DFAE vs SPEM overlap - what they share and where they differ
DFAE and SPEM share 56.6% of their weight across 1,799 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
DFAE and SPEM
56.6%
1,799 shared positions
DFAE
Dimensional Emerging Core Equity Market ETF
Reported positions cover 94% of the fund, 5,782 positions · Jul 31, 2026
Top 10: 30.3%·Holdings of DFAE
SPEM
State Street(R) SPDR(R) Portfolio Emerging Markets ETF
Reported positions cover 100% of the fund, 2,718 positions · Jun 30, 2026
Top 10: 26.7%·Holdings of SPEM
Reported positions cover DFAE 94%, SPEM 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SPEM vs DFAE side by side
DFAEDimensional Emerging Core Equity Market ETF
5,782
stock positions reported to the SEC
32.0% of its weight is in 3,983 names SPEM does not hold
SPEMState Street(R) SPDR(R) Portfolio Emerging Markets ETF
2,718
stock positions reported to the SEC
16.5% of its weight is in 919 names DFAE does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Financial Services: SPEM has 1.1 points more of it.
The figures side by side
| DFAE | SPEM | |
|---|---|---|
| Filing date | Jul 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 5,782 | 2,718 |
| Weight of the ten largest | 30.3% | 26.7% |
| Largest position | TSM 13.2% | TSM 14.7% |
| Held alone | 3,983 positions, 32.0% | 919 positions, 16.5% |
| Covered by stock positions | 94% | 100% |
Holdings they share
| Stock | In DFAE | In SPEM | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Company Limited | 13.20% | 14.65% | 13.20% |
| TENCENT HOLDINGS LIMITED | 2.57% | 2.74% | 2.57% |
| BABAAlibaba Group Holding Limited | 1.20% | 1.79% | 1.20% |
| MEDIATEK INC. | 0.97% | 1.82% | 0.97% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.79% | 0.93% | 0.79% |
| CHINA CONSTRUCTION BANK CORPORATION | 0.77% | 0.81% | 0.77% |
| DELTA ELECTRONICS, INC. | 0.62% | 1.13% | 0.62% |
| SUGPSUDARSHAN COLORANTS INDIA LIMITED | 0.48% | 1.14% | 0.48% |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | 0.46% | 0.53% | 0.46% |
| BHARTI AIRTEL LIMITED | 0.44% | 0.53% | 0.44% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in DFAE
Only in SPEM
Questions people ask
Is DFAE the same as SPEM?
56.6% of their weight sits in the same 1,799 holdings. DFAE also reports SAMSUNG ELECTRONICS CO., LTD., SKHY, SAMSUNG ELECTRO-MECHANICS CO.,LTD, which the other does not. SPEM also reports PDD, AL RAJHI BANK, DELTA ELECTRONICS THAILAND PCL, which the other does not.
How is the overlap between DFAE and SPEM measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 94% of DFAE and 100% of SPEM, so the number cannot exceed the smaller coverage.
Which holds more, SPEM or DFAE?
DFAE reports 5,782 stock positions and SPEM reports 2,718. 32.0% of DFAE's weight sits in names SPEM does not hold, and 16.5% of SPEM's weight in names DFAE does not hold. The ten largest positions are 30.3% of DFAE and 26.7% of SPEM.
How do DFAE and SPEM differ by sector?
The widest gap is Financial Services: SPEM has 1.1 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.