DFEM vs INDA overlap - what they share and where they differ

DFEM and INDA share 6.9% of their weight across 142 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 INDA

6.9%

142 shared positions

DFEM

Dimensional Emerging Markets Core Equity 2 ETF

Reported positions cover 89% of the fund, 2,205 positions · Apr 30, 2026

Top 10: 21.9%·Holdings of DFEM

INDA

iShares MSCI India ETF

Reported positions cover 100% of the fund, 168 positions · May 31, 2026

Top 10: 33.7%·Holdings of INDA

Reported positions cover DFEM 89%, INDA 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

INDA vs DFEM side by side

DFEMDimensional Emerging Markets Core Equity 2 ETF

2,205

stock positions reported to the SEC

81.6% of its weight is in 2,063 names INDA does not hold

INDAiShares MSCI India ETF

168

stock positions reported to the SEC

8.6% of its weight is in 26 names DFEM does not hold

Where each fund's weight sits

DFEM
INDA
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Technology
15.2%
4.9%
Financial Services
1.4%
11.5%
Consumer Cyclical
0.9%
6.2%
Industrials
0.7%
0.0%
Energy
0.7%
0.0%
Healthcare
0.0%
0.5%

The widest gap is Technology: DFEM has 10.3 points more of it.

The figures side by side

DFEMINDA
Filing dateApr 30, 2026May 31, 2026
Stock positions reported2,205168
Weight of the ten largest21.9%33.7%
Largest positionTSM 9.2%RS 6.2%
Held alone2,063 positions, 81.6%26 positions, 8.6%
Covered by stock positions89%100%

Holdings they share

StockIn DFEMIn INDACounted
BHARTI AIRTEL LIMITED0.35%3.63%0.35%
MAHINDRA AND MAHINDRA LIMITED0.25%2.20%0.25%
RSReliance Industrial Infrastructure Ltd0.24%6.23%0.24%
AXIS BANK LIMITED0.21%2.23%0.21%
INFYINFOSYS LIMITED0.18%2.92%0.18%
INTRInteractive Digital Technologies Inc.0.18%0.63%0.18%
TATA STEEL LIMITED0.18%1.18%0.18%
HINDALCO INDUSTRIES LIMITED0.14%1.15%0.14%
TATA CONSULTANCY SERVICES LIMITED0.13%1.54%0.13%
LARSEN AND TOUBRO LIMITED0.12%2.13%0.12%

What each holds alone

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

Only in DFEM

TSMTaiwan Semiconductor Company Limited9.24%
SAMSUNG ELECTRONICS CO., LTD.3.72%
SKHYSK hynix Inc.3.20%
TENCENT HOLDINGS LIMITED1.95%
BABAAlibaba Group Holding Limited0.95%
CHINA CONSTRUCTION BANK CORPORATION0.75%
PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD.0.54%
PBRPetroleo Brasileiro S.A. (Petrobras)0.52%
DELTA ELECTRONICS, INC.0.51%
UNIMICRON TECHNOLOGY CORP.0.47%

Only in INDA

BAJAJ FINANCE LIMITED1.92%
SHRIRAM FINANCE LIMITED1.01%
JIO FINANCIAL SERVICES LIMITED0.52%
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED0.49%
POWER FINANCE CORPORATION LIMITED0.48%
ADANI ENTERPRISES LIMITED0.36%
MUTHOOT FINANCE LIMITED0.31%
REC LIMITED0.31%
SIEMENS ENERGY INDIA LTD0.27%
SWIGGY LIMITED0.27%

Questions people ask

Is DFEM the same as INDA?

6.9% of their weight sits in the same 142 holdings. DFEM also reports TSM, SAMSUNG ELECTRONICS CO., LTD., SKHY, which the other does not. INDA also reports BAJAJ FINANCE LIMITED, SHRIRAM FINANCE LIMITED, JIO FINANCIAL SERVICES LIMITED, which the other does not.

How is the overlap between DFEM and INDA measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 89% of DFEM and 100% of INDA, so the number cannot exceed the smaller coverage.

Which holds more, INDA or DFEM?

DFEM reports 2,205 stock positions and INDA reports 168. 81.6% of DFEM's weight sits in names INDA does not hold, and 8.6% of INDA's weight in names DFEM does not hold. The ten largest positions are 21.9% of DFEM and 33.7% of INDA.

How do DFEM and INDA differ by sector?

The widest gap is Technology: DFEM has 10.3 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.