DIA vs IVV
State Street SPDR Dow Jones Industrial Average ETF Trust vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | DIA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.16% | 0.03% | |
| AUM | $46.9B | $907.0B | |
| Dividend Yield | 1.37% | 1.10% | |
| Holdings | 31 | 508 | |
| YTD Return | +11.86% | +14.29% | |
| 1Y Return | +21.31% | +21.79% | |
| 3Y Return (annualized) | +17.28% | +22.19% | |
| 5Y Return (annualized) | +10.45% | +13.28% | |
| Volatility (annualized) | 15.0% | 15.1% | |
| Max Drawdown | -53.8% | -56.5% | |
| Fund Family | SPDR State Street Global Advisors | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jan 14, 1998 | May 15, 2000 |
DIA vs IVV Performance
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) is a ETF from SPDR State Street Global Advisors and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DIA returned +21.31% while IVV returned +21.79%. Year to date, DIA is up 11.86% versus a gain of 14.29% for IVV.
Over three years, DIA compounded at +17.28% per year against +22.19% for IVV; over five years the annualized figures are +10.45% and +13.28% respectively. Across the full 26-year window we track, DIA has the edge at +7.31% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 15.0% for DIA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -53.8% for DIA and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DIA charges 0.16% per year while IVV charges 0.03%. On a $10,000 position that is $16 vs $3 annually, a gap of $13 per year that compounds over a long holding period. On income, DIA currently yields 1.37% against 1.10% for IVV.
Holdings Overlap
DIA and IVV share 30 holdings out of 505 unique holdings combined, representing a 28.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DIA or IVV?
DIA has an expense ratio of 0.16% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
Which performed better, DIA or IVV?
Over the past year DIA returned +21.31% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), DIA annualized +7.31% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, DIA or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 15.0% for DIA. Worst drawdown: DIA -53.8% vs IVV -56.5%.
Should I hold both DIA and IVV?
DIA and IVV have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DIA and IVV?
DIA and IVV share 30 common holdings with a 28.1% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, DIA or IVV?
DIA yields 1.37% while IVV yields 1.10%, so DIA currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.