DIA
SPDR Dow Jones Industrial Average ETF TrustDIA Fund Description
The SPDR Dow Jones Industrial Average ETF tracks a price-weighted index of 30 large-cap US stocks, selected by the editors of the Wall Street Journal.
DIA Factset Analytics Insight
Despite the name recognition that comes from tracking the Dow and its own popularity, DIA is not the ideal ETF for investors who want broad-based exposure to US large-caps. The fund’s tiny portfolio, arbitrary selection, and antiquated weighting produce significant sector biases relative to the market, and cover only a fraction of the large-cap space, typically represented by hundreds of names. Stocks are price-weighted, not cap-weighted, which can produce major sector realignments when multiple holdings change, as occurred in September 2013. Still, DIA tends to move with the broader market day-to-day, and some may prefer its typically (slightly) lower beta.DIA is extremely liquid, with huge assets and a long track record, and is reasonably priced. The fund’s UIT structure is shared by a few other long-lived ETFs (like SPY), with the most notable effects being a slight cash drag since stock dividends received in between the ETF’s distributions can’t be reinvested as is typically the case. UITs must also hold every stock in the index at all times, which can tie the PM’s hands. Still, for exposure to the Dow—a concentrated, universally-cited basket of household names—DIA is a great choice.
DIA MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of August 19, 2018 the SPDR Dow Jones Industrial Average ETF Trust MSCI ESG Fund Quality Score is 6.14 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. DIA ranks in the 95th percentile within its peer group and in the 72nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
DIA CHARTS AND PERFORMANCE
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DIA Top 10 Countries
DIA Top 10 Sectors
DIA Top 10 Holdings [View All]
DIA Summary Data
DIA Portfolio Data
DIA Portfolio Management
DIA Tax Exposures
DIA Fund Structure
DIA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DIA. DIA is rated a 5 out of 5.
DIA Tradability
DIA Sector/Industry Breakdown
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DIA TOP 10 HOLDINGS[View All]
DIA Countries
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DIA Regions
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DIA Economic Development
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DIA Performance Statistics
DIA MSCI ESG Ratings
DIA BENCHMARK COMPARISON SUMMARY
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DIA BENCHMARK COMPARISON MARKET CAP SIZE
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Options Strategies for Outcome Investing
Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.