DFUS vs ITOT: Grades, Fees and Holdings Compared

Dimensional U.S. Equity ETF

DFUSBNYSE Arca

iShares Core S&P Total U.S. Stock Market ETF

ITOTANYSE Arca

Overlap

94.6%by weight

Expense ratio

ITOT −0.06pt a year

DFUS0.09%ITOT0.03%

Avg volume · 30D

ITOT 2.1×the volume

DFUS717KITOT1.5M

5Y return · a year

DFUS +0.7pt

DFUS+11.7%ITOT+11.0%

DFUS vs ITOT Performance

Oct 29, 2021 – Oct 30, 2026

+73.9%DFUS+68.2%ITOT

Expense ratio: DFUS 0.09%; ITOT 0.03%, better
Fund size: DFUS $21.5B; ITOT $95.5B
1Y total return: DFUS +12.2%, better; ITOT +11.9%
Yield (12M): DFUS 0.88%; ITOT 1.02%, better
Holdings: DFUS 2225; ITOT 2431
Avg volume (30D): DFUS 717K sh; ITOT 1.5M sh, better
NAV per share: DFUS $82.40; ITOT $164.85
52W range

ETF.net Grade

Pillar letters and Scores for DFUS, ITOT, with each pillar’s weight
Pillar	DFUS	ITOT
Cost30% weight	C43	A75Higher
Mission25% weight	A100	A100
Risk15% weight	C50	C50
Tradability15% weight	B69	A83Higher
Holdings10% weight	B63	A74Higher
Durability5% weight	B64	A80Higher

Rank among Total US Market funds

How we build Categories ›

Same Category. DFUS and ITOT 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 ›

ITOT ranks 1st and DFUS 6th of 10 funds in the Total US Market Category.

Rank 1AITOTiShares Core S&P Total U.S. Stock Market ETFScore 78
Rank 2ASCHBSchwab U.S. Broad Market ETFScore 76
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

DFUSBDimensional U.S. Equity ETF

ITOTAiShares Core S&P Total U.S. Stock Market ETF

In short

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.

ITOT The S&P family's answer to total-market indexing: large, mid and small U.S. stocks in one 0.03% wrapper, running since 2004. Same fee as the Vanguard and Schwab giants, a different index rulebook.

Stated mandate

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

ITOT The fund seeks to track the performance of the S&P Composite 1500, representing U.S. stocks across market capitalizations.

Why people hold it

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.

ITOT 0.03% a year, matching the category's biggest names (VTI, SCHB) and sitting below what the typical fund in this group charges.
One index, no tilts: U.S. stocks across market caps in cap-weight order. The mandate it prints is the mandate it runs.
Trading since 2004 and now a multi-billion-dollar fund with active daily volume, so spreads are rarely the story.
Plain 1940 Act fund structure, cash paid out quarterly.

Worth knowing

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.

ITOT Cap weighting puts the megacaps in the driver's seat; the long tail of smaller names is a thin slice of the basket.
SPTM tracks the same declared index at the same 0.03% fee, so the pick comes down to platform, spreads and existing tax lots.
All-equity and all-U.S. by design: no bonds, no foreign stocks in the wrapper.

Full DFUS profile⁠

Full ITOT profile⁠

DFUS vs ITOT Holdings

How DFUS and ITOT differ

Overlap by weight

94.6%

Shared holdings make up 99.3% of DFUS and 96.2% of ITOT.

Level by level

Holdings1,903 in both94.6%
Sector11 Sectors96.4%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in DFUS and ITOT, widest gap first
Sector	More in DFUSMore in ITOT	DFUS	ITOT
Technology	DFUS +2.5 points	39.0%	36.5%
Real Estate	ITOT +2.0 points	0.1%	2.1%
Communication	DFUS +1.0 points	9.6%	8.6%
Health Care	ITOT +0.6 points	9.7%	10.3%
Industrials	ITOT +0.3 points	8.7%	9.0%
Consumer Staples	ITOT +0.2 points	4.3%	4.5%
Energy	ITOT +0.2 points	3.7%	3.9%
Financials	ITOT +0.2 points	12.0%	12.2%
Consumer Discretionary	DFUS +0.1 points	9.0%	8.9%
Utilities	ITOT +0.1 points	1.9%	2.0%
Materials	ITOT +0.1 points	1.9%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in DFUS and ITOT, widest gap first
Country	More in DFUSMore in ITOT	DFUS	ITOT
United States	Same weight	99.4%	99.4%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
United Kingdom	Same weight	0.1%	0.1%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
Taiwan	Same weight	0.0%	0.0%
Brazil	Same weight	0.0%	0.0%
Other countries (2)	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

