Which is cheaper, DFAL or IWV?

DFAL is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 54% of DFAL and 88% of IWV by weight is stocks the S&P 500 already holds.

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DFAL vs IWV: Differences, Returns & Fees

DFAL and IWV hold 50% 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 $20.6bn on Oct 9, 2026 for iShares Russell 3000 ETF.

DFAL costs 0.08 points a year less; IWV is 12.7 times larger.

	DFAL	IWV
Expense ratio	0.12%	0.20%
Net assets, as of Jul 31, 2026	$1.5bn	$19.6bn
Total return, 1 year	not published	+16.7%
What it tracks	not published	Russell 3000 Index
Holdings in common	50%
Top ten holdings, share of the fund	56.6%	34.8%

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

+6.3%

DFAL total return, since launch, Jun 23, 2026

+16.7%

IWV total return, 1 year

0.12%

DFAL expense ratio

0.20%

IWV expense ratio

What they hold in common

By the books each fund has filed, DFAL and IWV hold 50% 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

50% in common

Positions both hold, largest shared weight first

Holding DFAL IWV

NVIDIA CORPORATION 3.93% 7.24%

APPLE INC. 3.83% 6.62%

MICROSOFT CORPORATION 2.82% 5.22%

AMAZON.COM, INC. 2.38% 3.32%

ALPHABET INC. 2.09% 2.73%

BROADCOM INC. 1.57% 2.25%

ALPHABET INC. 1.27% 2.21%

META PLATFORMS, INC. 1.07% 2.13%

JPMORGAN CHASE & CO. 0.87% 1.19%

BERKSHIRE HATHAWAY INC. 0.76% 1.28%

TESLA, INC. 0.70% 1.47%

ADVANCED MICRO DEVICES, INC. 0.58% 1.36%

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 IWV

ELI LILLY 1.26%

APPLIED MATERIAL INC 0.54%

GE AEROSPACE 0.42%

TEXAS INSTRUMENT INC 0.35%

LINDE PLC 0.30%

MCDONALDS CORP 0.23%

EATON PLC 0.22%

WELLTOWER 0.22%

Check overlap with more funds →

On the same fields

DFAL

Dimensional US Large Cap Core Equity Market ETF

IWV

iShares Russell 3000 ETF

Where it sits Stock ETF Stock ETF

Issuer Dimensional iShares

What it is Equity fund Tracks an index

Total return, 1 year +6.3% (since launch, Jun 23, 2026) +16.7%

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) −0.6 pts

Expense ratio 0.12% 0.20%

Already in the S&P 500 53.9% 87.8%

Holdings 545 2600

Net assets, DFAL as of Jul 31, 2026 and IWV as of Oct 9, 2026 $1.5bn $20.6bn

DFAL and IWV 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%.

IWV in plain words

IWV tracks an index. Over the year to Oct 9, 2026 it returned +16.7% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 8, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,600 positions, with the top ten at 34.8%.

Questions people ask

Which is cheaper, DFAL or IWV?: DFAL is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFAL and IWV overlap with the S&P 500?: By their latest filed holdings, 54% of DFAL and 88% of IWV by weight is stocks the S&P 500 already holds.

Other comparisons

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

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

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

Open data

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