DFSV vs FREL: Holdings Overlap
DFSVDimensional US Small Cap Value ETF
Dimensional · 1029 holdings · $8.2B · as of 2026-04-30
FRELFidelity MSCI Real Estate Index ETF
Fidelity · 127 holdings · $1.5B · as of 2026-04-30
How similar are DFSV and FREL?
Dimensional US Small Cap Value ETF (DFSV, by Dimensional) holds 1029 positions; Fidelity MSCI Real Estate Index ETF (FREL, by Fidelity) holds 127. They have 8 holdings in common, and by portfolio weight the two funds are 0.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8DFSV holds 1029 · FREL holds 127
- Weight in Shared Holdings
- DFSV 1%·FREL 2%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 DFSV
1021 of 1029 positions (99.1% of the fund) are not held by FREL. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFSV | FREL |
|---|---|---|
| Real Estate | 0.7% | 99.3% |
| Financials | 26.4% | 0.0% |
| Industrials | 14.9% | 0.0% |
| Consumer Discretionary | 12.7% | 0.0% |
| Energy | 12.6% | 0.0% |
| Other Sectors | 28.8% | 0.5% |
| Unclassified | 3.6% | 0.0% |
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 (4% of DFSV, 0% of FREL).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFSV | +4.5% | +23.4% | +37.6% | +15.2% | — | — | 1.33% |
| FREL | -0.1% | +13.3% | +13.6% | +9.7% | +2.0% | +5.4% | 3.23% |
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 DFSV vs FREL →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by HHH, CWK and JLL.
 HHHHoward Hughes Holdings Inc. COM | 0.23% | 0.14% | 0.14% |
|---|---|---|---|
 CWKCushman And Wakefield Ltd. COMMON SHARES | 0.21% | 0.12% | 0.12% |
 JLLJones Lang LaSalle Incorporated COM | 0.06% | 1.00% | 0.06% |
 FORForestar Group Inc. COM | 0.10% | 0.05% | 0.05% |
 MMIMarcus & Millichap Inc COM | 0.05% | 0.06% | 0.05% |
 COMPCompass, Inc., Class A | 0.02% | 0.30% | 0.02% |
| Kennedy-Wilson Holdings Inc COM | 0.02% | 0.08% | 0.02% |
 NMRKNewmark Group, Inc., Class A | 0.01% | 0.16% | 0.01% |
Frequently Asked Questions
How much do DFSV and FREL overlap?
DFSV and FREL overlap by 0.5% of portfolio weight. They share 8 holdings (DFSV holds 1029 positions and FREL holds 127), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFSV and FREL?
The two portfolios are 0.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DFSV and FREL?
The largest positions held by both funds are HHH, CWK, JLL, FOR and MMI. Together the top 8 shared positions account for 100% of the total overlap.
What does DFSV own that FREL doesn't?
1021 positions (99.1% of DFSV) are unique to DFSV, led by DINO, OVV and APA. In the other direction, 119 positions (97.9% of FREL) are unique to FREL.