DFUS34.0%
ITOT33.2%

Securities held

DFUS2,224
ITOT2,427

Asset class

DFUS: Equity
ITOT: Equity

Holdings

Only in DFUS321
In both1,903
Only in ITOT524

Only in DFUS

321 securities, 0.5% of DFUS by weight

Spotify Technology SA0.11%
Crh PLC0.08%
Southern Copper Corp0.03%
Icon PLC0.02%
Jfrog Ltd0.01%
Grail Inc<0.01%
Noble Corp PLC<0.01%
Globalfoundries Inc<0.01%
Marex Group Ltd<0.01%
U-Haul Holding Co<0.01%
Scorpio Tankers Inc<0.01%
Kiniksa Pharmaceuticals I<0.01%
Copa Holdings SA<0.01%
Dht Holdings Inc<0.01%
Amdocs Ltd<0.01%
Banco Santander SA<0.01%
Sunococorp Llc<0.01%
Imax Corp<0.01%
Constellium SE<0.01%
Teekay Tankers Ltd<0.01%
Pitney Bowes Inc.<0.01%
Bank of Nt Butterfield &<0.01%
Waterbridge Infrastructur<0.01%
Nordic American Tankers L<0.01%
Perpetua Resources Corp<0.01%
Hamilton Insurance Group<0.01%
Sfl Corp Ltd<0.01%
Aurinia Pharmaceuticals I<0.01%
Dole PLC<0.01%
Preferred Bank/Los Angele<0.01%
Pelagos Insurance Capital<0.01%
Borr Drilling Ltd<0.01%
Zymeworks Inc<0.01%
Central Pacific Financial<0.01%
Hanmi Financial Corp<0.01%
Ardmore Shipping Corp<0.01%
Birkenstock Holding PLC<0.01%
Smithfield Foods Inc<0.01%
Five Star Bancorp<0.01%
Teekay Corp Ltd<0.01%
Ardagh Metal Packaging SA<0.01%
Bioventus Inc<0.01%
Ultralife Corp<0.01%
Metrocity Bankshares Inc<0.01%
Skydance Corp<0.01%
Paysign Inc<0.01%
Nexa Resources SA<0.01%
Hbt Financial Inc<0.01%
Brightstar Lottery PLC<0.01%
Third Coast Bancshares In<0.01%

Only in ITOT

524 securities, 3.6% of ITOT by weight

Space Exploration Technologies Cor0.25%
Welltower0.23%
Prologis Reit0.17%
Equinix Reit0.14%
American Tower Reit0.12%
Simon Property Group Reit Inc0.10%
Digital Realty Trust Reit0.09%
Crh Public Limited PLC0.08%
Public Storage Reit0.07%
Realty Income Reit0.07%
Strategy Inc Class A0.06%
Vivmark Residential0.06%
Ventas Reit0.06%
Crown Castle Inc0.05%
Iron Mountain Inc0.05%
Extra Space Storage Reit0.04%
Royalty Pharma PLC Class A0.04%
Vici Pptys Inc0.04%
Amrize AG0.03%
Sba Communications Reit Corp Class0.03%
Host Hotels & Resorts Reit0.02%
Rb Global0.02%
Essex Property Trust Reit0.02%
Kimco Realty Reit Corp0.02%
Medline Class A0.02%
Circle Internet Group Inc Class A0.02%
Weyerhaeuser Reit0.02%
Invitation Homes0.02%
W. P. Carey Reit0.02%
Glaukos0.02%
Omega Healthcare Investors Reit0.02%
Lamar Advertising Company Clas0.02%
Mid America Apartment Communities0.02%
Healthpeak Properties Inc0.02%
Bridgebio Pharma0.02%
Sun Communities Reit Inc0.02%
Annaly Capital Management Reit0.02%
Bitmine Immersion Technologies0.02%
Regency Centers Reit Corp0.02%
Flutter Entertainment PLC0.02%
Bio Techne0.02%
American Healthcare Reit0.02%
Equity Lifestyle Properties Reit I0.02%
Gaming and Leisure Properties Reit0.02%
Eastgroup Properties Reit0.01%
Aes0.01%
Udr Reit0.01%
Draftkings Class A0.01%
Twist Bioscience0.01%
Agnc Investment Reit0.01%

Weight gaps

The 100 widest of 1,903 Holdings in both funds.

