DFUS vs QVML: Differences, Returns & Fees
DFUS and QVML hold 79% of their weight in the same names. Net assets: $20.9bn on Jul 31, 2026 for Dimensional U.S. Equity Market ETF, and $1.7bn on Oct 9, 2026 for Invesco S&P 500 QVM Multi-factor ETF.
DFUS costs 0.02 points a year less; their one-year returns differ by 0.5 points.
| DFUS | QVML | |
|---|---|---|
| Expense ratio | 0.09% | 0.11% |
| Net assets, DFUS as of Jul 31, 2026 and QVML as of Oct 9, 2026 | $20.9bn | $1.7bn |
| Total return, 1 year | +17.3% | +17.8% |
| What it tracks | No index, actively managed | S&P 500 Quality, Value & Momentum Top 90% Multi-Factor Index |
| Holdings in common | 79% | |
| Holdings dated | Jul 31, 2026 | Oct 10, 2026 |
| Top ten holdings, share of the fund | 34.6% | 42.2% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, DFUS and QVML hold 79% 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
79% in common
On the same fields
DFUS and QVML 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 QVML
QVML tracks an index. Over the year to Oct 9, 2026 it returned +17.8% with distributions reinvested. The prospectus expense ratio is 0.11% 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 438 positions, with the top ten at 42.2%.
Questions people ask
- Which returned more over the last year, DFUS or QVML?
- In the year to Oct 9, 2026, with distributions reinvested, DFUS returned +17.3% and QVML +17.8%.
- Which is cheaper, DFUS or QVML?
- DFUS is cheaper, by 0.02 percentage points a year. That is about $2 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.
Cite this pageCitation, APA and Markdown
ETFIQ, DFUS against QVML, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfus-vs-qvml
ETFIQ. (Oct 9, 2026). DFUS against QVML. Retrieved from https://etfiq.com/compare/any/dfus-vs-qvml
[DFUS against QVML (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/dfus-vs-qvml)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.