VSS vs DFAX: Holdings Overlap
VSSVanguard FTSE All-world Ex-us Small-cap Index Fund
Vanguard · 4810 holdings · $11.7B · as of 2026-04-30
DFAXDimensional World ex. U.S. Core Equity 2 ETF
Dimensional · 10527 holdings · $12.0B · as of 2026-04-30
How similar are VSS and DFAX?
Vanguard FTSE All-world Ex-us Small-cap Index Fund (VSS, by Vanguard) holds 4810 positions; Dimensional World ex. U.S. Core Equity 2 ETF (DFAX, by Dimensional) holds 10527. They have 3389 holdings in common, and by portfolio weight the two funds are 16.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3389VSS holds 4810 · DFAX holds 10527
- Weight in Shared Holdings
- VSS 76%·DFAX 16%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 VSS
1421 of 4810 positions (22.9% of the fund) are not held by DFAX. Showing the top 30 by weight.
Only in DFAX
7138 of 10527 positions (83.2% of the fund) are not held by VSS. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VSS | +3.4% | +11.3% | +19.8% | +15.6% | +6.0% | +8.0% | 3.14% |
| DFAX | +3.5% | +17.0% | +29.0% | +20.1% | — | — | 2.27% |
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 VSS vs DFAX →
Shared Holdings(3389)
The top 10 shared positions account for 4% of the overlap, led by FTT, HBM and 2337.
 FTTFinning International Inc | 0.26% | 0.08% | 0.08% |
|---|---|---|---|
 HBMHudbay Minerals Inc | 0.23% | 0.08% | 0.08% |
 2337Macronix International Co Ltd | 0.24% | 0.07% | 0.07% |
 6787Meiko Electronics Co Ltd. NPV | 0.10% | 0.06% | 0.06% |
 2313Compeq Manufacturing Co Ltd | 0.21% | 0.06% | 0.06% |
 ATZAritzia Inc | 0.27% | 0.06% | 0.06% |
 OGCOceanaGold Corp | 0.19% | 0.06% | 0.06% |
 GTTGaztransport Et Technigaz SA | 0.24% | 0.06% | 0.06% |
 BABBabcock International Group PLC | 0.10% | 0.06% | 0.06% |
 NKTNkt AS DKK20 | 0.21% | 0.06% | 0.06% |
 ACLNAccelleron Industries AG | 0.27% | 0.05% | 0.05% |
 SPMSaipem SpA | 0.19% | 0.05% | 0.05% |
 GAWGames Workshop Group PLC | 0.23% | 0.05% | 0.05% |
 8358Co-Tech Development Corp | 0.07% | 0.05% | 0.05% |
 EGOEldorado Gold Corp | 0.20% | 0.05% | 0.05% |
 BGEOLion Finance Group PLC | 0.14% | 0.05% | 0.05% |
 DPMDPM Metals Inc | 0.19% | 0.05% | 0.05% |
 JYSKJyske Bank A/S | 0.15% | 0.05% | 0.05% |
 RILBARingkjoebing Landbobank A/S | 0.17% | 0.05% | 0.05% |
 PEYPeyto Exploration & Development Corp | 0.10% | 0.05% | 0.05% |
 TE1RUBTechnip Energies NV | 0.19% | 0.05% | 0.05% |
 NEXNexans SA | 0.20% | 0.04% | 0.04% |
 BTGB2Gold Corp | 0.16% | 0.04% | 0.04% |
 CSCapstone Copper Corp | 0.15% | 0.04% | 0.04% |
 NDAAurubis AG | 0.19% | 0.04% | 0.04% |
Showing the top 250 of 3389 shared holdings by overlap weight.
Frequently Asked Questions
How much do VSS and DFAX overlap?
VSS and DFAX overlap by 16.3% of portfolio weight. They share 3389 holdings (VSS holds 4810 positions and DFAX holds 10527), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VSS and DFAX?
The two portfolios are 16.3% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of VSS and DFAX?
The largest positions held by both funds are FTT, HBM, 2337, 6787 and 2313. Together the top 10 shared positions account for 4% of the total overlap.
What does VSS own that DFAX doesn't?
1421 positions (22.9% of VSS) are unique to VSS, led by NXE, AED and 3081. In the other direction, 7138 positions (83.2% of DFAX) are unique to DFAX.