DFSV vs SPMD: Holdings Overlap
DFSVDimensional US Small Cap Value ETF
Dimensional · 1029 holdings · $8.2B · as of 2026-04-30
SPMDState Street® SPDR® Portfolio S&P 400™ Mid Cap ETF
State Street (SPDR) · 399 holdings · $18.5B · as of 2026-08-06
Holdings snapshots are 98 days apart (DFSV: 2026-04-30, SPMD: 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 SPMD?
Dimensional US Small Cap Value ETF (DFSV, by Dimensional) holds 1029 positions; State Street® SPDR® Portfolio S&P 400™ Mid Cap ETF (SPMD, by State Street (SPDR)) holds 399. They have 131 holdings in common, and by portfolio weight the two funds are 20.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 131DFSV holds 1029 · SPMD holds 399
- Weight in Shared Holdings
- DFSV 35%·SPMD 30%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
898 of 1029 positions (64.6% of the fund) are not held by SPMD. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFSV | SPMD |
|---|---|---|
| Financials | 26.4% | 16.1% |
| Industrials | 14.9% | 26.0% |
| Information Technology | 7.2% | 15.7% |
| Consumer Discretionary | 12.7% | 11.7% |
| Energy | 12.6% | 4.6% |
| Other Sectors | 22.4% | 31.5% |
| 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 SPMD).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFSV | +4.5% | +23.4% | +37.6% | +15.2% | — | — | 1.33% |
| SPMD | +3.1% | +18.5% | +26.0% | +14.6% | +9.1% | +11.3% | 1.19% |
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 SPMD →
Shared Holdings(131)
The top 10 shared positions account for 22% of the overlap, led by ARW, KNX and WCC.
 ARWArrow Electronics, Inc. COM | 0.63% | 0.63% | 0.63% |
|---|---|---|---|
 KNXKnight-Swift Transportation Holdings Inc. Class A | 0.71% | 0.63% | 0.63% |
 WCCWesco International, Inc. COM | 0.71% | 0.50% | 0.50% |
 OVVOvintiv Inc COM | 0.80% | 0.45% | 0.45% |
 PNFPPinnacle Financial Partners Inc. COM | 0.43% | 0.44% | 0.43% |
 PRPermian Resources Corporation Class A | 0.41% | 0.44% | 0.41% |
 BWABorgWarner Inc. COM | 0.76% | 0.37% | 0.37% |
 WBSWebster Financial Corporation | 0.67% | 0.35% | 0.35% |
 DINOHF Sinclair Corporation | 0.81% | 0.35% | 0.35% |
 SNXTD SYNNEX Corporation | 0.33% | 0.53% | 0.33% |
 ELANElanco Animal Health Inc COM | 0.53% | 0.33% | 0.33% |
 WTFCWintrust Financial Corporation COM | 0.38% | 0.30% | 0.30% |
 SSBSouthState Bank Corporation | 0.54% | 0.29% | 0.29% |
 BMRNBiomarin Pharmaceutical Inc. COM | 0.29% | 0.65% | 0.29% |
 ZIONZions Bancorporation Natl Assn Global Bank COM | 0.60% | 0.29% | 0.29% |
 UMBFUMB Financial Corporation | 0.38% | 0.28% | 0.28% |
 ARAntero Resources Corporation COM | 0.44% | 0.28% | 0.28% |
 DARDarling Ingredients, Inc COM | 0.65% | 0.26% | 0.26% |
 OSKOshkosh Corporation COM | 0.53% | 0.26% | 0.26% |
 AAAlcoa Corporation COM | 0.26% | 0.68% | 0.26% |
 ONBOld National Bancorp COM | 0.56% | 0.25% | 0.25% |
 RRCRange Resources Corporation | 0.35% | 0.25% | 0.25% |
 AVTRAvantor Inc COM | 0.25% | 0.25% | 0.25% |
 COLBColumbia Banking System Inc. COM | 0.57% | 0.25% | 0.25% |
 PBProsperity Bancshares Inc COM | 0.47% | 0.24% | 0.24% |
Frequently Asked Questions
How much do DFSV and SPMD overlap?
DFSV and SPMD overlap by 20.4% of portfolio weight. They share 131 holdings (DFSV holds 1029 positions and SPMD holds 399), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFSV and SPMD?
The two portfolios are 20.4% 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 SPMD?
The largest positions held by both funds are ARW, KNX, WCC, OVV and PNFP. Together the top 10 shared positions account for 22% of the total overlap.
What does DFSV own that SPMD doesn't?
898 positions (64.6% of DFSV) are unique to DFSV, led by APA, IVZ and SWKS. In the other direction, 268 positions (75.9% of SPMD) are unique to SPMD.