DFAI vs SPDW overlap - what they share and where they differ
DFAI and SPDW share 70.3% of their weight across 1,468 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.
DFAI and SPDW
70.3%
1,468 shared positions
DFAI
Dimensional International Core Equity Market ETF
Reported positions cover 96% of the fund, 3,269 positions · Jul 31, 2026
Top 10: 9.2%·Holdings of DFAI
SPDW
State Street(R) SPDR(R) Portfolio Developed World ex-US ETF
Reported positions cover 99% of the fund, 2,285 positions · Jun 30, 2026
Top 10: 14.5%·Holdings of SPDW
Reported positions cover DFAI 96%, SPDW 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SPDW vs DFAI side by side
DFAIDimensional International Core Equity Market ETF
3,269
stock positions reported to the SEC
10.3% of its weight is in 1,801 names SPDW does not hold
SPDWState Street(R) SPDR(R) Portfolio Developed World ex-US ETF
2,285
stock positions reported to the SEC
20.0% of its weight is in 817 names DFAI does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: SPDW has 4.9 points more of it.
The figures side by side
| DFAI | SPDW | |
|---|---|---|
| Filing date | Jul 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 3,269 | 2,285 |
| Weight of the ten largest | 9.2% | 14.5% |
| Largest position | HSBC 1.2% | SAMSUNG ELECTRONICS CO., LTD. 3.1% |
| Held alone | 1,801 positions, 10.3% | 817 positions, 20.0% |
| Covered by stock positions | 96% | 99% |
Holdings they share
| Stock | In DFAI | In SPDW | Counted |
|---|---|---|---|
| MUFGMitsubishi Corporation | 0.98% | 1.04% | 0.98% |
| HSBCHS Holdings Co.,Ltd. | 1.16% | 0.97% | 0.97% |
| ROCHE HOLDING AG | 1.08% | 0.90% | 0.90% |
| RYROYAL BANK OF CANADA | 0.99% | 0.86% | 0.86% |
| AZNASTRAZENECA PLC | 0.81% | 0.87% | 0.81% |
| NESTLE S.A. | 0.84% | 0.80% | 0.80% |
| NODKNIRECO CORPORATION | 0.83% | 0.77% | 0.77% |
| SUGPSURTECO GROUP SE | 0.83% | 0.70% | 0.70% |
| SHELSHELL PLC | 1.01% | 0.68% | 0.68% |
| TMTOYOTA MOTOR CORPORATION | 0.63% | 0.61% | 0.61% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in DFAI
Only in SPDW
Questions people ask
Is DFAI the same as SPDW?
70.3% of their weight sits in the same 1,468 holdings. DFAI also reports UNICREDIT, SOCIETA PER AZIONI, L'AIR LIQUIDE SOCIETE ANONYME POUR L'ETUDE ET L'EXPLOITATION DES PROCEDES GEORGES CLAUDE SA, COMPAGNIE FINANCIERE RICHEMONT SA, which the other does not. SPDW also reports SAMSUNG ELECTRONICS CO., LTD., SKHY, SOFTBANK GROUP CORP, which the other does not.
How is the overlap between DFAI and SPDW measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 96% of DFAI and 99% of SPDW, so the number cannot exceed the smaller coverage.
Which holds more, SPDW or DFAI?
DFAI reports 3,269 stock positions and SPDW reports 2,285. 10.3% of DFAI's weight sits in names SPDW does not hold, and 20.0% of SPDW's weight in names DFAI does not hold. The ten largest positions are 9.2% of DFAI and 14.5% of SPDW.
How do DFAI and SPDW differ by sector?
The widest gap is Technology: SPDW has 4.9 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.
Other pairs with these funds
SPDW against other funds in the table
Add a third fund in the tool·All fund pairs
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.