Holding weights in DFUS and ITOT, widest gap first
Holding	More in DFUSMore in ITOT	DFUS	ITOT
Advanced Micro DevicesAMD	DFUS +0.20 points	1.32%	1.12%
Amazon.com Inc.AMZN	DFUS +0.17 points	3.38%	3.21%
Tesla IncTSLA	DFUS +0.17 points	1.70%	1.53%
Intel CorpINTC	DFUS +0.16 points	0.61%	0.45%
Broadcom IncAVGO	DFUS +0.16 points	2.27%	2.11%
Micron Technology Inc.MU	DFUS +0.15 points	1.51%	1.36%
Accenture PLCACN	ITOT +0.13 points	0.09%	0.22%
Meta Platforms IncMETA	DFUS +0.11 points	1.96%	1.85%
Microsoft CorpMSFT	DFUS +0.11 points	5.39%	5.28%
JPMorgan Chase & CoJPM	DFUS +0.08 points	1.30%	1.22%
Intuit Inc.INTU	ITOT +0.06 points	0.07%	0.13%
Berkshire Hathaway Cl-BBRK.B	DFUS +0.06 points	1.44%	1.38%
Alphabet IncGOOG	DFUS +0.06 points	1.86%	1.80%
Applied Materials Inc.AMAT	DFUS +0.06 points	0.48%	0.42%
Johnson & JohnsonJNJ	DFUS +0.05 points	0.95%	0.90%
Cisco Systems Inc.CSCO	DFUS +0.05 points	0.61%	0.56%
Sandisk Corp/DeSNDK	DFUS +0.04 points	0.27%	0.23%
Nike Inc. Class BNKE	ITOT +0.04 points	0.02%	0.06%
Qualcomm Inc.QCOM	DFUS +0.04 points	0.28%	0.24%
Arista Networks IncANET	DFUS +0.04 points	0.28%	0.24%
Lam Research CorpLRCX	DFUS +0.04 points	0.45%	0.41%
Boston Scientific Corp.BSX	ITOT +0.04 points	0.04%	0.08%
Moderna IncMRNA	ITOT +0.04 points	0.07%	0.11%
Visa IncV	DFUS +0.04 points	1.00%	0.96%
Palo Alto Networks IncPANW	DFUS +0.03 points	0.44%	0.41%
Palantir Technologies IncPLTR	DFUS +0.03 points	0.61%	0.58%
Exxonmobil Holdings CorpXOM	DFUS +0.03 points	1.08%	1.05%
Texas Instruments Inc.TXN	DFUS +0.04 points	0.41%	0.37%
Servicenow IncNOW	ITOT +0.04 points	0.11%	0.15%
Marvell Technology IncMRVL	DFUS +0.04 points	0.27%	0.23%
Kla CorpKLAC	DFUS +0.03 points	0.31%	0.28%
Western DigitalWDC	DFUS +0.03 points	0.21%	0.18%
Caterpillar Inc.CAT	DFUS +0.03 points	0.42%	0.39%
Alphabet Inc - Class AGOOGL	DFUS +0.02 points	2.26%	2.24%
Chevron Corp.CVX	ITOT +0.03 points	0.60%	0.63%
General Electric CompanyGE	DFUS +0.02 points	0.45%	0.43%
Mastercard Inc - AMA	DFUS +0.03 points	0.73%	0.70%
Bank of America CorpBAC	DFUS +0.03 points	0.47%	0.44%
Ge Vernova LlcGEV	DFUS +0.03 points	0.34%	0.31%
Zoetis IncZTS	ITOT +0.02 points	0.02%	0.04%
Dell Technologies IncDELL	DFUS +0.03 points	0.20%	0.17%
Goldman Sachs Group Inc.GS	DFUS +0.03 points	0.38%	0.35%
AbbVie Inc.ABBV	DFUS +0.02 points	0.73%	0.71%
Crowdstrike Holdings IncCRWD	DFUS +0.02 points	0.37%	0.35%
Analog Devices Inc.ADI	DFUS +0.02 points	0.30%	0.28%
Seagate Technology HoldSTX	DFUS +0.02 points	0.22%	0.20%
Amphenol Corp Class AAPH	DFUS +0.02 points	0.29%	0.27%
Eaton Corp PLCETN	DFUS +0.02 points	0.22%	0.20%
Thermo Fisher Scientific.TMO	DFUS +0.02 points	0.37%	0.35%
