^GDAXI vs. DIA
Compare and contrast key facts about DAX Performance Index (^GDAXI) and SPDR Dow Jones Industrial Average ETF (DIA).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GDAXI or DIA.
Key characteristics
| ^GDAXI | DIA | |
|---|---|---|
| YTD Return | 11.63% | 11.22% |
| 1Y Return | 18.31% | 20.67% |
| 3Y Return (Ann) | 5.85% | 8.20% |
| 5Y Return (Ann) | 8.35% | 10.88% |
| 10Y Return (Ann) | 6.82% | 11.58% |
| Sharpe Ratio | 1.65 | 2.02 |
| Daily Std Dev | 11.72% | 10.81% |
| Max Drawdown | -72.68% | -51.87% |
| Current Drawdown | -1.22% | -0.31% |
Correlation
The correlation between ^GDAXI and DIA is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
^GDAXI vs. DIA - Performance Comparison
The year-to-date returns for both stocks are quite close, with ^GDAXI having a 11.63% return and DIA slightly lower at 11.22%. Over the past 10 years, ^GDAXI has underperformed DIA with an annualized return of 6.82%, while DIA has yielded a comparatively higher 11.58% 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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Risk-Adjusted Performance
^GDAXI vs. DIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) 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.
Drawdowns
^GDAXI vs. DIA - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, which is greater than DIA's maximum drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and DIA. For additional features, visit the drawdowns tool.
Volatility
^GDAXI vs. DIA - Volatility Comparison
DAX Performance Index (^GDAXI) has a higher volatility of 3.97% compared to SPDR Dow Jones Industrial Average ETF (DIA) at 2.89%. This indicates that ^GDAXI'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.