Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
DFUS vs USMV: how they differ
DFUS and USMV hold 32% of their weight in the same names, and DFUS returned more over the year.
Dimensional U.S. Equity Market ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, DFUS and USMV hold 32% of their money in the same securities at the same weight.
| Holding | DFUS | USMV |
|---|---|---|
| NVIDIA CORPORATION | 6.97% | 1.64% |
| MICROSOFT CORPORATION | 4.52% | 1.56% |
| BERKSHIRE HATHAWAY INC. | 1.30% | 1.42% |
| EXXON MOBIL CORPORATION | 0.97% | 1.60% |
| WALMART INC. | 0.87% | 0.88% |
| JOHNSON & JOHNSON | 0.83% | 1.44% |
| VISA INC. | 0.83% | 0.94% |
| APPLE INC. | 5.86% | 0.82% |
| ELI LILLY AND COMPANY | 1.13% | 0.66% |
| MASTERCARD INCORPORATED | 0.63% | 1.15% |
| ABBVIE INC. | 0.56% | 0.63% |
| CISCO SYSTEMS, INC. | 0.54% | 1.81% |
| Only in DFUS | Only in USMV |
|---|---|
| ALPHABET INC. 3.31% | WASTE CONNECTIONS, INC. 1.28% |
| TESLA, INC. 1.78% | WELLTOWER INC. 0.80% |
| JPMORGAN CHASE & CO. 1.26% | REALTY INCOME CORPORATION 0.72% |
| INTEL CORPORATION 0.68% | SUN COMMUNITIES, INC. 0.54% |
| CATERPILLAR INC. 0.63% | MercadoLibre, Inc. 0.34% |
| BANK OF AMERICA CORPORATION 0.54% | VENTAS, INC. 0.17% |
| LAM RESEARCH CORPORATION 0.49% | |
| GENERAL ELECTRIC COMPANY 0.46% |
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 | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Dimensional | iShares |
| What it is | U.S. Equity Market | MSCI USA Min Vol Factor |
| Total return, 1 year | +17.5% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | 0.0 pts | −10.9 pts |
| Expense ratio | 0.09% | 0.15% |
| Already in the S&P 500 | 90.2% | 94.8% |
| Holdings | 2231 | 170 |
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%.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 15.7%.
Questions people ask
- Which returned more over the last year, DFUS or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, DFUS returned +17.5% and USMV returned +6.6%, so DFUS returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, DFUS or USMV?
- DFUS charges 0.09% a year and USMV charges 0.15%, so DFUS is cheaper. Fees come from each fund's prospectus.
- How much do DFUS and USMV overlap with the S&P 500?
- By their latest filed holdings, 90% of DFUS and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 32% 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 USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/DFUS-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources