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DIA vs. IYY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DIA vs. IYY

Last updated Jun 23, 2026

DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) and IYY (iShares Dow Jones U.S. ETF) are both Large Cap Blend Equities funds - DIA tracks the Dow Jones Industrial Average while IYY tracks the Dow Jones U.S. Index. Both are passively managed. Over the past 10 years, DIA returned 13.70%/yr vs 15.23%/yr for IYY. Their correlation of 0.90 suggests significant overlap in exposure. DIA charges 0.16%/yr vs 0.20%/yr for IYY.

Performance

DIA vs. IYY - 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 Dow Jones U.S. ETF (IYY). 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 8.40% return, which is significantly lower than IYY's 9.81% return. Over the past 10 years, DIA has underperformed IYY with an annualized return of 13.70%, while IYY has yielded a comparatively higher 15.23% annualized return.

DIA

1D
0.30%
1M
2.44%
YTD
8.40%
6M
7.75%
1Y
24.46%
3Y*
17.24%
5Y*
10.75%
10Y*
13.70%

IYY

1D
-0.50%
1M
0.33%
YTD
9.81%
6M
9.17%
1Y
26.14%
3Y*
21.07%
5Y*
12.55%
10Y*
15.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DIA vs. IYY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DIA
State Street SPDR Dow Jones Industrial Average ETF Trust		8.40%14.71%14.82%16.02%-7.02%20.83%9.59%24.70%-3.74%28.08%
IYY
iShares Dow Jones U.S. ETF		9.81%17.08%24.15%26.48%-19.57%26.38%20.10%30.78%-5.16%21.33%

Correlation

The correlation between DIA and IYY is 0.82, 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

0.82

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

0.82

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

0.87

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

0.89

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2000

0.90

The correlation between DIA and IYY has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

DIA vs. IYY - Sectors Allocation Comparison

Sectors
DIA
IYY

Financial Services

27.3%
11.2%

Technology

19.1%
38.3%

Industrials

18.1%
8.5%

Healthcare

12.8%
8.4%

Consumer Cyclical

11.0%
9.9%

Consumer Defensive

4.1%
4.4%

Basic Materials

3.7%
1.9%

Energy

2.2%
3.2%

Communication Services

1.8%
10.1%

Real Estate

-

2.0%

Utilities

-

2.1%

Financial Services

DIA
27.3%
IYY
11.2%

Technology

DIA
19.1%
IYY
38.3%

Industrials

DIA
18.1%
IYY
8.5%

Healthcare

DIA
12.8%
IYY
8.4%

Consumer Cyclical

DIA
11.0%
IYY
9.9%

Consumer Defensive

DIA
4.1%
IYY
4.4%

Basic Materials

DIA
3.7%
IYY
1.9%

Energy

DIA
2.2%
IYY
3.2%

Communication Services

DIA
1.8%
IYY
10.1%

Real Estate

DIA

-

IYY
2.0%

Utilities

DIA

-

IYY
2.1%

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 Dow Jones U.S. ETF

Often compared with DIA:
DIA vs. QQQDIA vs. SPYDIA vs. VOODIA vs. DJDDIA vs. SCHDDIA vs. ^DJIDIA vs. VTI
Often compared with IYY:
IYY vs. VOOIYY vs. VTIIYY vs. IYMIYY vs. QQQIYY vs. CIND.LIYY vs. SCHBIYY vs. TQQQ

Return for Risk

DIA vs. IYY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DIA
DIA Risk / Return Rank: 5959
Overall Rank
DIA Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
DIA Sortino Ratio Rank: 6565
Sortino Ratio Rank
DIA Omega Ratio Rank: 5959
Omega Ratio Rank
DIA Calmar Ratio Rank: 5252
Calmar Ratio Rank
DIA Martin Ratio Rank: 5757
Martin Ratio Rank
IYY
IYY Risk / Return Rank: 6565
Overall Rank
IYY Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IYY Sortino Ratio Rank: 6363
Sortino Ratio Rank
IYY Omega Ratio Rank: 6565
Omega Ratio Rank
IYY Calmar Ratio Rank: 6161
Calmar Ratio Rank
IYY Martin Ratio Rank: 7272
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. IYY - 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 Dow Jones U.S. ETF (IYY). 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.

