DIA vs. CNAV
DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) and CNAV (Mohr Company Nav ETF) are both Large Cap Blend Equities funds. DIA is passively managed, while CNAV is actively managed. Over the past year, DIA returned 21.13% vs 72.64% for CNAV. A 0.64 correlation means they provide meaningful diversification when combined. DIA charges 0.16%/yr vs 1.31%/yr for CNAV.
Performance
DIA vs. CNAV - Performance Comparison
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Returns By Period
In the year-to-date period, DIA achieves a 6.26% return, which is significantly lower than CNAV's 47.26% return.
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%
CNAV
- 1D
- 1.11%
- 1M
- 21.60%
- YTD
- 47.26%
- 6M
- 48.02%
- 1Y
- 72.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIA vs. CNAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 6.26% | 14.71% | 1.34% |
CNAV Mohr Company Nav ETF | 47.26% | 16.80% | 6.34% |
Correlation
The correlation between DIA and CNAV is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024 | 0.64 |
The correlation between DIA and CNAV has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
DIA vs. CNAV — Risk / Return Rank
DIA
CNAV
DIA vs. CNAV - 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 Mohr Company Nav ETF (CNAV). 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 | CNAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.48 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 5.63 | -3.45 |
| Martin ratioReturn relative to average drawdown | 8.42 | 24.09 | -15.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DIA | CNAV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 2.91 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.62 | -1.13 |
Drawdowns
DIA vs. CNAV - Drawdown Comparison
The maximum DIA drawdown since its inception was -51.87%, which is greater than CNAV's maximum drawdown of -30.06%. Use the drawdown chart below to compare losses from any high point for DIA and CNAV.
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Drawdown Indicators
| DIA | CNAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.87% | -30.06% | -21.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.76% | -12.97% | +3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.70% | — | — |
Current DrawdownCurrent decline from peak | -1.13% | 0.00% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -5.42% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 3.02% | -0.50% |
Volatility
DIA vs. CNAV - Volatility Comparison
The current volatility for State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) is 2.97%, while Mohr Company Nav ETF (CNAV) has a volatility of 12.28%. This indicates that DIA experiences smaller price fluctuations and is considered to be less risky than CNAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIA | CNAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 12.28% | -9.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 21.02% | -11.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 25.08% | -12.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 27.16% | -12.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.53% | 27.16% | -9.63% |
DIA vs. CNAV - Expense Ratio Comparison
DIA has a 0.16% expense ratio, which is lower than CNAV's 1.31% expense ratio.
Dividends
DIA vs. CNAV - Dividend Comparison
DIA's dividend yield for the trailing twelve months is around 1.38%, while CNAV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNAV Mohr Company Nav ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 1.38% | 1.43% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 1.85% | 2.24% | 1.97% | 2.26% | 2.33% |
Frequently Asked Questions
DIA and CNAV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNAV has higher volatility (12.28%) compared to DIA (2.97%). In terms of maximum drawdown, DIA dropped -51.87% vs CNAV's -30.06%.
On 1-year performance, CNAV leads with 72.64% vs 21.13% for DIA. On fees, DIA is cheaper at 0.16% per year. On volatility, DIA has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CNAV has performed better with a 72.64% return vs 21.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIA is cheaper with a 0.16% expense ratio, compared with 1.31% for CNAV.
DIA has the higher dividend yield at 1.38%, compared with 0.00% for CNAV.
They also come from different issuers: State Street and Mohr. Their fees differ too: 0.16% for DIA and 1.31% for CNAV.
CNAV currently has the higher Sharpe Ratio (2.91 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.
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