DLCU vs SPY
DFA US Large Company ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DLCU or SPY?
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 38.2%.
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 | DLCU | SPY |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.09% |
| AUM | $14.5B | $811.2B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 509 | 1,515 |
| YTD Return | +1.33% | +14.79%Best |
| 1Y Return | - | +18.62% |
| 3Y Return (annualized) | - | +23.21% |
| 5Y Return (annualized) | - | +13.92% |
| Top 10 Weight | 38.1%Best | 38.2% |
| Fund Family | Dimensional | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 4, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
DLCU vs SPY 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 SPY Performance
DFA US Large Company ETF (DLCU) is an ETF from Dimensional and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, DLCU is up 1.33% versus a gain of 14.79% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
DLCU charges 0.06% per year while SPY charges 0.09%. On a $10,000 position that is $6 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, DLCU currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
98.8% of DLCU's money is in holdings SPY also owns. 99.0% of SPY's money is in holdings DLCU also owns.
Most of SPY is already inside DLCU. Owning both mostly buys the same companies twice.
491 positions in common, counted across the 505 positions we hold weights for in DLCU and 504 in SPY, against full books of 509 and 1,515.
What only one of them owns
Our book lists 10 positions for SPY that do not appear in our book for DLCU (0.4% of the fund), and 6 for DLCU that do not appear in SPY (0.6%).
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 SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.98% | 7.78% | 0.20% |
| AAPLApple, Inc | 7.33% | 7.45% | 0.12% |
| MSFTMicrosoft Corp | 5.56% | 5.71% | 0.15% |
| AMZNAmazon.Com Inc | 3.81% | 3.78% | 0.03% |
| GOOGLAlphabet Inc,class A | 3.00% | 3.12% | 0.12% |
| AVGOBroadcom Inc | 2.60% | 2.48% | 0.12% |
| GOOGAlphabet Inc. C | 2.41% | 2.49% | 0.08% |
| METAMeta Platforms Inc | 2.16% | 2.22% | 0.06% |
| MUMicron Technology, Inc. | 1.66% | 1.59% | 0.07% |
| TSLATesla Inc | 1.56% | 1.54% | 0.02% |
99.0% of SPY 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 SPY?
DLCU has an expense ratio of 0.06% while SPY charges 0.09%. DLCU is the cheaper option, by $3 a year on a $10,000 investment.
What is the holdings overlap between DLCU and SPY?
99.0% of SPY's money is in holdings DLCU also owns. 99.0% of SPY's is in holdings DLCU also owns. They hold 491 positions in common, counted across the 505 positions we hold weights for in DLCU and 504 in SPY.
Which pays a higher dividend, DLCU or SPY?
DLCU yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY 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 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.