JPM vs. DIA
JPM (JPMorgan Chase & Co.) is a stock, while DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) is Large Cap Blend Equities fund tracking the Dow Jones Industrial Average. Over the past 10 years, JPM returned 20.32%/yr vs 13.18%/yr for DIA. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
JPM vs. DIA - Performance Comparison
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Returns By Period
In the year-to-date period, JPM achieves a -2.52% return, which is significantly lower than DIA's 6.40% return. Over the past 10 years, JPM has outperformed DIA with an annualized return of 20.32%, while DIA has yielded a comparatively lower 13.18% annualized return.
JPM
- 1D
- -0.40%
- 1M
- 2.98%
- YTD
- -2.52%
- 6M
- -0.35%
- 1Y
- 19.35%
- 3Y*
- 33.18%
- 5Y*
- 16.72%
- 10Y*
- 20.32%
DIA
- 1D
- -0.15%
- 1M
- 2.63%
- YTD
- 6.40%
- 6M
- 7.17%
- 1Y
- 20.62%
- 3Y*
- 16.36%
- 5Y*
- 9.98%
- 10Y*
- 13.18%
JPM vs. DIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | -2.52% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 6.40% | 14.71% | 14.82% | 16.02% | -7.02% | 20.83% | 9.59% | 24.70% | -3.74% | 28.08% |
Correlation
The correlation between JPM and DIA is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 1998 | 0.69 |
The correlation between JPM and DIA has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
JPM vs. DIA — Risk / Return Rank
JPM
DIA
JPM vs. DIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Chase & Co. (JPM) 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.
| JPM | DIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.12 | -0.87 |
| Martin ratioReturn relative to average drawdown | 2.98 | 8.20 | -5.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPM | DIA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.69 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.68 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.75 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.49 | -0.15 |
Drawdowns
JPM vs. DIA - Drawdown Comparison
The maximum JPM drawdown since its inception was -76.16%, which is greater than DIA's maximum drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for JPM and DIA.
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Drawdown Indicators
| JPM | DIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -51.87% | -24.29% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -9.76% | -5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -24.42% | -15.95% | -8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | -20.76% | -18.01% |
Max Drawdown (10Y)Largest decline over 10 years | -43.63% | -36.70% | -6.93% |
Current DrawdownCurrent decline from peak | -6.55% | -1.51% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -7.14% | -10.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 2.52% | +3.98% |
Volatility
JPM vs. DIA - Volatility Comparison
JPMorgan Chase & Co. (JPM) has a higher volatility of 6.40% compared to State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) at 3.39%. This indicates that JPM'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
| JPM | DIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 3.39% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 17.38% | 9.49% | +7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 12.26% | +9.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.45% | 14.81% | +9.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.40% | 17.55% | +9.85% |
Dividends
JPM vs. DIA - Dividend Comparison
JPM's dividend yield for the trailing twelve months is around 1.90%, more than DIA's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 1.38% | 1.43% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 1.85% | 2.24% | 1.97% | 2.26% | 2.33% |
JPM JPMorgan Chase & Co. | 1.90% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Frequently Asked Questions
JPM and DIA have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPM has higher volatility (6.40%) compared to DIA (3.39%). In terms of maximum drawdown, JPM dropped -76.16% vs DIA's -51.87%.
DIA currently has the higher Sharpe Ratio (1.69 vs 0.90), 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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