Identical twins (also called monozygotic twins) result from the fertilization of a single egg by a single sperm, with the fertilized egg then splitting into two. Identical twins share the same genomes and are always of the same sex. In contrast, fraternal (dizygotic) twins result from the fertilization of two separate eggs with two different sperm during the same pregnancy. They share half of their genomes, just like any other siblings. Fraternal twins may not be of the same sex or have similar appearances.

Source: National Human Genome Research Institute