BlackRock Funding Inc/DeBLK	DFUS +0.02 points	0.25%	0.23%
Fiserv Inc.FISV	ITOT +0.03 points	0.01%	0.04%
Citigroup Inc.C	DFUS +0.02 points	0.30%	0.28%
Wells Fargo & Co.WFC	DFUS +0.02 points	0.36%	0.34%
Eli Lilly and CompanyLLY	DFUS +0.03 points	1.57%	1.54%
UnitedHealth Group Inc.UNH	DFUS +0.02 points	0.52%	0.50%
Uber Technologies IncUBER	ITOT +0.02 points	0.16%	0.18%
Philip Morris IntlPM	DFUS +0.02 points	0.46%	0.44%
Procter & Gamble Co/ThePG	DFUS +0.02 points	0.53%	0.51%
Costco Wholesale Corp.COST	DFUS +0.02 points	0.63%	0.61%
Coreweave IncCRWV	ITOT +0.02 points	<0.01%	0.03%
Cadence Design SystemsCDNS	DFUS +0.02 points	0.14%	0.12%
Apple Inc.AAPL	DFUS +0.02 points	6.87%	6.85%
Coca Cola Co.KO	DFUS +0.01 points	0.51%	0.50%
Rtx CorpRTX	DFUS +0.01 points	0.38%	0.37%
Cloudflare IncNET	DFUS +0.02 points	0.14%	0.12%
Copart IncCPRT	ITOT +0.01 points	0.02%	0.03%
Danaher Corp.DHR	DFUS +0.01 points	0.21%	0.20%
Sunbelt Rentals HoldingsSUNB	ITOT +0.02 points	0.03%	0.05%
Echostar CorpECHO	ITOT +0.02 points	<0.01%	0.02%
Newmont CorpNEM	DFUS +0.02 points	0.17%	0.15%
Morgan StanleyMS	DFUS +0.01 points	0.31%	0.30%
Ionq IncIONQ	ITOT +0.02 points	<0.01%	0.02%
Roblox CorpRBLX	ITOT +0.02 points	0.02%	0.04%
Lumentum Holdings IncLITE	DFUS +0.02 points	0.12%	0.10%
Medtronic PLCMDT	DFUS +0.02 points	0.18%	0.16%
Home Depot IncHD	DFUS +0.01 points	0.46%	0.45%
Illumina IncILMN	DFUS +0.01 points	0.06%	0.05%
Johnson Controls IntlJCI	DFUS +0.02 points	0.14%	0.12%
Applovin CorpAPP	ITOT +0.01 points	0.07%	0.08%
Datadog IncDDOG	DFUS +0.01 points	0.12%	0.11%
Tractor Supply Co.TSCO	ITOT +0.01 points	0.01%	0.02%
T-Mobile Us IncTMUS	ITOT +0.01 points	0.09%	0.10%
Corning IncGLW	DFUS +0.02 points	0.15%	0.13%
Freeport-Mcmoran Inc.FCX	DFUS +0.02 points	0.14%	0.12%
American Express Co.AXP	DFUS +0.01 points	0.24%	0.23%
Hewlett-Packard EnterprisHPE	DFUS +0.01 points	0.11%	0.10%
Waste Management Inc.WM	DFUS +0.01 points	0.13%	0.12%
Merck & Company IncMRK	DFUS +0.02 points	0.52%	0.50%
Lululemon Athletica IncLULU	ITOT +0.02 points	<0.01%	0.02%
Equifax IncEFX	ITOT +0.01 points	0.02%	0.03%
Parker-Hannifin CorpPH	DFUS +0.02 points	0.17%	0.15%
Costar Group IncCSGP	ITOT +0.02 points	<0.01%	0.02%
Amgen IncAMGN	DFUS +0.02 points	0.36%	0.34%
Trane Technologies PLCTT	DFUS +0.02 points	0.14%	0.12%
Te Connectivity PLCTEL	DFUS +0.02 points	0.10%	0.08%
International Business MaIBM	DFUS +0.01 points	0.34%	0.33%
Fidelity National InfoFIS	ITOT +0.01 points	0.02%	0.03%
The Charles Schwab Corp.SCHW	DFUS +0.02 points	0.21%	0.19%
Netflix.com Inc.NFLX	ITOT +0.01 points	0.34%	0.35%
Snowflake IncSNOW	DFUS +0.02 points	0.16%	0.14%

