DJIA vs SPY
Global X Dow 30 Covered Call ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DJIA or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY 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 | DJIA | SPY |
|---|---|---|
| Expense Ratio | 0.60% | 0.09%Best |
| AUM | $192M | $804.7B |
| Dividend Yield | 10.08% | 0.98% |
| Holdings | 34 | 505 |
| YTD Return | +7.23% | +12.22%Best |
| 1Y Return | +14.02% | +16.97%Best |
| 3Y Return (annualized) | +11.09% | +21.16%Best |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 9.5%Best | 15.6% |
| Max Drawdown | -16.9%Best | -22.1% |
| $10,000 over 4.6 years | $14,321 | $19,028Best |
| Top 10 Weight | 55.0% | 37.8%Best |
| Fund Family | Global X by mirae Asset | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 23, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 24, 2022 to Sep 17, 2026 (4.6 years).
DJIA vs SPY 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 4.6 years both funds cover.
DJIA vs SPY Performance
Global X Dow 30 Covered Call ETF (DJIA) is an ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DJIA returned +14.02% while SPY returned +16.97%. Year to date, DJIA is up 7.23% versus a gain of 12.22% for SPY.
Over three years, DJIA compounded at +11.09% per year against +21.16% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 9.5% for DJIA. 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 -16.9% for DJIA and -22.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DJIA charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, DJIA currently yields 10.08% against 0.98% for SPY.
Holdings Overlap
100.0% of DJIA's money is in holdings SPY also owns. 39.3% of SPY's money is in holdings DJIA also owns.
Most of DJIA is already inside SPY. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 30 positions we hold weights for in DJIA and 504 in SPY, against full books of 34 and 505.
What only one of them owns
Our book lists 467 positions for SPY that do not appear in our book for DJIA (60.0% of the fund), and 0 for DJIA that do not appear in SPY (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DJIA | Weight in SPY | Difference |
|---|---|---|---|
| GSGoldman Sachs Group Inc/The | 11.32% | 0.45% | 10.87% |
| MSFTMicrosoft Corp | 5.66% | 5.66% | 0.00% |
| AAPLApple, Inc | 3.67% | 7.26% | 3.59% |
| NVDANvidia Corp | 2.46% | 8.01% | 5.55% |
| CATCaterpillar, Inc. | 8.80% | 0.55% | 8.25% |
| GOOGLAlphabet Inc,class A | 3.78% | 2.99% | 0.79% |
| AMZNAmazon.Com Inc | 2.88% | 3.79% | 0.91% |
| JPMJpmorgan Chase | 4.01% | 1.45% | 2.56% |
| AMGNAmgen Inc. | 4.95% | 0.36% | 4.59% |
| VVisa Inc Class A | 4.21% | 0.94% | 3.27% |
100.0% of DJIA is already inside SPY.
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, DJIA or SPY?
DJIA has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, DJIA or SPY?
Over the past year DJIA returned +14.02% vs +16.97% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DJIA or SPY?
SPY has been the more volatile fund at 15.6% annualized versus 9.5% for DJIA. Worst drawdown: DJIA -16.9% vs SPY -22.1%.
Should I hold both DJIA and SPY?
DJIA and SPY have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DJIA and SPY?
100.0% of DJIA's money is in holdings SPY also owns. 39.3% of SPY's is in holdings DJIA also owns. They hold 30 positions in common, counted across the 30 positions we hold weights for in DJIA and 504 in SPY.
Which pays a higher dividend, DJIA or SPY?
DJIA yields 10.08% while SPY yields 0.98%, so DJIA currently pays the higher dividend yield.
Is SPY better than DJIA?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY 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.