DFUS vs VTI: Grades, Fees and Holdings Compared

Dimensional U.S. Equity ETF

DFUSBNYSE Arca

Vanguard Morningstar Total Stock Market ETF

VTIANYSE Arca

Overlap

92.0%by weight

Expense ratio

VTI −0.06pt a year

DFUS0.09%VTI0.03%

Avg volume · 30D

VTI 4.3×the volume

DFUS717KVTI3.06M

5Y return · a year

DFUS +0.7pt

DFUS+11.7%VTI+11.0%

DFUS vs VTI Performance

Oct 29, 2021 – Oct 30, 2026

+73.9%DFUS+68.2%VTI

Expense ratio: DFUS 0.09%; VTI 0.03%, better
Fund size: DFUS $21.5B; VTI $2.3T
1Y total return: DFUS +12.2%, better; VTI +12.0%
Yield (12M): DFUS 0.88%; VTI 1.06%, better
Holdings: DFUS 2225; VTI 3502
Avg volume (30D): DFUS 717K sh; VTI 3.06M sh, better
NAV per share: DFUS $82.40; VTI $371.51
52W range

ETF.net Grade

Pillar letters and Scores for DFUS, VTI, with each pillar’s weight
Pillar	DFUS	VTI
Cost30% weight	C43	A75Higher
Mission25% weight	A100	A100
Risk15% weight	C50	C50
Tradability15% weight	B69Higher	B59
Holdings10% weight	B63Higher	C54
Durability5% weight	B64	A87Higher

Rank among Total US Market funds

How we build Categories ›

Same Category. DFUS and VTI 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 ›

VTI ranks 4th 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

VTIAVanguard Morningstar Total 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.

VTI The whole US stock market in one ticker: roughly 3,600 names, from mega caps down to micro caps, for three basis points. Vanguard has run this portfolio in ETF form since 2001, and it's grown into one of the largest funds anywhere.

Stated mandate

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

VTI The fund aims to replicate the performance of a benchmark index that covers the entire U.S. stock market.

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.

VTI Costs 0.03% a year, half the 0.06% typical for its total-market peers.
About 3,600 holdings, so the small and micro caps an S&P 500 fund leaves out are already in the mix.vanguard.com
Tracks its total-market benchmark very closely and trades heavily, and it sits among the strongest implementations in its peer group.
The ETF is a share class of Vanguard's Total Stock Market Index Fund, sharing one portfolio with the mutual fund rather than running a separate copy.sec.gov

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.

VTI Market-cap weighted, so the biggest US companies drive the result and the thousands of small names at the bottom carry little weight.vanguard.com
All US, by design. Nothing outside the country comes with it.
ITOT and SCHB match the 0.03% fee and BBUS runs 0.02%, so rivals deliver similar whole-market exposure for the same or less.

Full DFUS profile⁠

Full VTI profile⁠

DFUS vs VTI Holdings

How DFUS and VTI differ

Overlap by weight

92.0%

Shared holdings make up 99.1% of DFUS and 96.2% of VTI.

Level by level

Holdings2,123 in both92.0%
Sector11 Sectors97.5%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in DFUS and VTI, widest gap first
Sector	More in DFUSMore in VTI	DFUS	VTI
Real Estate	VTI +2.1 points	0.1%	2.2%
Technology	DFUS +0.9 points	39.0%	38.1%
Financials	DFUS +0.5 points	12.0%	11.5%
Communication	DFUS +0.4 points	9.6%	9.2%
Consumer Discretionary	DFUS +0.3 points	9.0%	8.7%
Health Care	VTI +0.3 points	9.7%	10.0%
Energy	DFUS +0.1 points	3.7%	3.6%
Consumer Staples	DFUS +0.1 points	4.3%	4.2%
Industrials	VTI +0.1 points	8.7%	8.8%
Materials	DFUS +0.1 points	1.9%	1.8%
Utilities	Same weight	1.9%	1.9%

