DFUS vs SPTM: Grades, Fees and Holdings Compared

Dimensional U.S. Equity ETF

DFUSBNYSE Arca

State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF

SPTMANYSE Arca

Overlap

94.9%by weight

Expense ratio

SPTM −0.06pt a year

DFUS0.09%SPTM0.03%

Avg volume · 30D

DFUS 1.5×the volume

DFUS717KSPTM468K

5Y return · a year

DFUS +0.1pt

DFUS+11.7%SPTM+11.6%

DFUS vs SPTM Performance

Oct 29, 2021 – Oct 30, 2026

+73.9%DFUS+73.4%SPTM

Expense ratio: DFUS 0.09%; SPTM 0.03%, better
Fund size: DFUS $21.5B; SPTM $14.3B
1Y total return: DFUS +12.2%; SPTM +12.4%, better
Yield (12M): DFUS 0.88%; SPTM 1.07%, better
Holdings: DFUS 2225; SPTM 1511
Avg volume (30D): DFUS 717K sh, better; SPTM 468K sh
NAV per share: DFUS $82.40; SPTM $93.14
52W range

ETF.net Grade

Pillar letters and Scores for DFUS, SPTM, with each pillar’s weight
Pillar	DFUS	SPTM
Cost30% weight	C43	A75Higher
Mission25% weight	A100	A100
Risk15% weight	C50	B57Higher
Tradability15% weight	B69	B69
Holdings10% weight	B63Higher	C49
Durability5% weight	B64Higher	B63

Rank among Total US Market funds

How we build Categories ›

Same Category. DFUS and SPTM 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 ›

SPTM ranks 3rd 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 3ASPTMState Street SPDR Portfolio S&P 1500 Composite Stock Market ETFScore 74
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

DFUSBDimensional U.S. Equity ETF

SPTMAState Street SPDR Portfolio S&P 1500 Composite 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.

SPTM One ticker for the whole US market ladder: about 1,500 large, mid and small caps from S&P's composite index at 3 basis points. Running since 2000, at half the fee of the typical total-market rival.

Stated mandate

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

SPTM The fund seeks to provide investment results that generally correspond to the total return of the S&P Composite 1500 Index, offering broad U.S. equity exposure 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.

SPTM 0.03% a year, half the 0.06% median for total-market rivals. In a category where cost is most of the argument, it sits in the cheap tier.
One job, done plainly: large, mid and small cap US stocks in a single wrapper, about 1,500 names, no sector bets or style tilts, and it has tracked its index closely.
Launched in 2000, so it has traded through the dot-com bust, 2008 and 2020. A multi-billion-dollar fund that changes hands actively every day.
Stands in the upper half of its total-market peer group next to VTI, SCHB and ITOT, and matches ITOT's declared index at the same 0.03% fee.

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.

SPTM Liquidity is solid rather than category-leading. The largest total-market funds trade heavier, so spreads here can run a little wider on big or hurried orders.
US only. International stocks sit outside the mandate, so global exposure has to come from somewhere else in the portfolio.
Owning the whole US market means owning its drawdowns: no buffer, no hedge, no cash cushion. Cash comes back as a quarterly distribution.

Full DFUS profile⁠

Full SPTM profile⁠

DFUS vs SPTM Holdings

How DFUS and SPTM differ

Overlap by weight

94.9%

Shared holdings make up 97.4% of SPTM and 96.9% of DFUS.

Level by level

Holdings1,361 in both94.9%
Sector11 Sectors96.6%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in DFUS and SPTM, widest gap first
Sector	More in DFUSMore in SPTM	DFUS	SPTM
Technology	DFUS +2.2 points	39.0%	36.8%
Real Estate	SPTM +2.0 points	0.1%	2.1%
Communication	DFUS +1.2 points	9.6%	8.4%
Consumer Staples	SPTM +0.4 points	4.3%	4.7%
Industrials	SPTM +0.3 points	8.7%	9.0%
Consumer Discretionary	SPTM +0.2 points	9.0%	9.2%
Financials	SPTM +0.2 points	12.0%	12.2%
Health Care	SPTM +0.1 points	9.7%	9.8%
Energy	SPTM +0.2 points	3.7%	3.9%
Utilities	SPTM +0.1 points	1.9%	2.0%
Materials	SPTM +0.1 points	1.9%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in DFUS and SPTM, widest gap first
Country	More in DFUSMore in SPTM	DFUS	SPTM
United States	SPTM +0.1 points	99.4%	99.5%
Switzerland	DFUS +0.1 points	0.3%	0.2%
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%
SPTM34.5%

