BBUS vs DFUS: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders U.S. Equity ETF

BBUSACboe

Dimensional U.S. Equity ETF

DFUSBNYSE Arca

Overlap

89.5%by weight

Expense ratio

BBUS −0.07pt a year

BBUS0.02%DFUS0.09%

Avg volume · 30D

DFUS 3.2×the volume

BBUS224KDFUS717K

5Y return · a year

DFUS +0.1pt

BBUS+11.6%DFUS+11.7%

BBUS vs DFUS Performance

Oct 29, 2021 – Oct 30, 2026

+72.8%BBUS+73.9%DFUS

Expense ratio: BBUS 0.02%, better; DFUS 0.09%
Fund size: BBUS $9.56B; DFUS $21.5B
1Y total return: BBUS +11.3%; DFUS +12.2%, better
Yield (12M): BBUS 1.01%, better; DFUS 0.88%
Holdings: BBUS 470; DFUS 2225
Avg volume (30D): BBUS 224K sh; DFUS 717K sh, better
NAV per share: BBUS $136.14; DFUS $82.40
52W range

ETF.net Grade

Pillar letters and Scores for BBUS, DFUS, with each pillar’s weight
Pillar	BBUS	DFUS
Cost30% weight	A96Higher	C43
Mission25% weight	A98	A100Higher
Risk15% weight	C44	C50Higher
Tradability15% weight	D35	B69Higher
Holdings10% weight	D36	B63Higher
Durability5% weight	D28	B64Higher

Rank among Total US Market funds

How we build Categories ›

Same Category. BBUS and DFUS are both graded against the same 10 Total US Market funds, so their Grades compare head to head.

Total US Market⁠

Category · 10 funds

See all 10 ›

BBUS ranks 5th and DFUS 6th of 10 funds in the Total US Market Category.

Rank 4AVTIVanguard Morningstar Total Stock Market ETFScore 73
Rank 5ABBUSJPMorgan BetaBuilders U.S. Equity ETFScore 70
Rank 6BDFUSDimensional U.S. Equity ETFScore 65
Rank 7BIWViShares Russell 3000 ETFScore 60

Our read on each fund

ETF.net Research

BBUSAJPMorgan BetaBuilders U.S. Equity ETF

DFUSBDimensional U.S. Equity ETF

In short

BBUS JPMorgan's two-basis-point answer to the total-market question: it undercuts the household-name index funds on fee, then holds a tighter book of roughly 500 large and mid caps instead of reaching for the whole market's tail.

DFUS Most total-market funds just mirror an index. DFUS covers similar ground with tax written into the mandate itself: Dimensional aims for long-term capital appreciation while working to minimize federal income taxes.

Stated mandate

BBUS The fund seeks broad U.S. equity exposure through an indexed, passive approach tracking the Morningstar US Target Market Exposure Index.

DFUS The fund seeks long-term capital appreciation while also aiming to minimize federal income taxes.

Why people hold it

BBUS 0.02% a year makes it the cheapest fund in its total-market cohort, under the 0.03% charged by VTI, SCHB and ITOT and well under the 0.06% cohort median.
Plain passive plumbing: it follows the Morningstar US Target Market Exposure Index with very little drift, no factor tilts and no manager discretion in the mix.jpmorgan.com
A multi-billion-dollar fund backed by J.P. Morgan's ETF desk, listed since 2019 and paying distributions quarterly.

DFUS The tax angle sits in the stated objective, not the marketing: long-term capital appreciation while aiming to minimize federal income taxes.dimensional.com
Roughly 2,500 US stocks in a single line item, so broad-market coverage arrives without a basket of tickers to babysit.
A multi-billion-dollar fund that trades actively, so buying or selling rarely means hunting for the other side of the trade.
The strategy's record runs back to 2001, and the portfolio holds closely to the broad US equity mandate it advertises.

Worth knowing

BBUS "US equity" here means roughly 500 large and mid cap names, so the deep small-cap tail that the broadest funds in this group carry is thinner.jpmorgan.com
Volume is moderate rather than heavy for the category, so spreads can run wider than at the most heavily traded total-market names.
A 2019 launch gives it a shorter live record than the total-market veterans it undercuts on price.