Country, concentration and asset class

Country by domicile

Country weights in DFUS and VTI, widest gap first
Country	More in DFUSMore in VTI	DFUS	VTI
United States	VTI +0.6 points	99.4%	100.0%
Other countries (9)	DFUS +0.6 points	0.6%	0.0%

Concentration

Weight in the 10 largest Holdings

DFUS34.0%
VTI34.7%

Securities held

DFUS2,224
VTI3,488

Asset class

DFUS: Equity
VTI: Equity

Holdings

Only in DFUS101
In both2,123
Only in VTI1,365

Only in DFUS

101 securities, 0.6% of DFUS by weight

Spotify Technology SA0.11%
Nxp Semiconductors NV0.10%
Crh PLC0.08%
Vylor Spinco0.07%
Amcor PLC0.03%
Southern Copper Corp0.03%
Icon PLC0.02%
Coupang Inc0.02%
Autoliv Inc0.01%
Grail Inc<0.01%
Msg Knickerbockers Corp<0.01%
Noble Corp PLC<0.01%
Globalfoundries Inc<0.01%
Marex Group Ltd<0.01%
Livanova PLC<0.01%
Garrett Motion Inc<0.01%
Scorpio Tankers Inc<0.01%
Copa Holdings SA<0.01%
Kulicke & Soffa Industrie<0.01%
Dht Holdings Inc<0.01%
Amdocs Ltd<0.01%
Banco Santander SA<0.01%
Onespaworld Holdings Ltd<0.01%
Sunococorp Llc<0.01%
Imax Corp<0.01%
Constellium SE<0.01%
Dorian Lpg Ltd<0.01%
Gigacloud Technology Inc<0.01%
Solaredge Technologies In<0.01%
Teekay Tankers Ltd<0.01%
Msg Rangers Corp<0.01%
Bank of Nt Butterfield &<0.01%
Waterbridge Infrastructur<0.01%
Nordic American Tankers L<0.01%
Perpetua Resources Corp<0.01%
National Energy Services<0.01%
Hamilton Insurance Group<0.01%
Kosmos Energy Ltd<0.01%
Sfl Corp Ltd<0.01%
Aurinia Pharmaceuticals I<0.01%
Adient PLC<0.01%
Dole PLC<0.01%
Pelagos Insurance Capital<0.01%
Borr Drilling Ltd<0.01%
Liberty Global Ltd<0.01%
Liberty Latin America Ltd<0.01%
Liberty Global Ltd<0.01%
Genco Shipping & Trading<0.01%
Ardmore Shipping Corp<0.01%
Birkenstock Holding PLC<0.01%

Only in VTI

1,365 securities, 3.8% of VTI by weight

Welltower Inc0.23%
SLCMT11420.21%
Prologis Inc0.17%
Equinix Inc0.14%
Space Exploration Technologies Corp0.12%
American Tower Corp0.10%
Warner Bros Discovery Inc0.10%
Digital Realty Trust Inc0.09%
Simon Property Group Inc0.08%
Strategy Inc0.08%
Crh PLC0.08%
Realty Income Corp0.07%
Public Storage0.07%
Vivmark Residential0.06%
Ventas Inc0.06%
Waste Connections Inc0.05%
Iron Mountain Inc0.04%
Crown Castle Inc0.04%
Extra Space Storage Inc0.04%
Berkshire Hathaway Inc0.04%
VICI Properties Inc0.03%
Medline Inc0.03%
Essex Property Trust Inc0.02%
SBA Communications Corp0.02%
BitMine Immersion Technologies Inc0.02%
Invitation Homes Inc0.02%
Host Hotels & Resorts Inc0.02%
RB Global Inc0.02%
Kimco Realty Corp0.02%
WP Carey Inc0.02%
Annaly Capital Management Inc0.02%
Omega Healthcare Investors Inc0.02%
Healthpeak Properties Inc0.02%
Weyerhaeuser Co0.02%
Mid-America Apartment Communities Inc0.02%
Sun Communities Inc0.02%
Regency Centers Corp0.02%
Twist Bioscience Corp0.02%
Lamar Advertising Co0.02%
Circle Internet Group Inc0.02%
American Healthcare REIT Inc0.02%
Bridgebio Pharma Inc0.02%
Bio-Techne Corp0.02%
Equity LifeStyle Properties Inc0.02%
UDR Inc0.01%
AGNC Investment Corp0.01%
EastGroup Properties Inc0.01%
AES Corp/The0.01%
Gaming and Leisure Properties Inc0.01%
Flutter Entertainment PLC0.01%

