Which is cheaper, DFAL or IVV?

IVV is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 54% of DFAL and 100% of IVV by weight is stocks the S&P 500 already holds.

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DFAL vs IVV: Differences, Returns & Fees

DFAL and IVV hold 49% 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 $896.4bn on Oct 9, 2026 for iShares Core S&P 500 ETF.

IVV costs 0.09 points a year less; IVV is far larger, $869.2bn against $1.5bn.

	DFAL	IVV
Expense ratio	0.12%	0.03%
Net assets, as of Jul 31, 2026	$1.5bn	$869.2bn
Total return, 1 year	not published	+17.3%
What it tracks	not published	S&P 500
Holdings in common	49%
Top ten holdings, share of the fund	56.6%	39.0%

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

+6.3%

DFAL total return, since launch, Jun 23, 2026

+17.3%

IVV total return, 1 year

0.12%

DFAL expense ratio

0.03%

IVV expense ratio

What they hold in common

By the books each fund has filed, DFAL and IVV hold 49% 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

49% in common

Positions both hold, largest shared weight first

Holding DFAL IVV

NVIDIA CORPORATION 3.93% 8.32%

APPLE INC. 3.83% 7.41%

MICROSOFT CORPORATION 2.82% 5.79%

AMAZON.COM, INC. 2.38% 3.72%

ALPHABET INC. 2.09% 3.05%

BROADCOM INC. 1.57% 2.56%

ALPHABET INC. 1.27% 2.45%

META PLATFORMS, INC. 1.07% 2.37%

JPMORGAN CHASE & CO. 0.87% 1.31%

BERKSHIRE HATHAWAY INC. 0.76% 1.42%

TESLA, INC. 0.70% 1.58%

ADVANCED MICRO DEVICES, INC. 0.58% 1.51%

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%

ELI LILLY AND COMPANY 0.85%

APPLIED MATERIALS, INC. 0.32%

GENERAL ELECTRIC COMPANY 0.31%

Only in IVV

ELI LILLY 1.40%

APPLIED MATERIAL INC 0.60%

GE AEROSPACE 0.47%

TEXAS INSTRUMENT INC 0.39%

LINDE PLC 0.33%

SEAGATE TECHNOLOGY HOLDINGS PLC 0.26%

EATON PLC 0.25%

MCDONALDS CORP 0.25%

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On the same fields

DFAL

Dimensional US Large Cap Core Equity Market ETF

IVV

iShares Core S&P 500 ETF

Where it sits Stock ETF Stock ETF

Issuer Dimensional iShares

What it is Equity fund Tracks the S&P 500

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) +0.1 pts

Expense ratio 0.12% 0.03%

Already in the S&P 500 53.9% 99.8%

Holdings 545 505

Net assets, DFAL as of Jul 31, 2026 and IVV as of Oct 9, 2026 $1.5bn $896.4bn

DFAL and IVV 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%.

IVV in plain words

IVV tracks the S&P 500. 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 0.03% a year. By its holdings published by its issuer for Oct 8, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 39.0%.

Questions people ask

Which is cheaper, DFAL or IVV?: IVV is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFAL and IVV overlap with the S&P 500?: By their latest filed holdings, 54% of DFAL and 100% of IVV by weight is stocks the S&P 500 already holds.

Other comparisons

DFAL vs SPY DFAL vs VOO DFAL vs VTI DFAL vs SPYM IVV vs SEIM IVV vs PDP IVV vs USXF IVV vs QQQE

DFAL on its own →IVV 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 ↗IVV filings on SEC EDGAR ↗IVV prospectus with the expense ratio (SEC) ↗iShares page for IVV ↗

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

Open data

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