DFSV vs KBE: Holdings Overlap
DFSVDimensional US Small Cap Value ETF
Dimensional · 1029 holdings · $8.2B · as of 2026-04-30
KBEState Street® SPDR® S&P® Bank ETF
State Street (SPDR) · 102 holdings · $1.7B · as of 2026-08-06
Holdings snapshots are 98 days apart (DFSV: 2026-04-30, KBE: 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 DFSV and KBE?
Dimensional US Small Cap Value ETF (DFSV, by Dimensional) holds 1029 positions; State Street® SPDR® S&P® Bank ETF (KBE, by State Street (SPDR)) holds 102. They have 63 holdings in common, and by portfolio weight the two funds are 17.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 17.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 63DFSV holds 1029 · KBE holds 102
- Weight in Shared Holdings
- DFSV 17%·KBE 61%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
966 of 1029 positions (82.4% of the fund) are not held by KBE. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFSV | KBE |
|---|---|---|
| Financials | 26.4% | 98.9% |
| Industrials | 14.9% | 0.0% |
| Consumer Discretionary | 12.7% | 0.0% |
| Energy | 12.6% | 0.0% |
| Information Technology | 7.2% | 0.0% |
| Other Sectors | 22.4% | 0.0% |
| 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 KBE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFSV | +4.5% | +23.4% | +37.6% | +15.2% | — | — | 1.33% |
| KBE | +1.8% | +16.6% | +29.1% | +21.5% | +9.2% | +10.6% | 2.10% |
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 KBE →
Shared Holdings(63)
The top 10 shared positions account for 31% of the overlap, led by WBS, ZION and COLB.
 WBSWebster Financial Corporation | 0.67% | 1.00% | 0.67% |
|---|---|---|---|
 ZIONZions Bancorporation Natl Assn Global Bank COM | 0.60% | 0.97% | 0.60% |
 COLBColumbia Banking System Inc. COM | 0.57% | 0.93% | 0.57% |
 ONBOld National Bancorp COM | 0.56% | 0.99% | 0.56% |
 SSBSouthState Bank Corporation | 0.54% | 1.01% | 0.54% |
 JXNJackson Financial, Inc., Class A | 0.54% | 1.14% | 0.54% |
 VLYValley National Bancorp. COM | 0.50% | 0.93% | 0.50% |
 PBProsperity Bancshares Inc COM | 0.47% | 0.95% | 0.47% |
 BOKFBOK Financial Corp COM NEW | 0.46% | 1.00% | 0.46% |
 PNFPPinnacle Financial Partners Inc. COM | 0.43% | 1.03% | 0.43% |
 FNBF N B Corp (Pennsylvania) COM | 0.43% | 0.95% | 0.43% |
 MTGMGIC Investment Corporation | 0.42% | 1.07% | 0.42% |
 UBSIUnited Bankshares Inc COM | 0.41% | 0.98% | 0.41% |
 ESNTEssent Group Ltd. COM USD0.015 | 0.38% | 1.01% | 0.38% |
 OZKBank OZK COM | 0.38% | 0.92% | 0.38% |
 UMBFUMB Financial Corporation | 0.38% | 1.00% | 0.38% |
 WTFCWintrust Financial Corporation COM | 0.38% | 0.94% | 0.38% |
 HWCHancock Whitney Corporation COM | 0.37% | 0.99% | 0.37% |
 BPOPPopular, Inc. COM USD0.01 | 0.36% | 1.03% | 0.36% |
 AUBAtlantic Union Bankshares Corp COM | 0.36% | 0.99% | 0.36% |
 WALWestern Alliance Bancorporation | 0.35% | 0.91% | 0.35% |
 ASBAssociated Banc-Corp COM | 0.34% | 0.99% | 0.34% |
 TCBITexas Capital Bancshares, Inc. COM | 0.30% | 0.90% | 0.30% |
 ABCBAmeris Bancorp COM | 0.30% | 0.93% | 0.30% |
 FULTFulton Financial Corporation COM | 0.29% | 0.98% | 0.29% |
Frequently Asked Questions
How much do DFSV and KBE overlap?
DFSV and KBE overlap by 17.4% of portfolio weight. They share 63 holdings (DFSV holds 1029 positions and KBE holds 102), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFSV and KBE?
The two portfolios are 17.4% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of DFSV and KBE?
The largest positions held by both funds are WBS, ZION, COLB, ONB and SSB. Together the top 10 shared positions account for 31% of the total overlap.
What does DFSV own that KBE doesn't?
966 positions (82.4% of DFSV) are unique to DFSV, led by DINO, OVV and APA. In the other direction, 39 positions (37.8% of KBE) are unique to KBE.