State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)
$519.10−0.38%close of Oct 16, 2026
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) is an exchange-traded fund (ETF) run by SPDR (State Street). This fund owns the 30 well known US companies in the Dow Jones Industrial Average. It charges 0.16% a year. From January 1998 to October 2026 it returned about 9.0% a year, and its worst drop was −51.9%.
Written by the Tactfolio research team. Fund facts checked October 17, 2026. Prices through October 16, 2026.
- Yearly fee
- 0.16%
- about $16 on $10,000
- 1-year return
- 14.6%
- to Oct 16, 2026
- Return per year
- 9.0%
- since January 1998
- Worst drop
- −51.9%
- since 1998
- Below its high
- −4.0%
- now
- Volatility
- 18.5%
- yearly swings
- Issuer
- SPDR (State Street)
- Tracks
- Dow Jones Industrial Average
- Started trading
- January 14, 1998
- Type
- US stocks, ETF
- Holdings
- 30 holdings as of October 15, 2026
- Expense ratio
- 0.16% a year
How has DIA done since 1998?#
From January 1998 to October 2026, DIA returned about 9.0% a year. The S&P 500 returned about 9.3% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $119,764 at the end, with every dividend reinvested.
| Period | DIA | S&P 500 (SPY) |
|---|---|---|
| 1 month | 1.0% | 1.5% |
| 3 months | −0.7% | 1.9% |
| 6 months | 7.7% | 9.3% |
| Year to date | 9.2% | 12.8% |
| 1 year | 14.6% | 16.8% |
| 3 years per year | 17.0% | 22.0% |
| 5 years per year | 9.9% | 12.8% |
| 10 years per year | 13.3% | 15.4% |
| Since 1998 per year | 9.0% | 9.3% |
Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.
DIA returns by month and year#
DIA rose in 221 of its 346 months (64%). Its best month was October 2022, at 14.0%. Its worst was August 1998, at −15.2%.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.2% | 1.8 | 0.3 | −5.2 | 7.3 | 2.9 | 2.6 | 0.4 | 1.5 | −4.1 | 2.1 | ||
| 2025 | 14.7% | 4.7 | −1.4 | −4.0 | −3.2 | 4.1 | 4.5 | 0.2 | 3.4 | 2.0 | 2.6 | 0.4 | 0.9 |
| 2024 | 14.8% | 1.3 | 2.4 | 2.3 | −4.9 | 2.6 | 1.2 | 4.5 | 2.0 | 2.0 | −1.2 | 7.8 | −5.2 |
| 2023 | 16.0% | 3.0 | −4.0 | 2.1 | 2.6 | −3.2 | 4.6 | 3.5 | −2.0 | −3.4 | −1.3 | 9.2 | 4.9 |
| 2022 | −7.0% | −3.3 | −3.2 | 2.4 | −4.9 | 0.4 | −6.6 | 6.8 | −3.8 | −8.7 | 14.0 | 5.9 | −4.1 |
| 2021 | 20.8% | −1.9 | 3.4 | 6.9 | 2.7 | 2.2 | 0.0 | 1.4 | 1.5 | −4.2 | 5.9 | −3.5 | 5.5 |
| 2020 | 9.6% | −0.9 | −9.6 | −13.6 | 11.0 | 4.8 | 1.7 | 2.6 | 7.8 | −2.1 | −4.4 | 12.2 | 3.3 |
