DIA vs. NBIS

Last updated Jun 9, 2026

DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) is Large Cap Blend Equities fund tracking the Dow Jones Industrial Average, while NBIS (Nebius Group N.V.) is a stock. Over the past year, DIA returned 20.62% vs 351.53% for NBIS. At a 0.27 correlation, their price movements are largely independent.

Performance

DIA vs. NBIS - 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 Nebius Group N.V. (NBIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIA achieves a 6.40% return, which is significantly lower than NBIS's 160.44% return.

DIA

• 1D: -0.15%
• 1M: 2.63%
• YTD: 6.40%
• 6M: 7.17%
• 1Y: 20.62%
• 3Y*: 16.36%
• 5Y*: 9.98%
• 10Y*: 13.18%

NBIS

• 1D: -4.31%
• 1M: 23.13%
• YTD: 160.44%
• 6M: 117.28%
• 1Y: 351.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIA vs. NBIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	6.40%	14.71%	-1.31%
NBIS Nebius Group N.V.	160.44%	202.18%	46.25%

Correlation

The correlation between DIA and NBIS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Oct 21, 2024	0.27

Return for Risk

DIA vs. NBIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIA

DIA Risk / Return Rank: 53
DIA Sharpe Ratio Rank: 55
DIA Sortino Ratio Rank: 58
DIA Omega Ratio Rank: 53
DIA Calmar Ratio Rank: 47
DIA Martin Ratio Rank: 53

NBIS

NBIS Risk / Return Rank: 94
NBIS Sharpe Ratio Rank: 96
NBIS Sortino Ratio Rank: 94
NBIS Omega Ratio Rank: 90
NBIS Calmar Ratio Rank: 96
NBIS Martin Ratio Rank: 95

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. NBIS - 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 Nebius Group N.V. (NBIS). 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	NBIS	Difference
Sharpe ratio: Return per unit of total volatility	1.69	3.39	-1.70
Sortino ratio: Return per unit of downside risk	2.48	3.71	-1.23
Omega ratio: Gain probability vs. loss probability	1.30	1.41	-0.11
Calmar ratio: Return relative to maximum drawdown	2.12	7.79	-5.67
Martin ratio: Return relative to average drawdown	8.20	17.86	-9.66
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. NBIS - Sharpe Ratio Comparison

The current DIA Sharpe Ratio is 1.69, which is lower than the NBIS Sharpe Ratio of 3.39. The chart below compares the historical Sharpe Ratios of DIA and NBIS, 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	NBIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	3.39	-1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	3.19	-2.70

Drawdowns

DIA vs. NBIS - Drawdown Comparison

The maximum DIA drawdown since its inception was -51.87%, smaller than the maximum NBIS drawdown of -58.27%. Use the drawdown chart below to compare losses from any high point for DIA and NBIS.

Drawdown Indicators

	DIA	NBIS	Difference
Max Drawdown Largest peak-to-trough decline	-51.87%	-58.27%	+6.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-45.47%	+35.71%
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 Drawdown Current decline from peak	-1.51%	-17.58%	+16.07%
Average Drawdown Average peak-to-trough decline	-7.14%	-19.02%	+11.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	19.79%	-17.27%

Volatility

DIA vs. NBIS - Volatility Comparison

The current volatility for State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) is 3.39%, while Nebius Group N.V. (NBIS) has a volatility of 33.60%. This indicates that DIA experiences smaller price fluctuations and is considered to be less risky than NBIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIA	NBIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	33.60%	-30.21%
Volatility (6M) Calculated over the trailing 6-month period	9.49%	71.53%	-62.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	104.78%	-92.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	110.72%	-95.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	110.72%	-93.17%

Dividends

DIA vs. NBIS - Dividend Comparison

DIA's dividend yield for the trailing twelve months is around 1.38%, while NBIS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NBIS Nebius Group N.V.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIA and NBIS in my portfolio?

DIA and NBIS have a correlation of 0.26, 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 NBIS?

NBIS has higher volatility (33.60%) compared to DIA (3.39%). In terms of maximum drawdown, DIA dropped -51.87% vs NBIS's -58.27%.

Which has better risk-adjusted returns?

NBIS currently has the higher Sharpe Ratio (3.39 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.