DFUS At 0.09% a year, DFUS costs more than plain index rivals in the same aisle: VTI and ITOT run 0.03%, BBUS 0.02%.
Minimizing taxes is an aim, not an outcome. The fund still distributes quarterly, and what you actually keep depends on your bracket and account type.
US equity only. Anything outside the United States sits outside this fund's mandate.

Full BBUS profile⁠

Full DFUS profile⁠

BBUS vs DFUS Holdings

How BBUS and DFUS differ

Overlap by weight

89.5%

Shared holdings make up 96.4% of BBUS and 89.9% of DFUS.

Level by level

Holdings429 in both89.5%
Sector11 Sectors96.6%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in BBUS and DFUS, widest gap first
Sector	More in BBUSMore in DFUS	BBUS	DFUS
Technology	BBUS +1.6 points	40.6%	39.0%
Real Estate	BBUS +1.5 points	1.6%	0.1%
Financials	DFUS +0.8 points	11.2%	12.0%
Industrials	DFUS +0.7 points	8.0%	8.7%
Health Care	DFUS +0.6 points	9.1%	9.7%
Consumer Discretionary	DFUS +0.3 points	8.7%	9.0%
Materials	DFUS +0.4 points	1.5%	1.9%
Communication	BBUS +0.3 points	9.9%	9.6%
Energy	DFUS +0.3 points	3.4%	3.7%
Consumer Staples	DFUS +0.1 points	4.2%	4.3%
Utilities	DFUS +0.1 points	1.8%	1.9%

Country, concentration and asset class

Country by domicile

Country weights in BBUS and DFUS, widest gap first
Country	More in BBUSMore in DFUS	BBUS	DFUS
United States	Same weight	99.4%	99.4%
Switzerland	Same weight	0.3%	0.3%
Brazil	BBUS +0.1 points	0.1%	0.0%
China	Same weight	0.1%	0.1%
United Kingdom	DFUS +0.1 points	0.0%	0.1%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
Sweden	Same weight	0.0%	0.0%
Other countries (2)	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

BBUS36.9%
DFUS34.0%

Securities held

BBUS468
DFUS2,224

Asset class

BBUS: Equity
DFUS: Equity

Holdings

Only in BBUS39
In both429
Only in DFUS1,795

Only in BBUS

39 securities, 3.5% of BBUS by weight

JPMorgan U.s. Government0.63%
Space Exploration0.41%
Welltower Inc0.26%
Prologis Inc Reit USD0.19%
Equinix Inc Reit USD0.15%
Trane Technologies PLC0.14%
Elevance Health Inc0.13%
American Tower Corp Reit0.13%
Mercadolibre Inc Common0.12%
Simon Property Group Inc0.10%
Digital Realty Trust Inc0.10%
Crh PLC Common Stock Eur0.09%
Public Storage Reit USD0.08%
Becton Dickinson & Co0.08%
Realty Income Corp Reit0.08%
Strategy Inc Common Stock0.07%
Ventas Inc Reit USD 0.250.07%
Block Inc Common Stock0.06%
Crown Castle0.06%
Iron Mountain Inc Reit0.05%
Extra Space Storage Inc0.05%
Vici Properties Inc Reit0.04%
Fiserv Inc Common Stock0.04%
Royalty Pharma PLC Common0.04%
Steris PLC Common Stock0.03%
Sba Communications Corp0.03%
Kimco Realty Corp Reit0.03%
Essex Property Trust Inc0.02%
Wp Carey Inc Reit USD0.02%
Weyerhaeuser Co Reit USD0.02%
Invitation Homes Inc Reit0.02%
Mid-America Apartment0.02%
Annaly Capital Management0.02%
Circle Internet Group0.02%
Medline Inc Common Stock0.02%
Sun Communities Inc Reit0.02%
Flutter Entertainment0.02%
Vivmark Residential Reit0.01%
Tpg Inc Right USD0.00%

