EFIV vs. DIA

Last updated Jul 15, 2026

EFIV (State Street SPDR S&P 500 ESG ETF) and DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) are both exchange-traded funds - EFIV is a S&P 500 fund tracking the S&P 500 ESG Index, while DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average. Both are passively managed. Over the past 5 years, EFIV returned 13.77%/yr vs 10.36%/yr for DIA. Their correlation of 0.85 suggests significant overlap in exposure. EFIV charges 0.10%/yr vs 0.16%/yr for DIA.

Performance

EFIV vs. DIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR S&P 500 ESG ETF (EFIV) and State Street SPDR Dow Jones Industrial Average ETF Trust (DIA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EFIV achieves a 10.63% return, which is significantly higher than DIA's 10.00% return.

EFIV

• 1D: 0.71%
• 1M: 0.99%
• 6M: 9.05%
• YTD: 10.63%
• 1Y: 24.19%
• 3Y*: 20.06%
• 5Y*: 13.77%
• 10Y*: —

DIA

• 1D: 0.04%
• 1M: 2.55%
• 6M: 7.46%
• YTD: 10.00%
• 1Y: 19.81%
• 3Y*: 16.89%
• 5Y*: 10.36%
• 10Y*: 13.14%

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

EFIV vs. DIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EFIV State Street SPDR S&P 500 ESG ETF	10.63%	18.47%	23.80%	27.92%	-17.76%	31.70%	16.38%
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	10.00%	14.71%	14.82%	16.02%	-7.02%	20.83%	16.03%

Correlation

The correlation between EFIV and DIA is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 28, 2020	0.85

The correlation between EFIV and DIA has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

EFIV vs. DIA - Sectors Allocation Comparison

Sectors	EFIV	DIA
Technology	38.0%	19.1%
Communication Services	12.6%	1.8%
Financial Services	12.3%	27.3%
Healthcare	10.6%	12.8%
Industrials	8.2%	18.1%
Consumer Defensive	5.1%	4.1%
Consumer Cyclical	5.0%	11.0%
Energy	2.7%	2.2%
Real Estate	2.2%	-
Basic Materials	2.0%	3.7%
Utilities	1.4%	-

Return for Risk

EFIV vs. DIA — Risk / Return Rank

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

EFIV

EFIV Risk / Return Rank: 74
EFIV Sharpe Ratio Rank: 77
EFIV Sortino Ratio Rank: 76
EFIV Omega Ratio Rank: 74
EFIV Calmar Ratio Rank: 64
EFIV Martin Ratio Rank: 78

DIA

DIA Risk / Return Rank: 59
DIA Sharpe Ratio Rank: 61
DIA Sortino Ratio Rank: 65
DIA Omega Ratio Rank: 60
DIA Calmar Ratio Rank: 51
DIA Martin Ratio Rank: 57

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.

EFIV vs. DIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 ESG ETF (EFIV) and State Street SPDR Dow Jones Industrial Average ETF Trust (DIA). 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.

	EFIV	DIA	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.62	+0.32
Sortino ratio: Return per unit of downside risk	2.70	2.39	+0.32
Omega ratio: Gain probability vs. loss probability	1.35	1.29	+0.06
Calmar ratio: Return relative to maximum drawdown	2.57	2.04	+0.53
Martin ratio: Return relative to average drawdown	11.54	7.89	+3.65

EFIV vs. DIA - Sharpe Ratio Comparison

The current EFIV Sharpe Ratio is 1.94, which is comparable to the DIA Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of EFIV and DIA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EFIV vs. DIA - Drawdown Comparison

The maximum EFIV drawdown since its inception was -24.52%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for EFIV and DIA.

Drawdown Indicators

	EFIV	DIA	Difference
Max Drawdown Largest peak-to-trough decline	-24.52%	-51.87%	+27.35%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-9.76%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-19.23%	-15.95%	-3.28%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-20.76%	-3.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.70%	—
Current Drawdown Current decline from peak	-0.70%	-1.02%	+0.32%
Average Drawdown Average peak-to-trough decline	-4.75%	-7.12%	+2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.52%	-0.42%

Volatility

EFIV vs. DIA - Volatility Comparison

State Street SPDR S&P 500 ESG ETF (EFIV) has a higher volatility of 3.94% compared to State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) at 2.54%. This indicates that EFIV's price experiences larger fluctuations and is considered to be riskier than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFIV	DIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	2.54%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	9.66%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	12.27%	+0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	14.82%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	17.51%	-0.69%

EFIV vs. DIA - Expense Ratio Comparison

EFIV has a 0.10% expense ratio, which is lower than DIA's 0.16% 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

EFIV vs. DIA - Dividend Comparison

EFIV's dividend yield for the trailing twelve months is around 0.96%, less than DIA's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
EFIV State Street SPDR S&P 500 ESG ETF	0.96%	1.03%	1.20%	1.37%	1.64%	1.19%	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EFIV and DIA in my portfolio?

EFIV and DIA have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EFIV or DIA?

EFIV has higher volatility (3.94%) compared to DIA (2.54%). In terms of maximum drawdown, EFIV dropped -24.52% vs DIA's -51.87%.

Which ETF is better, EFIV or DIA?

On 5-year performance, EFIV leads with 13.77% vs 10.36% for DIA. On fees, EFIV is cheaper at 0.10% per year. On volatility, DIA has been the lower-risk option at 2.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EFIV or DIA?

Over the 5-year period, EFIV has performed better with a 13.77% return vs 10.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFIV or DIA?

EFIV is cheaper with a 0.10% expense ratio, compared with 0.16% for DIA.

Which ETF pays a higher dividend yield, EFIV or DIA?

DIA has the higher dividend yield at 1.37%, compared with 0.96% for EFIV.

What is the main difference between EFIV and DIA?

EFIV is categorized as S&P 500, while DIA is Large Cap Blend Equities. EFIV tracks S&P 500 ESG Index, while DIA tracks Dow Jones Industrial Average. Their fees differ too: 0.10% for EFIV and 0.16% for DIA.

Which has better risk-adjusted returns?

EFIV currently has the higher Sharpe Ratio (1.94 vs 1.62), 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.