DIA vs. ^DWCF

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Dow Jones Industrial Average ETF (DIA) and Dow Jones U.S. Total Stock Market Index (^DWCF).

DIA is a passively managed fund by State Street that tracks the performance of the Dow Jones Industrial Average. It was launched on Jan 14, 1998.

Performance

DIA vs. ^DWCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Dow Jones Industrial Average ETF (DIA) and Dow Jones U.S. Total Stock Market Index (^DWCF). The values are adjusted to include any dividend payments, if applicable.

DIA vs. ^DWCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIA SPDR Dow Jones Industrial Average ETF	-2.78%	14.71%	14.82%	16.02%	-7.02%	20.83%	9.59%	24.70%	-3.74%	28.08%
^DWCF Dow Jones U.S. Total Stock Market Index	-3.60%	15.59%	22.21%	24.06%	-20.80%	24.01%	18.72%	28.42%	-7.04%	18.89%

Returns By Period

In the year-to-date period, DIA achieves a -2.78% return, which is significantly higher than ^DWCF's -3.60% return. Both investments have delivered pretty close results over the past 10 years, with DIA having a 12.28% annualized return and ^DWCF not far behind at 11.81%.

DIA

• 1D: 0.49%
• 1M: -4.64%
• YTD: -2.78%
• 6M: 1.02%
• 1Y: 12.67%
• 3Y*: 13.76%
• 5Y*: 8.92%
• 10Y*: 12.28%

^DWCF

• 1D: 0.71%
• 1M: -4.50%
• YTD: -3.60%
• 6M: -1.95%
• 1Y: 17.05%
• 3Y*: 16.52%
• 5Y*: 9.08%
• 10Y*: 11.81%

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

Return for Risk

DIA vs. ^DWCF — Risk / Return Rank

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

DIA

DIA Risk / Return Rank: 41
DIA Sharpe Ratio Rank: 38
DIA Sortino Ratio Rank: 40
DIA Omega Ratio Rank: 39
DIA Calmar Ratio Rank: 43
DIA Martin Ratio Rank: 44

^DWCF

^DWCF Risk / Return Rank: 64
^DWCF Sharpe Ratio Rank: 62
^DWCF Sortino Ratio Rank: 63
^DWCF Omega Ratio Rank: 64
^DWCF Calmar Ratio Rank: 58
^DWCF 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.

DIA vs. ^DWCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Industrial Average ETF (DIA) and Dow Jones U.S. Total Stock Market Index (^DWCF). 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.

	DIA	^DWCF	Difference
Sharpe ratio Return per unit of total volatility	0.76	0.92	-0.16
Sortino ratio Return per unit of downside risk	1.19	1.41	-0.22
Omega ratio Gain probability vs. loss probability	1.16	1.21	-0.05
Calmar ratio Return relative to maximum drawdown	1.17	1.41	-0.24
Martin ratio Return relative to average drawdown	4.26	6.57	-2.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIA vs. ^DWCF - Sharpe Ratio Comparison

The current DIA Sharpe Ratio is 0.76, which is comparable to the ^DWCF Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of DIA and ^DWCF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DIA	^DWCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.92	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.52	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.64	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.48	0.00

Correlation

The correlation between DIA and ^DWCF is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

DIA vs. ^DWCF - Drawdown Comparison

The maximum DIA drawdown since its inception was -51.87%, smaller than the maximum ^DWCF drawdown of -56.81%. Use the drawdown chart below to compare losses from any high point for DIA and ^DWCF.

Drawdown Indicators

	DIA	^DWCF	Difference
Max Drawdown Largest peak-to-trough decline	-51.87%	-56.81%	+4.94%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-12.44%	+1.65%
Max Drawdown (5Y) Largest decline over 5 years	-20.76%	-26.31%	+5.55%
Max Drawdown (10Y) Largest decline over 10 years	-36.70%	-35.14%	-1.56%
Current Drawdown Current decline from peak	-6.94%	-5.76%	-1.18%
Average Drawdown Average peak-to-trough decline	-7.17%	-10.34%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.67%	+0.28%

Volatility

DIA vs. ^DWCF - Volatility Comparison

The current volatility for SPDR Dow Jones Industrial Average ETF (DIA) is 4.94%, while Dow Jones U.S. Total Stock Market Index (^DWCF) has a volatility of 5.52%. This indicates that DIA experiences smaller price fluctuations and is considered to be less risky than ^DWCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIA	^DWCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	5.52%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	9.24%	9.87%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	16.81%	18.70%	-1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.73%	17.41%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	18.44%	-0.94%