SPDW vs DFAI: Holdings Overlap
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
DFAIDimensional International Core Equity Market ETF
Dimensional · 3726 holdings · $17.5B · as of 2026-04-30
Holdings snapshots are 96 days apart (SPDW: 2026-08-04, DFAI: 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 SPDW and DFAI?
State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342 positions; Dimensional International Core Equity Market ETF (DFAI, by Dimensional) holds 3726. They have 1535 holdings in common, and by portfolio weight the two funds are 72.8% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 72.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1535SPDW holds 2342 · DFAI holds 3726
- Weight in Shared Holdings
- SPDW 84%·DFAI 88%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 SPDW
807 of 2342 positions (14.7% of the fund) are not held by DFAI. Showing the top 30 by weight.
Only in DFAI
2191 of 3726 positions (11.4% of the fund) are not held by SPDW. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPDW | DFAI |
|---|---|---|
| Financials | 21.9% | 20.2% |
| Industrials | 13.2% | 13.8% |
| Information Technology | 12.6% | 6.9% |
| Health Care | 6.3% | 7.2% |
| Materials | 5.9% | 7.1% |
| Other Sectors | 21.5% | 23.3% |
| Unclassified | 17.3% | 20.8% |
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 (18% of SPDW, 21% of DFAI).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
| DFAI | +4.2% | +15.2% | +26.8% | +19.3% | +10.7% | — | 2.24% |
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 SPDW vs DFAI →
Shared Holdings(1535)
The top 10 shared positions account for 10% of the overlap, led by HSBA, ROP and RY.
 HSBAHSBC Holdings PLC | 1.03% | 1.04% | 1.03% |
|---|---|---|---|
 ROPRoche Holding AG | 0.93% | 0.97% | 0.93% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.87% | 0.91% | 0.87% |
 NESNNestle SA (Registered) | 0.76% | 0.90% | 0.76% |
 SHELShell PLC | 0.76% | 1.04% | 0.76% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.73% | 0.95% | 0.73% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.81% | 0.66% | 0.66% |
 7203Toyota Motor Corp. NPV | 0.67% | 0.64% | 0.64% |
 TDThe Toronto-Dominion Bank COM NEW | 0.59% | 0.60% | 0.59% |
 BHPBHP Group Ltd. | 0.66% | 0.56% | 0.56% |
 SIESiemens AG (Registered) | 0.68% | 0.55% | 0.55% |
 CBACommonwealth Bank of Australia | 0.62% | 0.54% | 0.54% |
 TTETotalEnergies SE EUR2.5 | 0.51% | 0.65% | 0.51% |
 8035Tokyo Electron Ltd. NPV | 0.49% | 0.48% | 0.48% |
 6857Advantest Corp. NPV | 0.48% | 0.49% | 0.48% |
 RR-Rolls-Royce Holdings PLC | 0.54% | 0.46% | 0.46% |
 6501Hitachi Ltd. NPV | 0.47% | 0.43% | 0.43% |
 ALVAllianz SE (Registered) | 0.56% | 0.43% | 0.43% |
 6758Sony Group Corp. NPV | 0.43% | 0.48% | 0.43% |
 SAPSAP SE | 0.59% | 0.42% | 0.42% |
 NOVOBNovo Nordisk A/S, Class B | 0.42% | 0.44% | 0.42% |
 UBSGUBS Group AG (Registered) | 0.50% | 0.42% | 0.42% |
 SUSchneider Electric SE EUR4.00 | 0.57% | 0.41% | 0.41% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 0.41% | 0.48% | 0.41% |
 UCGUniCredit SpA | 0.47% | 0.41% | 0.41% |
Showing the top 250 of 1535 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPDW and DFAI overlap?
SPDW and DFAI overlap by 72.8% of portfolio weight. They share 1535 holdings (SPDW holds 2342 positions and DFAI holds 3726), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPDW and DFAI?
The two portfolios are 72.8% 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 SPDW and DFAI?
The largest positions held by both funds are HSBA, ROP, RY, NESN and SHEL. Together the top 10 shared positions account for 10% of the total overlap.
What does SPDW own that DFAI doesn't?
807 positions (14.7% of SPDW) are unique to SPDW, led by SMSN, A000660 and 9984. In the other direction, 2191 positions (11.4% of DFAI) are unique to DFAI.