Weight gaps

The 100 widest of 2,123 Holdings in both funds.

Holding weights in DFUS and VTI, widest gap first
Holding	More in DFUSMore in VTI	DFUS	VTI
Alphabet Inc - Class AGOOGL	VTI +0.50 points	2.26%	2.76%
NVIDIA CorpNVDA	VTI +0.39 points	6.75%	7.14%
Tesla IncTSLA	DFUS +0.33 points	1.70%	1.37%
Alphabet IncGOOG	VTI +0.32 points	1.86%	2.18%
Apple Inc.AAPL	DFUS +0.24 points	6.87%	6.63%
Eli Lilly and CompanyLLY	DFUS +0.23 points	1.57%	1.34%
Berkshire Hathaway Cl-BBRK.B	DFUS +0.23 points	1.44%	1.21%
Meta Platforms IncMETA	VTI +0.22 points	1.96%	2.18%
Microsoft CorpMSFT	DFUS +0.19 points	5.39%	5.20%
Exxonmobil Holdings CorpXOM	DFUS +0.16 points	1.08%	0.92%
Visa IncV	DFUS +0.16 points	1.00%	0.84%
Mastercard Inc - AMA	DFUS +0.14 points	0.73%	0.59%
Walmart Inc.WMT	DFUS +0.13 points	0.75%	0.62%
Micron Technology Inc.MU	VTI +0.13 points	1.51%	1.64%
Intel CorpINTC	VTI +0.13 points	0.61%	0.74%
Lam Research CorpLRCX	VTI +0.11 points	0.45%	0.56%
JPMorgan Chase & CoJPM	DFUS +0.10 points	1.30%	1.20%
AbbVie Inc.ABBV	DFUS +0.10 points	0.73%	0.63%
Caterpillar Inc.CAT	VTI +0.09 points	0.42%	0.51%
Cisco Systems Inc.CSCO	DFUS +0.09 points	0.61%	0.52%
Amazon.com Inc.AMZN	DFUS +0.08 points	3.38%	3.30%
Chevron Corp.CVX	DFUS +0.08 points	0.60%	0.52%
Costco Wholesale Corp.COST	DFUS +0.08 points	0.63%	0.55%
Applied Materials Inc.AMAT	VTI +0.07 points	0.48%	0.55%
Johnson & JohnsonJNJ	DFUS +0.08 points	0.95%	0.87%
Servicenow IncNOW	VTI +0.08 points	0.11%	0.19%
Sandisk Corp/DeSNDK	VTI +0.08 points	0.27%	0.35%
Home Depot IncHD	DFUS +0.07 points	0.46%	0.39%
Procter & Gamble Co/ThePG	DFUS +0.07 points	0.53%	0.46%
UnitedHealth Group Inc.UNH	DFUS +0.07 points	0.52%	0.45%
Seagate Technology HoldSTX	VTI +0.07 points	0.22%	0.29%
Accenture PLCACN	VTI +0.06 points	0.09%	0.15%
International Business MaIBM	DFUS +0.06 points	0.34%	0.28%
Corteva IncCTVA	VTI +0.06 points	0.01%	0.07%
Texas Instruments Inc.TXN	DFUS +0.06 points	0.41%	0.35%
Coca Cola Co.KO	DFUS +0.06 points	0.51%	0.45%
Philip Morris IntlPM	DFUS +0.05 points	0.46%	0.41%
Netflix.com Inc.NFLX	VTI +0.06 points	0.34%	0.40%
Palantir Technologies IncPLTR	DFUS +0.05 points	0.61%	0.56%
ConocophillipsCOP	DFUS +0.05 points	0.26%	0.21%
Marvell Technology IncMRVL	VTI +0.05 points	0.27%	0.32%
Goldman Sachs Group Inc.GS	DFUS +0.05 points	0.38%	0.33%
BlackRock Funding Inc/DeBLK	DFUS +0.05 points	0.25%	0.20%
Amgen IncAMGN	DFUS +0.05 points	0.36%	0.31%
Applovin CorpAPP	VTI +0.04 points	0.07%	0.11%
S&P Global IncSPGI	DFUS +0.05 points	0.20%	0.15%
Advanced Micro DevicesAMD	VTI +0.04 points	1.32%	1.36%
Rtx CorpRTX	DFUS +0.04 points	0.38%	0.34%