Only in DFUS

1,795 securities, 9.9% of DFUS by weight

Trane Technologies PLC0.14%
Elevance Health Inc0.13%
Spotify Technology SA0.11%
Natera Inc0.09%
Crh PLC0.08%
Becton Dickinson & Co0.08%
Moderna Inc0.07%
Block Inc0.06%
Kenvue Inc0.05%
Okta Inc0.05%
Revolution Medicines Inc0.05%
Cboe Global Markets Inc0.05%
Williams-Sonoma Inc0.04%
Technipfmc PLC0.04%
Qnity Electronics Inc0.04%
Casey's General Stores In0.04%
Guardant Health Inc0.04%
Atlassian Corp PLC0.03%
Steris PLC0.03%
Tapestry Inc0.03%
Us Foods Holding Corp0.03%
Ati Inc0.03%
Tenet Healthcare Corp.0.03%
United Therapeutics Corp0.03%
Rubrik Inc0.03%
Nvent Electric PLC0.03%
Reliance Inc0.03%
Viatris Inc0.03%
Ovintiv Inc0.03%
Xpo Inc0.03%
Affirm Holdings Inc0.03%
Permian0.03%
Skyworks Solutions Inc.0.03%
Best Buy Co. Inc.0.03%
Roivant Sciences Ltd0.03%
Royal Gold Inc0.03%
Roku Inc0.03%
Woodward Inc0.03%
Ftai Aviation Ltd0.03%
Rocket Cos Inc0.03%
Apa Corp0.03%
Sharkninja Hong Kong Co L0.03%
Cf Industries Holdings0.03%
Zebra Technologies Corp0.03%
Td Synnex Corp0.03%
Hf Sinclair Corp0.03%
Macom Technology Solution0.03%
Revvity Inc0.03%
Charles River Laboratorie0.03%
Nutanix Inc0.03%

Weight gaps

The 100 widest of 429 Holdings in both funds.

