DFIC vs SPDW: Holdings Overlap
DFICDimensional International Core Equity 2 ETF
Dimensional · 4018 holdings · $14.8B · as of 2026-04-30
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
Holdings snapshots are 96 days apart (DFIC: 2026-04-30, SPDW: 2026-08-04). 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 SPDW?
Dimensional International Core Equity 2 ETF (DFIC, by Dimensional) holds 4018 positions; State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342. They have 1523 holdings in common, and by portfolio weight the two funds are 53.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1523DFIC holds 4018 · SPDW holds 2342
- Weight in Shared Holdings
- DFIC 80%·SPDW 82%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
2495 of 4018 positions (18.9% of the fund) are not held by SPDW. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFIC | SPDW |
|---|---|---|
| Financials | 14.8% | 21.9% |
| Industrials | 10.4% | 13.2% |
| Information Technology | 4.3% | 12.6% |
| Materials | 7.8% | 5.9% |
| Health Care | 4.8% | 6.3% |
| Other Sectors | 19.9% | 21.5% |
| Unclassified | 36.7% | 17.3% |
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, 18% of SPDW).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFIC | +4.5% | +15.5% | +27.1% | +20.0% | — | — | 2.30% |
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
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 SPDW →
Shared Holdings(1523)
The top 10 shared positions account for 9% of the overlap, led by RY, NESN and 7203.
 RYGovernment Long Bond 1.2x Strategy Fund | 0.80% | 0.87% | 0.80% |
|---|---|---|---|
 NESNNestle SA (Registered) | 0.63% | 0.76% | 0.63% |
 7203Toyota Motor Corp. NPV | 0.56% | 0.67% | 0.56% |
 ROPRoche Holding AG | 0.51% | 0.93% | 0.51% |
 TTETotalEnergies SE EUR2.5 | 0.82% | 0.51% | 0.51% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.46% | 0.73% | 0.46% |
 BHPBHP Group Ltd. | 0.42% | 0.66% | 0.42% |
 RR-Rolls-Royce Holdings PLC | 0.38% | 0.54% | 0.38% |
 ENRSiemens Energy AG | 0.37% | 0.37% | 0.37% |
 TDThe Toronto-Dominion Bank COM NEW | 0.36% | 0.59% | 0.36% |
 UCGUniCredit SpA | 0.34% | 0.47% | 0.34% |
 DTEDeutsche Telekom AG (Registered) | 0.45% | 0.34% | 0.34% |
 RIORio Tinto PLC | 0.36% | 0.32% | 0.32% |
 6501Hitachi Ltd. NPV | 0.31% | 0.47% | 0.31% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.31% | 0.81% | 0.31% |
 6758Sony Group Corp. NPV | 0.29% | 0.43% | 0.29% |
 SIESiemens AG (Registered) | 0.29% | 0.68% | 0.29% |
 ABBNABB Ltd. (Registered) | 0.28% | 0.48% | 0.28% |
 CNQCanadian Natural Resources Ltd | 0.36% | 0.28% | 0.28% |
 IFXInfineon Technologies AG | 0.38% | 0.26% | 0.26% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 0.26% | 0.41% | 0.26% |
 6857Advantest Corp. NPV | 0.25% | 0.48% | 0.25% |
 BARCBarclays PLC | 0.23% | 0.29% | 0.23% |
 AEMAgnico Eagle Mines Ltd | 0.23% | 0.26% | 0.23% |
 MUV2Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | 0.25% | 0.23% | 0.23% |
Showing the top 250 of 1523 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFIC and SPDW overlap?
DFIC and SPDW overlap by 53.8% of portfolio weight. They share 1523 holdings (DFIC holds 4018 positions and SPDW holds 2342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFIC and SPDW?
The two portfolios are 53.8% 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 SPDW?
The largest positions held by both funds are RY, NESN, 7203, ROP and TTE. Together the top 10 shared positions account for 9% of the total overlap.
What does DFIC own that SPDW doesn't?
2495 positions (18.9% of DFIC) are unique to DFIC, led by ASML, SHEL and NVS. In the other direction, 819 positions (16.1% of SPDW) are unique to SPDW.