DIA vs. ^DWCF

Last updated Jun 4, 2026

DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) is Large Cap Blend Equities fund tracking the Dow Jones Industrial Average, while ^DWCF (Dow Jones U.S. Total Stock Market Index) is an index. Over the past 10 years, DIA returned 13.21%/yr vs 13.26%/yr for ^DWCF. Their correlation of 0.90 suggests significant overlap in exposure.

Performance

DIA vs. ^DWCF - Performance Comparison

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

Returns By Period

In the year-to-date period, DIA achieves a 6.26% return, which is significantly lower than ^DWCF's 11.53% return. Both investments have delivered pretty close results over the past 10 years, with DIA having a 13.21% annualized return and ^DWCF not far ahead at 13.26%.

DIA

• 1D: -1.13%
• 1M: 3.88%
• YTD: 6.26%
• 6M: 6.75%
• 1Y: 21.13%
• 3Y*: 16.45%
• 5Y*: 9.76%
• 10Y*: 13.21%

^DWCF

• 1D: 0.24%
• 1M: 5.68%
• YTD: 11.53%
• 6M: 11.31%
• 1Y: 27.58%
• 3Y*: 20.78%
• 5Y*: 11.49%
• 10Y*: 13.26%

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

DIA vs. ^DWCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	6.26%	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	11.53%	15.59%	22.21%	24.06%	-20.80%	24.01%	18.72%	28.42%	-7.04%	18.89%

Correlation

The correlation between DIA and ^DWCF is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 21, 1998	0.90

The correlation between DIA and ^DWCF has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

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: 48
DIA Sharpe Ratio Rank: 50
DIA Sortino Ratio Rank: 52
DIA Omega Ratio Rank: 49
DIA Calmar Ratio Rank: 43
DIA Martin Ratio Rank: 49

^DWCF

^DWCF Risk / Return Rank: 77
^DWCF Sharpe Ratio Rank: 75
^DWCF Sortino Ratio Rank: 76
^DWCF Omega Ratio Rank: 76
^DWCF Calmar Ratio Rank: 74
^DWCF Martin Ratio Rank: 85

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 State Street SPDR Dow Jones Industrial Average ETF Trust (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	1.76	2.33	-0.58
Sortino ratio: Return per unit of downside risk	2.57	3.18	-0.61
Omega ratio: Gain probability vs. loss probability	1.31	1.42	-0.11
Calmar ratio: Return relative to maximum drawdown	2.18	3.13	-0.96
Martin ratio: Return relative to average drawdown	8.42	14.22	-5.81
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 1.76, which is comparable to the ^DWCF Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of DIA and ^DWCF, 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

	DIA	^DWCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	2.33	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.66	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.72	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.50	-0.01

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	-9.76%	-9.12%	-0.64%
Max Drawdown (3Y) Largest decline over 3 years	-15.95%	-19.59%	+3.64%
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	-1.13%	0.00%	-1.13%
Average Drawdown Average peak-to-trough decline	-7.14%	-10.30%	+3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	2.01%	+0.51%

Volatility

DIA vs. ^DWCF - Volatility Comparison

State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) and Dow Jones U.S. Total Stock Market Index (^DWCF) have volatilities of 2.97% and 2.98%, 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

	DIA	^DWCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	2.98%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.28%	9.23%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	12.26%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	17.40%	-2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	18.46%	-0.93%

Frequently Asked Questions

Can I hold both DIA and ^DWCF in my portfolio?

DIA and ^DWCF have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIA or ^DWCF?

^DWCF has higher volatility (2.98%) compared to DIA (2.97%). In terms of maximum drawdown, DIA dropped -51.87% vs ^DWCF's -56.81%.

Which has better risk-adjusted returns?

^DWCF currently has the higher Sharpe Ratio (2.33 vs 1.76), 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.