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IYY vs. DIA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYY vs. DIA

Last updated Jun 23, 2026

IYY (iShares Dow Jones U.S. ETF) and DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) are both Large Cap Blend Equities funds - IYY tracks the Dow Jones U.S. Index while DIA tracks the Dow Jones Industrial Average. Both are passively managed. Over the past 10 years, IYY returned 15.23%/yr vs 13.70%/yr for DIA. Their correlation of 0.90 suggests significant overlap in exposure. IYY charges 0.20%/yr vs 0.16%/yr for DIA.

Performance

IYY vs. DIA - Performance Comparison

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

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Returns By Period

In the year-to-date period, IYY achieves a 9.81% return, which is significantly higher than DIA's 8.40% return. Over the past 10 years, IYY has outperformed DIA with an annualized return of 15.23%, while DIA has yielded a comparatively lower 13.70% annualized return.

IYY

1D
-0.50%
1M
0.33%
YTD
9.81%
6M
9.17%
1Y
26.14%
3Y*
21.07%
5Y*
12.55%
10Y*
15.23%

DIA

1D
0.30%
1M
2.44%
YTD
8.40%
6M
7.75%
1Y
24.46%
3Y*
17.24%
5Y*
10.75%
10Y*
13.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYY vs. DIA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYY
iShares Dow Jones U.S. ETF		9.81%17.08%24.15%26.48%-19.57%26.38%20.10%30.78%-5.16%21.33%
DIA
State Street SPDR Dow Jones Industrial Average ETF Trust		8.40%14.71%14.82%16.02%-7.02%20.83%9.59%24.70%-3.74%28.08%

Correlation

The correlation between IYY and DIA is 0.82, 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

0.82

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

Correlation (5Y)
Calculated over the trailing 5-year period

0.87

Correlation (10Y)
Calculated over the trailing 10-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2000

0.90

The correlation between IYY and DIA has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

IYY vs. DIA - Sectors Allocation Comparison

Sectors
IYY
DIA

Technology

38.3%
19.1%

Financial Services

11.2%
27.3%

Communication Services

10.1%
1.8%

Consumer Cyclical

9.9%
11.0%

Industrials

8.5%
18.1%

Healthcare

8.4%
12.8%

Consumer Defensive

4.4%
4.1%

Energy

3.2%
2.2%

Utilities

2.1%

-

Real Estate

2.0%

-

Basic Materials

1.9%
3.7%

Technology

IYY
38.3%
DIA
19.1%

Financial Services

IYY
11.2%
DIA
27.3%

Communication Services

IYY
10.1%
DIA
1.8%

Consumer Cyclical

IYY
9.9%
DIA
11.0%

Industrials

IYY
8.5%
DIA
18.1%

Healthcare

IYY
8.4%
DIA
12.8%

Consumer Defensive

IYY
4.4%
DIA
4.1%

Energy

IYY
3.2%
DIA
2.2%

Utilities

IYY
2.1%
DIA

-

Real Estate

IYY
2.0%
DIA

-

Basic Materials

IYY
1.9%
DIA
3.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Dow Jones U.S. ETF

State Street SPDR Dow Jones Industrial Average ETF Trust

Often compared with IYY:
IYY vs. VOOIYY vs. VTIIYY vs. IYMIYY vs. QQQIYY vs. CIND.LIYY vs. SCHBIYY vs. TQQQ
Often compared with DIA:
DIA vs. QQQDIA vs. SPYDIA vs. VOODIA vs. DJDDIA vs. SCHDDIA vs. ^DJIDIA vs. VTI

Return for Risk

IYY vs. DIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYY
IYY Risk / Return Rank: 6565
Overall Rank
IYY Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IYY Sortino Ratio Rank: 6363
Sortino Ratio Rank
IYY Omega Ratio Rank: 6565
Omega Ratio Rank
IYY Calmar Ratio Rank: 6161
Calmar Ratio Rank
IYY Martin Ratio Rank: 7272
Martin Ratio Rank
DIA
DIA Risk / Return Rank: 5959
Overall Rank
DIA Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
DIA Sortino Ratio Rank: 6565
Sortino Ratio Rank
DIA Omega Ratio Rank: 5959
Omega Ratio Rank
DIA Calmar Ratio Rank: 5252
Calmar Ratio Rank
DIA Martin Ratio Rank: 5757
Martin Ratio Rank
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.

