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DFUS vs USCL: Differences, Returns & Fees

DFUS and USCL hold 72% 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 $2.9bn on Oct 9, 2026 for iShares Climate Conscious & Transition MSCI USA ETF.

USCL costs 0.01 points a year less; their one-year returns differ by 4.4 points; DFUS is 7.4 times larger.

DFUS vs USCL: Differences, Returns & Fees
DFUSUSCL
Expense ratio0.09%0.08%
Net assets, as of Jul 31, 2026$20.9bn$2.8bn
Total return, 1 year+17.3%+12.9%
What it tracksNo index, actively managedMSCI USA Extended Climate Action Index
Holdings in common72%
Top ten holdings, share of the fund34.6%46.3%

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

+17.3%
DFUS total return, 1 year
+12.9%
USCL total return, 1 year
0.09%
DFUS expense ratio
0.08%
USCL expense ratio

What they hold in common

By the books each fund has filed, DFUS and USCL hold 72% 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

72% in common

Positions both hold, largest shared weight first
Holding DFUS USCL
NVIDIA CORPORATION 6.75% 9.57%
APPLE INC. 6.45% 8.97%
MICROSOFT CORPORATION 4.99% 6.85%
AMAZON.COM, INC. 3.83% 4.61%
ALPHABET INC. 3.00% 3.74%
BROADCOM INC. 2.63% 2.97%
ALPHABET INC. 2.48% 2.95%
META PLATFORMS, INC. 1.77% 2.86%
TESLA, INC. 1.27% 1.99%
JPMORGAN CHASE & CO. 1.37% 1.20%
ADVANCED MICRO DEVICES, INC. 1.12% 1.80%
JOHNSON & JOHNSON 0.90% 1.14%
Only in DFUS
BERKSHIRE HATHAWAY INC. 1.38%
ELI LILLY AND COMPANY 1.33%
APPLIED MATERIALS, INC. 0.58%
GENERAL ELECTRIC COMPANY 0.55%
Philip Morris International Inc. 0.43%
TEXAS INSTRUMENTS INCORPORATED 0.36%
LINDE PUBLIC LIMITED COMPANY 0.32%
MCDONALD'S CORPORATION 0.28%
Only in USCL
ELI LILLY 1.71%
APPLIED MATERIAL INC 0.55%
GE AEROSPACE 0.44%
LINDE PLC 0.41%
EATON PLC 0.30%
MCDONALDS CORP 0.30%
WELLTOWER 0.29%
SEAGATE TECHNOLOGY HOLDINGS PLC 0.24%

Check overlap with more funds →

On the same fields

DFUS
Dimensional U.S. Equity Market ETF
USCL
iShares Climate Conscious & Transition MSCI USA ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional iShares
What it is Actively managed Tracks an index
Total return, 1 year +17.3% +12.9%
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% 0.08%
Already in the S&P 500 89.4% 98.0%
Holdings 2236 392
Net assets, DFUS as of Jul 31, 2026 and USCL as of Oct 9, 2026 $20.9bn $2.9bn

DFUS and USCL 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 USCL

USCL tracks an index. Over the year to Oct 9, 2026 it returned +12.9% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 9, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 392 positions, with the top ten at 46.3%.

Questions people ask

Which returned more over the last year, DFUS or USCL?
In the year to Oct 9, 2026, with distributions reinvested, DFUS returned +17.3% and USCL +12.9%.
Which is cheaper, DFUS or USCL?
USCL is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFUS and USCL overlap with the S&P 500?
By their latest filed holdings, 89% of DFUS and 98% of USCL by weight is stocks the S&P 500 already holds.
Other comparisons
DFUS vs SNPEDFUS vs SPYXDFUS vs JMOMDFUS vs EQWLOEF vs USCLIWV vs USCLMTUM vs USCLSPHQ vs USCL
DFUS on its own →USCL 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 ↗USCL filings on SEC EDGAR ↗USCL prospectus with the expense ratio (SEC) ↗iShares page for USCL ↗

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

Open data

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