DIA vs IVV
State Street SPDR Dow Jones Industrial Average ETF Trust vs iShares Core S&P 500 ETF
Which is better, DIA or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 55.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DIA | IVV |
|---|---|---|
| Expense Ratio | 0.16% | 0.03%Best |
| AUM | $45.2B | $876.4B |
| Dividend Yield | 1.38% | 1.06% |
| Holdings | 31 | 508 |
| YTD Return | +7.92% | +13.85%Best |
| 1Y Return | +14.04% | +18.57%Best |
| 3Y Return (annualized) | +17.27% | +23.50%Best |
| 5Y Return (annualized) | +10.07% | +13.34%Best |
| Volatility (annualized) | 14.6%Best | 15.1% |
| Max Drawdown | -53.8%Best | -56.5% |
| $10,000 over 5 years | $16,156 | $18,703Best |
| Top 10 Weight | 55.0% | 37.8%Best |
| Fund Family | SPDR State Street Global Advisors | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jan 14, 1998 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 25, 2026 (26.4 years).
DIA vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 26.4 years both funds cover.
DIA vs IVV Performance
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) is an ETF from SPDR State Street Global Advisors and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year DIA returned +14.04% while IVV returned +18.57%. Year to date, DIA is up 7.92% versus a gain of 13.85% for IVV.
Over three years, DIA compounded at +17.27% per year against +23.50% for IVV; over five years the annualized figures are +10.07% and +13.34% respectively. Across the full 26-year window we track, IVV has the edge at +7.01% annualized vs +6.57%.
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 14.6% 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 what each fund did in the worst stretch of the window measured above.
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 1.38% against 1.06% for IVV.
Holdings Overlap
99.4% of DIA's money is in holdings IVV also owns. 39.1% of IVV's money is in holdings DIA also owns.
Most of DIA is already inside IVV. Owning both mostly buys the same companies twice.
29 positions in common, counted across the 30 positions we hold weights for in DIA and 490 in IVV, against full books of 31 and 508.
What only one of them owns
Measured across the 30 and 490 positions we hold weights for.
IVV holds 453 positions DIA does not, 59.6% of the fund.
Largest: AVGO 2.65%, GOOG 2.39%, META 1.90%, MU 1.63%, TSLA 1.56%
Top Shared Holdings
| Stock | Weight in DIA | Weight in IVV | Difference |
|---|---|---|---|
| GSGoldman Sachs Group Inc/The | 11.40% | 0.46% | 10.94% |
| MSFTMicrosoft Corp | 5.66% | 5.69% | 0.03% |
| AAPLApple, Inc | 3.54% | 7.02% | 3.48% |
| NVDANvidia Corp | 2.47% | 8.07% | 5.60% |
| CATCaterpillar, Inc. | 8.90% | 0.55% | 8.35% |
| GOOGLAlphabet Inc,class A | 3.79% | 3.00% | 0.79% |
| AMZNAmazon.Com Inc | 2.90% | 3.84% | 0.94% |
| JPMJpmorgan Chase | 3.98% | 1.44% | 2.54% |
| VVisa Inc Class A | 4.24% | 0.95% | 3.29% |
| AMGNAmgen Inc. | 4.80% | 0.35% | 4.45% |
99.4% of DIA is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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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, by $13 a year on a $10,000 investment.
Which performed better, DIA or IVV?
Over the past year DIA returned +14.04% vs +18.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), DIA annualized +6.57% vs +7.01% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIA or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.6% 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. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DIA and IVV?
99.4% of DIA's money is in holdings IVV also owns. 39.1% of IVV's is in holdings DIA also owns. They hold 29 positions in common, counted across the 30 positions we hold weights for in DIA and 490 in IVV.
Which pays a higher dividend, DIA or IVV?
DIA yields 1.38% while IVV yields 1.06%, so DIA currently pays the higher dividend yield.
Is IVV better than DIA?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 55.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.