Boston Scientific Corp.BSX	VTI +0.05 points	0.04%	0.09%
Gilead Sciences IncGILD	DFUS +0.04 points	0.29%	0.25%
Analog Devices Inc.ADI	DFUS +0.04 points	0.30%	0.26%
Nike Inc. Class BNKE	VTI +0.04 points	0.02%	0.06%
Coreweave IncCRWV	VTI +0.04 points	<0.01%	0.05%
Kla CorpKLAC	VTI +0.04 points	0.31%	0.35%
Union Pac Corp.UNP	DFUS +0.04 points	0.26%	0.22%
Intuit Inc.INTU	VTI +0.03 points	0.07%	0.10%
Wells Fargo & Co.WFC	DFUS +0.03 points	0.36%	0.33%
New Linde PLCLIN	DFUS +0.03 points	0.33%	0.30%
Mcdonald's Corp.MCD	DFUS +0.04 points	0.26%	0.22%
Thermo Fisher Scientific.TMO	DFUS +0.03 points	0.37%	0.34%
American Express Co.AXP	DFUS +0.03 points	0.24%	0.21%
Altria Group Inc.MO	DFUS +0.03 points	0.18%	0.15%
AT&T Inc.T	VTI +0.03 points	0.20%	0.23%
Nextera Energy IncNEE	DFUS +0.02 points	0.24%	0.22%
Fortinet IncFTNT	VTI +0.03 points	0.12%	0.15%
Medtronic PLCMDT	DFUS +0.03 points	0.18%	0.15%
Mckesson Corp.MCK	DFUS +0.02 points	0.16%	0.14%
Merck & Company IncMRK	DFUS +0.03 points	0.52%	0.49%
Chubb LimitedCB	DFUS +0.03 points	0.18%	0.15%
Starbucks CorpSBUX	DFUS +0.02 points	0.17%	0.15%
Eog Resources Inc.EOG	DFUS +0.02 points	0.12%	0.10%
Progressive CorpPGR	DFUS +0.02 points	0.19%	0.17%
Lockheed Martin Corp.LMT	DFUS +0.02 points	0.18%	0.16%
Pepsico Inc.PEP	DFUS +0.02 points	0.26%	0.24%
United Rentals Inc.URI	DFUS +0.02 points	0.11%	0.09%
Robinhood Markets IncHOOD	VTI +0.02 points	0.10%	0.12%
Cme Group Inc.CME	DFUS +0.02 points	0.15%	0.13%
Bank of America CorpBAC	VTI +0.02 points	0.47%	0.49%
Marsh & Mclennan Cos IncMRSH	DFUS +0.02 points	0.13%	0.11%
Lowe's Cos IncLOW	DFUS +0.02 points	0.16%	0.14%
Tjx Companies Inc.TJX	DFUS +0.02 points	0.22%	0.20%
Intuitive Surgical Inc.ISRG	DFUS +0.02 points	0.22%	0.20%
The Southern CompanySO	DFUS +0.02 points	0.15%	0.13%
Royal Caribbean CruisesRCL	DFUS +0.02 points	0.11%	0.09%
Marathon Petroleum Corp.MPC	DFUS +0.02 points	0.17%	0.15%
Danaher Corp.DHR	DFUS +0.02 points	0.21%	0.19%
Ionq IncIONQ	VTI +0.02 points	<0.01%	0.02%
Pfizer Inc.PFE	DFUS +0.02 points	0.24%	0.22%
Hca Healthcare IncHCA	DFUS +0.02 points	0.10%	0.08%
Marriott Intl Class AMAR	DFUS +0.02 points	0.12%	0.10%
Uber Technologies IncUBER	VTI +0.02 points	0.16%	0.18%
Abbott LaboratoriesABT	DFUS +0.02 points	0.25%	0.23%
Csx CorpCSX	DFUS +0.02 points	0.14%	0.12%
Coinbase Global IncCOIN	VTI +0.02 points	0.03%	0.05%
Teradyne Inc.TER	VTI +0.02 points	0.07%	0.09%
Crowdstrike Holdings IncCRWD	DFUS +0.02 points	0.37%	0.35%
Moderna IncMRNA	VTI +0.02 points	0.07%	0.09%
Hilton Worldwide HoldHLT	DFUS +0.02 points	0.12%	0.10%
Waste Management Inc.WM	DFUS +0.02 points	0.13%	0.11%
Duke Energy Corp.DUK	DFUS +0.02 points	0.14%	0.12%

