DFAR vs VNQ overlap - what they share and where they differ

DFAR and VNQ share 75.6% of their weight across 111 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.

DFAR and VNQ

75.6%

111 shared positions

DFAR

Dimensional US Real Estate ETF

Reported positions cover 100% of the fund, 124 positions · Apr 30, 2026

Top 10: 47.8%·Holdings of DFAR

VNQ

VANGUARD REAL ESTATE INDEX FUND

Reported positions cover 100% of the fund, 144 positions · Apr 30, 2026

Top 10: 54.7%·Holdings of VNQ

Reported positions cover DFAR 100%, VNQ 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

VNQ vs DFAR side by side

DFARDimensional US Real Estate ETF

124

stock positions reported to the SEC

1.6% of its weight is in 13 names VNQ does not hold

VNQVANGUARD REAL ESTATE INDEX FUND

144

stock positions reported to the SEC

23.1% of its weight is in 33 names DFAR does not hold

Where each fund's weight sits

DFAR
VNQ
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Real Estate
94.9%
79.0%
Utilities
2.0%
1.4%
Technology
0.0%
1.3%
Consumer Cyclical
0.4%
0.3%
Industrials
0.0%
0.0%

The widest gap is Real Estate: DFAR has 15.9 points more of it.

The figures side by side

DFARVNQ
Filing dateApr 30, 2026Apr 30, 2026
Stock positions reported124144
Weight of the ten largest47.8%54.7%
Largest positionWELL 7.5%VANGUARD REAL ESTATE II INDEX FUND 14.6%
Held alone13 positions, 1.6%33 positions, 23.1%
Covered by stock positions100%100%

Holdings they share

StockIn DFARIn VNQCounted
WELLWELLTOWER INC.7.50%7.84%7.50%
PLDPROLOGIS, INC.6.84%7.00%6.84%
EQIXEQUINIX, INC.5.41%5.64%5.41%
AMTAMERICAN TOWER CORPORATION4.38%4.54%4.38%
DLRDIGITAL REALTY TRUST, INC.4.64%3.66%3.66%
SPGSIMON PROPERTY GROUP, INC.4.59%3.53%3.53%
OREALTY INCOME CORPORATION4.47%3.11%3.11%
PSAPUBLIC STORAGE.3.73%2.54%2.54%
VTRVENTAS, INC.3.25%2.19%2.19%
CCICROWN CASTLE INC.3.02%2.05%2.05%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in DFAR

WPCW.P. CAREY INC.1.28%
SILA REALTY TRUST, INC.0.13%
GLADSTONE COMMERCIAL CORPORATION0.05%
PSTLPostal Realty Trust Inc0.04%
ILPTINDUSTRIAL LOGISTICS PROPERTIES TRUST0.03%
PINEALPINE INCOME PROPERTY TRUST, INC.0.02%
VERIS RESIDENTIAL, INC.0.02%
BHRBRAEMAR HOTELS & RESORTS INC.0.01%
BRTBRT APARTMENTS CORP.0.01%
FVRFRONTVIEW REIT, INC.0.01%

Only in VNQ

VANGUARD REAL ESTATE II INDEX FUND14.63%
CBRECBRE Group Inc2.25%
WYWeyerhaeuser Co0.94%
WP CAREY INC0.85%
JLLJones Lang LaSalle Inc0.80%
CSGPCoStar Group Inc0.77%
ZGZillow Group Inc0.50%
RAYONIER INC0.32%
COMPCompass Inc0.26%
OPENOpendoor Technologies Inc0.26%

Questions people ask

Is DFAR the same as VNQ?

75.6% of their weight sits in the same 111 holdings. DFAR also reports WPC, SILA REALTY TRUST, INC., GLADSTONE COMMERCIAL CORPORATION, which the other does not. VNQ also reports VANGUARD REAL ESTATE II INDEX FUND, CBRE, WY, which the other does not.

How is the overlap between DFAR and VNQ measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of DFAR and 100% of VNQ, so the number cannot exceed the smaller coverage.

Which holds more, VNQ or DFAR?

DFAR reports 124 stock positions and VNQ reports 144. 1.6% of DFAR's weight sits in names VNQ does not hold, and 23.1% of VNQ's weight in names DFAR does not hold. The ten largest positions are 47.8% of DFAR and 54.7% of VNQ.

How do DFAR and VNQ differ by sector?

The widest gap is Real Estate: DFAR has 15.9 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

DFAR 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.