Which is cheaper, DFAL or VOO?

VOO 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 VOO overlap with the S&P 500?

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

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DFAL vs VOO: Differences, Returns & Fees

DFAL and VOO hold 54% 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 $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.

VOO costs 0.09 points a year less.

	DFAL	VOO
Expense ratio	0.12%	0.03%
Net assets, DFAL as of Jul 31, 2026 and VOO as of Sep 30, 2026	$1.5bn	$1.0tn
Total return, 1 year	not published	+17.3%
What it tracks	not published	S&P 500 Index
Holdings in common	54%
Top ten holdings, share of the fund	56.6%	37.8%

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

+6.3%

DFAL total return, since launch, Jun 23, 2026

+17.3%

VOO total return, 1 year

0.12%

DFAL expense ratio

0.03%

VOO expense ratio

What they hold in common

By the books each fund has filed, DFAL and VOO hold 54% 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 Aug 31, 2026.

50%

half

54% in common

Positions both hold, largest shared weight first

Holding DFAL VOO

NVIDIA CORPORATION 3.93% 8.09%

APPLE INC. 3.83% 7.04%

MICROSOFT CORPORATION 2.82% 5.70%

AMAZON.COM, INC. 2.38% 3.85%

ALPHABET INC. 2.09% 3.01%

BROADCOM INC. 1.57% 2.65%

ALPHABET INC. 1.27% 2.40%

META PLATFORMS, INC. 1.07% 1.90%

JPMORGAN CHASE & CO. 0.87% 1.44%

ELI LILLY AND COMPANY 0.85% 1.38%

BERKSHIRE HATHAWAY INC. 0.76% 1.40%

TESLA, INC. 0.70% 1.57%

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%

ELEMENT SOLUTIONS INC 0.06%

CHENIERE ENERGY, INC. 0.05%

Only in VOO

Welltower Inc 0.25%

Warner Bros Discovery Inc 0.11%

Simon Property Group Inc 0.10%

Digital Realty Trust Inc 0.10%

Realty Income Corp 0.09%

Public Storage 0.08%

Vivmark Residential 0.07%

Ventas Inc 0.07%

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On the same fields

DFAL

Dimensional US Large Cap Core Equity Market ETF

VOO

Vanguard S&P 500 ETF

Where it sits Stock ETF Stock ETF

Issuer Dimensional Vanguard

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% 99.7%

Holdings 545 507

Net assets, DFAL as of Jul 31, 2026 and VOO as of Sep 30, 2026 $1.5bn $1.0tn

DFAL and VOO 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%.

VOO in plain words

VOO 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 as of Aug 31, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 37.8%.

Questions people ask

Which is cheaper, DFAL or VOO?: VOO 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 VOO overlap with the S&P 500?: By their latest filed holdings, 54% of DFAL and 100% of VOO by weight is stocks the S&P 500 already holds.

Other comparisons

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

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

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

Open data

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