Securities held

DFUS2,224
SPTM1,508

Asset class

DFUS: Equity
SPTM: Equity

Holdings

Only in DFUS863
In both1,361
Only in SPTM147

Only in DFUS

863 securities, 2.8% of DFUS by weight

Snowflake Inc0.16%
Cloudflare Inc0.14%
Spotify Technology SA0.11%
Cheniere Energy Inc0.09%
Natera Inc0.09%
Crh PLC0.08%
Astera Labs Inc0.06%
Revolution Medicines Inc0.05%
Rocket Lab Corp0.04%
Mongodb Inc0.04%
Credo Technology Group Ho0.04%
Guardant Health Inc0.04%
Atlassian Corp PLC0.03%
Markel Group Inc0.03%
Zoom Communications Inc0.03%
Lpl Financial Holdings In0.03%
Rubrik Inc0.03%
Sunbelt Rentals Holdings0.03%
Sofi Technologies Inc0.03%
Zscaler Inc0.03%
Alnylam Pharmaceuticals I0.03%
Affirm Holdings Inc0.03%
Insmed Inc0.03%
Liberty Media Corp-C0.03%
Ftai Aviation Ltd0.03%
Rocket Cos Inc0.03%
First Citizens Bancshares0.03%
Southern Copper Corp0.03%
Heico Corp0.03%
Roblox Corp0.02%
Icon PLC0.02%
Unity Software Inc0.02%
SS&C Technologies0.02%
Wayfair Inc0.02%
James Hardie Industries P0.02%
Heico Corp0.02%
Samsara Inc0.02%
Tradeweb Markets Inc0.02%
Coupang Inc0.02%
Rivian Automotive Inc0.01%
Popular Inc0.01%
Vaxcyte Inc0.01%
Elastic NV0.01%
Qxo Inc0.01%
Oscar Health Inc0.01%
Hinge Health Inc0.01%
10X Genomics0.01%
Ast Spacemobile Inc0.01%
Xometry Inc0.01%
Jfrog Ltd0.01%

Only in SPTM

147 securities, 2.4% of SPTM by weight

Welltower Inc0.23%
Prologis Inc0.17%
Equinix Inc0.14%
American Tower Corp0.12%
Simon Property Group Inc0.09%
Digital Realty Trust Inc0.09%
Crh PLC0.08%
Public Storage0.08%
Realty Income Corp0.07%
Vivmark Residential0.06%
Ventas Inc0.06%
Crown Castle Inc0.06%
Iron Mountain Inc0.05%
Extra Space Storage Inc0.04%
Vici Properties Inc0.04%
Sba Communications Corp0.03%
Host Hotels & Resorts Inc0.03%
Essex Property Trust Inc0.02%
Kimco Realty Corp0.02%
Rb Global Inc0.02%
Invitation Homes Inc0.02%
Weyerhaeuser Co0.02%
Lamar Advertising Co A0.02%
Wp Carey Inc0.02%
Mid America Apartment Comm0.02%
Healthpeak Properties Inc0.02%
Sun Communities Inc0.02%
Regency Centers Corp0.02%
Bio Techne Corp0.02%
Omega Healthcare Investors0.02%
Glaukos Corp0.02%
Udr Inc0.02%
Equity Lifestyle Properties0.02%
Gaming and Leisure Propertie0.02%
Camden Property Trust0.01%
Agnc Investment Corp0.01%
American Homes 4 Rent A0.01%
Aes Corp0.01%
Cubesmart0.01%
American Healthcare Reit Inc0.01%
Annaly Capital Management In0.01%
Bxp Inc0.01%
Brixmor Property Group Inc0.01%
Eastgroup Properties Inc0.01%
Federal Realty Invs Trust0.01%
Rexford Industrial Realty In0.01%
Ryman Hospitality Properties0.01%
First Industrial Realty Tr0.01%
Nnn Reit Inc0.01%
Cytokinetics Inc0.01%

Weight gaps

The 100 widest of 1,361 Holdings in both funds.

