Which is cheaper, DFAL or SPMO?

DFAL is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

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DFAL vs SPMO: Differences, Returns & Fees

DFAL and SPMO hold 18% 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 $23.3bn on Oct 9, 2026 for Invesco S&P 500 Momentum ETF.

DFAL costs 0.01 points a year less.

	DFAL	SPMO
Expense ratio	0.12%	0.13%
Net assets, DFAL as of Jul 31, 2026 and SPMO as of Oct 9, 2026	$1.5bn	$23.3bn
Total return, 1 year	not published	+25.1%
What it tracks	not published	S&P 500 Momentum Index
Holdings in common	18%
Holdings dated	Jul 31, 2026	Oct 10, 2026
Top ten holdings, share of the fund	56.6%	50.9%
Below its high		6.3%, high on Jun 22, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+6.3%

DFAL total return, since launch, Jun 23, 2026

+25.1%

SPMO total return, 1 year

0.12%

DFAL expense ratio

0.13%

SPMO expense ratio

What they hold in common

By the books each fund has filed, DFAL and SPMO hold 18% 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 9, 2026.

50%

half

18% in common

Positions both hold, largest shared weight first

Holding DFAL SPMO

APPLE INC. 3.83% 9.11%

ALPHABET INC. 2.09% 4.93%

ALPHABET INC. 1.27% 3.96%

ADVANCED MICRO DEVICES, INC. 0.58% 5.61%

EXXONMOBIL HOLDINGS CORPORATION 0.51% 3.16%

JOHNSON & JOHNSON 0.51% 4.46%

MICRON TECHNOLOGY, INC. 0.51% 9.20%

CISCO SYSTEMS, INC. 0.34% 2.54%

APPLIED MATERIALS, INC. 0.32% 2.75%

GENERAL MOTORS COMPANY 0.32% 0.36%

CATERPILLAR INC. 0.31% 1.99%

INTEL CORPORATION 0.29% 4.85%

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%

NVIDIA CORPORATION 3.93%

MICROSOFT CORPORATION 2.82%

AMAZON.COM, INC. 2.38%

Only in SPMO

Welltower Inc 0.81%

Simon Property Group Inc 0.37%

Ventas Inc 0.21%

Host Hotels & Resorts Inc 0.10%

APA Corp 0.09%

Nordson Corp 0.08%

Assurant Inc 0.07%

EchoStar Corp 0.06%

Check overlap with more funds →

On the same fields

DFAL

Dimensional US Large Cap Core Equity Market ETF

SPMO

Invesco S&P 500 Momentum ETF

Where it sits Stock ETF Stock ETF

Issuer Dimensional Invesco

What it is Equity fund Tracks the S&P 500 Momentum

Total return, 1 year +6.3% (since launch, Jun 23, 2026) +25.1%

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) +7.9 pts

Expense ratio 0.12% 0.13%

Already in the S&P 500 53.9% 100.0%

Holdings 545 101

Net assets, DFAL as of Jul 31, 2026 and SPMO as of Oct 9, 2026 $1.5bn $23.3bn

DFAL and SPMO 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%.

SPMO in plain words

SPMO tracks the S&P 500 Momentum. Over the year to Oct 9, 2026 it returned +25.1% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer for Oct 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 50.9%. It sat 6.3% below its high of Jun 22, 2026 on Oct 9, 2026.

Questions people ask

Which is cheaper, DFAL or SPMO?: DFAL is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFAL and SPMO overlap with the S&P 500?: By their latest filed holdings, 54% of DFAL and 100% of SPMO by weight is stocks the S&P 500 already holds.

Other comparisons

DFAL vs RDVY DFAL vs SPHQ DFAL vs SCHX DFAL vs SPYM SEIM vs SPMO PDP vs SPMO SPMO vs USXF QQQE vs SPMO

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

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

Open data

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