DFUS vs FVAL: Differences, Returns & Fees
DFUS and FVAL hold 50% of their weight in the same names, and FVAL returned +20.9% 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 Value Factor ETF.
DFUS costs 0.06 points a year less; their one-year returns differ by 3.6 points; DFUS is 15.7 times larger.
| DFUS | FVAL | |
|---|---|---|
| Expense ratio | 0.09% | 0.15% |
| Net assets, as of Jul 31, 2026 | $20.9bn | $1.3bn |
| Total return, 1 year | +17.3% | +20.9% |
| What it tracks | No index, actively managed | Fidelity U.S. Value Factor Index |
| Holdings in common | 50% | |
| Top ten holdings, share of the fund | 34.6% | 42.3% |
Holdings in common uses holdings dated Jul 31, 2026.
What they hold in common
By the books each fund has filed, DFUS and FVAL 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.
half
50% in common
On the same fields
DFUS and FVAL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About DFUS
DFUS is actively managed and tracks no index. 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%.
Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +16.7% for its benchmark, the Russell 3000 Index.
About FVAL
FVAL tracks an index. Over the year to Oct 9, 2026 it returned +20.9% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 124 positions, with the top ten at 42.3%.
Questions people ask
- Which returned more over the last year, DFUS or FVAL?
- In the year to Oct 9, 2026, with distributions reinvested, DFUS returned +17.3% and FVAL +20.9%.
- Which is cheaper, DFUS or FVAL?
- 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.
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.
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ETFIQ, DFUS against FVAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfus-vs-fval
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