IYY vs. DIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones U.S. ETF (IYY) 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.

IYYDIADifference
Sharpe ratioReturn per unit of total volatility
2.08
1.98

+0.10

Sortino ratioReturn per unit of downside risk
2.83
2.87

-0.04

Omega ratioGain probability vs. loss probability

1.38

1.35

+0.03

Calmar ratioReturn relative to maximum drawdown

2.94

2.52

+0.42

Martin ratioReturn relative to average drawdown

13.08

9.72

+3.35

IYY vs. DIA - Sharpe Ratio Comparison

The current IYY Sharpe Ratio is 2.08, which is comparable to the DIA Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of IYY 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.

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Drawdowns

IYY vs. DIA - Drawdown Comparison

The maximum IYY drawdown since its inception was -55.17%, which is greater than DIA's maximum drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for IYY and DIA.

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Drawdown Indicators

IYYDIADifference

Max Drawdown

Largest peak-to-trough decline

-55.17%

-51.87%

-3.30%

Max Drawdown (1Y)

Largest decline over 1 year

-8.94%

-9.76%

+0.82%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-15.95%

-3.11%

Max Drawdown (5Y)

Largest decline over 5 years

-25.46%

-20.76%

-4.70%

Max Drawdown (10Y)

Largest decline over 10 years

-34.90%

-36.70%

+1.80%

Current Drawdown

Current decline from peak

-1.72%

-0.57%

-1.15%

Average Drawdown

Average peak-to-trough decline

-10.82%

-7.13%

-3.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

2.52%

-0.52%

Volatility

IYY vs. DIA - Volatility Comparison

iShares Dow Jones U.S. ETF (IYY) has a higher volatility of 4.79% compared to State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) at 4.16%. This indicates that IYY'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.

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Volatility by Period

IYYDIADifference

Volatility (1M)

Calculated over the trailing 1-month period

4.79%

4.16%

+0.63%

Volatility (6M)

Calculated over the trailing 6-month period

9.93%

9.76%

+0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

12.64%

12.45%

+0.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.22%

14.84%

+2.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.21%

17.57%

+0.64%

IYY vs. DIA - Expense Ratio Comparison

IYY has a 0.20% expense ratio, which is higher than DIA's 0.16% 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%.

Dividends

IYY vs. DIA - Dividend Comparison

IYY's dividend yield for the trailing twelve months is around 0.88%, less than DIA's 1.39% yield.

PositionTTM20252024202320222021202020192018201720162015
DIA
State Street SPDR Dow Jones Industrial Average ETF Trust		1.39%1.43%1.61%1.81%1.91%1.58%1.87%1.85%2.24%1.97%2.26%2.33%
IYY
iShares Dow Jones U.S. ETF		0.88%0.95%1.05%1.29%1.48%1.04%1.31%1.80%1.97%1.62%1.81%1.97%

Frequently Asked Questions

IYY and DIA have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYY has higher volatility (4.79%) compared to DIA (4.16%). In terms of maximum drawdown, IYY dropped -55.17% vs DIA's -51.87%.

On 10-year performance, IYY leads with 15.23% vs 13.70% for DIA. On fees, DIA is cheaper at 0.16% per year. On volatility, DIA has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYY has performed better with a 15.23% return vs 13.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DIA is cheaper with a 0.16% expense ratio, compared with 0.20% for IYY.

DIA has the higher dividend yield at 1.39%, compared with 0.88% for IYY.

IYY tracks Dow Jones U.S. Index, while DIA tracks Dow Jones Industrial Average. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for IYY and 0.16% for DIA.

IYY currently has the higher Sharpe Ratio (2.08 vs 1.98), 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.

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