DFIV vs FNDF: Holdings Overlap
DFIVDimensional International Value ETF
Dimensional · 572 holdings · $21.4B · 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 (DFIV: 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 DFIV and FNDF?
Dimensional International Value ETF (DFIV, by Dimensional) holds 572 positions; Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888. They have 374 holdings in common, and by portfolio weight the two funds are 40.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 40.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 374DFIV holds 572 · FNDF holds 888
- Weight in Shared Holdings
- DFIV 86%·FNDF 51%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 DFIV
198 of 572 positions (12.9% of the fund) are not held by FNDF. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFIV | FNDF |
|---|---|---|
| Financials | 30.2% | 15.8% |
| Energy | 14.9% | 10.0% |
| Information Technology | 1.9% | 12.3% |
| Industrials | 6.6% | 11.4% |
| Materials | 9.8% | 9.5% |
| Other Sectors | 22.8% | 27.2% |
| Unclassified | 13.0% | 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 (13% of DFIV, 13% of FNDF).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFIV | +4.9% | +18.1% | +34.9% | +24.0% | — | — | 2.55% |
| 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 DFIV vs FNDF →
Shared Holdings(374)
The top 10 shared positions account for 19% of the overlap, led by TTE, 7203 and SHEL.
 TTETotalEnergies SE EUR2.5 | 2.23% | 1.69% | 1.69% |
|---|---|---|---|
 7203Toyota Motor Corp. NPV | 1.86% | 0.89% | 0.89% |
 SHELShell PLC | 0.82% | 2.19% | 0.82% |
 SANBanco Santander SA | 1.83% | 0.73% | 0.73% |
 HSBAHSBC Holdings PLC | 0.68% | 1.00% | 0.68% |
 GLENPENGlencore PLC | 0.67% | 1.22% | 0.67% |
 BATSBritish American Tobacco PLC | 0.67% | 0.58% | 0.58% |
 ENIEni SpA | 0.94% | 0.55% | 0.55% |
 DTEDeutsche Telekom AG (Registered) | 0.53% | 0.62% | 0.53% |
 SUSuncor Energy Inc | 1.17% | 0.51% | 0.51% |
 BASBASF SE | 1.39% | 0.50% | 0.50% |
 TDThe Toronto-Dominion Bank COM NEW | 1.32% | 0.50% | 0.50% |
 6752Panasonic Holdings Corporation COMMON STOCK | 0.49% | 0.50% | 0.49% |
 BNPBNP Paribas SA | 0.71% | 0.47% | 0.47% |
 BAYNBayer AG (Registered) | 0.81% | 0.46% | 0.46% |
 VODVodafone Group PLC | 0.41% | 0.51% | 0.41% |
| SANSanofi SA | 0.40% | 0.40% | 0.40% |
 REPRepsol SA | 0.60% | 0.38% | 0.38% |
 DHLDeutsche Post AG | 0.55% | 0.38% | 0.38% |
 NOKIANokia Oyj | 0.84% | 0.35% | 0.35% |
 BNSBank of Nova Scotia/The | 0.90% | 0.35% | 0.35% |
 5802Sumitomo Electric Industries Ltd. NPV | 0.55% | 0.35% | 0.35% |
 CVECenovus Energy Inc | 0.65% | 0.34% | 0.34% |
 ORAOrange SA | 0.89% | 0.33% | 0.33% |
 ADKoninklijke Ahold Delhaize NV | 0.89% | 0.33% | 0.33% |
Showing the top 250 of 374 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFIV and FNDF overlap?
DFIV and FNDF overlap by 40.8% of portfolio weight. They share 374 holdings (DFIV holds 572 positions and FNDF holds 888), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFIV and FNDF?
The two portfolios are 40.8% 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 DFIV and FNDF?
The largest positions held by both funds are TTE, 7203, SHEL, SAN and HSBA. Together the top 10 shared positions account for 19% of the total overlap.
What does DFIV own that FNDF doesn't?
198 positions (12.9% of DFIV) are unique to DFIV, led by SHEL, HSBC and BP. In the other direction, 514 positions (47.8% of FNDF) are unique to FNDF.