DIAIYYDifference
Sharpe ratioReturn per unit of total volatility
1.98
2.08

-0.10

Sortino ratioReturn per unit of downside risk
2.87
2.83

+0.04

Omega ratioGain probability vs. loss probability

1.35

1.38

-0.03

Calmar ratioReturn relative to maximum drawdown

2.52

2.94

-0.42

Martin ratioReturn relative to average drawdown

9.72

13.08

-3.35

DIA vs. IYY - Sharpe Ratio Comparison

The current DIA Sharpe Ratio is 1.98, which is comparable to the IYY Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of DIA and IYY, 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. IYY - Drawdown Comparison

The maximum DIA drawdown since its inception was -51.87%, smaller than the maximum IYY drawdown of -55.17%. Use the drawdown chart below to compare losses from any high point for DIA and IYY.

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Drawdown Indicators

DIAIYYDifference

Max Drawdown

Largest peak-to-trough decline

-51.87%

-55.17%

+3.30%

Max Drawdown (1Y)

Largest decline over 1 year

-9.76%

-8.94%

-0.82%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

-19.06%

+3.11%

Max Drawdown (5Y)

Largest decline over 5 years

-20.76%

-25.46%

+4.70%

Max Drawdown (10Y)

Largest decline over 10 years

-36.70%

-34.90%

-1.80%

Current Drawdown

Current decline from peak

-0.57%

-1.72%

+1.15%

Average Drawdown

Average peak-to-trough decline

-7.13%

-10.82%

+3.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.52%

2.00%

+0.52%

Volatility

DIA vs. IYY - Volatility Comparison

The current volatility for State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) is 4.16%, while iShares Dow Jones U.S. ETF (IYY) has a volatility of 4.79%. This indicates that DIA experiences smaller price fluctuations and is considered to be less risky than IYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DIAIYYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.16%

4.79%

-0.63%

Volatility (6M)

Calculated over the trailing 6-month period

9.76%

9.93%

-0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

12.45%

12.64%

-0.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.84%

17.22%

-2.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.57%

18.21%

-0.64%

DIA vs. IYY - Expense Ratio Comparison

DIA has a 0.16% expense ratio, which is lower than IYY's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DIA vs. IYY - Dividend Comparison

DIA's dividend yield for the trailing twelve months is around 1.39%, more than IYY's 0.88% yield.

PositionTTM20252024202320222021202020192018201720162015
DIA
State Street SPDR Dow Jones Industrial Average ETF Trust		1.39%1.43%1.61%1.81%1.91%1.58%1.87%1.85%2.24%1.97%2.26%2.33%
IYY
iShares Dow Jones U.S. ETF		0.88%0.95%1.05%1.29%1.48%1.04%1.31%1.80%1.97%1.62%1.81%1.97%

Frequently Asked Questions

DIA and IYY have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYY has higher volatility (4.79%) compared to DIA (4.16%). In terms of maximum drawdown, DIA dropped -51.87% vs IYY's -55.17%.

On 10-year performance, IYY leads with 15.23% vs 13.70% for DIA. On fees, DIA is cheaper at 0.16% per year. On volatility, DIA has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYY has performed better with a 15.23% return vs 13.70%. 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 0.20% for IYY.

DIA has the higher dividend yield at 1.39%, compared with 0.88% for IYY.

DIA tracks Dow Jones Industrial Average, while IYY tracks Dow Jones U.S. Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.16% for DIA and 0.20% for IYY.

IYY currently has the higher Sharpe Ratio (2.08 vs 1.98), 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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