DJIA vs SPY
Global X Dow 30 Covered Call ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DJIA | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.09% | |
| AUM | $192M | $821.1B | |
| Dividend Yield | 10.51% | 1.01% | |
| Holdings | 34 | 505 | |
| YTD Return | +8.72% | +12.68% | |
| 1Y Return | +17.32% | +21.82% | |
| 3Y Return (annualized) | +11.86% | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 9.5% | 15.3% | |
| Max Drawdown | -16.9% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 23, 2022 | Jan 22, 1993 |
DJIA vs SPY Performance
Global X Dow 30 Covered Call ETF (DJIA) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DJIA returned +17.32% while SPY returned +21.82%. Year to date, DJIA is up 8.72% versus a gain of 12.68% for SPY.
Over three years, DJIA compounded at +11.86% per year against +21.98% for SPY. Across the full 5-year window we track, SPY has the edge at +8.81% annualized vs +8.59%. 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 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 -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 0.79. 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 10.51% against 1.01% for SPY.
Holdings Overlap
DJIA and SPY share 19 holdings out of 508 unique holdings combined, representing a 14.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $51 per year of difference.
Which performed better, DJIA or SPY?
Over the past year DJIA returned +17.32% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), DJIA annualized +8.59% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, DJIA or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.5% for DJIA. Worst drawdown: DJIA -16.9% vs SPY -56.5%.
Should I hold both DJIA and SPY?
DJIA and SPY have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DJIA and SPY?
DJIA and SPY share 19 common holdings with a 14.8% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, DJIA or SPY?
DJIA yields 10.51% while SPY yields 1.01%, so DJIA currently pays the higher dividend yield.
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