DFEM vs VWO: holdings overlap, shared companies and scores
As of September 11, 2026, DFEM and VWO overlap 55.0% by weight. Dimensional - Emerging Markets Core Equity 2 ETF (DFEM): Emerging market equities. Vanguard FTSE Emerging Markets ETF (VWO): Emerging market stocks.
Updated September 11, 2026
How much do DFEM and VWO overlap?
As of September 11, 2026, DFEM and VWO overlap 55.0% by weight.
70% of DFEM is already inside VWO.
90% of VWO is already inside DFEM.
DFEM holds 6,586 companies and VWO holds 5,045; 3,418 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score DFEM and VWO?
As of September 11, 2026, ETF Copilot scores DFEM 7.4 out of 10 and VWO 5.2 out of 10.
They differ most on Risk: DFEM 8.6 and VWO 3.0.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | DFEM | VWO |
|---|---|---|
| Growth | 9.1 | 8.5 |
| Valuation | 3.4 | 3.6 |
| Risk | 8.6 | 3.0 |
| Quality | 7.4 | 7.5 |
| Return | 7.7 | 2.8 |
VWO is the cheaper of the two at 0.06% a year
As of September 11, 2026, DFEM charges 0.39% a year, yields 2.51% and holds $9.8B in assets across 6586 positions.
As of September 11, 2026, VWO charges 0.06% a year, yields 2.62% and holds $162.3B in assets across 5045 positions.
| Measure | DFEM | VWO |
|---|---|---|
| Expense ratio | 0.39% | 0.06% |
| Dividend yield | 2.51% | 2.62% |
| Assets under management | $9.8B | $162.3B |
| Holdings | 6586 | 5045 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where DFEM and VWO trade against their own history
DFEM trades at 14.1 times earnings, against its own median of 12.6, and is more expensive than 78% of its own 50 monthly readings since 2022.
VWO trades at 14.9 times earnings, against its own median of 13.2, and is more expensive than 82% of its own 114 monthly readings since 2017.
What moved VWO this week
VWO fell 1.0% in the week to September 11, 2026. The holdings that moved it most were Alibaba (−3.1%), Delta Elec (−7.0%) and Reliance Industries (−4.5%); Taiwan Semiconductor (+1.9%) pushed the other way.
What do DFEM and VWO each hold?
What's inside DFEM: Tech 26%, Memory 11%.
25% of DFEM is its ten largest holdings.
What's inside VWO: Tech 14%, Semiconductors 5%.
29% of VWO is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “DFEM vs VWO holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/dfem-vs-vwo
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