DFUS vs TSPA
Dimensional US Equity Market ETF vs T Rowe Price US Equity Research ETF
Which is better, DFUS or TSPA?
Nearly the same fund. DFUS costs less.
DFUS has a lower expense ratio. TSPA led over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. DFUS is less concentrated, with 35.2% of the fund in its ten largest positions against 38.1%.
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 | TSPA |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.34% |
| AUM | $21.6B | $4.7B |
| Dividend Yield | 0.87% | 0.55% |
| Holdings | 2,253 | 330 |
| YTD Return | +13.39%Best | +13.26% |
| 1Y Return | +17.12% | +17.33%Best |
| 3Y Return (annualized) | +22.25%Tie | +22.25%Tie |
| 5Y Return (annualized) | +12.82% | +13.59%Best |
| Volatility (annualized) | 15.5%Tie | 15.5%Tie |
| Max Drawdown | -24.6%Best | -24.7% |
| $10,000 over 5 years | $18,278 | $18,910Best |
| Top 10 Weight | 35.2%Best | 38.1% |
| Fund Family | Dimensional | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 25, 2001 | Jun 8, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jun 14, 2021 to Oct 14, 2026 (5.3 years).
DFUS vs TSPA 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 TSPA Performance
Dimensional US Equity Market ETF (DFUS) is an ETF from Dimensional and T Rowe Price US Equity Research ETF (TSPA) is an ETF from T.Rowe Price. Over the past year DFUS returned +17.12% while TSPA returned +17.33%. Year to date, DFUS is up 13.39% versus a gain of 13.26% for TSPA.
Over three years, DFUS compounded at +22.25% per year against +22.25% for TSPA; over five years the annualized figures are +12.82% and +13.59% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFUS and TSPA have been equally volatile, both at 15.5% annualized.
The deepest peak-to-trough decline in our data was -24.6% for DFUS and -24.7% for TSPA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. 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 TSPA charges 0.34%. On a $10,000 position that is $9 vs $34 annually, a gap of $25 per year that compounds over a long holding period. On income, DFUS currently yields 0.87% against 0.55% for TSPA.
Holdings Overlap
81.8% of DFUS's money is in holdings TSPA also owns. 97.0% of TSPA's money is in holdings DFUS also owns.
Most of TSPA is already inside DFUS. Owning both mostly buys the same companies twice.
299 positions in common, counted across the 2,226 positions we hold weights for in DFUS and 326 in TSPA, against full books of 2,253 and 330.
What only one of them owns
Our book lists 19 positions for TSPA that do not appear in our book for DFUS (1.8% of the fund), and 686 for DFUS that do not appear in TSPA (16.1%).
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 TSPA | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.11% | 8.18% | 1.07% |
| AAPLApple, Inc | 6.78% | 6.74% | 0.04% |
| MSFTMicrosoft Corp | 5.21% | 5.76% | 0.55% |
| AMZNAmazon.Com Inc | 3.56% | 3.93% | 0.37% |
| GOOGAlphabet Inc. C | 2.28% | 3.15% | 0.87% |
| GOOGLAlphabet Inc | 2.78% | 2.50% | 0.28% |
| AVGOBroadcom Inc | 2.38% | 2.64% | 0.26% |
| METAMeta Platforms Inc | 2.04% | 2.08% | 0.04% |
| MUMicron Technology, Inc. | 1.57% | 1.68% | 0.11% |
| TSLATesla Inc | 1.52% | 1.48% | 0.04% |
97.0% of TSPA is already inside DFUS.
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 TSPA?
DFUS has an expense ratio of 0.09% while TSPA charges 0.34%. DFUS is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, DFUS or TSPA?
Over the past year DFUS returned +17.12% vs +17.33% for TSPA, so TSPA leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFUS or TSPA?
DFUS and TSPA have been equally volatile, both at 15.5% annualized. Worst drawdown: DFUS -24.6% vs TSPA -24.7%.
Should I hold both DFUS and TSPA?
DFUS and TSPA have a monthly-return correlation of 1.00, 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 TSPA?
97.0% of TSPA's money is in holdings DFUS also owns. 97.0% of TSPA's is in holdings DFUS also owns. They hold 299 positions in common, counted across the 2,226 positions we hold weights for in DFUS and 326 in TSPA.
Which pays a higher dividend, DFUS or TSPA?
DFUS yields 0.87% while TSPA yields 0.55%, so DFUS currently pays the higher dividend yield.
Is TSPA better than DFUS?
DFUS has a lower expense ratio. TSPA led over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. DFUS is less concentrated, with 35.2% of the fund in its ten largest positions against 38.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.