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DIA vs. IVLU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DIA vs. IVLU

Last updated Jun 14, 2026

DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) and IVLU (iShares MSCI International Value Factor ETF) are both exchange-traded funds - DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average, while IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index. Both are passively managed. Over the past 10 years, DIA returned 13.40%/yr vs 11.63%/yr for IVLU. A 0.68 correlation means they provide meaningful diversification when combined. DIA charges 0.16%/yr vs 0.30%/yr for IVLU.

Performance

DIA vs. IVLU - 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 iShares MSCI International Value Factor ETF (IVLU). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DIA achieves a 7.27% return, which is significantly lower than IVLU's 12.96% return. Over the past 10 years, DIA has outperformed IVLU with an annualized return of 13.40%, while IVLU has yielded a comparatively lower 11.63% annualized return.

DIA

1D
0.73%
1M
3.57%
YTD
7.27%
6M
6.43%
1Y
23.20%
3Y*
16.29%
5Y*
10.14%
10Y*
13.40%

IVLU

1D
0.56%
1M
2.48%
YTD
12.96%
6M
14.33%
1Y
35.32%
3Y*
23.53%
5Y*
14.06%
10Y*
11.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DIA vs. IVLU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DIA
State Street SPDR Dow Jones Industrial Average ETF Trust		7.27%14.71%14.82%16.02%-7.02%20.83%9.59%24.70%-3.74%28.08%
IVLU
iShares MSCI International Value Factor ETF		12.96%46.09%6.76%20.07%-5.73%15.60%-4.50%15.60%-15.10%23.10%

Correlation

The correlation between DIA and IVLU is 0.71, 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

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (10Y)
Calculated over the trailing 10-year period

0.71

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2015

0.68

The correlation between DIA and IVLU has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

DIA vs. IVLU - Sectors Allocation Comparison

Sectors
DIA
IVLU

Financial Services

27.3%
26.5%

Technology

19.1%
10.6%

Industrials

18.1%
18.8%

Healthcare

12.8%
9.0%

Consumer Cyclical

11.0%
7.6%

Consumer Defensive

4.1%
6.0%

Basic Materials

3.7%
7.4%

Energy

2.2%
5.5%

Communication Services

1.8%
3.7%

Real Estate

-

1.4%

Utilities

-

3.6%

Financial Services

DIA
27.3%
IVLU
26.5%

Technology

DIA
19.1%
IVLU
10.6%

Industrials

DIA
18.1%
IVLU
18.8%

Healthcare

DIA
12.8%
IVLU
9.0%

Consumer Cyclical

DIA
11.0%
IVLU
7.6%

Consumer Defensive

DIA
4.1%
IVLU
6.0%

Basic Materials

DIA
3.7%
IVLU
7.4%

Energy

DIA
2.2%
IVLU
5.5%

Communication Services

DIA
1.8%
IVLU
3.7%

Real Estate

DIA

-

IVLU
1.4%

Utilities

DIA

-

IVLU
3.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street SPDR Dow Jones Industrial Average ETF Trust

iShares MSCI International Value Factor ETF

Often compared with DIA:
DIA vs. QQQDIA vs. SPYDIA vs. VOODIA vs. DJDDIA vs. SCHDDIA vs. IYYDIA vs. ^DJI
Often compared with IVLU:
IVLU vs. DFIVIVLU vs. FIVAIVLU vs. VXUSIVLU vs. IDMOIVLU vs. IEFAIVLU vs. DISVIVLU vs. SFNNX

Return for Risk

DIA vs. IVLU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DIA
DIA Risk / Return Rank: 5555
Overall Rank
DIA Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
DIA Sortino Ratio Rank: 6060
Sortino Ratio Rank
DIA Omega Ratio Rank: 5555
Omega Ratio Rank
DIA Calmar Ratio Rank: 4949
Calmar Ratio Rank
DIA Martin Ratio Rank: 5555
Martin Ratio Rank
IVLU
IVLU Risk / Return Rank: 7373
Overall Rank
IVLU Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 7777
Sortino Ratio Rank
IVLU Omega Ratio Rank: 7676
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6767
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6969
Martin Ratio Rank
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. IVLU - 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 iShares MSCI International Value Factor ETF (IVLU). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

