EMXC vs DFEM: Holdings Overlap
EMXCiShares MSCI Emerging Markets ex China ETF
iShares · 663 holdings · $23.8B · 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 (EMXC: 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 EMXC and DFEM?
iShares MSCI Emerging Markets ex China ETF (EMXC, by iShares) holds 663 positions; Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579. They have 573 holdings in common, and by portfolio weight the two funds are 44.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 44.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 573EMXC holds 663 · DFEM holds 6579
- Weight in Shared Holdings
- EMXC 92%·DFEM 47%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 EMXC
90 of 663 positions (7.5% of the fund) are not held by DFEM. Showing the top 30 by weight.
Only in DFEM
6006 of 6579 positions (53.2% of the fund) are not held by EMXC. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EMXC | -2.1% | +31.1% | +51.2% | +24.8% | +11.5% | — | 2.03% |
| 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 EMXC vs DFEM →
Shared Holdings(573)
The top 10 shared positions account for 42% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 17.94% | 9.23% | 9.23% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 9.75% | 3.72% | 3.72% |
 000660SK hynix Inc | 8.35% | 3.20% | 3.20% |
 2308Delta Electronics Inc | 1.47% | 0.51% | 0.51% |
 005380Hyundai Motor Co | 0.63% | 0.44% | 0.44% |
 3037Unimicron Technology Corp | 0.43% | 0.47% | 0.43% |
 HNHAFHon Hai Precision Industry Co Ltd | 1.13% | 0.40% | 0.40% |
 PETR4Petroleo Brasileiro SA - Petrobras | 0.38% | 0.43% | 0.38% |
 BHARTIBharti Airtel Ltd | 0.49% | 0.35% | 0.35% |
 2383Elite Material Co Ltd | 0.48% | 0.33% | 0.33% |
 2454MediaTek Inc | 2.04% | 0.32% | 0.32% |
 3711ASE Technology Holding Co Ltd | 0.62% | 0.32% | 0.32% |
 RJHISARAl Rajhi Bank | 0.52% | 0.29% | 0.29% |
 009150Samsung Electro-Mechanics Co Ltd | 0.78% | 0.27% | 0.27% |
 MMMahindra & Mahindra Ltd | 0.29% | 0.25% | 0.25% |
 2891CTBC Financial Holding Co Ltd | 0.32% | 0.23% | 0.23% |
 2345Accton Technology Corp | 0.38% | 0.23% | 0.23% |
 034020Doosan Enerbility Co Ltd | 0.31% | 0.23% | 0.23% |
 RELIANCEReliance Industries Ltd | 0.83% | 0.22% | 0.22% |
 AVMPFAsia Vital Components Co Ltd | 0.27% | 0.21% | 0.21% |
 ARAMCSARSaudi Arabian Oil Co | 0.44% | 0.21% | 0.21% |
 AXSBAxis Bank Ltd | 0.30% | 0.21% | 0.21% |
 086790Hana Financial Group Inc | 0.21% | 0.25% | 0.21% |
 EMAARAEDEmaar Properties PJSC | 0.20% | 0.20% | 0.20% |
 2360Chroma ATE Inc | 0.30% | 0.20% | 0.20% |
Showing the top 250 of 573 shared holdings by overlap weight.
Frequently Asked Questions
How much do EMXC and DFEM overlap?
EMXC and DFEM overlap by 44.9% of portfolio weight. They share 573 holdings (EMXC holds 663 positions and DFEM holds 6579), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMXC and DFEM?
The two portfolios are 44.9% 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 EMXC and DFEM?
The largest positions held by both funds are TSMWF, 005930, 000660, 2308 and 005380. Together the top 10 shared positions account for 42% of the total overlap.
What does EMXC own that DFEM doesn't?
90 positions (7.5% of EMXC) are unique to EMXC, led by 005935, 402340 and NU. In the other direction, 6006 positions (53.2% of DFEM) are unique to DFEM.