DFLV vs SPY: Holdings Overlap
DFLVDimensional US Large Cap Value ETF
Dimensional · 331 holdings · $6.8B · as of 2026-04-30
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 98 days apart (DFLV: 2026-04-30, SPY: 2026-08-06). 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 DFLV and SPY?
Dimensional US Large Cap Value ETF (DFLV, by Dimensional) holds 331 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 252 holdings in common, and by portfolio weight the two funds are 31.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 31.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 252DFLV holds 331 · SPY holds 504
- Weight in Shared Holdings
- DFLV 93%·SPY 39%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 DFLV
79 of 331 positions (7.0% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFLV | SPY |
|---|---|---|
| Information Technology | 11.2% | 37.6% |
| Financials | 21.6% | 12.3% |
| Energy | 15.1% | 3.2% |
| Industrials | 13.9% | 8.8% |
| Health Care | 13.8% | 8.9% |
| Other Sectors | 24.3% | 29.1% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFLV | +4.1% | +22.2% | +35.7% | +18.5% | — | — | 1.34% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 DFLV vs SPY →
Shared Holdings(252)
The top 10 shared positions account for 36% of the overlap, led by AMZN, MU and BRK-B.
 AMZNAmazon.com, Inc. COM | 3.15% | 4.02% | 3.15% |
|---|---|---|---|
 MUMicron Technology Inc. COM | 2.75% | 1.50% | 1.50% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.70% | 1.45% | 1.45% |
 JPMJPMorgan Chase & Co. COM | 4.59% | 1.44% | 1.44% |
 JNJJohnson & Johnson COM | 2.40% | 0.93% | 0.93% |
 CSCOCisco Systems, Inc. COM | 1.90% | 0.72% | 0.72% |
 BACBank of America Corp. COM | 0.73% | 0.62% | 0.62% |
 INTCIntel Corporation COM | 0.62% | 0.71% | 0.62% |
 UNHUnitedHealth Group Inc. COM | 1.62% | 0.55% | 0.55% |
 CVXChevron Corp. COM | 2.04% | 0.53% | 0.53% |
 PGThe Procter & Gamble Co. COM | 1.39% | 0.52% | 0.52% |
 MRKMerck & Co., Inc COM | 1.19% | 0.48% | 0.48% |
 GSGoldman Sachs Group, Inc. (The) | 1.09% | 0.46% | 0.46% |
 RTXRTX Corp. COM | 0.93% | 0.45% | 0.45% |
 WFCWells Fargo & Co. COM | 1.03% | 0.40% | 0.40% |
 MSMorgan Stanley COM NEW | 1.17% | 0.39% | 0.39% |
 CCitigroup Inc. COM NEW | 0.45% | 0.34% | 0.34% |
 LINLinde PLC COM EUR0.001 | 1.26% | 0.34% | 0.34% |
 TMOThermo Fisher Scientific Inc COM | 0.66% | 0.33% | 0.33% |
 VZVerizon Communications Inc. COM | 1.20% | 0.30% | 0.30% |
 ABTAbbott Laboratories COM | 0.56% | 0.28% | 0.28% |
 ADIAnalog Devices Inc. COM | 0.80% | 0.28% | 0.28% |
 DISWalt Disney Company COM | 0.41% | 0.27% | 0.27% |
 TAT&T Inc COM | 1.08% | 0.25% | 0.25% |
 DEDeere & Company COM | 0.78% | 0.23% | 0.23% |
Showing the top 250 of 252 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFLV and SPY overlap?
DFLV and SPY overlap by 31.8% of portfolio weight. They share 252 holdings (DFLV holds 331 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFLV and SPY?
The two portfolios are 31.8% 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 DFLV and SPY?
The largest positions held by both funds are AMZN, MU, BRK-B, JPM and JNJ. Together the top 10 shared positions account for 36% of the total overlap.
What does DFLV own that SPY doesn't?
79 positions (7.0% of DFLV) are unique to DFLV, led by XOM, CCL and CTRA. In the other direction, 252 positions (60.6% of SPY) are unique to SPY.