Which is cheaper, DFAL or DFUS?

DFUS is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do DFAL and DFUS overlap with the S&P 500?

By their latest filed holdings, 54% of DFAL and 89% of DFUS by weight is stocks the S&P 500 already holds.

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DFAL vs DFUS: Differences, Returns & Fees

DFAL and DFUS hold 55% of their weight in the same names. Net assets on Jul 31, 2026: $1.5bn for Dimensional US Large Cap Core Equity Market ETF and $20.9bn for Dimensional U.S. Equity Market ETF.

DFUS costs 0.03 points a year less; DFUS is 13.5 times larger.

	DFAL	DFUS
Expense ratio	0.12%	0.09%
Net assets, as of Jul 31, 2026	$1.5bn	$20.9bn
Total return, 1 year	not published	+17.3%
What it tracks	not published	No index, actively managed
Holdings in common	55%
Top ten holdings, share of the fund	56.6%	34.6%

Holdings in common uses holdings dated Jul 31, 2026.

+6.3%

DFAL total return, since launch, Jun 23, 2026

+17.3%

DFUS total return, 1 year

0.12%

DFAL expense ratio

0.09%

DFUS expense ratio

What they hold in common

By the books each fund has filed, DFAL and DFUS hold 55% 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 Jul 31, 2026.

50%

half

55% in common

Positions both hold, largest shared weight first

Holding DFAL DFUS

NVIDIA CORPORATION 3.93% 6.75%

APPLE INC. 3.83% 6.45%

MICROSOFT CORPORATION 2.82% 4.99%

AMAZON.COM, INC. 2.38% 3.83%

ALPHABET INC. 2.09% 3.00%

BROADCOM INC. 1.57% 2.63%

ALPHABET INC. 1.27% 2.48%

META PLATFORMS, INC. 1.07% 1.77%

JPMORGAN CHASE & CO. 0.87% 1.37%

ELI LILLY AND COMPANY 0.85% 1.33%

BERKSHIRE HATHAWAY INC. 0.76% 1.38%

TESLA, INC. 0.70% 1.27%

Only in DFAL

iShares Russell Top 200 Growth Index ETF 13.12%

Ishares Russell Top 200 Value Index Fund 8.84%

DFA Dimensional US Marketwide Value ETF 7.98%

Dimensional U S Core Equity 2 ETF 6.89%

iShares Russell Mid-Cap Value ETF 4.68%

iShares Russell Mid-Cap Growth ETF 0.11%

EQUINIX, INC. 0.05%

AMERICAN TOWER CORPORATION 0.04%

Only in DFUS

WARNER BROS. DISCOVERY, INC. 0.08%

ROKU, INC. 0.03%

OVINTIV INC. 0.03%

BALL CORPORATION 0.03%

ITT INC. 0.03%

NVR, Inc. 0.03%

ROYAL GOLD, INC. 0.03%

CARLISLE COMPANIES INCORPORATED 0.02%

Check overlap with more funds →

On the same fields

DFAL

Dimensional US Large Cap Core Equity Market ETF

DFUS

Dimensional U.S. Equity Market ETF

Where it sits Stock ETF Stock ETF

Issuer Dimensional Dimensional

What it is Equity fund Actively managed

Total return, 1 year +6.3% (since launch, Jun 23, 2026) +17.3%

S&P 500 over the same days +6.4% (since launch, Jun 23, 2026) +17.3%

Gap to the S&P 500 −0.1 pts (since launch, Jun 23, 2026) 0.0 pts

Expense ratio 0.12% 0.09%

Already in the S&P 500 53.9% 89.4%

Holdings 545 2236

Net assets, as of Jul 31, 2026 $1.5bn $20.9bn

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

DFAL in plain words

The prospectus expense ratio is 0.12% a year. By its holdings filed for Jul 31, 2026, 54% of the fund by weight is stocks the S&P 500 also holds, across 545 positions, with the top ten at 56.6%.

DFUS in plain words

DFUS is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.09% a year. By its holdings filed for Jul 31, 2026, 89% of the fund by weight is stocks the S&P 500 also holds, across 2,236 positions, with the top ten at 34.6%.

Questions people ask

Which is cheaper, DFAL or DFUS?: DFUS is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFAL and DFUS overlap with the S&P 500?: By their latest filed holdings, 54% of DFAL and 89% of DFUS by weight is stocks the S&P 500 already holds.

Other comparisons

DFAL vs OEF DFAL vs IWV DFAL vs MTUM DFAL vs SPHQ DFUS vs SEIM DFUS vs PDP DFUS vs USXF DFUS vs QQQE

DFAL on its own →DFUS on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

DFAL and DFUS filings on SEC EDGAR ↗DFAL prospectus with the expense ratio (SEC) ↗Dimensional website ↗DFUS prospectus with the expense ratio (SEC) ↗

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, DFAL against DFUS, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfal-vs-dfus

Open data

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