Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
DFUS vs SPHQ: how they differ
DFUS and SPHQ hold 18% of their weight in the same names.
Dimensional U.S. Equity Market ETF and Invesco S&P 500 Quality ETF.
What they hold in common
By the books each fund has filed, DFUS and SPHQ hold 18% of their money in the same securities at the same weight.
| Holding | DFUS | SPHQ |
|---|---|---|
| APPLE INC. | 5.86% | 4.51% |
| VISA INC. | 0.83% | 4.69% |
| COSTCO WHOLESALE CORPORATION | 0.68% | 4.82% |
| MASTERCARD INCORPORATED | 0.63% | 4.32% |
| CATERPILLAR INC. | 0.63% | 3.78% |
| CISCO SYSTEMS, INC. | 0.54% | 3.54% |
| THE PROCTER & GAMBLE COMPANY | 0.51% | 3.46% |
| LAM RESEARCH CORPORATION | 0.49% | 4.10% |
| THE COCA-COLA COMPANY | 0.48% | 3.34% |
| APPLIED MATERIALS, INC. | 0.47% | 2.80% |
| GENERAL ELECTRIC COMPANY | 0.46% | 4.16% |
| GE VERNOVA INC. | 0.45% | 3.15% |
| Only in DFUS | Only in SPHQ |
|---|---|
| NVIDIA CORPORATION 6.97% | |
| MICROSOFT CORPORATION 4.52% | |
| AMAZON.COM, INC. 3.84% | |
| ALPHABET INC. 3.31% | |
| BROADCOM INC. 2.90% | |
| ALPHABET INC. 2.74% | |
| META PLATFORMS, INC. 2.01% | |
| TESLA, INC. 1.78% |
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.
| DFUS Dimensional U.S. Equity Market ETF | SPHQ Invesco S&P 500 Quality ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Dimensional | Invesco |
| What it is | U.S. Equity Market | S&P 500 Quality |
| Total return, 1 year | +17.5% | +17.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | 0.0 pts | −0.1 pts |
| Expense ratio | 0.09% | 0.15% |
| Already in the S&P 500 | 90.2% | 99.9% |
| Holdings | 2231 | 99 |
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%.
SPHQ in plain words
SPHQ is an index equity fund tracking the S&P 500 Quality. Over the year to Sep 11, 2026 it returned +17.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 40.7%. It sat 6.1% below its high of Jun 30, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, DFUS or SPHQ?
- In the year to Sep 12, 2026, with distributions reinvested, DFUS returned +17.5% and SPHQ returned +17.4%, so DFUS returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, DFUS or SPHQ?
- DFUS charges 0.09% a year and SPHQ charges 0.15%, so DFUS is cheaper. Fees come from each fund's prospectus.
- How much do DFUS and SPHQ overlap with the S&P 500?
- By their latest filed holdings, 90% of DFUS and 100% of SPHQ by weight is stocks the S&P 500 already holds. Between the two funds, 18% of their books are the same securities at the same weight.
Other comparisons
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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 SPHQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/DFUS-SPHQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources