
204 of 236 positions (86.3% of the fund) are not held by DFIC. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFIC | FVD |
|---|---|---|
| Utilities | 2.5% | 18.9% |
| Financials | 14.8% | 18.5% |
| Industrials | 10.4% | 15.1% |
| Consumer Staples | 4.3% | 10.4% |
| Real Estate | 0.6% | 8.0% |
| Other Sectors | 29.4% | 24.2% |
| Unclassified | 36.7% | 4.7% |
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, 5% of FVD).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFIC | +4.5% | +15.5% | +27.1% | +20.0% | — | — | 2.30% |
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
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 FVD →
Shared Holdings(32)
The top 10 shared positions account for 70% of the overlap, led by AZN, HSBC and NVS.
 AZNAstraZeneca PLC ORD USD0.25 | 0.46% | 0.45% | 0.45% |
|---|---|---|---|
 HSBCHSBC Holdings PLC SPON ADR NEW | 0.46% | 0.43% | 0.43% |
 NVSNovartis AG SPONSORED ADR | 0.78% | 0.43% | 0.43% |
 SHELShell PLC SPON ADS | 0.89% | 0.43% | 0.43% |
 TTETotalEnergies SE EUR2.5 | 0.82% | 0.43% | 0.43% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.80% | 0.42% | 0.42% |
 TDThe Toronto-Dominion Bank COM NEW | 0.36% | 0.42% | 0.36% |
 BMOBank of Montreal COM | 0.22% | 0.41% | 0.22% |
 CMCanadian Imperial Bank of Commerce COM | 0.22% | 0.41% | 0.22% |
 BNSBank of Nova Scotia/The | 0.20% | 0.42% | 0.20% |
 SLFSun Life Financial Inc. COM | 0.19% | 0.41% | 0.19% |
 ULUnilever PLC SPON ADR NEW | 0.17% | 0.39% | 0.17% |
 TRPTC Energy Corp COM | 0.17% | 0.41% | 0.17% |
 MFCManulife Financial Corporation COM | 0.15% | 0.42% | 0.15% |
 PBAPembina Pipeline Corporation COM | 0.14% | 0.42% | 0.14% |
 ENBEnbridge Inc. COM | 0.12% | 0.42% | 0.12% |
 CNICanadian National Railway Company COM | 0.11% | 0.43% | 0.11% |
 BTI1RUBBritish American Tobacco PLC SPONSORED ADR | 0.10% | 0.42% | 0.10% |
 RCIRogers Communications Inc. CL B | 0.09% | 0.41% | 0.09% |
 FTSFortis Inc/Canada | 0.06% | 0.42% | 0.06% |
 EMAEmera Inc COM | 0.06% | 0.43% | 0.06% |
 CCEPCoca-Cola Europacific Partners PLC COM EUR0.01 | 0.03% | 0.41% | 0.03% |
 HMCHonda Motor Co Ltd. ADR ECH CNV IN 3 | 0.03% | 0.41% | 0.03% |
 RIORio Tinto PLC SPONSORED ADR | 0.02% | 0.46% | 0.02% |
 DEODiageo PLC SPON ADR NEW | 0.02% | 0.42% | 0.02% |
Frequently Asked Questions
How much do DFIC and FVD overlap?
DFIC and FVD overlap by 5.1% of portfolio weight. They share 32 holdings (DFIC holds 4018 positions and FVD holds 236), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFIC and FVD?
The two portfolios are 5.1% 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 FVD?
The largest positions held by both funds are AZN, HSBC, NVS, SHEL and TTE. Together the top 10 shared positions account for 70% of the total overlap.
What does DFIC own that FVD doesn't?
3986 positions (92.1% of DFIC) are unique to DFIC, led by ASML, NESN and 7203. In the other direction, 204 positions (86.3% of FVD) are unique to FVD.