Holding weights in DFUS and SPTM, widest gap first
Holding	More in DFUSMore in SPTM	DFUS	SPTM
NVIDIA CorpNVDA	SPTM +0.43 points	6.75%	7.18%
Apple Inc.AAPL	SPTM +0.21 points	6.87%	7.08%
Accenture PLCACN	SPTM +0.12 points	0.09%	0.21%
Tesla IncTSLA	DFUS +0.12 points	1.70%	1.58%
Microsoft CorpMSFT	SPTM +0.08 points	5.39%	5.47%
Intuit Inc.INTU	SPTM +0.05 points	0.07%	0.12%
Amazon.com Inc.AMZN	DFUS +0.05 points	3.38%	3.33%
Meta Platforms IncMETA	DFUS +0.05 points	1.96%	1.91%
Alphabet Inc - Class AGOOGL	SPTM +0.05 points	2.26%	2.31%
Nike Inc. Class BNKE	SPTM +0.05 points	0.02%	0.07%
Servicenow IncNOW	SPTM +0.05 points	0.11%	0.15%
Micron Technology Inc.MU	DFUS +0.04 points	1.51%	1.47%
Boston Scientific Corp.BSX	SPTM +0.04 points	0.04%	0.08%
Exxonmobil Holdings CorpXOM	DFUS +0.03 points	1.08%	1.05%
Eli Lilly and CompanyLLY	DFUS +0.04 points	1.57%	1.53%
Advanced Micro DevicesAMD	DFUS +0.03 points	1.32%	1.29%
JPMorgan Chase & CoJPM	DFUS +0.03 points	1.30%	1.27%
Berkshire Hathaway Cl-BBRK.B	DFUS +0.03 points	1.44%	1.41%
Chevron Corp.CVX	SPTM +0.04 points	0.60%	0.64%
Moderna IncMRNA	SPTM +0.04 points	0.07%	0.11%
Uber Technologies IncUBER	SPTM +0.03 points	0.16%	0.19%
Zoetis IncZTS	SPTM +0.03 points	0.02%	0.05%
Intel CorpINTC	SPTM +0.02 points	0.61%	0.63%
Applovin CorpAPP	SPTM +0.02 points	0.07%	0.09%
Visa IncV	DFUS +0.03 points	1.00%	0.97%
Fiserv Inc.FISV	SPTM +0.03 points	0.01%	0.04%
Johnson & JohnsonJNJ	DFUS +0.02 points	0.95%	0.93%
Oracle Corp.ORCL	SPTM +0.02 points	0.31%	0.33%
Coinbase Global IncCOIN	SPTM +0.02 points	0.03%	0.05%
Copart IncCPRT	SPTM +0.02 points	0.02%	0.04%
Cisco Systems Inc.CSCO	DFUS +0.02 points	0.61%	0.59%
Netflix.com Inc.NFLX	SPTM +0.02 points	0.34%	0.36%
Costco Wholesale Corp.COST	DFUS +0.02 points	0.63%	0.61%
AbbVie Inc.ABBV	DFUS +0.01 points	0.73%	0.72%
Coca Cola Co.KO	DFUS +0.01 points	0.51%	0.50%
Tractor Supply Co.TSCO	SPTM +0.02 points	0.01%	0.03%
Lululemon Athletica IncLULU	SPTM +0.02 points	<0.01%	0.02%
Procter & Gamble Co/ThePG	DFUS +0.01 points	0.53%	0.52%
Palo Alto Networks IncPANW	DFUS +0.01 points	0.44%	0.43%
Arista Networks IncANET	DFUS +0.01 points	0.28%	0.27%
Palantir Technologies IncPLTR	SPTM +0.02 points	0.61%	0.63%
Equifax IncEFX	SPTM +0.01 points	0.02%	0.03%
Mastercard Inc - AMA	DFUS +0.01 points	0.73%	0.72%
Fidelity National InfoFIS	SPTM +0.01 points	0.02%	0.03%
Godaddy IncGDDY	SPTM +0.01 points	<0.01%	0.02%
Costar Group IncCSGP	SPTM +0.02 points	<0.01%	0.02%
Walmart Inc.WMT	DFUS +0.01 points	0.75%	0.74%
Entergy CorpETR	DFUS +0.02 points	0.08%	0.06%
Texas Instruments Inc.TXN	DFUS +0.01 points	0.41%	0.40%
Ge Vernova LlcGEV	DFUS +0.01 points	0.34%	0.33%
Applied Materials Inc.AMAT	DFUS +0.01 points	0.48%	0.47%
Broadridge Financial SoluBR	SPTM +0.01 points	0.02%	0.03%
International PaperIP	SPTM +0.01 points	0.02%	0.03%
Merck & Company IncMRK	DFUS +0.02 points	0.52%	0.50%
Constellation Brands Inc.STZ	DFUS +0.02 points	0.04%	0.02%
Eversource EnergyES	DFUS +0.01 points	0.04%	0.03%
Umb Financial CorpUMBF	DFUS +0.01 points	0.02%	<0.01%
Gilead Sciences IncGILD	DFUS +0.01 points	0.29%	0.28%
Western DigitalWDC	DFUS +0.01 points	0.21%	0.20%
Philip Morris IntlPM	DFUS +0.01 points	0.46%	0.45%
Tyler Technologies Inc.TYL	SPTM +0.01 points	0.01%	0.02%
Citigroup Inc.C	DFUS +0.01 points	0.30%	0.29%
Echostar CorpECHO	SPTM +0.01 points	<0.01%	0.01%
New Linde PLCLIN	DFUS +0.01 points	0.33%	0.32%
Hubspot IncHUBS	SPTM +0.01 points	<0.01%	0.02%
Bank of America CorpBAC	DFUS +0.01 points	0.47%	0.46%
Brown & Brown IncBRO	SPTM +0.01 points	0.02%	0.03%
Wells Fargo & Co.WFC	DFUS +0.01 points	0.36%	0.35%
BlackRock Funding Inc/DeBLK	DFUS +0.01 points	0.25%	0.24%
Illinois Tool Works Inc.ITW	DFUS +0.01 points	0.11%	0.10%
ConocophillipsCOP	DFUS +0.01 points	0.26%	0.25%
Corcept Therapeutics IncCORT	SPTM +0.01 points	<0.01%	0.01%
Sm Energy CoSM	SPTM +0.01 points	<0.01%	0.01%
Xcel Energy IncXEL	DFUS +0.01 points	0.07%	0.06%
Amgen IncAMGN	DFUS +0.01 points	0.36%	0.35%
Target Corp.TGT	DFUS +0.01 points	0.10%	0.09%
Rtx CorpRTX	DFUS +0.01 points	0.38%	0.37%
Fair Isaac CorpFICO	SPTM +0.01 points	0.01%	0.02%
Garmin LtdGRMN	DFUS +0.01 points	0.07%	0.06%
Qualcomm Inc.QCOM	DFUS +0.01 points	0.28%	0.27%
Cooper Cos Inc/TheCOO	SPTM +0.01 points	<0.01%	0.02%
Workday Inc - AWDAY	SPTM +0.01 points	0.04%	0.05%
Insulet CorpPODD	SPTM +0.01 points	<0.01%	0.02%
Sitime CorpSITM	DFUS +0.01 points	0.02%	0.01%
Kla CorpKLAC	DFUS +0.01 points	0.31%	0.30%
Lyft IncLYFT	DFUS +0.01 points	<0.01%	<0.01%
Pentair PLCPNR	SPTM +0.01 points	<0.01%	0.02%
Waste Management Inc.WM	DFUS +0.01 points	0.13%	0.12%
Digitalocean Holdings IncDOCN	DFUS +0.01 points	0.02%	<0.01%
Caesars Entertainment IncCZR	SPTM +0.01 points	<0.01%	<0.01%
Verisk Analytics IncVRSK	SPTM +0.01 points	0.02%	0.03%
Becton Dickinson & CoBDX	DFUS +0.01 points	0.08%	0.07%
Broadcom IncAVGO	SPTM +0.01 points	2.27%	2.28%
Nextera Energy IncNEE	Same weight	0.24%	0.24%
Roper Technologies IncROP	SPTM +0.01 points	0.05%	0.06%
Nxp Semiconductors NVNXPI	DFUS +0.01 points	0.10%	0.09%
Cadence Design SystemsCDNS	DFUS +0.01 points	0.14%	0.13%
T-Mobile Us IncTMUS	SPTM +0.01 points	0.09%	0.10%
Macom Technology SolutionMTSI	DFUS +0.01 points	0.03%	0.02%
Adobe IncADBE	Same weight	0.14%	0.14%

