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DFEM vs SCHE: Differences, Returns & Fees

DFEM and SCHE hold 54% of their weight in the same names, and DFEM returned +26.1% over the year. Net assets: $9.0bn on Jul 31, 2026 for Dimensional Emerging Markets Core Equity 2 ETF, and $12.7bn on May 31, 2026 for Schwab Emerging Markets Equity ETF.

SCHE costs 0.33 points a year less; their one-year returns differ by 13.5 points.

DFEMSCHE
Expense ratio0.39%0.06%
Net assets, DFEM as of Jul 31, 2026 and SCHE as of May 31, 2026$9.0bn$12.7bn
Total return, 1 year+26.1%+12.6%
What it tracksNo index, actively managedFTSE Emerging Index
Holdings in common54%
Top ten holdings, share of the fund24.3%30.3%
Below its high4.3%, high on Jun 22, 2026

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

+26.1%
DFEM total return, 1 year
+12.6%
SCHE total return, 1 year
0.39%
DFEM expense ratio
0.06%
SCHE expense ratio

What they hold in common

By the books each fund has filed, DFEM and SCHE hold 54% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jul 31, 2026.

half

54% in common

Positions both hold, largest shared weight first
Holding DFEM SCHE
Taiwan Semiconductor Manufacturing Company Limited 10.26% 17.05%
Tencent Holdings Limited 1.95% 3.15%
Alibaba Group Holding Limited 0.82% 2.57%
CHINA CONSTRUCTION BANK CORPORATION 0.75% 0.88%
Ping An Insurance (Group) Company of China, Ltd. 0.48% 0.46%
HON HAI PRECISION INDUSTRY CO., LTD. 0.46% 1.04%
MediaTek Inc. 0.41% 1.88%
UNIMICRON TECHNOLOGY CORP. 0.39% 0.42%
BHARTI AIRTEL LIMITED 0.37% 0.54%
DELTA ELECTRONICS, INC. 0.36% 1.40%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED 0.35% 0.63%
Petroleo Brasileiro S.A. (Petrobras) 0.36% 0.35%
Only in DFEM
Samsung Electronics Co., Ltd. 4.40%
SK hynix Inc. 4.25%
ICICI BANK LIMITED 0.45%
Samsung Electronics Co., Ltd. 0.42%
HDFC BANK LIMITED 0.41%
SAMSUNG ELECTRO-MECHANICS CO.,LTD 0.37%
Lenovo Group Limited 0.35%
VALE S.A. 0.33%
Only in SCHE
Baidu Inc 0.33%
Delta Electronics Thailand PCL 0.29%
Bajaj Finance Ltd 0.25%
Contemporary Amperex Technology Co Ltd 0.19%
Itausa SA 0.14%
Shriram Finance Ltd 0.13%
PTT PCL 0.12%
Sociedad Quimica y Minera de Chile SA 0.11%

Check overlap with more funds →

On the same fields

DFEM
Dimensional Emerging Markets Core Equity 2 ETF
SCHE
Schwab Emerging Markets Equity ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional Schwab
What it is Actively managed Tracks an index
Total return, 1 year +26.1% +12.6%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +8.9 pts −4.7 pts
Expense ratio 0.39% 0.06%
Already in the S&P 500 0.0% 0.0%
Holdings 6672 2178
Net assets, DFEM as of Jul 31, 2026 and SCHE as of May 31, 2026 $9.0bn $12.7bn

DFEM and SCHE on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

DFEM in plain words

DFEM is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +26.1% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.39% a year. By its holdings filed for Jul 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 6,672 positions, with the top ten at 24.3%. It sat 4.3% below its high of Jun 22, 2026 on Oct 9, 2026.

SCHE in plain words

SCHE tracks an index. Over the year to Oct 9, 2026 it returned +12.6% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.06% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,178 positions, with the top ten at 30.3%.

Questions people ask

Which returned more over the last year, DFEM or SCHE?
In the year to Oct 9, 2026, with distributions reinvested, DFEM returned +26.1% and SCHE +12.6%.
Which is cheaper, DFEM or SCHE?
SCHE is cheaper, by 0.33 percentage points a year. That is about $33 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFEM and SCHE overlap with the S&P 500?
By their latest filed holdings, 0% of DFEM and 0% of SCHE by weight is stocks the S&P 500 already holds.
Other comparisons
DFEM vs FNDEDFAE vs DFEMDFEM vs SPEMDFEM vs ESGESCHE vs SPEMEEM vs SCHESCHE vs XCEMDFEV vs SCHE
DFEM on its own →SCHE on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DFEM filings on SEC EDGAR ↗DFEM prospectus with the expense ratio (SEC) ↗Dimensional website ↗SCHE filings on SEC EDGAR ↗SCHE prospectus with the expense ratio (SEC) ↗Schwab website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, DFEM against SCHE, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfem-vs-sche

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.