DLCU vs SPY

DLCU vs SPY
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Quick Verdict

DLCU has a lower expense ratio.

Lower Fees: DLCUHigher Returns: TiedMore Diversified: Tied

Side-by-Side Comparison

MetricDLCUSPYWinner
Expense Ratio0.06%0.09%
AUM$14.7B$814.4B
Dividend Yield-1.01%
Holdings505505
YTD Return-0.44%+12.87%
1Y Return-+21.13%
3Y Return (annualized)-+20.86%
5Y Return (annualized)-+12.69%
Volatility (annualized)-15.3%
Max Drawdown-1.9%-56.5%
Fund FamilyDimensionalState Street Investment Management
CategoryEquityEquity
InceptionAug 4, 2026Jan 22, 1993

DLCU vs SPY Performance

DFA US Large Company ETF (DLCU) is a ETF from Dimensional and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, DLCU is down 0.44% versus a gain of 12.87% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -1.9% for DLCU and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

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.

Holdings Overlap

93.0%overlap

DLCU and SPY share 486 holdings out of 523 unique holdings combined, representing a 93.0% weight overlap.

High overlap means holding both may not provide much additional diversification.

Top Shared Holdings

StockWeight in DLCUWeight in SPYDifference
NVDA7.37%7.71%0.34%
AAPL6.46%6.83%0.37%
MSFT4.22%5.50%1.28%
AMZNProProPro
GOOGLProProPro
AVGOProProPro
GOOGProProPro
METAProProPro
MUProProPro
TSLAProProPro
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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. On a $10,000 investment, that is $3 per year of difference.

What is the holdings overlap between DLCU and SPY?

DLCU and SPY share 486 common holdings with a 93.0% weight overlap. Combined, they hold 523 unique securities.

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