Holding weights in BBUS and DFUS, widest gap first
Holding	More in BBUSMore in DFUS	BBUS	DFUS
Apple Inc Common StockAAPL	BBUS +0.80 points	7.67%	6.87%
Microsoft Corp CommonMSFT	BBUS +0.53 points	5.92%	5.39%
NVIDIA Corp Common StockNVDA	BBUS +0.53 points	7.28%	6.75%
Alphabet Inc-Cl A -GOOGL	BBUS +0.24 points	2.50%	2.26%
Amazon.com Inc CommonAMZN	BBUS +0.24 points	3.62%	3.38%
Eli Lilly and CompanyLLY	BBUS +0.16 points	1.73%	1.57%
Alphabet Inc-Cl C -GOOG	BBUS +0.16 points	2.02%	1.86%
Accenture PLC CommonACN	BBUS +0.15 points	0.24%	0.09%
Intel Corp Common StockINTC	DFUS +0.14 points	0.47%	0.61%
Meta Platforms Inc CommonMETA	BBUS +0.11 points	2.07%	1.96%
Exxonmobil Holdings CorpXOM	BBUS +0.09 points	1.17%	1.08%
Berkshire Hathaway IncBRK.B	BBUS +0.09 points	1.53%	1.44%
Visa Inc Common Stock USDV	BBUS +0.08 points	1.08%	1.00%
Intuit Inc Common StockINTU	BBUS +0.07 points	0.14%	0.07%
Walmart Inc Common StockWMT	BBUS +0.08 points	0.83%	0.75%
Chevron Corp Common StockCVX	BBUS +0.07 points	0.67%	0.60%
Advanced Micro DevicesAMD	DFUS +0.06 points	1.26%	1.32%
JPMorgan Chase & CoJPM	BBUS +0.07 points	1.37%	1.30%
AbbVie Inc Common StockABBV	BBUS +0.07 points	0.80%	0.73%
Johnson & Johnson CommonJNJ	BBUS +0.06 points	1.01%	0.95%
Costco Wholesale CorpCOST	BBUS +0.06 points	0.69%	0.63%
Broadcom Inc CommonAVGO	BBUS +0.05 points	2.32%	2.27%
Netflix Inc Common StockNFLX	BBUS +0.05 points	0.39%	0.34%
Mastercard Inc CommonMA	BBUS +0.05 points	0.78%	0.73%
Servicenow Inc CommonNOW	BBUS +0.06 points	0.17%	0.11%
Boston Scientific CorpBSX	BBUS +0.05 points	0.09%	0.04%
Nike Inc Common StockNKE	BBUS +0.05 points	0.07%	0.02%
The Coca-Cola CompanyKO	BBUS +0.05 points	0.56%	0.51%
Merck & Co Inc CommonMRK	BBUS +0.04 points	0.56%	0.52%
Kimberly-Clark CorpKMB	BBUS +0.05 points	0.10%	0.05%
The Procter & GamblePG	BBUS +0.04 points	0.57%	0.53%
Home Depot Inc/TheHD	BBUS +0.04 points	0.50%	0.46%
UnitedHealth Group IncUNH	BBUS +0.04 points	0.56%	0.52%
Uber Technologies IncUBER	BBUS +0.04 points	0.20%	0.16%
Philip MorrisPM	BBUS +0.04 points	0.50%	0.46%
Zoetis Inc Common StockZTS	BBUS +0.03 points	0.05%	0.02%
Gilead Sciences IncGILD	BBUS +0.03 points	0.32%	0.29%
Verizon CommunicationsVZ	BBUS +0.03 points	0.28%	0.25%
Amgen Inc Common StockAMGN	BBUS +0.02 points	0.38%	0.36%
Linde PLC Common StockLIN	BBUS +0.03 points	0.36%	0.33%
Oracle Corp Common StockORCL	BBUS +0.03 points	0.34%	0.31%
The Walt Disney CompanyDIS	BBUS +0.03 points	0.29%	0.26%
International BusinessIBM	BBUS +0.03 points	0.37%	0.34%
Rtx CorpRTX	BBUS +0.03 points	0.41%	0.38%
Deere & Co Common StockDE	BBUS +0.03 points	0.26%	0.23%
T-Mobile Us Inc CommonTMUS	BBUS +0.03 points	0.12%	0.09%
Pepsico Inc Common StockPEP	BBUS +0.03 points	0.29%	0.26%
Abbott LaboratoriesABT	BBUS +0.03 points	0.28%	0.25%
Automatic Data ProcessingADP	BBUS +0.03 points	0.18%	0.15%
AT&T Inc Common Stock USDT	BBUS +0.02 points	0.22%	0.20%
Conocophillips CommonCOP	BBUS +0.02 points	0.28%	0.26%
Constellation EnergyCEG	BBUS +0.03 points	0.14%	0.11%
Bank of America CorpBAC	BBUS +0.02 points	0.49%	0.47%
Applovin Corp CommonAPP	BBUS +0.02 points	0.09%	0.07%
Regeneron PharmaceuticalsREGN	BBUS +0.02 points	0.14%	0.12%
Mcdonald's Corp CommonMCD	BBUS +0.02 points	0.28%	0.26%
General Electric CoGE	BBUS +0.03 points	0.48%	0.45%
Tesla Inc Common StockTSLA	BBUS +0.02 points	1.72%	1.70%
Pfizer Inc Common StockPFE	BBUS +0.03 points	0.27%	0.24%
Sunbelt Rentals HoldingsSUNB	BBUS +0.02 points	0.05%	0.03%
Nextera Energy IncNEE	BBUS +0.03 points	0.27%	0.24%
Vertex PharmaceuticalsVRTX	BBUS +0.02 points	0.22%	0.20%
Boeing Co/The CommonBA	BBUS +0.02 points	0.21%	0.19%
Wells Fargo & Co CommonWFC	BBUS +0.03 points	0.39%	0.36%
Morgan Stanley DeanMS	BBUS +0.02 points	0.33%	0.31%
Thermo Fisher ScientificTMO	BBUS +0.02 points	0.39%	0.37%
Copart Inc Common StockCPRT	BBUS +0.02 points	0.04%	0.02%
Union Pacific CorpUNP	BBUS +0.02 points	0.28%	0.26%
Cisco Systems Inc CommonCSCO	BBUS +0.02 points	0.63%	0.61%
Sandisk Corp CommonSNDK	DFUS +0.01 points	0.26%	0.27%
Caterpillar Inc CommonCAT	BBUS +0.02 points	0.44%	0.42%
Coreweave Inc CommonCRWV	BBUS +0.02 points	0.03%	<0.01%
Capital One FinancialCOF	BBUS +0.02 points	0.19%	0.17%
Goldman Sachs GroupGS	BBUS +0.02 points	0.40%	0.38%
Roper Technologies IncROP	BBUS +0.02 points	0.07%	0.05%
Roblox Corp Common StockRBLX	BBUS +0.02 points	0.04%	0.02%
Valero Energy Corp CommonVLO	BBUS +0.02 points	0.18%	0.16%
Chubb Ltd Common StockCB	BBUS +0.02 points	0.20%	0.18%
Marathon Petroleum CorpMPC	BBUS +0.02 points	0.19%	0.17%
Equifax Inc Common StockEFX	BBUS +0.01 points	0.03%	0.02%
General Dynamics CorpGD	BBUS +0.02 points	0.14%	0.12%
Altria Group Inc CommonMO	BBUS +0.02 points	0.20%	0.18%
Salesforce.com Inc.CRM	BBUS +0.02 points	0.28%	0.26%
American Express CoAXP	BBUS +0.02 points	0.26%	0.24%
Phillips 66 Common StockPSX	BBUS +0.01 points	0.17%	0.16%
Bristol-Myers Squibb CoBMY	BBUS +0.01 points	0.19%	0.18%
Dell Technologies IncDELL	DFUS +0.02 points	0.18%	0.20%
Colgate-Palmolive CompanyCL	BBUS +0.02 points	0.12%	0.10%
Arista Networks IncANET	DFUS +0.01 points	0.27%	0.28%
Lowe's Cos Inc CommonLOW	BBUS +0.02 points	0.18%	0.16%
Progressive Corp/ThePGR	BBUS +0.02 points	0.20%	0.19%
The Southern CompanySO	BBUS +0.01 points	0.16%	0.15%
Ebay Inc Common Stock USDEBAY	BBUS +0.01 points	0.08%	0.07%
Tjx Cos Inc/The CommonTJX	BBUS +0.02 points	0.24%	0.22%
Micron Technology IncMU	BBUS +0.01 points	1.52%	1.51%
Verisk Analytics IncVRSK	BBUS +0.02 points	0.04%	0.02%
Workday Inc Common StockWDAY	BBUS +0.02 points	0.06%	0.04%
Coinbase Global IncCOIN	BBUS +0.02 points	0.05%	0.03%
Tractor Supply Co CommonTSCO	BBUS +0.02 points	0.03%	0.01%
Intuitive Surgical IncISRG	BBUS +0.01 points	0.23%	0.22%

