PZZA vs. DIA
PZZA (Papa John's International, Inc.) 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, PZZA returned -6.64%/yr vs 13.26%/yr for DIA. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
PZZA vs. DIA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PZZA achieves a -20.22% return, which is significantly lower than DIA's 9.95% return. Over the past 10 years, PZZA has underperformed DIA with an annualized return of -6.64%, while DIA has yielded a comparatively higher 13.26% annualized return.
PZZA
- 1D
- -1.09%
- 1M
- -16.53%
- 6M
- -12.69%
- YTD
- -20.22%
- 1Y
- -24.96%
- 3Y*
- -25.46%
- 5Y*
- -21.15%
- 10Y*
- -6.64%
- ALL TIME*
- 9.41%
DIA
- 1D
- 0.54%
- 1M
- -0.65%
- 6M
- 8.01%
- YTD
- 9.95%
- 1Y
- 22.15%
- 3Y*
- 15.63%
- 5Y*
- 10.36%
- 10Y*
- 13.26%
- ALL TIME*
- 9.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.05B | $1.95B | $2.38B | |
| $31.76M | $27.79M | $36.86M |
PZZA vs. DIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZZA Papa John's International, Inc. | -20.22% | -2.01% | -44.21% | -5.28% | -37.26% | 58.87% | 35.88% | 61.50% | -27.80% | -33.68% |
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 9.95% | 14.71% | 14.82% | 16.02% | -7.02% | 20.83% | 9.59% | 24.70% | -3.74% | 28.08% |
Correlation
The correlation between PZZA and DIA is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 1998 | 0.36 |
Over the past year, the correlation between PZZA and DIA has dropped to 0.12 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PZZA vs. DIA — Risk / Return Rank
PZZA
DIA
PZZA vs. DIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Papa John's International, Inc. (PZZA) 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.
| PZZA | DIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.30 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.12 | -2.72 |
| Martin ratioReturn relative to average drawdown | -0.88 | 8.21 | -9.09 |
Loading charts...
Drawdowns
PZZA vs. DIA - Drawdown Comparison
The maximum PZZA drawdown since its inception was -76.22%, which is greater than DIA's maximum drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for PZZA and DIA.
Loading charts...
Drawdown Indicators
| PZZA | DIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.22% | -51.87% | -24.35% |
Max Drawdown (1Y)Largest decline over 1 year | -43.85% | -9.76% | -34.09% |
Max Drawdown (3Y)Largest decline over 3 years | -61.41% | -15.95% | -45.46% |
Max Drawdown (5Y)Largest decline over 5 years | -76.22% | -20.76% | -55.46% |
Max Drawdown (10Y)Largest decline over 10 years | -76.22% | -36.70% | -39.52% |
Current DrawdownCurrent decline from peak | -75.22% | -1.06% | -74.16% |
Average DrawdownAverage peak-to-trough decline | -26.33% | -7.11% | -19.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.62% | 2.52% | +27.10% |
Volatility
PZZA vs. DIA - Volatility Comparison
Papa John's International, Inc. (PZZA) has a higher volatility of 10.09% compared to State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) at 3.74%. This indicates that PZZA'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.
Loading charts...
Volatility by Period
| PZZA | DIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 3.74% | +6.35% |
Volatility (6M)Calculated over the trailing 6-month period | 37.98% | 9.82% | +28.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.10% | 12.52% | +38.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.07% | 14.83% | +27.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.05% | 17.53% | +24.52% |
Dividends
PZZA vs. DIA - Dividend Comparison
PZZA's dividend yield for the trailing twelve months is around 6.15%, more 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% |
PZZA Papa John's International, Inc. | 6.15% | 4.78% | 4.48% | 2.31% | 1.87% | 0.86% | 1.06% | 1.43% | 2.26% | 1.51% | 0.88% | 1.13% |
Frequently Asked Questions
PZZA and DIA have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PZZA has higher volatility (10.09%) compared to DIA (3.74%). In terms of maximum drawdown, PZZA dropped -76.22% vs DIA's -51.87%.
DIA currently has the higher Sharpe Ratio (1.66 vs -0.51), 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.
Find the right allocation for PZZA and DIA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer