DFSV vs SPSM: Holdings Overlap
DFSVDimensional US Small Cap Value ETF
Dimensional · 1029 holdings · $8.2B · as of 2026-04-30
SPSMState Street® SPDR® Portfolio S&P 600™ Small Cap ETF
State Street (SPDR) · 604 holdings · $17.3B · as of 2026-08-06
Holdings snapshots are 98 days apart (DFSV: 2026-04-30, SPSM: 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 SPSM?
Dimensional US Small Cap Value ETF (DFSV, by Dimensional) holds 1029 positions; State Street® SPDR® Portfolio S&P 600™ Small Cap ETF (SPSM, by State Street (SPDR)) holds 604. They have 309 holdings in common, and by portfolio weight the two funds are 33.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 33.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 309DFSV holds 1029 · SPSM holds 604
- Weight in Shared Holdings
- DFSV 40%·SPSM 45%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
720 of 1029 positions (60.0% of the fund) are not held by SPSM. Showing the top 30 by weight.
Only in SPSM
295 of 604 positions (54.9% of the fund) are not held by DFSV. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFSV | SPSM |
|---|---|---|
| Financials | 26.4% | 19.0% |
| Industrials | 14.9% | 17.4% |
| Consumer Discretionary | 12.7% | 13.9% |
| Information Technology | 7.2% | 12.8% |
| Energy | 12.6% | 5.8% |
| Other Sectors | 22.4% | 29.9% |
| Unclassified | 3.6% | 0.9% |
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, 1% of SPSM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFSV | +4.5% | +23.4% | +37.6% | +15.2% | — | — | 1.33% |
| SPSM | +2.4% | +24.5% | +36.5% | +14.6% | +7.7% | +10.9% | 1.36% |
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 SPSM →
Shared Holdings(309)
The top 10 shared positions account for 12% of the overlap, led by VSAT, JXN and EMN.
 VSATViaSat, Inc. COM | 0.53% | 0.61% | 0.53% |
|---|---|---|---|
 JXNJackson Financial, Inc., Class A | 0.54% | 0.51% | 0.51% |
 EMNEastman Chemical Company COM | 0.48% | 0.46% | 0.46% |
 LNCLincoln National Corp. COM | 0.41% | 0.43% | 0.41% |
 CAGConagra Brands Inc COM | 0.44% | 0.39% | 0.39% |
 MHKMohawk Industries, Inc. COM | 0.44% | 0.37% | 0.37% |
 SMSM Energy Co. COM | 0.44% | 0.36% | 0.36% |
 ACAArcosa Inc COM | 0.35% | 0.39% | 0.35% |
 LKQLKQ Corporation COM | 0.47% | 0.34% | 0.34% |
 MATXMatson Inc COM | 0.38% | 0.34% | 0.34% |
 AUBAtlantic Union Bankshares Corp COM | 0.36% | 0.33% | 0.33% |
 ABCBAmeris Bancorp COM | 0.30% | 0.30% | 0.30% |
 NENoble Corporation PLC ORD SHS A | 0.49% | 0.28% | 0.28% |
 KMXCarmax Inc COM | 0.27% | 0.45% | 0.27% |
 EBCEastern Bankshares Inc COM | 0.27% | 0.27% | 0.27% |
 RDNRadian Group Inc. COM | 0.26% | 0.26% | 0.26% |
 LTHLife Time Group Holdings Inc COMMON STOCK | 0.25% | 0.37% | 0.25% |
 FULTFulton Financial Corporation COM | 0.29% | 0.25% | 0.25% |
 DIODDiodes Incorporated COM | 0.26% | 0.25% | 0.25% |
 VSHVishay Intertechnology, Inc. COM | 0.25% | 0.25% | 0.25% |
 BFHBread Financial Holdings Inc COM | 0.29% | 0.24% | 0.24% |
 MDUMDU Resources Group, Inc. COM | 0.30% | 0.24% | 0.24% |
 ADTADT Inc COM | 0.38% | 0.24% | 0.24% |
 CATYCathay General Bancorp COM | 0.26% | 0.23% | 0.23% |
 UCBUnited Community Banks Inc.(South Carolina) COM | 0.26% | 0.23% | 0.23% |
Showing the top 250 of 309 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFSV and SPSM overlap?
DFSV and SPSM overlap by 33.1% of portfolio weight. They share 309 holdings (DFSV holds 1029 positions and SPSM holds 604), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFSV and SPSM?
The two portfolios are 33.1% 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 DFSV and SPSM?
The largest positions held by both funds are VSAT, JXN, EMN, LNC and CAG. Together the top 10 shared positions account for 12% of the total overlap.
What does DFSV own that SPSM doesn't?
720 positions (60.0% of DFSV) are unique to DFSV, led by DINO, OVV and APA. In the other direction, 295 positions (54.9% of SPSM) are unique to SPSM.