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DFUS vs QLC: Differences, Returns & Fees

DFUS and QLC hold 55% of their weight in the same names, and QLC returned +19.8% over the year. Net assets on Jul 31, 2026: $20.9bn for Dimensional U.S. Equity Market ETF and $1.0bn for Northern Trust US Quality Large Cap ETF.

DFUS costs 0.16 points a year less; their one-year returns differ by 2.5 points; DFUS is far larger, $20.9bn against $1.0bn.

DFUS vs QLC: Differences, Returns & Fees
DFUSQLC
Expense ratio0.09%0.25%
Net assets, as of Jul 31, 2026$20.9bn$1.0bn
Total return, 1 year+17.3%+19.8%
What it tracksNo index, actively managedNorthern Trust Quality Large Cap Index
Holdings in common55%
Top ten holdings, share of the fund34.6%37.6%

Holdings in common uses holdings dated Jul 31, 2026.

+17.3%
DFUS total return, 1 year
+19.8%
QLC total return, 1 year
0.09%
DFUS expense ratio
0.25%
QLC expense ratio

What they hold in common

By the books each fund has filed, DFUS and QLC hold 55% 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

55% in common

Positions both hold, largest shared weight first
Holding DFUS QLC
NVIDIA CORPORATION 6.75% 7.10%
APPLE INC. 6.45% 7.33%
MICROSOFT CORPORATION 4.99% 4.25%
ALPHABET INC. 3.00% 4.09%
BROADCOM INC. 2.63% 2.94%
AMAZON.COM, INC. 3.83% 2.59%
ALPHABET INC. 2.48% 3.66%
META PLATFORMS, INC. 1.77% 1.40%
JPMORGAN CHASE & CO. 1.37% 1.98%
BERKSHIRE HATHAWAY INC. 1.38% 1.27%
ELI LILLY AND COMPANY 1.33% 1.12%
MICRON TECHNOLOGY, INC. 1.35% 1.09%
Only in DFUS
EXXONMOBIL HOLDINGS CORPORATION 0.94%
VISA INC. 0.88%
WALMART INC. 0.71%
MASTERCARD INCORPORATED 0.68%
COSTCO WHOLESALE CORPORATION 0.61%
UNITEDHEALTH GROUP INCORPORATED 0.55%
CHEVRON CORPORATION 0.53%
THE COCA-COLA COMPANY 0.50%
Only in QLC
Simon Property Group, Inc. 0.58%
Alexandria Real Estate Equities, Inc. 0.55%
VICI Properties, Inc. 0.49%
Royalty Pharma plc 0.46%
Agnico Eagle Mines Ltd. 0.24%
Check Point Software Technologies Ltd. 0.23%
Electronic Arts, Inc. 0.19%
AvalonBay Communities, Inc. 0.04%

Check overlap with more funds →

On the same fields

DFUS
Dimensional U.S. Equity Market ETF
QLC
Northern Trust US Quality Large Cap ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional Northern Trust
What it is Actively managed Tracks an index
Total return, 1 year +17.3% +19.8%
Its benchmark over the same days +16.7% (IWV) not published
Gap to its benchmark +0.6 pts vs IWV not available
Expense ratio 0.09% 0.25%
Already in the S&P 500 89.4% 96.4%
Holdings 2236 177
Net assets, as of Jul 31, 2026 $20.9bn $1.0bn

DFUS and QLC 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 QLC

QLC tracks an index. Over the year to Oct 9, 2026 it returned +19.8% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings filed for Jul 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 177 positions, with the top ten at 37.6%.

Questions people ask

Which returned more over the last year, DFUS or QLC?
In the year to Oct 9, 2026, with distributions reinvested, DFUS returned +17.3% and QLC +19.8%.
Which is cheaper, DFUS or QLC?
DFUS is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFUS and QLC overlap with the S&P 500?
By their latest filed holdings, 89% of DFUS and 96% of QLC by weight is stocks the S&P 500 already holds.
Other comparisons
DFUS vs MODLDFUS vs PTLCDFUS vs OMFLDFUS vs RECSOEF vs QLCIWV vs QLCMTUM vs QLCQLC vs SPHQ
DFUS on its own →QLC 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 ↗QLC filings on SEC EDGAR ↗QLC prospectus with the expense ratio (SEC) ↗

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 QLC, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfus-vs-qlc

Open data

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