DFUS vs IQSU
Dimensional US Equity Market ETF vs NYLIM Candriam US Large Cap Equity ETF
Which is better, DFUS or IQSU?
Each has led over a different period.
DFUS led over 3Y, 5Y and the full window, IQSU over 1Y. The two have moved almost in lockstep, correlation 0.98. DFUS is less concentrated, with 33.8% of the fund in its ten largest positions against 42.1%.
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 | IQSU |
|---|---|---|
| Expense Ratio | 0.09%Tie | 0.09%Tie |
| AUM | $21.6B | $379M |
| Dividend Yield | 0.88% | 0.91% |
| Holdings | 2,231 | 810 |
| YTD Return | +11.44% | +14.32%Best |
| 1Y Return | +13.86% | +17.02%Best |
| 3Y Return (annualized) | +20.39%Best | +17.46% |
| 5Y Return (annualized) | +11.26%Best | +10.18% |
| Volatility (annualized) | 15.4%Best | 16.6% |
| Max Drawdown | -24.6%Best | -26.8% |
| $10,000 over 5 years | $17,049Best | $16,237 |
| Top 10 Weight | 33.8%Best | 42.1% |
| Fund Family | Dimensional | New York Life Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 25, 2001 | Dec 17, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Jun 14, 2021 to Nov 13, 2026 (5.4 years).
DFUS vs IQSU 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 5.4 years both funds cover.
DFUS vs IQSU Performance
Dimensional US Equity Market ETF (DFUS) is an ETF from Dimensional and NYLIM Candriam US Large Cap Equity ETF (IQSU) is an ETF from New York Life Investments. Over the past year DFUS returned +13.86% while IQSU returned +17.02%. Year to date, DFUS is up 11.44% versus a gain of 14.32% for IQSU.
Over three years, DFUS compounded at +20.39% per year against +17.46% for IQSU; over five years the annualized figures are +11.26% and +10.18% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IQSU has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 15.4% 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 -26.8% for IQSU. 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 IQSU charges 0.09%. On a $10,000 position that is $9 vs $9 annually. On income, DFUS currently yields 0.88% against 0.91% for IQSU.
Holdings Overlap
53.0% of DFUS's money is in holdings IQSU also owns. 95.7% of IQSU's money is in holdings DFUS also owns.
Most of IQSU is already inside DFUS. Owning both mostly buys the same companies twice.
243 positions in common, counted across the 2,207 positions we hold weights for in DFUS and 268 in IQSU, against full books of 2,231 and 810.
What only one of them owns
Our book lists 19 positions for IQSU that do not appear in our book for DFUS (3.4% of the fund), and 761 for DFUS that do not appear in IQSU (45.0%).
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 IQSU | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.81% | 10.96% | 4.15% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.27% | 5.62% | 0.35% |
| AMZNAmazon.Com Inc | 3.49% | 4.74% | 1.25% |
| GOOGLAlphabet Inc., Class A | 2.28% | 4.39% | 2.11% |
| GOOGAlphabet, Inc., Class C | 1.87% | 3.79% | 1.92% |
| TSLATesla Motors Inc | 1.74% | 3.73% | 1.99% |
| MUMicron Technology, Inc. | 1.38% | 2.88% | 1.50% |
| AMDAdvanced Micro Devices Inc. | 1.11% | 2.54% | 1.43% |
| VVisa Inc - Class A Shares | 1.06% | 1.98% | 0.92% |
| MAMastercard Inc | 0.77% | 1.45% | 0.68% |
95.7% of IQSU 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 IQSU?
DFUS has an expense ratio of 0.09% while IQSU charges 0.09%. At the precision these are quoted to, they cost the same.
Which performed better, DFUS or IQSU?
Over the past year DFUS returned +13.86% vs +17.02% for IQSU, so IQSU leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFUS or IQSU?
IQSU has been the more volatile fund at 16.6% annualized versus 15.4% for DFUS. Worst drawdown: DFUS -24.6% vs IQSU -26.8%.
Should I hold both DFUS and IQSU?
DFUS and IQSU 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 IQSU?
95.7% of IQSU's money is in holdings DFUS also owns. 95.7% of IQSU's is in holdings DFUS also owns. They hold 243 positions in common, counted across the 2,207 positions we hold weights for in DFUS and 268 in IQSU.
Which pays a higher dividend, DFUS or IQSU?
DFUS yields 0.88% while IQSU yields 0.91%, so IQSU currently pays the higher dividend yield.
Is IQSU better than DFUS?
DFUS led over 3Y, 5Y and the full window, IQSU over 1Y. The two have moved almost in lockstep, correlation 0.98. DFUS is less concentrated, with 33.8% of the fund in its ten largest positions against 42.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.