All 2,471 DFUS holdings⁠All 2,442 ITOT 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.

DFUS vs ITOT Cost

Overpaying DFUS vs ITOT

$1,260

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

DFUS 0.09%
$1,898
ITOT 0.03%
$638

Amount$10,000

Years30 years

Cost over time

DFUS 0.09%
ITOT 0.03%
Overpaying

Year by year

Year	DFUS	ITOT	Overpaying
10	$165	$55	$110
20	$646	$216	$430
30	$1,898	$638	$1,260

Expense ratio

0.09%DFUS
0.03%ITOT, cheaper

ITOT0.03%DFUS0.09%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

ITOT 2nd cheapest of 10 funds

DFUS 7th cheapest of 10 funds

DFUS vs ITOT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFUS 0.88%; ITOT 1.02%, better
Payout (12M): DFUS $0.72; ITOT $1.69
Last payment: DFUS $0.20; ITOT $0.45
Ex-dividend: DFUS Sep 22, 2026; ITOT Sep 15, 2026
Paid on: DFUS Sep 24, 2026; ITOT Sep 18, 2026
Frequency: DFUS Quarterly; ITOT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFUSQuarterly · 22 paymentsAll DFUS payments⁠

ITOTQuarterly · 40 paymentsAll ITOT payments⁠

DFUS vs ITOT Risk

Fall from peak · 5 years

DFUS
ITOT

Risk facts

VolatilityStd dev, 3 years: DFUS 12.6%, betterITOT 12.7%
Return per unit of riskSharpe ratio, 3 years: DFUS 1.39, betterITOT 1.36
Worst fallMax drawdown, 5 years: DFUS −24.6%, betterITOT −25.4%
Market sensitivityBeta, 5 years: DFUS 1.02ITOT 1.02; Market = 1

DFUS and ITOT in the news

All news⁠

Best ETFs
The best S&P 500 ETF costs 0.02%. Equal weight is a different bet
Updated Nov 2, 2026ITOT
Head-to-Head
ITOT is the better U.S. stock fund than DFAC
Oct 26, 2026ITOT
Best ETFs
The cheap S&P 500 funds tied this year. Equal weight did not.
Updated Oct 2, 2026ITOT

Popular comparisons

DFUSBvsSCHBA
Dimensional U.S. Equity ETF · Schwab U.S. Broad Market ETF
Expense ratio
0.09% · 0.03%
Category
ITOTAvsSCHBA
iShares Core S&P Total U.S. Stock Market ETF · Schwab U.S. Broad Market ETF
Expense ratio
0.03% · 0.03%
Category
DFUSBvsSPTMA
Dimensional U.S. Equity ETF · State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
Expense ratio
0.09% · 0.03%
Category
ITOTAvsSPTMA
iShares Core S&P Total U.S. Stock Market ETF · State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
Expense ratio
0.03% · 0.03%
Category
DFUSBvsVTIA
Dimensional U.S. Equity ETF · Vanguard Morningstar Total Stock Market ETF
Expense ratio
0.09% · 0.03%
Category
ITOTAvsVTIA
iShares Core S&P Total U.S. Stock Market ETF · Vanguard Morningstar Total Stock Market ETF
Expense ratio
0.03% · 0.03%
Category

DFUS vs ITOT

In short

Stated mandate

Why people hold it