DFUS vs PBUS overlap - what they share and where they differ

DFUS and PBUS share 85.7% of their weight across 469 common positions, read from what each fund reported to the SEC.

Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.

DFUS and PBUS

85.7%

469 shared positions

DFUS

Dimensional U.S. Equity Market ETF

Reported positions cover 99% of the fund, 1,032 positions · Apr 30, 2026

Top 10: 36.4%·Holdings of DFUS

PBUS

Invesco MSCI USA ETF

Reported positions cover 99% of the fund, 533 positions · May 31, 2026

Top 10: 39.6%·Holdings of PBUS

Reported positions cover DFUS 99%, PBUS 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

PBUS vs DFUS side by side

DFUSDimensional U.S. Equity Market ETF

1,032

stock positions reported to the SEC

11.4% of its weight is in 563 names PBUS does not hold

PBUSInvesco MSCI USA ETF

533

stock positions reported to the SEC

6.2% of its weight is in 64 names DFUS does not hold

Where each fund's weight sits

DFUS
PBUS
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Technology
44.5%
49.4%
Consumer Cyclical
11.3%
10.2%
Financial Services
10.5%
9.3%
Healthcare
8.7%
8.6%
Industrials
4.8%
3.8%

The widest gap is Technology: PBUS has 4.9 points more of it.

The figures side by side

DFUSPBUS
Filing dateApr 30, 2026May 31, 2026
Stock positions reported1,032533
Weight of the ten largest36.4%39.6%
Largest positionNVDA 7.0%NVDA 7.8%
Held alone563 positions, 11.4%64 positions, 6.2%
Covered by stock positions99%99%

Holdings they share

StockIn DFUSIn PBUSCounted
NVDANVIDIA CORPORATION6.96%7.77%6.96%
GOOGLALPHABET INC.6.04%6.12%6.04%
AAPLAPPLE INC.5.85%6.94%5.85%
MSFTMICROSOFT CORPORATION4.51%4.81%4.51%
AMZNAMAZON.COM, INC.3.83%3.94%3.83%
AVGOBROADCOM INC.2.89%3.05%2.89%
METAMETA PLATFORMS, INC.2.01%2.09%2.01%
TSLATESLA, INC.1.78%1.86%1.78%
JPMORGAN CHASE & CO.1.26%1.23%1.23%
LLYELI LILLY AND COMPANY1.12%1.34%1.12%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in DFUS

EXXON MOBIL CORPORATION0.97%
GENERAL ELECTRIC COMPANY0.46%
LINDE PUBLIC LIMITED COMPANY0.35%
TJXTHE TJX COMPANIES, INC.0.26%
EATON CORPORATION PUBLIC LIMITED COMPANY0.25%
SNDKSANDISK CORPORATION0.25%
SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY0.23%
LOWLOWE'S COMPANIES, INC.0.20%
MEDTRONIC PUBLIC LIMITED COMPANY0.16%
ACCENTURE PUBLIC LIMITED COMPANY0.15%

Only in PBUS

EXXON MOBIL CORP.0.93%
GENERAL ELECTRIC CO.0.52%
LINLinde PLC0.35%
STXSeagate Technology Holdings PLC0.29%
TJX COS., INC. (THE)0.26%
EATON CORP. PLC0.24%
WELLWelltower Inc.0.21%
PLDPrologis, Inc.0.20%
LOWE'S COS., INC.0.18%
ACNAccenture PLC0.17%

Questions people ask

Is DFUS the same as PBUS?

85.7% of their weight sits in the same 469 holdings. DFUS also reports EXXON MOBIL CORPORATION, GENERAL ELECTRIC COMPANY, LINDE PUBLIC LIMITED COMPANY, which the other does not. PBUS also reports EXXON MOBIL CORP., GENERAL ELECTRIC CO., LIN, which the other does not.

How is the overlap between DFUS and PBUS measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 99% of DFUS and 99% of PBUS, so the number cannot exceed the smaller coverage.

Which holds more, PBUS or DFUS?

DFUS reports 1,032 stock positions and PBUS reports 533. 11.4% of DFUS's weight sits in names PBUS does not hold, and 6.2% of PBUS's weight in names DFUS does not hold. The ten largest positions are 36.4% of DFUS and 39.6% of PBUS.

How do DFUS and PBUS differ by sector?

The widest gap is Technology: PBUS has 4.9 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.

Where do the numbers come from?

From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.

Other pairs with these funds

DFUS against other funds in the table

PBUS against other funds in the table

Add a third fund in the tool·All fund pairs

Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.