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DFUS vs SPHB: Differences, Returns & Fees

DFUS and SPHB hold 21% of their weight in the same names, and SPHB returned +37.4% over the year. Net assets: $20.9bn on Jul 31, 2026 for Dimensional U.S. Equity Market ETF, and $1.0bn on Oct 9, 2026 for Invesco S&P 500 High Beta ETF.

DFUS costs 0.16 points a year less; their one-year returns differ by 20.1 points.

DFUS vs SPHB: Differences, Returns & Fees
DFUSSPHB
Expense ratio0.09%0.25%
Net assets, DFUS as of Jul 31, 2026 and SPHB as of Oct 9, 2026$20.9bn$1.0bn
Total return, 1 year+17.3%+37.4%
What it tracksNo index, actively managedS&P 500 High Beta Index
Holdings in common21%
Holdings datedJul 31, 2026Oct 10, 2026
Top ten holdings, share of the fund34.6%20.4%

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

+17.3%
DFUS total return, 1 year
+37.4%
SPHB total return, 1 year
0.09%
DFUS expense ratio
0.25%
SPHB expense ratio

What they hold in common

By the books each fund has filed, DFUS and SPHB hold 21% 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

21% in common

Positions both hold, largest shared weight first
Holding DFUS SPHB
MICRON TECHNOLOGY, INC. 1.35% 1.93%
TESLA, INC. 1.27% 1.31%
ADVANCED MICRO DEVICES, INC. 1.12% 2.01%
NVIDIA CORPORATION 6.75% 0.98%
BROADCOM INC. 2.63% 0.94%
META PLATFORMS, INC. 1.77% 0.88%
AMAZON.COM, INC. 3.83% 0.75%
ALPHABET INC. 2.48% 0.69%
INTEL CORPORATION 0.62% 1.46%
APPLIED MATERIALS, INC. 0.58% 1.26%
CATERPILLAR INC. 0.54% 0.80%
LAM RESEARCH CORPORATION 0.53% 1.58%
Only in DFUS
APPLE INC. 6.45%
MICROSOFT CORPORATION 4.99%
ALPHABET INC. 3.00%
BERKSHIRE HATHAWAY INC. 1.38%
JPMORGAN CHASE & CO. 1.37%
ELI LILLY AND COMPANY 1.33%
EXXONMOBIL HOLDINGS CORPORATION 0.94%
JOHNSON & JOHNSON 0.90%
Only in SPHB
Invesco Government & Agency Portfolio 0.01%
SECURITIES LENDING - BNYM 0.00%

Check overlap with more funds →

On the same fields

DFUS
Dimensional U.S. Equity Market ETF
SPHB
Invesco S&P 500 High Beta ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional Invesco
What it is Actively managed Tracks an index
Total return, 1 year +17.3% +37.4%
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% 100.0%
Holdings 2236 101
Net assets, DFUS as of Jul 31, 2026 and SPHB as of Oct 9, 2026 $20.9bn $1.0bn

DFUS and SPHB 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 SPHB

SPHB tracks an index. Over the year to Oct 9, 2026 it returned +37.4% with distributions reinvested. The prospectus expense ratio is 0.25% 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 20.4%.

Questions people ask

Which returned more over the last year, DFUS or SPHB?
In the year to Oct 9, 2026, with distributions reinvested, DFUS returned +17.3% and SPHB +37.4%.
Which is cheaper, DFUS or SPHB?
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 SPHB overlap with the S&P 500?
By their latest filed holdings, 89% of DFUS and 100% of SPHB by weight is stocks the S&P 500 already holds.
Other comparisons
DFUS vs QLCDFUS vs EFIVDFUS vs MODLDFUS vs DSPYOEF vs SPHBIWV vs SPHBMTUM vs SPHBSPHB vs SPHQ
DFUS on its own →SPHB 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 ↗SPHB filings on SEC EDGAR ↗SPHB prospectus with the expense ratio (SEC) ↗Invesco page for SPHB ↗

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

Open data

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