SCHE vs DFAE: Holdings Overlap
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
DFAEDimensional Emerging Core Equity Market ETF
Dimensional · 6342 holdings · $9.5B · as of 2026-04-30
Holdings snapshots are 31 days apart (SCHE: 2026-05-31, DFAE: 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 SCHE and DFAE?
Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180 positions; Dimensional Emerging Core Equity Market ETF (DFAE, by Dimensional) holds 6342. They have 1738 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
- 1738SCHE holds 2180 · DFAE holds 6342
- Weight in Shared Holdings
- SCHE 91%·DFAE 65%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 SCHE
442 of 2180 positions (8.3% of the fund) are not held by DFAE. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHE | DFAE |
|---|---|---|
| Information Technology | 29.1% | 28.8% |
| Financials | 13.4% | 10.5% |
| Consumer Discretionary | 7.0% | 5.6% |
| Communication Services | 5.9% | 4.7% |
| Materials | 3.7% | 3.0% |
| Other Sectors | 9.7% | 8.6% |
| Unclassified | 30.8% | 39.1% |
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 (31% of SCHE, 39% of DFAE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SCHE | +3.4% | +13.1% | +22.4% | +17.1% | +6.7% | +8.0% | 2.57% |
| DFAE | +0.3% | +20.0% | +33.0% | +20.1% | +9.2% | — | 1.80% |
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 SCHE vs DFAE →
Shared Holdings(1738)
The top 10 shared positions account for 32% of the overlap, led by TSMWF, 700 and 9988.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 17.06% | 12.22% | 12.22% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 3.15% | 2.65% | 2.65% |
 9988Alibaba Group Holding Ltd | 2.57% | 1.40% | 1.40% |
 2308Delta Electronics Inc | 1.40% | 0.90% | 0.90% |
 C6TChina Construction Bank Corp | 0.88% | 0.78% | 0.78% |
 2454MediaTek Inc | 1.88% | 0.69% | 0.69% |
 HNHAFHon Hai Precision Industry Co Ltd | 1.04% | 0.53% | 0.53% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.60% | 0.52% | 0.52% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.46% | 0.47% | 0.46% |
 RELIANCEReliance Industries Ltd | 0.88% | 0.45% | 0.45% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.63% | 0.44% | 0.44% |
 BHARTIBharti Airtel Ltd | 0.54% | 0.41% | 0.41% |
 1810Xiaomi Corp | 0.57% | 0.40% | 0.40% |
 PETR4Petroleo Brasileiro SA - Petrobras | 0.35% | 0.37% | 0.35% |
 RJHISARAl Rajhi Bank | 0.49% | 0.35% | 0.35% |
 HDFCBHDFC Bank Ltd | 0.83% | 0.34% | 0.34% |
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.40% | 0.34% | 0.34% |
 W8VBank of China Ltd | 0.42% | 0.33% | 0.33% |
 3690Meituan, B Shares | 0.46% | 0.32% | 0.32% |
 3037Unimicron Technology Corp | 0.42% | 0.31% | 0.31% |
 2345Accton Technology Corp | 0.36% | 0.30% | 0.30% |
 AUAnglogold Ashanti PLC COM SHS | 0.45% | 0.29% | 0.29% |
 ARAMCSARSaudi Arabian Oil Co | 0.41% | 0.28% | 0.28% |
 9999NetEase Inc | 0.42% | 0.28% | 0.28% |
 PC6PetroChina Co Ltd | 0.27% | 0.32% | 0.27% |
Showing the top 250 of 1738 shared holdings by overlap weight.
Frequently Asked Questions
How much do SCHE and DFAE overlap?
SCHE and DFAE overlap by 63.5% of portfolio weight. They share 1738 holdings (SCHE holds 2180 positions and DFAE holds 6342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHE and DFAE?
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 SCHE and DFAE?
The largest positions held by both funds are TSMWF, 700, 9988, 2308 and C6T. Together the top 10 shared positions account for 32% of the total overlap.
What does SCHE own that DFAE doesn't?
442 positions (8.3% of SCHE) are unique to SCHE, led by NPN, 9888 and 9618. In the other direction, 4604 positions (34.8% of DFAE) are unique to DFAE.