DFEM vs SCHE overlap - what they share and where they differ
DFEM and SCHE share 49.3% of their weight across 1,389 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 SCHE
49.3%
1,389 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
SCHE
Schwab Emerging Markets Equity ETF
Reported positions cover 98% of the fund, 2,004 positions · May 31, 2026
Top 10: 30.4%·Holdings of SCHE
Reported positions cover DFEM 94%, SCHE 98% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SCHE vs DFEM side by side
DFEMDimensional Emerging Markets Core Equity 2 ETF
6,249
stock positions reported to the SEC
40.4% of its weight is in 4,860 names SCHE does not hold
SCHESchwab Emerging Markets Equity ETF
2,004
stock positions reported to the SEC
14.5% of its weight is in 615 names DFEM does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: SCHE has 6.3 points more of it.
The figures side by side
| DFEM | SCHE | |
|---|---|---|
| Filing date | Jul 31, 2026 | May 31, 2026 |
| Stock positions reported | 6,249 | 2,004 |
| Weight of the ten largest | 24.4% | 30.4% |
| Largest position | TSM 10.3% | TSM 17.1% |
| Held alone | 4,860 positions, 40.4% | 615 positions, 14.5% |
| Covered by stock positions | 94% | 98% |
Holdings they share
| Stock | In DFEM | In SCHE | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Company Limited | 10.27% | 17.06% | 10.27% |
| TENCENT HOLDINGS LIMITED | 1.95% | 3.15% | 1.95% |
| BABAAlibaba Group Holding Limited | 0.82% | 2.57% | 0.82% |
| CHINA CONSTRUCTION BANK CORPORATION | 0.75% | 0.90% | 0.75% |
| SUGPSuzhou HYC Technology Co., Ltd. | 0.57% | 0.58% | 0.57% |
| PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD. | 0.48% | 0.52% | 0.48% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.46% | 1.04% | 0.46% |
| MEDIATEK INC. | 0.41% | 1.88% | 0.41% |
| UNIMICRON TECHNOLOGY CORP. | 0.39% | 0.42% | 0.39% |
| BHARTI AIRTEL LIMITED | 0.37% | 0.54% | 0.37% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in DFEM
Only in SCHE
Questions people ask
Is DFEM the same as SCHE?
49.3% of their weight sits in the same 1,389 holdings. DFEM also reports SAMSUNG ELECTRONICS CO., LTD., SKHY, SAMSUNG ELECTRO-MECHANICS CO.,LTD, which the other does not. SCHE also reports PDD, AL RAJHI BANK, BIDU, which the other does not.
How is the overlap between DFEM and SCHE 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 98% of SCHE, so the number cannot exceed the smaller coverage.
Which holds more, SCHE or DFEM?
DFEM reports 6,249 stock positions and SCHE reports 2,004. 40.4% of DFEM's weight sits in names SCHE does not hold, and 14.5% of SCHE's weight in names DFEM does not hold. The ten largest positions are 24.4% of DFEM and 30.4% of SCHE.
How do DFEM and SCHE differ by sector?
The widest gap is Technology: SCHE has 6.3 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.