DIA SPDR Dow Jones Industrial Average ETF Trust

*Unless otherwise stated, data provided by FactSet.

DIA Fund Description

DIA 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. 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.

PERFORMANCE [as of 09/21/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DIA -10.21% -0.64% -15.71% -9.31% 5.92% 8.38% 10.74%
DIA (NAV) -10.24% -0.64% -15.71% -9.33% 5.92% 8.38% 10.74%
DJ Industrial Average -10.24% -0.60% -15.64% -9.21% 6.06% 8.53% 10.90%
MSCI USA Large Cap Index -10.28% 1.01% -20.49% -13.34% 10.16% 10.84% 12.29%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DIA Summary Data

SPDR
01/14/98
Unit Investment Trust
0.16%
$27.18B
$887.07M
0.01%

DIA Portfolio Data

$423.82B
17.39
4.27
2.06%
09/16/22
31

DIA Index Data

DJ Industrial Average
Price
Committee
MSCI USA Large Cap Index

DIA Portfolio Management

0.16%
-0.16%
-0.12%
-0.24%

DIA Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

DIA Fund Structure

Unit Investment Trust
No
No
-- / --
N/A
N/A
Low
Daily

DIA Factset Analytics Block Liquidity

As of 09/22/22
5
4
3
2
1

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

2,815,844
$887.07M
2,708,113
$839.08M
0.01%
$0.03
0.01%
0.55% / -1.40%
None
100.00%
50,000
54.16
0.01%
0.10%
597,989
$301.74
5

DIA Sector/Industry Breakdown


DIA
Segment Benchmark
16.14%
--
11.20%
--
11.10%
--
10.25%
--
10.10%
--
9.46%
--
8.02%
--
7.77%
--
6.42%
--
4.11%
--

DIA Countries


DIA
Segment Benchmark
100.00%
99.89%
--
0.11%

DIA Regions


DIA
Segment Benchmark
100.00%
100.00%

DIA Economic Development


DIA
Segment Benchmark
100.00%
100.00%
0.00%
0.00%

DIA Performance Statistics

0.90
0.77
0.79
0.80
0.44%
MSCI USA Large Cap Index

DIA Benchmark Comparison Holdings

31
297
30
26.30%

DIA Benchmark Comparison Summary


DIA
Segment Benchmark
31
297
$423.82B
$623.12B
17.39
19.80
4.27
4.32
1.99%
1.46%
High
Medium

DIA Benchmark Comparison Market Cap Size


DIA
Segment Benchmark
99.92%
99.96%
0.00%
0.04%
0.00%
0.00%
0.00%
0.00%

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