EEM vs DFEM: Holdings Overlap
EEMiShares MSCI Emerging Markets ETF
iShares · 1246 holdings · $30.2B · as of 2026-05-31
DFEMDimensional Emerging Markets Core Equity 2 ETF
Dimensional · 6579 holdings · $9.0B · as of 2026-04-30
Holdings snapshots are 31 days apart (EEM: 2026-05-31, DFEM: 2026-04-30). 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 EEM and DFEM?
iShares MSCI Emerging Markets ETF (EEM, by iShares) holds 1246 positions; Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579. They have 1006 holdings in common, and by portfolio weight the two funds are 56.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 56.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1006EEM holds 1246 · DFEM holds 6579
- Weight in Shared Holdings
- EEM 91%·DFEM 64%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 EEM
240 of 1246 positions (8.5% of the fund) are not held by DFEM. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EEM | -0.1% | +20.6% | +35.3% | +20.3% | +7.3% | +8.4% | 1.70% |
| DFEM | +0.2% | +19.5% | +31.4% | +19.8% | — | — | 1.89% |
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 EEM vs DFEM →
Shared Holdings(1006)
The top 10 shared positions account for 38% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 14.26% | 9.23% | 9.23% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 7.76% | 3.72% | 3.72% |
 000660SK hynix Inc | 6.64% | 3.20% | 3.20% |
 700Tencent Holdings Ltd. | 2.71% | 1.95% | 1.95% |
 9988Alibaba Group Holding Ltd | 2.08% | 0.95% | 0.95% |
 C6TChina Construction Bank Corp | 0.81% | 0.75% | 0.75% |
 2308Delta Electronics Inc | 1.17% | 0.51% | 0.51% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.47% | 0.51% | 0.47% |
 005380Hyundai Motor Co | 0.50% | 0.44% | 0.44% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.90% | 0.40% | 0.40% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.40% | 0.54% | 0.40% |
 BHARTIBharti Airtel Ltd | 0.39% | 0.35% | 0.35% |
 3037Unimicron Technology Corp | 0.35% | 0.47% | 0.35% |
 2383Elite Material Co Ltd | 0.39% | 0.33% | 0.33% |
 2454MediaTek Inc | 1.62% | 0.32% | 0.32% |
 3711ASE Technology Holding Co Ltd | 0.50% | 0.32% | 0.32% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.43% | 0.31% | 0.31% |
 PETR4Petroleo Brasileiro SA - Petrobras | 0.30% | 0.43% | 0.30% |
 RJHISARAl Rajhi Bank | 0.41% | 0.29% | 0.29% |
 3690Meituan, B Shares | 0.38% | 0.29% | 0.29% |
 W8VBank of China Ltd | 0.37% | 0.28% | 0.28% |
 009150Samsung Electro-Mechanics Co Ltd | 0.62% | 0.27% | 0.27% |
 1810Xiaomi Corp | 0.48% | 0.24% | 0.24% |
 1211RUBBYD Co Ltd | 0.33% | 0.23% | 0.23% |
 MMMahindra & Mahindra Ltd | 0.23% | 0.25% | 0.23% |
Showing the top 250 of 1006 shared holdings by overlap weight.
Frequently Asked Questions
How much do EEM and DFEM overlap?
EEM and DFEM overlap by 56.5% of portfolio weight. They share 1006 holdings (EEM holds 1246 positions and DFEM holds 6579), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EEM and DFEM?
The two portfolios are 56.5% 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 EEM and DFEM?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and 9988. Together the top 10 shared positions account for 38% of the total overlap.
What does EEM own that DFEM doesn't?
240 positions (8.5% of EEM) are unique to EEM, led by 005935, 402340 and NU. In the other direction, 5573 positions (36.1% of DFEM) are unique to DFEM.