FBCV vs. DIA

Last updated Jun 24, 2026

FBCV (Fidelity Blue Chip Value ETF) and DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) are both exchange-traded funds - FBCV is a Large Cap Value Equities fund actively managed by Fidelity, while DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average. FBCV is actively managed, while DIA is passively managed. Over the past 5 years, FBCV returned 9.42%/yr vs 10.52%/yr for DIA. Their correlation of 0.87 suggests significant overlap in exposure. FBCV charges 0.57%/yr vs 0.16%/yr for DIA.

Performance

FBCV vs. DIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Blue Chip Value ETF (FBCV) 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, FBCV achieves a 10.38% return, which is significantly higher than DIA's 8.31% return.

FBCV

• 1D: -0.40%
• 1M: 0.44%
• YTD: 10.38%
• 6M: 10.01%
• 1Y: 24.31%
• 3Y*: 15.15%
• 5Y*: 9.42%
• 10Y*: —

DIA

• 1D: -0.09%
• 1M: 2.35%
• YTD: 8.31%
• 6M: 7.49%
• 1Y: 23.20%
• 3Y*: 17.21%
• 5Y*: 10.52%
• 10Y*: 13.69%

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

FBCV vs. DIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FBCV Fidelity Blue Chip Value ETF	10.38%	16.36%	10.26%	5.45%	-2.26%	26.18%	17.93%
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	8.31%	14.71%	14.82%	16.02%	-7.02%	20.83%	17.69%

Correlation

The correlation between FBCV and DIA is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.87

The correlation between FBCV and DIA has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

FBCV vs. DIA - Sectors Allocation Comparison

Sectors	FBCV	DIA
Financial Services	20.3%	27.3%
Healthcare	12.0%	12.8%
Industrials	11.9%	18.1%
Technology	11.8%	19.1%
Consumer Cyclical	10.4%	11.0%
Communication Services	9.4%	1.8%
Consumer Defensive	9.4%	4.1%
Energy	8.3%	2.2%
Basic Materials	3.5%	3.7%
Utilities	2.3%	-
Real Estate	0.8%	-

Return for Risk

FBCV vs. DIA — Risk / Return Rank

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

FBCV

FBCV Risk / Return Rank: 77
FBCV Sharpe Ratio Rank: 77
FBCV Sortino Ratio Rank: 81
FBCV Omega Ratio Rank: 76
FBCV Calmar Ratio Rank: 72
FBCV Martin Ratio Rank: 78

DIA

DIA Risk / Return Rank: 56
DIA Sharpe Ratio Rank: 58
DIA Sortino Ratio Rank: 60
DIA Omega Ratio Rank: 55
DIA Calmar Ratio Rank: 50
DIA Martin Ratio Rank: 54

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.

FBCV vs. DIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Value ETF (FBCV) 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.

	FBCV	DIA	Difference
Sharpe ratio: Return per unit of total volatility	2.30	1.88	+0.42
Sortino ratio: Return per unit of downside risk	3.37	2.74	+0.63
Omega ratio: Gain probability vs. loss probability	1.42	1.33	+0.08
Calmar ratio: Return relative to maximum drawdown	3.47	2.39	+1.08
Martin ratio: Return relative to average drawdown	14.11	9.22	+4.89

FBCV vs. DIA - Sharpe Ratio Comparison

The current FBCV Sharpe Ratio is 2.30, which is comparable to the DIA Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of FBCV 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

FBCV vs. DIA - Drawdown Comparison

The maximum FBCV drawdown since its inception was -15.55%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for FBCV and DIA.

Drawdown Indicators

	FBCV	DIA	Difference
Max Drawdown Largest peak-to-trough decline	-15.55%	-51.87%	+36.32%
Max Drawdown (1Y) Largest decline over 1 year	-7.04%	-9.76%	+2.72%
Max Drawdown (3Y) Largest decline over 3 years	-14.32%	-15.95%	+1.63%
Max Drawdown (5Y) Largest decline over 5 years	-15.55%	-20.76%	+5.21%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.70%	—
Current Drawdown Current decline from peak	-1.11%	-0.65%	-0.46%
Average Drawdown Average peak-to-trough decline	-3.43%	-7.13%	+3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	2.52%	-0.79%

Volatility

FBCV vs. DIA - Volatility Comparison

The current volatility for Fidelity Blue Chip Value ETF (FBCV) is 2.77%, while State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) has a volatility of 4.15%. This indicates that FBCV experiences smaller price fluctuations and is considered to be less risky than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBCV	DIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	4.15%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	7.85%	9.76%	-1.91%
Volatility (1Y) Calculated over the trailing 1-year period	10.63%	12.42%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.80%	14.84%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.70%	17.53%	-2.83%

FBCV vs. DIA - Expense Ratio Comparison

FBCV has a 0.57% expense ratio, which is higher than DIA's 0.16% expense ratio.

Dividends

FBCV vs. DIA - Dividend Comparison

FBCV's dividend yield for the trailing twelve months is around 2.60%, more than DIA's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	1.40%	1.43%	1.61%	1.81%	1.91%	1.58%	1.87%	1.85%	2.24%	1.97%	2.26%	2.33%
FBCV Fidelity Blue Chip Value ETF	2.60%	2.95%	1.75%	1.68%	2.01%	3.13%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBCV and DIA in my portfolio?

FBCV and DIA have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBCV or DIA?

DIA has higher volatility (4.15%) compared to FBCV (2.77%). In terms of maximum drawdown, FBCV dropped -15.55% vs DIA's -51.87%.

Which ETF is better, FBCV or DIA?

On 5-year performance, DIA leads with 10.52% vs 9.42% for FBCV. On fees, DIA is cheaper at 0.16% per year. On volatility, FBCV has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FBCV or DIA?

Over the 5-year period, DIA has performed better with a 10.52% return vs 9.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FBCV or DIA?

DIA is cheaper with a 0.16% expense ratio, compared with 0.57% for FBCV.

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

FBCV has the higher dividend yield at 2.60%, compared with 1.40% for DIA.

What is the main difference between FBCV and DIA?

FBCV is categorized as Large Cap Value Equities, while DIA is Large Cap Blend Equities. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.57% for FBCV and 0.16% for DIA.

Which has better risk-adjusted returns?

FBCV currently has the higher Sharpe Ratio (2.30 vs 1.88), 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.