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 -4.99%/yr vs 13.14%/yr for DIA. At a 0.36 correlation, their price movements are largely independent.
Performance
PZZA vs. DIA - Performance Comparison
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Returns By Period
In the year-to-date period, PZZA achieves a -11.28% 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 -4.99%, while DIA has yielded a comparatively higher 13.14% annualized return.
PZZA
- 1D
- -0.72%
- 1M
- 1.99%
- 6M
- -10.42%
- YTD
- -11.28%
- 1Y
- -25.83%
- 3Y*
- -21.01%
- 5Y*
- -18.98%
- 10Y*
- -4.99%
DIA
- 1D
- -0.25%
- 1M
- 2.50%
- 6M
- 6.55%
- YTD
- 9.95%
- 1Y
- 20.04%
- 3Y*
- 16.88%
- 5Y*
- 10.38%
- 10Y*
- 13.14%
PZZA vs. DIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZZA Papa John's International, Inc. | -11.28% | -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 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 0.14 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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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 | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.29 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.06 | -2.66 |
| Martin ratioReturn relative to average drawdown | -0.92 | 7.98 | -8.90 |
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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.
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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 | -43.11% | -9.76% | -33.35% |
Max Drawdown (3Y)Largest decline over 3 years | -62.15% | -15.95% | -46.20% |
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 | -72.45% | -1.06% | -71.39% |
Average DrawdownAverage peak-to-trough decline | -26.25% | -7.12% | -19.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.12% | 2.52% | +25.60% |
Volatility
PZZA vs. DIA - Volatility Comparison
Papa John's International, Inc. (PZZA) has a higher volatility of 15.04% compared to State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) at 3.02%. 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.
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Volatility by Period
| PZZA | DIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.04% | 3.02% | +12.02% |
Volatility (6M)Calculated over the trailing 6-month period | 37.66% | 9.67% | +27.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.22% | 12.30% | +38.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.02% | 14.82% | +27.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.99% | 17.51% | +24.48% |
Dividends
PZZA vs. DIA - Dividend Comparison
PZZA's dividend yield for the trailing twelve months is around 5.53%, 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% |
PZZA Papa John's International, Inc. | 5.53% | 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 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PZZA has higher volatility (15.04%) compared to DIA (3.02%). In terms of maximum drawdown, PZZA dropped -76.22% vs DIA's -51.87%.
DIA currently has the higher Sharpe Ratio (1.64 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.
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