All 2,471 DFUS holdings⁠All 3,598 VTI 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 VTI Cost

Overpaying DFUS vs VTI

$1,260

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

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

Amount$10,000

Years30 years

Cost over time

DFUS 0.09%
VTI 0.03%
Overpaying

Year by year

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

Expense ratio

0.09%DFUS
0.03%VTI, cheaper

VTI0.03%DFUS0.09%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

VTI 2nd cheapest of 10 funds

DFUS 7th cheapest of 10 funds

DFUS vs VTI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFUS 0.88%; VTI 1.06%, better
Payout (12M): DFUS $0.72; VTI $3.95
Last payment: DFUS $0.20; VTI $0.96
Ex-dividend: DFUS Sep 22, 2026; VTI Sep 28, 2026
Paid on: DFUS Sep 24, 2026; VTI Sep 30, 2026
Frequency: DFUS Quarterly; VTI Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFUSQuarterly · 22 paymentsAll DFUS payments⁠

VTIQuarterly · 39 paymentsAll VTI payments⁠

DFUS vs VTI Risk

Fall from peak · 5 years

DFUS
VTI

Risk facts

VolatilityStd dev, 3 years: DFUS 12.6%, betterVTI 12.7%
Return per unit of riskSharpe ratio, 3 years: DFUS 1.39, betterVTI 1.37
Worst fallMax drawdown, 5 years: DFUS −24.6%, betterVTI −25.4%
Market sensitivityBeta, 5 years: DFUS 1.02VTI 1.02; Market = 1

DFUS and VTI in the news

All news⁠

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Updated Nov 2, 2026VTI
Head-to-Head
Take VTI over VOO unless you already own the rest of the market
Oct 23, 2026VTI
Head-to-Head
Own the world's stocks with VT, or only the United States with VTI
Oct 23, 2026VTI
Deep Dive
VTI tracks the total U.S. stock market - large caps are 69.8% of it
Oct 22, 2026VTI
Head-to-Head
VTI or VOO is a choice of market, not a choice of fee
Oct 15, 2026VTI
Price vs Value
Vanguard showed a 1.94% discount on an energy fund that closed two cents above its value
Oct 4, 2026VTI

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DFUS vs VTI

In short

Stated mandate

Why people hold it