DFUS vs TILT
Dimensional US Equity Market ETF vs Northern Trust Morningstar US Market Factor Tilt ETF
Which is better, DFUS or TILT?
Nearly the same fund. DFUS costs less.
DFUS has a lower expense ratio. DFUS led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. TILT is less concentrated, with 27.1% of the fund in its ten largest positions against 35.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DFUS | TILT |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.25% |
| AUM | $21.6B | $2.2B |
| Dividend Yield | 0.87% | 1.08% |
| Holdings | 2,253 | 1,929 |
| YTD Return | +13.39%Best | +11.74% |
| 1Y Return | +17.12%Best | +15.61% |
| 3Y Return (annualized) | +22.25%Best | +20.41% |
| 5Y Return (annualized) | +12.82%Best | +11.12% |
| Volatility (annualized) | 15.5%Best | 15.9% |
| Max Drawdown | -24.6% | -24.1%Best |
| $10,000 over 5 years | $18,278Best | $16,942 |
| Top 10 Weight | 35.2% | 27.1%Best |
| Fund Family | Dimensional | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 25, 2001 | Sep 16, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jun 14, 2021 to Oct 14, 2026 (5.3 years).
DFUS vs TILT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.3 years both funds cover.
DFUS vs TILT Performance
Dimensional US Equity Market ETF (DFUS) is an ETF from Dimensional and Northern Trust Morningstar US Market Factor Tilt ETF (TILT) is an ETF from Northern Trust Asset Management. Over the past year DFUS returned +17.12% while TILT returned +15.61%. Year to date, DFUS is up 13.39% versus a gain of 11.74% for TILT.
Over three years, DFUS compounded at +22.25% per year against +20.41% for TILT; over five years the annualized figures are +12.82% and +11.12% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TILT has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 15.5% for DFUS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.6% for DFUS and -24.1% for TILT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DFUS charges 0.09% per year while TILT charges 0.25%. On a $10,000 position that is $9 vs $25 annually, a gap of $16 per year that compounds over a long holding period. On income, DFUS currently yields 0.87% against 1.08% for TILT.
Holdings Overlap
97.9% of DFUS's money is in holdings TILT also owns. 95.2% of TILT's money is in holdings DFUS also owns.
Most of DFUS is already inside TILT. Owning both mostly buys the same companies twice.
1,604 positions in common, counted across the 2,226 positions we hold weights for in DFUS and 1,904 in TILT, against full books of 2,253 and 1,929.
What only one of them owns
Our book lists 189 positions for TILT that do not appear in our book for DFUS (4.2% of the fund), and 12 for DFUS that do not appear in TILT (0.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DFUS | Weight in TILT | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.11% | 5.56% | 1.55% |
| AAPLApple, Inc | 6.78% | 4.98% | 1.80% |
| MSFTMicrosoft Corp | 5.21% | 3.93% | 1.28% |
| AMZNAmazon.Com Inc | 3.56% | 2.53% | 1.03% |
| GOOGLAlphabet Inc | 2.78% | 2.04% | 0.74% |
| METAMeta Platforms Inc | 2.04% | 2.04% | 0.00% |
| AVGOBroadcom Inc | 2.38% | 1.66% | 0.72% |
| GOOGAlphabet Inc. C | 2.28% | 1.64% | 0.64% |
| MUMicron Technology, Inc. | 1.57% | 1.58% | 0.01% |
| TSLATesla Inc | 1.52% | 1.03% | 0.49% |
97.9% of DFUS is already inside TILT.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DFUS or TILT?
DFUS has an expense ratio of 0.09% while TILT charges 0.25%. DFUS is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, DFUS or TILT?
Over the past year DFUS returned +17.12% vs +15.61% for TILT, so DFUS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFUS or TILT?
TILT has been the more volatile fund at 15.9% annualized versus 15.5% for DFUS. Worst drawdown: DFUS -24.6% vs TILT -24.1%.
Should I hold both DFUS and TILT?
DFUS and TILT have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DFUS and TILT?
97.9% of DFUS's money is in holdings TILT also owns. 95.2% of TILT's is in holdings DFUS also owns. They hold 1,604 positions in common, counted across the 2,226 positions we hold weights for in DFUS and 1,904 in TILT.
Which pays a higher dividend, DFUS or TILT?
DFUS yields 0.87% while TILT yields 1.08%, so TILT currently pays the higher dividend yield.
Is TILT better than DFUS?
DFUS has a lower expense ratio. DFUS led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. TILT is less concentrated, with 27.1% of the fund in its ten largest positions against 35.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.