| 2019 | 25.0% | 7.3 | 4.0 | 0.2 | 2.6 | −6.4 | 7.4 | 1.1 | −1.4 | 2.2 | 0.6 | 4.1 | 1.8 |
| 2018 | −3.7% | 5.7 | −4.0 | −3.3 | 0.1 | 1.4 | −0.4 | 4.9 | 2.5 | 2.0 | −4.9 | 2.0 | −8.5 |
| 2017 | 28.1% | 0.5 | 5.1 | −0.6 | 1.4 | 0.7 | 1.7 | 2.7 | 0.6 | 2.2 | 4.5 | 4.2 | 2.1 |
| 2016 | 16.4% | −5.5 | 0.7 | 7.3 | 0.6 | 0.4 | 1.0 | 2.9 | 0.3 | −0.4 | −0.8 | 5.9 | 3.4 |
| 2015 | 0.1% | −3.5 | 6.0 | −1.8 | 0.4 | 1.3 | −2.1 | 0.6 | −6.2 | −1.4 | 8.6 | 0.7 | −1.6 |
| 2014 | 9.7% | −5.2 | 4.3 | 0.9 | 0.8 | 1.2 | 0.8 | −1.4 | 3.6 | −0.2 | 2.0 | 2.9 | 0.1 |
| 2013 | 29.6% | 6.1 | 1.6 | 3.8 | 2.0 | 2.4 | −1.5 | 4.4 | −4.3 | 2.3 | 3.0 | 3.7 | 3.2 |
| 2012 | 9.9% | 3.6 | 2.8 | 2.1 | 0.1 | −5.8 | 4.0 | 1.1 | 1.2 | 2.6 | −2.4 | −0.1 | 0.7 |
| 2011 | 8.1% | 2.7 | 3.2 | 0.9 | 4.2 | −1.7 | −1.2 | −2.1 | −3.9 | −5.9 | 9.7 | 1.0 | 1.7 |
| 2010 | 14.0% | −3.4 | 3.0 | 5.3 | 1.5 | −7.5 | −3.5 | 7.2 | −3.9 | 7.9 | 3.2 | −0.7 | 5.4 |
| 2009 | 22.7% | −8.3 | −11.2 | 7.4 | 7.9 | 4.9 | −0.5 | 8.4 | 4.1 | 2.3 | 0.1 | 7.1 | 0.9 |
| 2008 | −32.1% | −4.8 | −2.2 | −0.2 | 4.9 | −1.4 | −9.9 | 0.4 | 1.8 | −5.9 | −13.6 | −5.1 | −0.6 |
| 2007 | 8.8% | 1.5 | −2.7 | 1.0 | 5.8 | 4.6 | −1.4 | −1.4 | 1.2 | 4.3 | 0.1 | −3.2 | −1.0 |
| 2006 | 18.9% | 1.4 | 1.7 | 1.5 | 2.4 | −1.6 | 0.2 | 0.2 | 1.9 | 2.8 | 3.5 | 1.6 | 2.0 |
| 2005 | 1.6% | −2.4 | 3.0 | −2.4 | −2.9 | 3.0 | −1.7 | 3.9 | −1.3 | 1.0 | −1.6 | 4.4 | −0.9 |
| 2004 | 5.0% | 0.6 | 1.2 | −1.9 | −1.4 | 0.1 | 2.5 | −2.7 | 0.4 | −0.9 | −0.4 | 4.5 | 3.2 |
| 2003 | 27.9% | −3.1 | −1.6 | 0.8 | 6.5 | 4.9 | 1.5 | 3.0 | 2.2 | −1.2 | 5.4 | 0.4 | 6.8 |
| 2002 | −14.7% | −0.5 | 2.0 | 2.7 | −4.0 | −0.1 | −6.6 | −5.6 | −0.6 | −11.9 | 10.3 | 6.4 | −5.8 |
| 2001 | −5.0% | 1.9 | −3.2 | −5.4 | 8.2 | 1.9 | −3.4 | −0.1 | −4.8 | −11.3 | 2.8 | 8.9 | 1.4 |
| 2000 | −6.0% | −4.9 | −7.1 | 7.9 | −1.7 | −1.9 | −0.8 | 0.7 | 7.2 | −5.1 | 2.7 | −4.4 | 2.4 |
| 1999 | 27.7% | 2.1 | −0.3 | 5.4 | 10.1 | −2.1 | 4.1 | −2.7 | 2.0 | −4.2 | 3.8 | 1.2 | 6.1 |
| 1998 | 17.8% | 0.5 | 8.0 | 3.0 | 3.4 | −2.1 | 1.2 | −1.3 | −15.2 | 4.6 | 10.0 | 5.7 | 1.0 |
Each month runs from the last close of the month before. The first month counts from the first close.
How risky is DIA compared with the S&P 500?#
Measured from October 2021 to October 2026, on the days both traded.
- Beta 0.79. When the S&P 500 moved 1% in a day, DIA tended to move about 0.79%.
- Correlation 0.91. DIA mostly moved with the S&P 500.
