DIA vs. SPY
Compare and contrast key facts about SPDR Dow Jones Industrial Average ETF (DIA) and SPDR S&P 500 ETF (SPY).
DIA and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both DIA and SPY 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 SPY.
Performance
DIA vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, DIA achieves a 16.92% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, DIA has underperformed SPY with an annualized return of 11.73%, while SPY has yielded a comparatively higher 13.04% annualized return.
DIA
16.92%
0.49%
9.45%
26.38%
11.36%
11.73%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| DIA | SPY | |
|---|---|---|
| Sharpe Ratio | 2.40 | 2.64 |
| Sortino Ratio | 3.41 | 3.53 |
| Omega Ratio | 1.45 | 1.49 |
| Calmar Ratio | 4.35 | 3.81 |
| Martin Ratio | 13.74 | 17.21 |
| Ulcer Index | 1.92% | 1.86% |
| Daily Std Dev | 10.98% | 12.15% |
| Max Drawdown | -51.87% | -55.19% |
| Current Drawdown | -1.86% | -2.17% |
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DIA vs. SPY - Expense Ratio Comparison
DIA has a 0.16% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between DIA and SPY is 0.93, 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.
Risk-Adjusted Performance
DIA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Industrial Average ETF (DIA) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
DIA's dividend yield for the trailing twelve months is around 1.48%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA SPDR Dow Jones Industrial Average ETF | 1.48% | 1.81% | 1.91% | 1.58% | 1.87% | 2.09% | 2.24% | 1.97% | 2.26% | 2.33% | 2.02% | 2.08% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DIA vs. SPY - Drawdown Comparison
The maximum DIA drawdown since its inception was -51.87%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DIA and SPY. For additional features, visit the drawdowns tool.
Volatility
DIA vs. SPY - Volatility Comparison
SPDR Dow Jones Industrial Average ETF (DIA) has a higher volatility of 4.54% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that DIA's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.