Average Daily Volume
3.31M
Fund Overview
The SPDR Dow Jones Industrial Average ETF Trust (DIA) is an exchange-traded fund designed to track the performance of the Dow Jones Industrial Average (DJIA), one of the oldest and most widely followed stock market indices. The DJIA consists of 30 large-cap, blue-chip U.S. companies that are leaders in their respective industries. DIA provides investors with exposure to a diversified portfolio of established firms, including names like Apple, Goldman Sachs, and Boeing. The fund is structured as a unit investment trust (UIT), meaning it holds the exact stocks in the same proportions as the DJIA and does not engage in active management or frequent rebalancing. DIA is one of the oldest ETFs, launched in 1998, and is known for its liquidity and tight bid-ask spreads.
- Asset Class
-
Equity
- Industry
-
Broad Industrials
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 1.56 %
- Currency Hedged
-
No
- Portfolio Turnover
-
3 %
- Dividend Date
-
Why Invest in the DIA ETF?
Potential Benefits
- Provides exposure to 30 large-cap, blue-chip U.S. companies with strong market positions and historical performance.
- Highly liquid with tight bid-ask spreads, making it easy to trade.
- Low expense ratio (0.16%) compared to many actively managed funds.
- Tracks the Dow Jones Industrial Average, a well-known and widely followed benchmark.
- Dividend-paying constituents provide potential income in addition to capital appreciation.
Potential Risks
- Limited diversification with only 30 holdings, making it more concentrated than broader market ETFs.
- Price-weighted index methodology can skew performance toward higher-priced stocks regardless of market cap.
- Sector concentration risk, with significant exposure to financials, healthcare, and industrials.
- No international exposure, making it vulnerable to U.S.-specific economic downturns.
- Dividends are not reinvested automatically, requiring manual management for compounding.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+1.8%
|
+0.3%
|
-5.2%
|
+7.3%
|
+2.9%
|
+2.6%
|
+0.4%
|
+1.5%
|
-4.1%
|
+1.2%
|
-
|
-
|
| 2025 |
+4.7%
|
-1.4%
|
-4.0%
|
-3.2%
|
+4.1%
|
+4.5%
|
+0.2%
|
+3.4%
|
+2.0%
|
+2.6%
|
+0.4%
|
+0.9%
|
| 2024 |
+1.3%
|
+2.4%
|
+2.2%
|
-4.9%
|
+2.6%
|
+1.2%
|
+4.5%
|
+2.0%
|
+2.0%
|
-1.3%
|
+7.8%
|
-5.2%
|
| 2023 |
+3.0%
|
-4.0%
|
+2.1%
|
+2.6%
|
-3.2%
|
+4.6%
|
+3.5%
|
-2.0%
|
-3.4%
|
-1.3%
|
+9.2%
|
+4.9%
|
| 2022 |
-3.3%
|
-3.2%
|
+2.4%
|
-4.9%
|
+0.4%
|
-6.6%
|
+6.8%
|
-3.8%
|
-8.7%
|
+14.0%
|
+5.9%
|
-4.1%
|
| 2021 |
-1.9%
|
+3.4%
|
+6.9%
|
+2.7%
|
+2.2%
|
-0.1%
|
+1.4%
|
+1.4%
|
-4.2%
|
+5.9%
|
-3.5%
|
+5.5%
|
| 2020 |
-0.9%
|
-9.6%
|
-13.6%
|
+11.0%
|
+4.8%
|
+1.7%
|
+2.6%
|
+7.8%
|
-2.1%
|
-4.4%
|
+12.2%
|
+3.3%
|
| 2019 |
+7.3%
|
+3.9%
|
+0.2%
|
+2.6%
|
-6.4%
|
+7.4%
|
+1.1%
|
-1.4%
|
+2.2%
|
+0.5%
|
+4.1%
|
+1.8%
|
| 2018 |
+5.7%
|
-4.1%
|
-3.3%
|
+0.1%
|
+1.4%
|
-0.4%
|
+4.8%
|
+2.4%
|
+2.0%
|
-4.9%
|
+2.0%
|
-8.5%
|
| 2017 |
+0.5%
|
+5.1%
|
-0.6%
|
+1.4%
|
+0.7%
|
+1.7%
|
+2.7%
|
+0.6%
|
+2.2%
|
+4.5%
|
+4.2%
|
+2.1%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
UNH
|
UNITEDHEALTH GROUP INC |
8.7 % |
|
GS
|
THE GOLDMAN SACHS GROUP INC |
7.8 % |
|
MSFT
|
MICROSOFT CORP |
5.9 % |
|
HD
|
THE HOME DEPOT INC |
5.4 % |
|
SHW
|
SHERWIN-WILLIAMS CO |
5.1 % |
|
V
|
VISA INC CLASS A |
5.0 % |
|
MCD
|
MCDONALD'S CORP |
4.6 % |
|
CAT
|
CATERPILLAR INC |
4.5 % |
|
AMGN
|
AMGEN INC |
4.4 % |
|
CRM
|
SALESFORCE INC |
4.0 % |
Top 10 holdings shown, out of 31 total holdings.
