Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
DFUS vs SPHD: how they differ
DFUS and SPHD hold 5% of their weight in the same names, and DFUS returned more over the year.
Dimensional U.S. Equity Market ETF and Invesco S&P 500 High Dividend Low Volatility ETF.
What they hold in common
By the books each fund has filed, DFUS and SPHD hold 5% of their money in the same securities at the same weight.
| Holding | DFUS | SPHD |
|---|---|---|
| EXXON MOBIL CORPORATION | 0.97% | 1.55% |
| CHEVRON CORPORATION | 0.55% | 2.10% |
| VERIZON COMMUNICATIONS INC. | 0.30% | 3.49% |
| AT&T INC. | 0.27% | 2.02% |
| PFIZER INC. | 0.23% | 2.99% |
| BRISTOL-MYERS SQUIBB COMPANY | 0.18% | 2.08% |
| Altria Group, Inc. | 0.18% | 3.45% |
| DUKE ENERGY CORPORATION | 0.15% | 1.59% |
| COMCAST CORPORATION | 0.14% | 1.60% |
| THE WILLIAMS COMPANIES, INC. | 0.14% | 1.61% |
| U.S. BANCORP | 0.13% | 1.62% |
| EOG RESOURCES, INC. | 0.11% | 1.99% |
| Only in DFUS | Only in SPHD |
|---|---|
| NVIDIA CORPORATION 6.97% | Healthpeak Properties, Inc. 3.24% |
| APPLE INC. 5.86% | VICI Properties Inc. 2.68% |
| MICROSOFT CORPORATION 4.52% | Kimco Realty Corp. 2.46% |
| AMAZON.COM, INC. 3.84% | Realty Income Corp. 2.43% |
| ALPHABET INC. 3.31% | Crown Castle Inc. 2.41% |
| BROADCOM INC. 2.90% | Extra Space Storage Inc. 2.12% |
| ALPHABET INC. 2.74% | Public Storage 2.08% |
| META PLATFORMS, INC. 2.01% | UDR, Inc. 1.96% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| DFUS Dimensional U.S. Equity Market ETF | SPHD Invesco S&P 500 High Dividend Low Volatility ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Dimensional | Invesco |
| What it is | U.S. Equity Market | S&P 500 High Dividend Low Volatility |
| Total return, 1 year | +17.5% | +8.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | 0.0 pts | −8.9 pts |
| Expense ratio | 0.09% | 0.30% |
| Already in the S&P 500 | 90.2% | 95.7% |
| Holdings | 2231 | 49 |
DFUS in plain words
DFUS is an index equity fund tracking the U.S. Equity Market. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Apr 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 2231 positions, with the top ten at 35.2%.
SPHD in plain words
SPHD is an index equity fund tracking the S&P 500 High Dividend Low Volatility. Over the year to Sep 11, 2026 it returned +8.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.30% a year. By its holdings filed for May 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 49 positions, with the top ten at 29.3%. It sat 4.1% below its high of Aug 24, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, DFUS or SPHD?
- In the year to Sep 12, 2026, with distributions reinvested, DFUS returned +17.5% and SPHD returned +8.6%, so DFUS returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, DFUS or SPHD?
- DFUS charges 0.09% a year and SPHD charges 0.30%, so DFUS is cheaper. Fees come from each fund's prospectus.
- How much do DFUS and SPHD overlap with the S&P 500?
- By their latest filed holdings, 90% of DFUS and 96% of SPHD by weight is stocks the S&P 500 already holds. Between the two funds, 5% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DFUS against SPHD, data as of Sep 12, 2026. https://etfiq.com/compare/any/DFUS-SPHD Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources