DFIV vs SPDW: Holdings Overlap
DFIVDimensional International Value ETF
Dimensional · 572 holdings · $21.4B · 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 (DFIV: 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 DFIV and SPDW?
Dimensional International Value ETF (DFIV, by Dimensional) holds 572 positions; State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342. They have 468 holdings in common, and by portfolio weight the two funds are 30.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 30.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 468DFIV holds 572 · SPDW holds 2342
- Weight in Shared Holdings
- DFIV 87%·SPDW 36%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
104 of 572 positions (12.6% of the fund) are not held by SPDW. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFIV | SPDW |
|---|---|---|
| Financials | 30.2% | 21.9% |
| Energy | 14.9% | 4.1% |
| Industrials | 6.6% | 13.2% |
| Information Technology | 1.9% | 12.6% |
| Materials | 9.8% | 5.9% |
| Other Sectors | 22.8% | 23.7% |
| Unclassified | 13.0% | 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 (13% of DFIV, 18% of SPDW).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFIV | +4.9% | +18.1% | +34.9% | +24.0% | — | — | 2.55% |
| 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 DFIV vs SPDW →
Shared Holdings(468)
The top 10 shared positions account for 19% of the overlap, led by SHEL, HSBA and 7203.
 SHELShell PLC | 0.82% | 0.76% | 0.76% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 0.68% | 1.03% | 0.68% |
 7203Toyota Motor Corp. NPV | 1.86% | 0.67% | 0.67% |
 SANBanco Santander SA | 1.83% | 0.64% | 0.64% |
 TDThe Toronto-Dominion Bank COM NEW | 1.32% | 0.59% | 0.59% |
 TTETotalEnergies SE EUR2.5 | 2.23% | 0.51% | 0.51% |
 UBSGUBS Group AG (Registered) | 0.71% | 0.50% | 0.50% |
 8316Sumitomo Mitsui Financial Group Inc. NPV | 0.90% | 0.49% | 0.49% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.47% | 0.81% | 0.47% |
 UCGUniCredit SpA | 0.54% | 0.47% | 0.47% |
 8411Mizuho Financial Group Inc. NPV | 0.51% | 0.39% | 0.39% |
 BNPBNP Paribas SA | 0.71% | 0.39% | 0.39% |
 CFRCie Financiere Richemont SA (Registered) | 0.70% | 0.38% | 0.38% |
 BMOBank of Montreal COM | 0.96% | 0.38% | 0.38% |
 BATSBritish American Tobacco PLC | 0.67% | 0.34% | 0.34% |
 DTEDeutsche Telekom AG (Registered) | 0.53% | 0.34% | 0.34% |
 BNSBank of Nova Scotia/The | 0.90% | 0.33% | 0.33% |
 CMCanadian Imperial Bank of Commerce COM | 0.71% | 0.32% | 0.32% |
 ZURNZurich Insurance Group AG | 0.94% | 0.32% | 0.32% |
 INGAING Groep NV | 0.58% | 0.31% | 0.31% |
 LLOYLloyds Banking Group PLC | 0.91% | 0.30% | 0.30% |
 BP-BP plc | 0.25% | 0.35% | 0.25% |
 CPCanadian Pacific Kansas City Ltd | 0.27% | 0.25% | 0.25% |
 ABIAnheuser-Busch InBev SA/NV | 0.32% | 0.25% | 0.25% |
 ANZANZ Group Holdings Ltd. | 0.42% | 0.23% | 0.23% |
Showing the top 250 of 468 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFIV and SPDW overlap?
DFIV and SPDW overlap by 30.4% of portfolio weight. They share 468 holdings (DFIV holds 572 positions and SPDW holds 2342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFIV and SPDW?
The two portfolios are 30.4% 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 SPDW?
The largest positions held by both funds are SHEL, HSBA, 7203, SAN and TD. Together the top 10 shared positions account for 19% of the total overlap.
What does DFIV own that SPDW doesn't?
104 positions (12.6% of DFIV) are unique to DFIV, led by SHEL, HSBC and BP. In the other direction, 1874 positions (62.4% of SPDW) are unique to SPDW.