Related ETFs: DIA vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
DIA is designed to track the Dow Jones Industrial Average (DJIA), a price-weighted index of 30 large-cap U.S. companies. Unlike market-cap-weighted indices, the DJIA gives higher weight to stocks with higher share prices, regardless of company size. The fund holds the exact stocks in the same proportions as the index and does not engage in active management. Rebalancing occurs only when there are changes to the DJIA constituents, which are infrequent. The fund primarily holds common stocks and does not use derivatives or leverage.
Frequently Asked Questions
How often does DIA rebalance?
DIA rebalances only when there are changes to the Dow Jones Industrial Average constituents, which occur infrequently and at the discretion of S&P Dow Jones Indices.
Does DIA pay dividends?
Yes, DIA distributes dividends from its underlying holdings quarterly, but dividends are not automatically reinvested.
Why does DIA hold only 30 stocks?
DIA tracks the Dow Jones Industrial Average, which by design includes 30 large-cap U.S. companies selected for their market leadership and representation of the broader economy.
Is DIA a good long-term investment?
DIA can be a core holding for investors seeking blue-chip exposure, but its concentration and price-weighting may underperform broader market ETFs over time.
Industry Overview
The SPDR Dow Jones Industrial Average ETF Trust (DIA) provides exposure to large-cap U.S. equities, specifically targeting the 30 blue-chip companies that make up the Dow Jones Industrial Average. The DJIA is often seen as a barometer of the broader U.S. economy, given its inclusion of industry leaders across multiple sectors. Investing in DIA allows investors to gain diversified exposure to established firms with strong balance sheets and competitive advantages. However, the index's price-weighted methodology and limited number of holdings mean it may not fully represent the broader market compared to cap-weighted indices like the S&P 500.
Alternative Comparison
Compared to SPY (which tracks the S&P 500), DIA offers a more concentrated portfolio of 30 stocks versus 500, potentially leading to higher volatility. Unlike cap-weighted funds like IVV or VOO, DIA's price-weighting can result in outsized influence from high-priced stocks. However, DIA's lower turnover and focus on blue-chip companies may appeal to investors seeking stability. Expense-wise, DIA's 0.16% fee is slightly higher than some broad-market ETFs but remains competitive for a targeted large-cap strategy.
Issuer Overview
DIA is issued by State Street Global Advisors (SSGA), one of the largest ETF providers in the world. SSGA is known for its SPDR family of ETFs, including the widely traded SPY (S&P 500 ETF). The firm has a long history of providing low-cost, passively managed investment products and is a pioneer in the ETF space.
Conclusion
DIA is a well-established ETF that provides targeted exposure to the Dow Jones Industrial Average's 30 blue-chip stocks. Its simplicity, liquidity, and focus on industry leaders make it a viable option for investors seeking large-cap U.S. equity exposure. However, its price-weighted methodology and limited diversification may not suit all investors, particularly those preferring broader market coverage or factor-based strategies.
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