SPIN vs. DIA

Last updated Aug 6, 2026

SPIN (State Street US Equity Premium Income ETF) and DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) are both exchange-traded funds - SPIN is a Derivative Income fund actively managed by State Street, while DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average. SPIN is actively managed, while DIA is passively managed. Over the past year, SPIN returned 16.40% vs 24.90% for DIA. Their 0.76 correlation means they have sometimes moved together and sometimes differently. SPIN charges 0.25%/yr vs 0.16%/yr for DIA.

Performance

SPIN vs. DIA - Performance Comparison

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

Returns By Period

In the year-to-date period, SPIN achieves a 6.75% return, which is significantly lower than DIA's 13.83% return.

SPIN

• 1D: -0.02%
• 1M: 3.46%
• 6M: 6.99%
• YTD: 6.75%
• 1Y: 16.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.57%

DIA

• 1D: 0.44%
• 1M: 2.43%
• 6M: 10.53%
• YTD: 13.83%
• 1Y: 24.90%
• 3Y*: 17.59%
• 5Y*: 10.96%
• 10Y*: 13.51%
• ALL TIME*: 9.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	$2.47B	$2.10B	$2.43B
SPIN State Street US Equity Premium Income ETF	$56.66K	$85.51K	$117.20K

SPIN vs. DIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPIN State Street US Equity Premium Income ETF	6.75%	14.14%	6.47%
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	13.83%	14.71%	4.38%

Correlation

The correlation between SPIN and DIA is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.76

The correlation between SPIN and DIA has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.

SPIN vs. DIA - Sectors Allocation Comparison

Sectors	SPIN	DIA
Technology	39.0%	16.1%
Financial Services	12.3%	26.7%
Communication Services	11.1%	5.2%
Healthcare	8.7%	13.2%
Industrials	8.6%	18.9%
Consumer Cyclical	8.2%	10.3%
Consumer Defensive	3.7%	3.9%
Energy	2.5%	1.9%
Basic Materials	2.4%	3.9%
Utilities	1.9%	-
Real Estate	1.5%	-

Return for Risk

SPIN vs. DIA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPIN

SPIN Risk / Return Rank: 48
SPIN Sharpe Ratio Rank: 51
SPIN Sortino Ratio Rank: 48
SPIN Omega Ratio Rank: 50
SPIN Calmar Ratio Rank: 41
SPIN Martin Ratio Rank: 51

DIA

DIA Risk / Return Rank: 73
DIA Sharpe Ratio Rank: 77
DIA Sortino Ratio Rank: 79
DIA Omega Ratio Rank: 76
DIA Calmar Ratio Rank: 64
DIA Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPIN vs. DIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street US Equity Premium Income ETF (SPIN) 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.

	SPIN	DIA	Difference
Sharpe ratio: Return per unit of total volatility	1.42	2.00	-0.57
Sortino ratio: Return per unit of downside risk	1.99	2.86	-0.87
Omega ratio: Gain probability vs. loss probability	1.26	1.36	-0.10
Calmar ratio: Return relative to maximum drawdown	1.68	2.56	-0.88
Martin ratio: Return relative to average drawdown	6.72	9.92	-3.20

SPIN vs. DIA - Sharpe Ratio Comparison

The current SPIN Sharpe Ratio is 1.42, which is comparable to the DIA Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of SPIN 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.

Drawdowns

SPIN vs. DIA - Drawdown Comparison

The maximum SPIN drawdown since its inception was -16.85%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for SPIN and DIA.

Drawdown Indicators

	SPIN	DIA	Difference
Max Drawdown Largest peak-to-trough decline	-16.85%	-51.87%	+35.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.81%	-9.76%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.70%	—
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-2.20%	-7.10%	+4.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.52%	-0.07%

Volatility

SPIN vs. DIA - Volatility Comparison

The current volatility for State Street US Equity Premium Income ETF (SPIN) is 3.81%, while State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) has a volatility of 4.16%. This indicates that SPIN 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.

Volatility by Period

	SPIN	DIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	4.16%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	8.89%	9.99%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.60%	12.53%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	14.85%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.27%	17.54%	-3.27%

SPIN vs. DIA - Expense Ratio Comparison

SPIN has a 0.25% 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

SPIN vs. DIA - Dividend Comparison

SPIN's dividend yield for the trailing twelve months is around 4.84%, more than DIA's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	1.32%	1.43%	1.61%	1.81%	1.91%	1.58%	1.87%	1.85%	2.24%	1.97%	2.26%	2.33%
SPIN State Street US Equity Premium Income ETF	4.84%	8.20%	2.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPIN and DIA in my portfolio?

SPIN and DIA have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPIN or DIA?

DIA has higher volatility (4.16%) compared to SPIN (3.81%). In terms of maximum drawdown, SPIN dropped -16.85% vs DIA's -51.87%.

Which ETF is better, SPIN or DIA?

On 1-year performance, DIA leads with 24.90% vs 16.40% for SPIN. On fees, DIA is cheaper at 0.16% per year. On volatility, SPIN has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPIN or DIA?

Over the 1-year period, DIA has performed better with a 24.90% return vs 16.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPIN or DIA?

DIA is cheaper with a 0.16% expense ratio, compared with 0.25% for SPIN.

Which ETF pays a higher dividend yield, SPIN or DIA?

SPIN has the higher dividend yield at 4.84%, compared with 1.32% for DIA.

What is the main difference between SPIN and DIA?

SPIN is categorized as Derivative Income, while DIA is Large Cap Blend Equities. Their fees differ too: 0.25% for SPIN and 0.16% for DIA.

Which has better risk-adjusted returns?

DIA currently has the higher Sharpe Ratio (2.00 vs 1.42), 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.