All 469 BBUS holdings⁠All 2,471 DFUS holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BBUS vs DFUS Cost

Overpaying DFUS vs BBUS

$1,472

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BBUS 0.02%
$426
DFUS 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

BBUS 0.02%
DFUS 0.09%
Overpaying

Year by year

Year	BBUS	DFUS	Overpaying
10	$37	$165	$128
20	$144	$646	$502
30	$426	$1,898	$1,472

Expense ratio

0.02%BBUS, cheaper
0.09%DFUS

BBUS0.02%DFUS0.09%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

BBUS cheapest of 10 funds

DFUS 7th cheapest of 10 funds

BBUS vs DFUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BBUS 1.01%, better; DFUS 0.88%
Payout (12M): BBUS $1.37; DFUS $0.72
Last payment: BBUS $0.35; DFUS $0.20
Ex-dividend: BBUS Sep 22, 2026; DFUS Sep 22, 2026
Paid on: BBUS Sep 24, 2026; DFUS Sep 24, 2026
Frequency: BBUS Quarterly; DFUS Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

BBUSQuarterly · 30 paymentsAll BBUS payments⁠

DFUSQuarterly · 22 paymentsAll DFUS payments⁠

BBUS vs DFUS Risk

Fall from peak · 5 years

BBUS
DFUS

Risk facts

VolatilityStd dev, 3 years: BBUS 12.5%, betterDFUS 12.6%
Return per unit of riskSharpe ratio, 3 years: BBUS 1.39DFUS 1.39
Worst fallMax drawdown, 5 years: BBUS −25.5%DFUS −24.6%, better
Market sensitivityBeta, 5 years: BBUS 1.02DFUS 1.02; Market = 1

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