IEMG vs DFEM: Holdings Overlap
IEMGiShares Core MSCI Emerging Markets ETF
iShares · 2697 holdings · $156.6B · 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 (IEMG: 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 IEMG and DFEM?
iShares Core MSCI Emerging Markets ETF (IEMG, by iShares) holds 2697 positions; Dimensional Emerging Markets Core Equity 2 ETF (DFEM, by Dimensional) holds 6579. They have 2115 holdings in common, and by portfolio weight the two funds are 63.5% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 63.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2115IEMG holds 2697 · DFEM holds 6579
- Weight in Shared Holdings
- IEMG 90%·DFEM 83%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 IEMG
582 of 2697 positions (9.6% 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 |
|---|---|---|---|---|---|---|---|
| IEMG | +0.3% | +19.9% | +33.4% | +20.1% | +7.8% | +9.0% | 2.25% |
| 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 IEMG vs DFEM →
Shared Holdings(2115)
The top 10 shared positions account for 34% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 12.49% | 9.23% | 9.23% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 6.80% | 3.72% | 3.72% |
 000660SK hynix Inc | 5.82% | 3.20% | 3.20% |
 700Tencent Holdings Ltd. | 2.37% | 1.95% | 1.95% |
 9988Alibaba Group Holding Ltd | 1.82% | 0.95% | 0.95% |
 C6TChina Construction Bank Corp | 0.71% | 0.75% | 0.71% |
 2308Delta Electronics Inc | 1.02% | 0.51% | 0.51% |
 005380Hyundai Motor Co | 0.44% | 0.44% | 0.44% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.41% | 0.51% | 0.41% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.79% | 0.40% | 0.40% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.35% | 0.54% | 0.35% |
 BHARTIBharti Airtel Ltd | 0.34% | 0.35% | 0.34% |
 2383Elite Material Co Ltd | 0.34% | 0.33% | 0.33% |
 2454MediaTek Inc | 1.42% | 0.32% | 0.32% |
 3711ASE Technology Holding Co Ltd | 0.44% | 0.32% | 0.32% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.38% | 0.31% | 0.31% |
 3037Unimicron Technology Corp | 0.30% | 0.47% | 0.30% |
 RJHISARAl Rajhi Bank | 0.36% | 0.29% | 0.29% |
 3690Meituan, B Shares | 0.33% | 0.29% | 0.29% |
 W8VBank of China Ltd | 0.32% | 0.28% | 0.28% |
 009150Samsung Electro-Mechanics Co Ltd | 0.54% | 0.27% | 0.27% |
 PETR4Petroleo Brasileiro SA - Petrobras | 0.26% | 0.43% | 0.26% |
 1810Xiaomi Corp | 0.42% | 0.24% | 0.24% |
 1211RUBBYD Co Ltd | 0.29% | 0.23% | 0.23% |
 2345Accton Technology Corp | 0.26% | 0.23% | 0.23% |
Showing the top 250 of 2115 shared holdings by overlap weight.
Frequently Asked Questions
How much do IEMG and DFEM overlap?
IEMG and DFEM overlap by 63.5% of portfolio weight. They share 2115 holdings (IEMG holds 2697 positions and DFEM holds 6579), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IEMG and DFEM?
The two portfolios are 63.5% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of IEMG and DFEM?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and 9988. Together the top 10 shared positions account for 34% of the total overlap.
What does IEMG own that DFEM doesn't?
582 positions (9.6% of IEMG) are unique to IEMG, led by 005935, 402340 and NU. In the other direction, 4464 positions (17.5% of DFEM) are unique to DFEM.