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DFUS vs USPX: Differences, Returns & Fees

DFUS and USPX hold 88% of their weight in the same names. Net assets: $20.9bn on Jul 31, 2026 for Dimensional U.S. Equity Market ETF, and $2.1bn on Oct 9, 2026 for Franklin U.S. Equity Index ETF.

USPX costs 0.06 points a year less; their one-year returns differ by 0.4 points.

DFUS vs USPX: Differences, Returns & Fees
DFUSUSPX
Expense ratio0.09%0.03%
Net assets, DFUS as of Jul 31, 2026 and USPX as of Oct 9, 2026$20.9bn$2.1bn
Total return, 1 year+17.3%+16.9%
What it tracksNo index, actively managedLinked Morningstar US Target Market Exposure Index ††
Holdings in common88%
Top ten holdings, share of the fund34.6%36.2%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.

+17.3%
DFUS total return, 1 year
+16.9%
USPX total return, 1 year
0.09%
DFUS expense ratio
0.03%
USPX expense ratio

What they hold in common

By the books each fund has filed, DFUS and USPX hold 88% 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 Jun 30, 2026 and Jul 31, 2026.

half

88% in common

Positions both hold, largest shared weight first
Holding DFUS USPX
NVIDIA CORPORATION 6.75% 7.29%
APPLE INC. 6.45% 6.59%
MICROSOFT CORPORATION 4.99% 4.31%
AMAZON.COM, INC. 3.83% 3.64%
ALPHABET INC. 3.00% 3.25%
BROADCOM INC. 2.63% 2.73%
ALPHABET INC. 2.48% 2.59%
META PLATFORMS, INC. 1.77% 1.92%
BERKSHIRE HATHAWAY INC. 1.38% 1.44%
JPMORGAN CHASE & CO. 1.37% 1.37%
MICRON TECHNOLOGY, INC. 1.35% 2.02%
ELI LILLY AND COMPANY 1.33% 1.50%
Only in DFUS
EXXONMOBIL HOLDINGS CORPORATION 0.94%
SPOTIFY TECHNOLOGY S.A. 0.10%
NATERA, INC. 0.05%
CASEY'S GENERAL STORES, INC. 0.05%
CBOE GLOBAL MARKETS, INC. 0.05%
REVOLUTION MEDICINES, INC. 0.05%
TAPESTRY, INC. 0.04%
TECHNIPFMC PLC 0.04%
Only in USPX
EXXONMOBIL HOLDINGS CORP 0.88%
WELLTOWER INC 0.25%
PROLOGIS INC 0.20%
EQUINIX INC 0.16%
MERCADOLIBRE INC 0.12%
AMERICAN TOWER CORP 0.12%
SIMON PROPERTY GROUP INC 0.11%
DIGITAL REALTY TRUST INC 0.09%

Check overlap with more funds →

On the same fields

DFUS
Dimensional U.S. Equity Market ETF
USPX
Franklin U.S. Equity Index ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional Franklin
What it is Actively managed Tracks an index
Total return, 1 year +17.3% +16.9%
Its benchmark over the same days +16.7% (IWV) +16.9% (BBUS)
Gap to its benchmark +0.6 pts vs IWV 0.0 pts vs BBUS
Expense ratio 0.09% 0.03%
Already in the S&P 500 89.4% 97.9%
Holdings 2236 468
Net assets, DFUS as of Jul 31, 2026 and USPX as of Oct 9, 2026 $20.9bn $2.1bn

DFUS and USPX 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 USPX

USPX tracks an index. Over the year to Oct 9, 2026 it returned +16.9% with distributions reinvested, against +16.9% for its benchmark, the Linked Morningstar US Target Market Exposure Index ††. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 468 positions, with the top ten at 36.2%.

Questions people ask

Which returned more over the last year, DFUS or USPX?
In the year to Oct 9, 2026, with distributions reinvested, DFUS returned +17.3% and USPX +16.9%.
Which is cheaper, DFUS or USPX?
USPX 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.
How much do DFUS and USPX overlap with the S&P 500?
By their latest filed holdings, 89% of DFUS and 98% of USPX by weight is stocks the S&P 500 already holds.
Other comparisons
DFUS vs JPEFDFUS vs TMFCCGCV vs DFUSDFUS vs TILTOEF vs USPXIWV vs USPXMTUM vs USPXSPHQ vs USPX
DFUS on its own →USPX 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 ↗USPX filings on SEC EDGAR ↗USPX prospectus with the expense ratio (SEC) ↗Franklin website ↗

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

Open data

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