DFEM vs IEMG overlap - what they share and where they differ
DFEM and IEMG share 67.7% of their weight across 2,173 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.
DFEM and IEMG
67.7%
2,173 shared positions
DFEM
Dimensional Emerging Markets Core Equity 2 ETF
Reported positions cover 94% of the fund, 6,249 positions · Jul 31, 2026
Top 10: 24.4%·Holdings of DFEM
IEMG
iShares Core MSCI Emerging Markets ETF
Reported positions cover 97% of the fund, 2,599 positions · Aug 31, 2026
Top 10: 33.3%·Holdings of IEMG
Reported positions cover DFEM 94%, IEMG 97% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
IEMG vs DFEM side by side
DFEMDimensional Emerging Markets Core Equity 2 ETF
6,249
stock positions reported to the SEC
10.5% of its weight is in 4,076 names IEMG does not hold
IEMGiShares Core MSCI Emerging Markets ETF
2,599
stock positions reported to the SEC
5.2% of its weight is in 426 names DFEM does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: IEMG has 4.6 points more of it.
The figures side by side
| DFEM | IEMG | |
|---|---|---|
| Filing date | Jul 31, 2026 | Aug 31, 2026 |
| Stock positions reported | 6,249 | 2,599 |
| Weight of the ten largest | 24.4% | 33.3% |
| Largest position | TSM 10.3% | TSM 13.2% |
| Held alone | 4,076 positions, 10.5% | 426 positions, 5.2% |
| Covered by stock positions | 94% | 97% |
Holdings they share
| Stock | In DFEM | In IEMG | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Company Limited | 10.27% | 13.17% | 10.27% |
| SAMSUNG ELECTRONICS CO., LTD. | 4.40% | 7.05% | 4.40% |
| SKHYSK hynix Inc. | 4.25% | 4.76% | 4.25% |
| TENCENT HOLDINGS LIMITED | 1.95% | 2.52% | 1.95% |
| BABAAlibaba Group Holding Limited | 0.82% | 1.70% | 0.82% |
| CHINA CONSTRUCTION BANK CORPORATION | 0.75% | 0.74% | 0.74% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.46% | 0.68% | 0.46% |
| PBRPetroleo Brasileiro S.A. (Petrobras) | 0.43% | 0.53% | 0.43% |
| SUGPSuzhou HYC Technology Co., Ltd. | 0.57% | 0.42% | 0.42% |
| MEDIATEK INC. | 0.41% | 1.27% | 0.41% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in DFEM
Only in IEMG
Questions people ask
Is DFEM the same as IEMG?
67.7% of their weight sits in the same 2,173 holdings. DFEM also reports RBL BANK LTD, PTT PUBLIC COMPANY LIMITED, DELTA ELECTRONICS (THAILAND) PUBLIC COMPANY LIMITED, which the other does not. IEMG also reports SK SQUARE CO., LTD., BAJAJ FINANCE LIMITED, BIDU, which the other does not.
How is the overlap between DFEM and IEMG 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 DFEM and 97% of IEMG, so the number cannot exceed the smaller coverage.
Which holds more, IEMG or DFEM?
DFEM reports 6,249 stock positions and IEMG reports 2,599. 10.5% of DFEM's weight sits in names IEMG does not hold, and 5.2% of IEMG's weight in names DFEM does not hold. The ten largest positions are 24.4% of DFEM and 33.3% of IEMG.
How do DFEM and IEMG differ by sector?
The widest gap is Technology: IEMG has 4.6 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.