DJD vs SPY
Invesco Dow Jones Industrial Average Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
DJD has a lower expense ratio. DJD delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DJD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.09% | |
| AUM | $502M | $821.1B | |
| Dividend Yield | 2.43% | 1.01% | |
| Holdings | 30 | 505 | |
| YTD Return | +16.23% | +12.93% | |
| 1Y Return | +24.44% | +20.62% | |
| 3Y Return (annualized) | +18.61% | +22.00% | |
| 5Y Return (annualized) | +11.56% | +13.33% | |
| Volatility (annualized) | 14.4% | 15.3% | |
| Max Drawdown | -35.4% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 16, 2015 | Jan 22, 1993 |
DJD vs SPY Performance
Invesco Dow Jones Industrial Average Dividend ETF (DJD) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DJD returned +24.44% while SPY returned +20.62%. Year to date, DJD is up 16.23% versus a gain of 12.93% for SPY.
Over three years, DJD compounded at +18.61% per year against +22.00% for SPY; over five years the annualized figures are +11.56% and +13.33% respectively. Across the full 11-year window we track, DJD has the edge at +10.86% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.4% for DJD. 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 -35.4% for DJD and -56.5% for SPY. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DJD charges 0.07% per year while SPY charges 0.09%. On a $10,000 position that is $7 vs $9 annually, a gap of $2 per year that compounds over a long holding period. On income, DJD currently yields 2.43% against 1.01% for SPY.
Holdings Overlap
DJD and SPY share 28 holdings out of 504 unique holdings combined, representing a 13.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DJD or SPY?
DJD has an expense ratio of 0.07% while SPY charges 0.09%. DJD is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, DJD or SPY?
Over the past year DJD returned +24.44% vs +20.62% for SPY, so DJD leads on 1-year performance. Over the longest common window we track (11 years), DJD annualized +10.86% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, DJD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.4% for DJD. Worst drawdown: DJD -35.4% vs SPY -56.5%.
Should I hold both DJD and SPY?
DJD and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DJD and SPY?
DJD and SPY share 28 common holdings with a 13.8% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, DJD or SPY?
DJD yields 2.43% while SPY yields 1.01%, so DJD 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.