Which is cheaper, DFAL or DIA?

DFAL is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 54% of DFAL and 97% of DIA by weight is stocks the S&P 500 already holds.

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DFAL vs DIA: Differences, Returns & Fees

DFAL and DIA hold 20% of their weight in the same names. Net assets: $1.5bn on Jul 31, 2026 for Dimensional US Large Cap Core Equity Market ETF, and $44.4bn on Oct 8, 2026 for SPDR Dow Jones Industrial Average ETF Trust.

DFAL costs 0.04 points a year less; DIA is far larger, $45.2bn against $1.5bn.

	DFAL	DIA
Expense ratio	0.12%	0.16%
Net assets, as of Jul 31, 2026	$1.5bn	$45.2bn
Total return, 1 year	not published	+13.0%
What it tracks	not published	Dow Jones Industrial Average
Holdings in common	20%
Top ten holdings, share of the fund	56.6%	55.0%
Below its high		4.6%, high on Aug 5, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 8, 2026.

+6.3%

DFAL total return, since launch, Jun 23, 2026

+13.0%

DIA total return, 1 year

0.12%

DFAL expense ratio

0.16%

DIA expense ratio

What they hold in common

By the books each fund has filed, DFAL and DIA hold 20% 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 and Oct 8, 2026.

50%

half

20% in common

Positions both hold, largest shared weight first

Holding DFAL DIA

APPLE INC. 3.83% 3.95%

MICROSOFT CORPORATION 2.82% 6.06%

NVIDIA CORPORATION 3.93% 2.67%

AMAZON.COM, INC. 2.38% 2.95%

ALPHABET INC. 2.09% 4.04%

JPMORGAN CHASE & CO. 0.87% 3.84%

VISA INC. 0.52% 4.35%

JOHNSON & JOHNSON 0.51% 2.97%

WALMART INC. 0.41% 1.28%

CISCO SYSTEMS, INC. 0.34% 1.33%

CATERPILLAR INC. 0.31% 9.23%

THE PROCTER & GAMBLE COMPANY 0.31% 1.75%

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%

BROADCOM INC. 1.57%

ALPHABET INC. 1.27%

META PLATFORMS, INC. 1.07%

Only in DIA

Check overlap with more funds →

On the same fields

DFAL

Dimensional US Large Cap Core Equity Market ETF

DIA

SPDR Dow Jones Industrial Average ETF Trust

Where it sits Stock ETF Stock ETF

Issuer Dimensional State Street

What it is Equity fund Tracks the Dow Jones Industrial Average

Total return, 1 year +6.3% (since launch, Jun 23, 2026) +13.0%

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) −4.3 pts

Expense ratio 0.12% 0.16%

Already in the S&P 500 53.9% 97.3%

Holdings 545 30

Net assets, DFAL as of Jul 31, 2026 and DIA as of Oct 8, 2026 $1.5bn $44.4bn

DFAL and DIA 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%.

DIA in plain words

DIA tracks the Dow Jones Industrial Average. Over the year to Oct 9, 2026 it returned +13.0% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.16% a year. By its holdings published by its issuer for Oct 8, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 30 positions, with the top ten at 55.0%. It sat 4.6% below its high of Aug 5, 2026 on Oct 9, 2026.

Questions people ask

Which is cheaper, DFAL or DIA?: DFAL is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFAL and DIA overlap with the S&P 500?: By their latest filed holdings, 54% of DFAL and 97% of DIA by weight is stocks the S&P 500 already holds.

Other comparisons

DFAL vs SCHB DFAL vs DYNF DFAL vs QUAL DFAL vs IWB DIA vs SEIM DIA vs PDP DIA vs USXF DIA vs QQQE

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

Where these figures came from

DFAL filings on SEC EDGAR ↗DFAL prospectus with the expense ratio (SEC) ↗Dimensional website ↗DIA filings on SEC EDGAR ↗State Street website ↗

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 DIA, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfal-vs-dia

Open data

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