IYY vs. DIA
Compare and contrast key facts about iShares Dow Jones U.S. ETF (IYY) and SPDR Dow Jones Industrial Average ETF (DIA).
IYY and DIA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Index. It was launched on Jun 12, 2000. 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. Both IYY and DIA 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: IYY or DIA.
Key characteristics
| IYY | DIA | |
|---|---|---|
| YTD Return | 15.24% | 7.91% |
| 1Y Return | 22.23% | 16.52% |
| 3Y Return (Ann) | 8.64% | 7.33% |
| 5Y Return (Ann) | 14.18% | 10.37% |
| 10Y Return (Ann) | 12.18% | 11.30% |
| Sharpe Ratio | 1.86 | 1.73 |
| Daily Std Dev | 11.47% | 9.87% |
| Max Drawdown | -55.17% | -51.87% |
| Current Drawdown | -2.83% | -2.13% |
Correlation
The correlation between IYY and DIA is 0.91, 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.
Performance
IYY vs. DIA - Performance Comparison
In the year-to-date period, IYY achieves a 15.24% return, which is significantly higher than DIA's 7.91% return. Over the past 10 years, IYY has outperformed DIA with an annualized return of 12.18%, while DIA has yielded a comparatively lower 11.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
Risk-Adjusted Performance
IYY vs. DIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones U.S. ETF (IYY) and SPDR Dow Jones Industrial Average ETF (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.
Dividends
IYY vs. DIA - Dividend Comparison
IYY's dividend yield for the trailing twelve months is around 1.14%, less than DIA's 1.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYY iShares Dow Jones U.S. ETF | 1.14% | 1.29% | 1.48% | 1.04% | 1.31% | 1.80% | 1.97% | 1.62% | 1.81% | 1.97% | 1.66% | 1.62% |
DIA SPDR Dow Jones Industrial Average ETF | 1.68% | 1.81% | 1.91% | 1.58% | 1.87% | 2.09% | 2.24% | 1.97% | 2.26% | 2.33% | 2.02% | 2.08% |
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. For additional features, visit the drawdowns tool.
Volatility
IYY vs. DIA - Volatility Comparison
The current volatility for iShares Dow Jones U.S. ETF (IYY) is 2.62%, while SPDR Dow Jones Industrial Average ETF (DIA) has a volatility of 3.09%. This indicates that IYY 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.