DFUS vs. ITOT

Last updated Jun 4, 2026

DFUS (Dimensional U.S. Equity Market ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds. DFUS is actively managed, while ITOT is passively managed. Over the past 3 years, DFUS returned 22.42%/yr vs 22.09%/yr for ITOT. With a 1.00 correlation, they move nearly in lockstep. DFUS charges 0.09%/yr vs 0.03%/yr for ITOT.

Performance

DFUS vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional U.S. Equity Market ETF (DFUS) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with DFUS at 11.25% and ITOT at 11.25%.

DFUS

• 1D: -0.66%
• 1M: 5.24%
• YTD: 11.25%
• 6M: 11.19%
• 1Y: 28.63%
• 3Y*: 22.42%
• 5Y*: —
• 10Y*: —

ITOT

• 1D: -0.73%
• 1M: 5.01%
• YTD: 11.25%
• 6M: 11.12%
• 1Y: 28.12%
• 3Y*: 22.09%
• 5Y*: 12.69%
• 10Y*: 15.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFUS vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DFUS Dimensional U.S. Equity Market ETF	11.25%	17.46%	24.34%	26.36%	-18.34%	11.90%
ITOT iShares Core S&P Total U.S. Stock Market ETF	11.25%	17.00%	23.80%	26.12%	-19.47%	10.08%

Correlation

The correlation between DFUS and ITOT is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021	1.00

The correlation between DFUS and ITOT has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

DFUS vs. ITOT - Sectors Allocation Comparison

Sectors	DFUS	ITOT
Communication Services	23.5%	10.3%
Financial Services	20.2%	12.1%
Technology	17.4%	33.8%
Consumer Cyclical	13.0%	10.1%
Industrials	9.5%	9.5%
Energy	5.3%	3.7%
Healthcare	4.1%	9.0%
Utilities	3.0%	2.3%
Consumer Defensive	2.6%	4.7%
Basic Materials	1.1%	2.1%
Real Estate	0.0%	2.4%

Return for Risk

DFUS vs. ITOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFUS

DFUS Risk / Return Rank: 69
DFUS Sharpe Ratio Rank: 70
DFUS Sortino Ratio Rank: 69
DFUS Omega Ratio Rank: 69
DFUS Calmar Ratio Rank: 63
DFUS Martin Ratio Rank: 75

ITOT

ITOT Risk / Return Rank: 68
ITOT Sharpe Ratio Rank: 69
ITOT Sortino Ratio Rank: 68
ITOT Omega Ratio Rank: 67
ITOT Calmar Ratio Rank: 63
ITOT Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFUS vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional U.S. Equity Market ETF (DFUS) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DFUS	ITOT	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.32	+0.04
Sortino ratio: Return per unit of downside risk	3.22	3.17	+0.05
Omega ratio: Gain probability vs. loss probability	1.42	1.42	+0.01
Calmar ratio: Return relative to maximum drawdown	3.21	3.17	+0.03
Martin ratio: Return relative to average drawdown	14.70	14.57	+0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFUS vs. ITOT - Sharpe Ratio Comparison

The current DFUS Sharpe Ratio is 2.35, which is comparable to the ITOT Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of DFUS and ITOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFUS	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.32	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.57	+0.21

Drawdowns

DFUS vs. ITOT - Drawdown Comparison

The maximum DFUS drawdown since its inception was -24.62%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for DFUS and ITOT.

Drawdown Indicators

	DFUS	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-24.62%	-55.20%	+30.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-8.90%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	-19.44%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-0.66%	-0.73%	+0.07%
Average Drawdown Average peak-to-trough decline	-5.82%	-6.97%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.94%	+0.01%

Volatility

DFUS vs. ITOT - Volatility Comparison

Dimensional U.S. Equity Market ETF (DFUS) and iShares Core S&P Total U.S. Stock Market ETF (ITOT) have volatilities of 3.07% and 2.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFUS	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	2.99%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	9.18%	9.13%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.23%	12.20%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	17.36%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	18.26%	-1.05%

DFUS vs. ITOT - Expense Ratio Comparison

DFUS has a 0.09% expense ratio, which is higher than ITOT's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DFUS vs. ITOT - Dividend Comparison

DFUS's dividend yield for the trailing twelve months is around 0.83%, less than ITOT's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFUS Dimensional U.S. Equity Market ETF	0.83%	0.88%	1.04%	1.33%	1.48%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ITOT iShares Core S&P Total U.S. Stock Market ETF	0.98%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Frequently Asked Questions

Can I hold both DFUS and ITOT in my portfolio?

With a correlation of 1.00, DFUS and ITOT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DFUS or ITOT?

DFUS has higher volatility (3.07%) compared to ITOT (2.99%). In terms of maximum drawdown, DFUS dropped -24.62% vs ITOT's -55.20%.

Which ETF is better, DFUS or ITOT?

On 3-year performance, DFUS leads with 22.42% vs 22.09% for ITOT. On fees, ITOT is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFUS or ITOT?

Over the 3-year period, DFUS has performed better with a 22.42% return vs 22.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFUS or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.09% for DFUS.

Which ETF pays a higher dividend yield, DFUS or ITOT?

ITOT has the higher dividend yield at 0.98%, compared with 0.83% for DFUS.

What is the main difference between DFUS and ITOT?

They also come from different issuers: Dimensional and iShares. Their fees differ too: 0.09% for DFUS and 0.03% for ITOT.

Which has better risk-adjusted returns?

DFUS currently has the higher Sharpe Ratio (2.35 vs 2.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.