All 2,471 DFUS holdings⁠All 1,510 SPTM 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 SPTM Cost

Overpaying DFUS vs SPTM

$1,260

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

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

Amount$10,000

Years30 years

Cost over time

DFUS 0.09%
SPTM 0.03%
Overpaying

Year by year

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

Expense ratio

0.09%DFUS
0.03%SPTM, cheaper

SPTM0.03%DFUS0.09%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

SPTM 2nd cheapest of 10 funds

DFUS 7th cheapest of 10 funds

DFUS vs SPTM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFUS 0.88%; SPTM 1.07%, better
Payout (12M): DFUS $0.72; SPTM $0.98
Last payment: DFUS $0.20; SPTM $0.25
Ex-dividend: DFUS Sep 22, 2026; SPTM Sep 21, 2026
Paid on: DFUS Sep 24, 2026; SPTM Sep 23, 2026
Frequency: DFUS Quarterly; SPTM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFUSQuarterly · 22 paymentsAll DFUS payments⁠

SPTMQuarterly · 39 paymentsAll SPTM payments⁠

DFUS vs SPTM Risk

Fall from peak · 5 years

DFUS
SPTM

Risk facts

VolatilityStd dev, 3 years: DFUS 12.6%SPTM 12.3%, better
Return per unit of riskSharpe ratio, 3 years: DFUS 1.39SPTM 1.39
Worst fallMax drawdown, 5 years: DFUS −24.6%SPTM −24.2%, better
Market sensitivityBeta, 5 years: DFUS 1.02SPTM 1.01; Market = 1

DFUS and SPTM 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, 2026SPTM

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DFUS vs SPTM

In short

Stated mandate

Why people hold it

Worth knowing

How DFUS and SPTM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFUS

Only in SPTM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best S&P 500 ETF costs 0.02%. Equal weight is a different bet

How DFUS and SPTM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFUS

Only in SPTM

Weight gaps