DIAIVLUDifference
Sharpe ratioReturn per unit of total volatility
1.69
2.17

-0.48

Sortino ratioReturn per unit of downside risk
2.46
2.98

-0.52

Omega ratioGain probability vs. loss probability

1.30

1.39

-0.09

Calmar ratioReturn relative to maximum drawdown

2.16

2.90

-0.74

Martin ratioReturn relative to average drawdown

8.35

11.01

-2.66

DIA vs. IVLU - Sharpe Ratio Comparison

The current DIA Sharpe Ratio is 1.69, which is comparable to the IVLU Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of DIA and IVLU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DIA vs. IVLU - Drawdown Comparison

The maximum DIA drawdown since its inception was -51.87%, which is greater than IVLU's maximum drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for DIA and IVLU.

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Drawdown Indicators

DIAIVLUDifference

Max Drawdown

Largest peak-to-trough decline

-51.87%

-41.85%

-10.02%

Max Drawdown (1Y)

Largest decline over 1 year

-9.76%

-11.69%

+1.93%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

-15.48%

-0.47%

Max Drawdown (5Y)

Largest decline over 5 years

-20.76%

-26.04%

+5.28%

Max Drawdown (10Y)

Largest decline over 10 years

-36.70%

-41.85%

+5.15%

Current Drawdown

Current decline from peak

-0.70%

-0.53%

-0.17%

Average Drawdown

Average peak-to-trough decline

-7.14%

-8.57%

+1.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

3.09%

-0.56%

Volatility

DIA vs. IVLU - Volatility Comparison

The current volatility for State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) is 4.32%, while iShares MSCI International Value Factor ETF (IVLU) has a volatility of 5.44%. This indicates that DIA experiences smaller price fluctuations and is considered to be less risky than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DIAIVLUDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.32%

5.44%

-1.12%

Volatility (6M)

Calculated over the trailing 6-month period

9.78%

12.85%

-3.07%

Volatility (1Y)

Calculated over the trailing 1-year period

12.52%

15.65%

-3.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.85%

16.58%

-1.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.56%

17.66%

-0.10%

DIA vs. IVLU - Expense Ratio Comparison

DIA has a 0.16% expense ratio, which is lower than IVLU's 0.30% expense ratio.

Dividends

DIA vs. IVLU - Dividend Comparison

DIA's dividend yield for the trailing twelve months is around 1.37%, less than IVLU's 3.28% yield.

PositionTTM20252024202320222021202020192018201720162015
DIA
State Street SPDR Dow Jones Industrial Average ETF Trust		1.37%1.43%1.61%1.81%1.91%1.58%1.87%1.85%2.24%1.97%2.26%2.33%
IVLU
iShares MSCI International Value Factor ETF		3.28%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%

Frequently Asked Questions

DIA and IVLU have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IVLU has higher volatility (5.44%) compared to DIA (4.32%). In terms of maximum drawdown, DIA dropped -51.87% vs IVLU's -41.85%.

On 10-year performance, DIA leads with 13.40% vs 11.63% for IVLU. On fees, DIA is cheaper at 0.16% per year. On volatility, DIA has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DIA has performed better with a 13.40% return vs 11.63%. 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 0.30% for IVLU.

IVLU has the higher dividend yield at 3.28%, compared with 1.37% for DIA.

DIA is categorized as Large Cap Blend Equities, while IVLU is Foreign Large Cap Equities. DIA tracks Dow Jones Industrial Average, while IVLU tracks MSCI World ex USA Enhanced Value Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.16% for DIA and 0.30% for IVLU.

IVLU currently has the higher Sharpe Ratio (2.17 vs 1.69), 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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