DIA vs. IYY
Compare and contrast key facts about SPDR Dow Jones Industrial Average ETF (DIA) and iShares Dow Jones U.S. ETF (IYY).
DIA and IYY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IYY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Index. It was launched on Jun 12, 2000. Both DIA and IYY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIA or IYY.
Key characteristics
| DIA | IYY | |
|---|---|---|
| YTD Return | 3.15% | 7.45% |
| 1Y Return | 18.99% | 28.34% |
| 3Y Return (Ann) | 6.22% | 7.52% |
| 5Y Return (Ann) | 10.02% | 12.86% |
| 10Y Return (Ann) | 11.32% | 12.05% |
| Sharpe Ratio | 1.79 | 2.29 |
| Daily Std Dev | 10.05% | 11.94% |
| Max Drawdown | -51.87% | -55.17% |
| Current Drawdown | -2.71% | -2.50% |
Correlation
The correlation between DIA and IYY is 0.91, 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.
Performance
DIA vs. IYY - Performance Comparison
In the year-to-date period, DIA achieves a 3.15% return, which is significantly lower than IYY's 7.45% return. Over the past 10 years, DIA has underperformed IYY with an annualized return of 11.32%, while IYY has yielded a comparatively higher 12.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
Risk-Adjusted Performance
DIA vs. IYY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Industrial Average ETF (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.
Dividends
DIA vs. IYY - Dividend Comparison
DIA's dividend yield for the trailing twelve months is around 1.78%, more than IYY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA SPDR Dow Jones Industrial Average ETF | 1.78% | 1.81% | 1.91% | 1.58% | 1.87% | 2.09% | 2.24% | 1.97% | 2.26% | 2.33% | 2.02% | 2.08% |
IYY iShares Dow Jones U.S. ETF | 1.19% | 1.29% | 1.48% | 1.04% | 1.31% | 1.80% | 1.97% | 1.62% | 1.81% | 1.97% | 1.66% | 1.62% |
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. For additional features, visit the drawdowns tool.
Volatility
DIA vs. IYY - Volatility Comparison
The current volatility for SPDR Dow Jones Industrial Average ETF (DIA) is 3.36%, while iShares Dow Jones U.S. ETF (IYY) has a volatility of 4.12%. 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.