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DFUS vs FQAL: Differences, Returns & Fees

DFUS and FQAL hold 48% of their weight in the same names, and DFUS returned +17.3% over the year. Net assets: $20.9bn on Jul 31, 2026 for Dimensional U.S. Equity Market ETF, and $1.4bn on Sep 30, 2026 for Fidelity Quality Factor ETF.

DFUS costs 0.06 points a year less; their one-year returns differ by 2.1 points; DFUS is 14.8 times larger.

DFUSFQAL
Expense ratio0.09%0.15%
Net assets, as of Jul 31, 2026$20.9bn$1.4bn
Total return, 1 year+17.3%+15.2%
What it tracksNo index, actively managednot read by ETFIQ
Holdings in common48%
Top ten holdings, share of the fund34.6%38.1%

Holdings in common uses holdings dated Jul 31, 2026.

+17.3%
DFUS total return, 1 year
+15.2%
FQAL total return, 1 year
0.09%
DFUS expense ratio
0.15%
FQAL expense ratio

What they hold in common

By the books each fund has filed, DFUS and FQAL hold 48% 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.

half

48% in common

Positions both hold, largest shared weight first
Holding DFUS FQAL
NVIDIA CORPORATION 6.75% 7.69%
APPLE INC. 6.45% 7.22%
MICROSOFT CORPORATION 4.99% 5.62%
ALPHABET INC. 3.00% 5.58%
BROADCOM INC. 2.63% 3.36%
META PLATFORMS, INC. 1.77% 1.90%
JPMORGAN CHASE & CO. 1.37% 1.97%
ELI LILLY AND COMPANY 1.33% 1.77%
EXXONMOBIL HOLDINGS CORPORATION 0.94% 1.12%
JOHNSON & JOHNSON 0.90% 1.37%
VISA INC. 0.88% 1.48%
MASTERCARD INCORPORATED 0.68% 1.23%
Only in DFUS
AMAZON.COM, INC. 3.83%
ALPHABET INC. 2.48%
BERKSHIRE HATHAWAY INC. 1.38%
MICRON TECHNOLOGY, INC. 1.35%
TESLA, INC. 1.27%
ADVANCED MICRO DEVICES, INC. 1.12%
WALMART INC. 0.71%
INTEL CORPORATION 0.62%
Only in FQAL
WELLTOWER INC 0.35%
PROLOGIS INC 0.29%
SIMON PROPERTY GROUP INC 0.22%
AMERICAN TOWER CORP 0.21%
REALTY INCOME CORP 0.18%
PUBLIC STORAGE 0.18%
ANGLOGOLD ASHANTI PLC 0.15%
AVALONBAY COMMUNITIES INC 0.14%

Check overlap with more funds →

On the same fields

DFUS
Dimensional U.S. Equity Market ETF
FQAL
Fidelity Quality Factor ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional Fidelity
What it is Actively managed Tracks an index
Total return, 1 year +17.3% +15.2%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 0.0 pts −2.1 pts
Expense ratio 0.09% 0.15%
Already in the S&P 500 89.4% 94.0%
Holdings 2236 124
Net assets, DFUS as of Jul 31, 2026 and FQAL as of Sep 30, 2026 $20.9bn $1.4bn

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

DFUS in plain words

DFUS is actively managed and tracks no index. 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 0.09% a year. By its holdings filed for Jul 31, 2026, 89% of the fund by weight is stocks the S&P 500 also holds, across 2,236 positions, with the top ten at 34.6%.

FQAL in plain words

FQAL tracks an index. Over the year to Oct 9, 2026 it returned +15.2% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 124 positions, with the top ten at 38.1%.

Questions people ask

Which returned more over the last year, DFUS or FQAL?
In the year to Oct 9, 2026, with distributions reinvested, DFUS returned +17.3% and FQAL +15.2%.
Which is cheaper, DFUS or FQAL?
DFUS is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFUS and FQAL overlap with the S&P 500?
By their latest filed holdings, 89% of DFUS and 94% of FQAL by weight is stocks the S&P 500 already holds.
Other comparisons
DFUS vs FDLODFUS vs USXFDFUS vs PDPDFUS vs SEIMFQAL vs OEFFQAL vs IWVFQAL vs MTUMFQAL vs SPHQ
DFUS on its own →FQAL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DFUS filings on SEC EDGAR ↗DFUS prospectus with the expense ratio (SEC) ↗Dimensional website ↗FQAL filings on SEC EDGAR ↗FQAL prospectus with the expense ratio (SEC) ↗Fidelity website ↗

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, DFUS against FQAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfus-vs-fqal

Open data

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