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DFAU vs SPMO: Differences, Returns & Fees

DFAU and SPMO hold 28% of their weight in the same names, and SPMO returned +25.1% over the year. Net assets: $12.4bn on Jul 31, 2026 for Dimensional US Core Equity Market ETF, and $23.3bn on Oct 9, 2026 for Invesco S&P 500 Momentum ETF.

DFAU costs 0.01 points a year less; their one-year returns differ by 7.9 points.

DFAU vs SPMO: Differences, Returns & Fees
DFAUSPMO
Expense ratio0.12%0.13%
Net assets, DFAU as of Jul 31, 2026 and SPMO as of Oct 9, 2026$12.4bn$23.3bn
Total return, 1 year+17.2%+25.1%
What it tracksNo index, actively managedS&P 500 Momentum Index
Holdings in common28%
Holdings datedJul 31, 2026Oct 10, 2026
Top ten holdings, share of the fund33.7%50.9%
Below its high6.3%, high on Jun 22, 2026

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

+17.2%
DFAU total return, 1 year
+25.1%
SPMO total return, 1 year
0.12%
DFAU expense ratio
0.13%
SPMO expense ratio

What they hold in common

By the books each fund has filed, DFAU and SPMO hold 28% 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.

half

28% in common

Positions both hold, largest shared weight first
Holding DFAU SPMO
APPLE INC. 6.45% 9.11%
ALPHABET INC. 2.74% 4.93%
ALPHABET INC. 2.28% 3.96%
MICRON TECHNOLOGY, INC. 1.39% 9.20%
EXXONMOBIL HOLDINGS CORPORATION 0.88% 3.16%
ADVANCED MICRO DEVICES, INC. 0.86% 5.61%
JOHNSON & JOHNSON 0.72% 4.46%
CISCO SYSTEMS, INC. 0.53% 2.54%
MERCK & CO., INC. 0.50% 2.15%
APPLIED MATERIALS, INC. 0.47% 2.75%
THE COCA-COLA COMPANY 0.46% 1.55%
INTEL CORPORATION 0.46% 4.85%
Only in DFAU
NVIDIA CORPORATION 6.74%
MICROSOFT CORPORATION 5.09%
AMAZON.COM, INC. 3.59%
BROADCOM INC. 2.35%
META PLATFORMS, INC. 1.79%
JPMORGAN CHASE & CO. 1.27%
ELI LILLY AND COMPANY 1.24%
BERKSHIRE HATHAWAY INC. 1.11%
Only in SPMO
Welltower Inc 0.81%
Prologis Inc 0.57%
Simon Property Group Inc 0.37%
Ventas Inc 0.21%
Host Hotels & Resorts Inc 0.10%
Federal Realty Investment Trust 0.05%
Invesco Government & Agency Portfolio 0.03%
SECURITIES LENDING - BNYM 0.00%

Check overlap with more funds →

On the same fields

DFAU
Dimensional US Core Equity Market ETF
SPMO
Invesco S&P 500 Momentum ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional Invesco
What it is Actively managed Tracks the S&P 500 Momentum
Total return, 1 year +17.2% +25.1%
Its benchmark over the same days +16.7% (IWV) not published
Gap to its benchmark +0.5 pts vs IWV not available
Expense ratio 0.12% 0.13%
Already in the S&P 500 86.8% 100.0%
Holdings 2192 101
Net assets, DFAU as of Jul 31, 2026 and SPMO as of Oct 9, 2026 $12.4bn $23.3bn

DFAU and SPMO on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About DFAU

DFAU is actively managed and tracks no index. The prospectus expense ratio is 0.12% a year. By its holdings filed for Jul 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 2,192 positions, with the top ten at 33.7%.

Over the year to Oct 9, 2026 it returned +17.2% with distributions reinvested, against +16.7% for its benchmark, the Russell 3000 Index.

About SPMO

SPMO tracks the S&P 500 Momentum. Over the year to Oct 9, 2026 it returned +25.1% with distributions reinvested. 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 returned more over the last year, DFAU or SPMO?
In the year to Oct 9, 2026, with distributions reinvested, DFAU returned +17.2% and SPMO +25.1%.
Which is cheaper, DFAU or SPMO?
DFAU 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 DFAU and SPMO overlap with the S&P 500?
By their latest filed holdings, 87% of DFAU and 100% of SPMO by weight is stocks the S&P 500 already holds.
Other comparisons
DFAU vs SPHQDFAU vs SPYDFAU vs IVVDFAU vs VOOSPMO vs USMVRECS vs SPMOSCHK vs SPMODSI vs SPMO
DFAU on its own →SPMO on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DFAU filings on SEC EDGAR ↗DFAU 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, DFAU against SPMO, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfau-vs-spmo

Open data

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