ETF Evaluator:
State Street®SPDR®DowJonesIndstrAvgETFTr (DIA)
Follow This ETF
(as of Jul 31)
Best Performing in Large Value Over the Last Year
| 80.0% | iShares MSCI USA Value Factor ETF (VLUE) |
| 37.2% | Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) |
| 36.6% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 35.3% | Avantis US Large Cap Value ETF (AVLV) |
| 35.1% | LSV Disciplined Value ETF (LSVD) |
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ETF Details
State Street®SPDR®DowJonesIndstrAvgETFTr Overview
State Street®SPDR®DowJonesIndstrAvgETFTr (DIA) is a passively managed U.S. Equity Large Value exchange-traded fund (ETF). State Street Investment Management launched the ETF in 1998.
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Dow Jones Industrial Average (the “DJIA”).
The Trust’s Portfolio consists of substantially all of the component common stocks that comprise the DJIA, which are weighted in accordance with the terms of the Trust Agreement.
About State Street®SPDR®DowJonesIndstrAvgETFTr (DIA)
There are 1 members of the management team with an average tenure of 28.48 years: Management Team (1998). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: DJ Industrial Average TR USD index with a weighting of 100%. State Street®SPDR®DowJonesIndstrAvgETFTr has 31 securities in its portfolio. The top 10 holdings constitute 56.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
State Street®SPDR®DowJonesIndstrAvgETFTr is part of the Equity global asset class and is within the U.S. Equity ETF group. State Street®SPDR®DowJonesIndstrAvgETFTr has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.6% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). State Street®SPDR®DowJonesIndstrAvgETFTr has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $44 billion in total assets, which is above the $5 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DIA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The State Street®SPDR®DowJonesIndstrAvgETFTr expense ratio is low compared to funds in the Large Value category. State Street®SPDR®DowJonesIndstrAvgETFTr has an expense ratio of 0.16%, which is 57% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. State Street®SPDR®DowJonesIndstrAvgETFTr has a portfolio turnover rate of 8%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 41% for the Large Value category.
Recently, in the month of June 2026, State Street®SPDR®DowJonesIndstrAvgETFTr returned 2.6%, which earned it a grade of B, as the Large Value category had an average return of 1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
State Street®SPDR®DowJonesIndstrAvgETFTr has a trailing yield of 1.38%, which is below the 1.74% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
State Street®SPDR®DowJonesIndstrAvgETFTr Grades
Year to date, the ETF has returned 9.5%, 2.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 20.3% over the past year (grade of D), 16.9% over the past three years (grade of C) and 10.6% per year over the past five years (grade of D) and 13.5% per year over the past 10 years (grade of B).
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DIA Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DIA Return (NAV) | 2.6% | 13.2% | 20.3% | 16.9% | 10.6% | 13.5% |
| DIA Return (Price) | 2.6% | 13.2% | 20.3% | 16.9% | 10.6% | 13.5% |
| NAV +/- Price Return | 0.020% | -0.010% | -0.038% | -0.009% | -0.001% | -0.003% |
| Large Value Avg | 1.1% | 9.8% | 22.0% | 16.7% | 11.0% | 12.2% |
| DIA Grade (NAV) | B | B | D | C | D | B |
| +/- Category (NAV) | 1.4% | 3.4% | -1.7% | 0.2% | -0.4% | 1.3% |
| DIA Tax-Cost Ratio | na | na | 0.6% | 0.7% | 0.7% | 0.8% |
DIA Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DIA Return (NAV) | 9.5% | 14.7% | 14.8% | 16.0% | -7.0% | 20.7% | 9.6% | 25.1% | -3.6% | 28.0% | 16.3% |
| DIA Return (Price) | 9.5% | 14.7% | 14.8% | 16.0% | -7.0% | 20.8% | 9.6% | 25.0% | -3.7% | 28.1% | 16.4% |
| NAV +/- Price Ret | -0.003% | -0.002% | 0.002% | 0.003% | 0.004% | 0.004% | -0.002% | -0.3% | 3.9% | 0.4% | 0.6% |
| Large Value Avg | 11.9% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| DIA Grade (NAV) | D | C | C | B | C | F | B | D | A | A | C |
| +/- Category | -2.3% | -0.1% | -0.7% | 2.9% | -0.5% | -5.9% | 4.2% | -2.3% | 3.0% | 10.3% | 0.5% |
| Risk Measures | |
| Beta: | 0.84 |
| R-Squared: | 80% |
| Standard Deviation: | 12.3% |
| Category Risk Index: | 1.01 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.01 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.4% |
| Total Assets: | $ 44,063 Mil |
| Share Class Assets: | $ 44,063 Mil |
| Turnover: | 8.0% |
| Expense Ratio: | 0.16% |
| Index Fund: | Yes |
| Index Tracked: | DJ Industrial Average TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 28.5 years | |||
| Average Tenure: 28.5 years | |||
| Managers (Year): Team Management (1998) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 31 |
| % in Top 10 Holdings: | 56.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.6% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | UIT |
| Fund Family: | State Street Investment Management |
| Phone Number: | 866-787-2257 |
| Website: | www.spdrs.com |
| Inception Date: | January 13, 1998 |
Expenses and Fees
| Expense Ratio (%): | 0.16% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.37% |
