DLCU vs FMCX
DFA US Large Company ETF vs FM Focus Equity ETF
Which is better, DLCU or FMCX?
DLCU costs less.
DLCU has a lower expense ratio. DLCU is less concentrated, with 38.1% of the fund in its ten largest positions against 54.3%.
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 | DLCU | FMCX |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.72% |
| AUM | $14.7B | $118M |
| Dividend Yield | 0.17% | 0.29% |
| Holdings | 509 | 32 |
| YTD Return | +0.04% | +5.03%Best |
| 1Y Return | - | +3.97% |
| 3Y Return (annualized) | - | +15.01% |
| Top 10 Weight | 38.1%Best | 54.3% |
| Fund Family | Dimensional | First Manhattan |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 4, 2026 | Apr 22, 2022 |
Not shown on this pair: 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
DLCU vs FMCX 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
DLCU vs FMCX Performance
DFA US Large Company ETF (DLCU) is an ETF from Dimensional and FM Focus Equity ETF (FMCX) is an ETF from First Manhattan. Year to date, DLCU is up 0.04% versus a gain of 5.03% for FMCX.
Past performance does not guarantee future results.
Fees and Cost Over Time
DLCU charges 0.06% per year while FMCX charges 0.72%. On a $10,000 position that is $6 vs $72 annually, a gap of $66 per year that compounds over a long holding period. On income, DLCU currently yields 0.17% against 0.29% for FMCX.
Holdings Overlap
34.0% of DLCU's money is in holdings FMCX also owns. 81.7% of FMCX's money is in holdings DLCU also owns.
Most of FMCX is already inside DLCU. Owning both mostly buys the same companies twice.
The two holdings books were reported 107 days apart, DLCU as of Sep 15, 2026 and FMCX as of May 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
27 positions in common, counted across the 505 positions we hold weights for in DLCU and 32 in FMCX, against full books of 509 and 32.
What only one of them owns
Our book lists 3 positions for FMCX that do not appear in our book for DLCU (15.1% of the fund), and 466 for DLCU that do not appear in FMCX (65.2%).
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 DLCU | Weight in FMCX | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.56% | 6.63% | 1.07% |
| NVDANvidia Corp | 7.98% | 1.93% | 6.05% |
| AMZNAmazon.Com Inc | 3.81% | 4.87% | 1.06% |
| AVGOBroadcom Inc | 2.60% | 3.83% | 1.23% |
| GEGeneral Electric Co. | 0.51% | 5.69% | 5.18% |
| INTCIntel Corporation | 0.77% | 5.38% | 4.61% |
| KKRKkr & Co. Inc. Class a | 0.11% | 5.21% | 5.10% |
| HONHoneywell International Inc | 0.10% | 4.41% | 4.31% |
| GOOGAlphabet Inc. C | 2.41% | 1.61% | 0.80% |
| METAMeta Platforms Inc | 2.16% | 1.79% | 0.37% |
81.7% of FMCX is already inside DLCU.
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, DLCU or FMCX?
DLCU has an expense ratio of 0.06% while FMCX charges 0.72%. DLCU is the cheaper option, by $66 a year on a $10,000 investment.
What is the holdings overlap between DLCU and FMCX?
81.7% of FMCX's money is in holdings DLCU also owns. 81.7% of FMCX's is in holdings DLCU also owns. They hold 27 positions in common, counted across the 505 positions we hold weights for in DLCU and 32 in FMCX.
Which pays a higher dividend, DLCU or FMCX?
DLCU yields 0.17% while FMCX yields 0.29%, so FMCX currently pays the higher dividend yield.
Is FMCX better than DLCU?
DLCU has a lower expense ratio. DLCU is less concentrated, with 38.1% of the fund in its ten largest positions against 54.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.