- Up and down months. In months the S&P 500 rose, DIA rose 89% as much on average. In months it fell, DIA fell 96% as much.
| Measure | DIA | S&P 500 (SPY) |
|---|---|---|
| Return per year | 10.0% | 12.8% |
| Volatility | 14.8% | 17.1% |
| Worst drop | −20.8% | −24.5% |
| Sharpe ratio | 0.72 | 0.79 |
| Sortino ratio | 1.05 | 1.15 |
| Calmar ratio | 0.48 | 0.52 |
Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.
Is DIA above its 200-day average?#
DIA closed 3.5% above its 200-day average on October 16, 2026. A rule that holds DIA only above that average would hold it today.
- vs 200-day average
- +3.5%
- above it
- 50-day vs 200-day
- +4.4%
- trend rising
- vs 52-week high
- −4.0%
- high of $540.99
A moving average is the average close over the last so many days. Trend rules such as the 10-month moving average strategy hold a fund only while it is above one. You can build that rule for DIA and backtest it in a minute.
What was DIA’s worst drop?#
A drawdown is how far a fund falls from its last high point. DIA’s worst fall was −51.9%, from October 9, 2007 to March 9, 2009. It got back to that high on January 19, 2012. On October 16, 2026 it was 4.0% below its highest close.
| Drop | From the high | To the bottom | Back to the high |
|---|---|---|---|
| −51.9% | Oct 9, 2007 | Mar 9, 200917 months | Jan 19, 20122.9 years |
| −36.7% | Feb 12, 2020 | Mar 23, 202040 days | Nov 9, 20208 months |
| −35.0% | Jan 14, 2000 | Oct 9, 20022.7 years | Dec 21, 20042.2 years |
| −20.8% | Jan 4, 2022 | Sep 30, 20229 months | Nov 29, 202314 months |
| −19.6% | Jul 17, 1998 | Aug 31, 19981 months | Nov 23, 19983 months |
Big drops are normal for some funds. They matter because selling during a drop locks in the loss.
What does DIA hold?#
This fund owns the 30 well known US companies in the Dow Jones Industrial Average. The index gives more weight to stocks with higher share prices, not bigger companies. With only 30 stocks, it is less spread out than the S&P 500.
It tracks the Dow Jones Industrial Average. It had 30 holdings as of October 15, 2026, according to SPDR (State Street).
What is the DIA expense ratio?#
DIA charges 0.16% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.16% fee comes to about $16 a year. Of the 162 ETFs on Tactfolio, 41% charge more.
You never get a bill for it. The fund takes the fee out of its own value a little each day.
Which Tactfolio strategies hold DIA?#
No classic strategy holds DIA yet. You can add it to your own rules in the builder and see how they would have done.
How does DIA compare with similar ETFs?#
Funds that can stand in for DIA:
- SCHX: Schwab U.S. Large-Cap ETF, 0.03% a year
- VV: Vanguard Morningstar Large-Cap ETF, 0.03% a year
- IWB: iShares Russell 1000 ETF, 0.15% a year
- SPYM: State Street SPDR Portfolio S&P 500 ETF, 0.02% a year
See all 8 DIA alternatives, compared on the same dates as DIA.
Test DIA in your own rules#
Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add DIA, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.
The details#
Prices come from Tactfolio’s stored daily prices for DIA and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.
Fund facts come from SPDR (State Street). We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.
Common questions#
What is the expense ratio of DIA?#
DIA charges 0.16% a year, according to SPDR (State Street) as of October 17, 2026. That is about $16 a year for every $10,000 you hold.
When did DIA start trading?#
DIA started trading on January 14, 1998. It is run by SPDR (State Street).
What does DIA track?#
DIA tracks the Dow Jones Industrial Average. This fund owns the 30 well known US companies in the Dow Jones Industrial Average.
How much has DIA returned per year?#
From January 1998 to October 2026, DIA returned about 9.0% a year with dividends reinvested. Its worst drop was −51.9%. Past returns do not tell you what it will do next.
Is DIA above its 200-day moving average?#
On October 16, 2026, DIA closed 3.5% above its 200-day moving average. This page updates after each US market close.
Which strategies use DIA?#
None of Tactfolio’s classic strategies hold DIA yet. You can test it in your own rules in the builder.