DIA vs VOO
State Street SPDR Dow Jones Industrial Average ETF Trust vs Vanguard S&P 500 ETF
Which is better, DIA or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. VOO is less concentrated, with 37.6% 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 | VOO |
|---|---|---|
| Expense Ratio | 0.16% | 0.03%Best |
| AUM | $45.2B | $997.4B |
| Dividend Yield | 1.38% | 1.04% |
| Holdings | 31 | 509 |
| YTD Return | +7.20% | +12.67%Best |
| 1Y Return | +12.39% | +16.35%Best |
| 3Y Return (annualized) | +17.13% | +22.92%Best |
| 5Y Return (annualized) | +10.28% | +13.55%Best |
| Volatility (annualized) | 13.8%Best | 14.1% |
| Max Drawdown | -37.1% | -34.3%Best |
| $10,000 over 5 years | $16,311 | $18,877Best |
| Top 10 Weight | 55.0% | 37.6%Best |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jan 14, 1998 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 28, 2026 (16.1 years).
DIA vs VOO 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 16.1 years both funds cover.
DIA vs VOO Performance
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) is an ETF from SPDR State Street Global Advisors and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year DIA returned +12.39% while VOO returned +16.35%. Year to date, DIA is up 7.20% versus a gain of 12.67% for VOO.
Over three years, DIA compounded at +17.13% per year against +22.92% for VOO; over five years the annualized figures are +10.28% and +13.55% respectively. Across the full 16-year window we track, VOO has the edge at +13.38% annualized vs +11.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.8% 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 -37.1% for DIA and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 VOO 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 1.04% for VOO.
Holdings Overlap
99.8% of DIA's money is in holdings VOO also owns. 39.0% of VOO's money is in holdings DIA also owns.
Most of DIA is already inside VOO. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 30 positions we hold weights for in DIA and 494 in VOO, against full books of 31 and 509.
What only one of them owns
Measured across the 30 and 494 positions we hold weights for.
VOO holds 457 positions DIA does not, 60.2% of the fund.
Largest: AVGO 2.86%, GOOG 2.62%, META 1.90%, BRK.B 1.46%, MU 1.44%
Top Shared Holdings
| Stock | Weight in DIA | Weight in VOO | Difference |
|---|---|---|---|
| GSGoldman Sachs Group Inc/The | 11.40% | 0.45% | 10.95% |
| MSFTMicrosoft Corp | 5.66% | 5.36% | 0.30% |
| AAPLApple, Inc | 3.54% | 7.05% | 3.51% |
| NVDANvidia Corp | 2.47% | 7.55% | 5.08% |
| CATCaterpillar, Inc. | 8.90% | 0.58% | 8.32% |
| GOOGLAlphabet Inc,class A | 3.79% | 3.24% | 0.55% |
| AMZNAmazon.Com Inc | 2.90% | 4.13% | 1.23% |
| JPMJpmorgan Chase | 3.98% | 1.46% | 2.52% |
| VVisa Inc Class A | 4.24% | 0.93% | 3.31% |
| AMGNAmgen Inc. | 4.80% | 0.32% | 4.48% |
99.8% of DIA is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIA or VOO?
DIA has an expense ratio of 0.16% while VOO charges 0.03%. VOO is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, DIA or VOO?
Over the past year DIA returned +12.39% vs +16.35% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), DIA annualized +11.12% vs +13.38% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIA or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.8% for DIA. Worst drawdown: DIA -37.1% vs VOO -34.3%.
Should I hold both DIA and VOO?
DIA and VOO have a monthly-return correlation of 0.94, 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 VOO?
99.8% of DIA's money is in holdings VOO also owns. 39.0% of VOO's is in holdings DIA also owns. They hold 30 positions in common, counted across the 30 positions we hold weights for in DIA and 494 in VOO.
Which pays a higher dividend, DIA or VOO?
DIA yields 1.38% while VOO yields 1.04%, so DIA currently pays the higher dividend yield.
Is VOO better than DIA?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. VOO is less concentrated, with 37.6% 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.