DIA vs PBUS: Grades, Fees and Holdings Compared

State Street SPDR Dow Jones Industrial Average ETF Trust

DIAANYSE Arca

Invesco MSCI USA ETF

PBUSACboe

Overlap

28.9%by weight

Expense ratio

PBUS −0.12pt a year

DIA0.16%PBUS0.04%

Avg volume · 30D

DIA 8.0×the volume

DIA3.49MPBUS433K

5Y return · a year

PBUS +2.0pt

DIA+9.5%PBUS+11.5%

DIA vs PBUS Performance

Oct 29, 2021 – Oct 30, 2026

+57.4%DIA+72.6%PBUS

Expense ratio: DIA 0.16%; PBUS 0.04%, better
Fund size: DIA $45.5B; PBUS $10.5B
1Y total return: DIA +10.3%; PBUS +11.5%, better
Yield (12M): DIA 1.39%, better; PBUS 1.02%
Holdings: DIA 31; PBUS 517
Avg volume (30D): DIA 3.49M sh, better; PBUS 433K sh
NAV per share: DIA $522.77; PBUS $75.71
52W range

ETF.net Grade

Pillar letters and Scores for DIA, PBUS, with each pillar’s weight
Pillar	DIA	PBUS
Cost30% weight	B63	A98Higher
Mission25% weight	A99	A100Higher
Risk15% weight	B67Higher	B63
Tradability15% weight	A100Higher	A86
Holdings10% weight	D30	C50Higher
Durability5% weight	A90Higher	A74

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. DIA and PBUS are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

PBUS ranks 3rd and DIA 8th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 85
Rank 4AVOOVVanguard S&P 500 Value ETFScore 79
Rank 7AIVEiShares S&P 500 Value ETFScore 77
Rank 8ADIAState Street SPDR Dow Jones Industrial Average ETF TrustScore 76
Rank 9AUSSGXtrackers MSCI USA Selection Equity ETFScore 71

Our read on each fund

ETF.net Research

DIAAState Street SPDR Dow Jones Industrial Average ETF Trust

PBUSAInvesco MSCI USA ETF

In short

DIA The Dow in one ticker, trading since 1998. Thirty blue chips weighted by share price instead of company size, with membership decided by a committee rather than a formula. The odd one out among index funds, on purpose.

PBUS Roughly 500 US stocks for 0.04% a year, benchmarked to the MSCI USA Index instead of the S&P 500. Invesco's rules-based core holding, running since 2017.

Stated mandate

DIA The fund seeks investment results that generally correspond to the price and yield performance of the Dow Jones Industrial Average.

PBUS The Fund tracks the MSCI USA Index and commits at least 90% of its assets to securities included in that index.

Why people hold it

DIA 0.16% a year, roughly a third of the 0.45% median for its index-tracking cohort, and it has tracked the Dow very closely.
Launched January 1998 and now a multi-billion-dollar, actively traded fund, with one of the strongest tradability profiles in its peer group.
Pays monthly, not quarterly, which is rare for a plain-vanilla stock index fund.ssga.com
About 30 household-name US large caps. You can read the entire portfolio in a minute and know exactly what you own.ssga.com

PBUS 0.04% a year sits at the floor of its peer group, matching SPYV and a hair above SCHK's 0.03%.invesco.com
Returns have hugged the MSCI USA Index about as tightly as anything in its cohort, so index-level exposure arrives with very little slippage.
A multi-billion-dollar fund trading since 2017, with a real market cycle behind it rather than a launch-window track record.
Roughly 500 names and quarterly distributions: a plain broad-market wrapper with no options overlay, no leverage, no sector tilt bolted on.

Worth knowing

DIA The Dow is price-weighted: a high-priced stock moves the index more than a cheaper one, whatever the companies are actually worth.ssga.com
Membership is chosen by an Averages Committee (Wall Street Journal, S&P DJI and CME staff), not a rules screen, and 30 names leaves gaps a broad-market fund fills.ssga.com
Unit investment trust plumbing: dividends sit in cash until the payout instead of being reinvested, the trust offers no reinvestment service, and it does not lend securities.sec.gov sec.gov 2

PBUS MSCI USA is not the S&P 500. Holdings and results drift from an S&P-benchmarked portfolio, which matters if that is the yardstick you track against.invesco.com
The mandate commits at least 90% of assets to index securities, which leaves a slice of room outside the benchmark.
Moderately traded rather than one of the tape's busiest tickers, so spreads deserve a glance and limit orders earn their keep.

Full DIA profile⁠

Full PBUS profile⁠

DIA vs PBUS Holdings

How DIA and PBUS differ

Overlap by weight

28.9%

Shared holdings make up 99.9% of DIA and 38.4% of PBUS.

Level by level

Holdings30 in both28.9%
Sector11 Sectors69.8%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in DIA and PBUS, widest gap first
Sector	More in DIAMore in PBUS	DIA	PBUS
Technology	PBUS +20.9 points	19.3%	40.2%
Financials	DIA +15.5 points	26.5%	11.0%
Industrials	DIA +6.6 points	14.5%	7.9%
Health Care	DIA +5.1 points	14.4%	9.3%
Communication	PBUS +5.0 points	4.9%	9.9%
Materials	DIA +2.2 points	3.8%	1.6%
Utilities	PBUS +1.8 points	0.0%	1.8%
Real Estate	PBUS +1.6 points	0.0%	1.6%
Consumer Discretionary	DIA +0.9 points	9.7%	8.8%
Energy	PBUS +0.9 points	2.6%	3.5%
Consumer Staples	PBUS +0.1 points	4.2%	4.3%

Country, concentration and asset class

Country by domicile

Country weights in DIA and PBUS, widest gap first
Country	More in DIAMore in PBUS	DIA	PBUS
United States	DIA +0.8 points	100.0%	99.2%
Other countries (8)	PBUS +0.8 points	0.0%	0.8%

Concentration

Weight in the 10 largest Holdings

DIA54.6%
PBUS36.6%

Securities held

DIA30
PBUS515

Asset class

DIA: Equity
PBUS: Equity

Holdings

Only in DIA0
In both30
Only in PBUS485

Only in DIA

0 securities, 0.0% of DIA by weight

Only in PBUS

485 securities, 61.6% of PBUS by weight

Broadcom Inc2.35%
Meta Platforms Inc2.06%
Alphabet Inc1.99%
Tesla Inc1.74%
Eli Lilly & Co1.65%
Micron Technology Inc1.59%
Advanced Micro Devices Inc1.39%
Berkshire Hathaway Inc1.15%
ExxonMobil Holdings Corp1.14%
Mastercard Inc0.77%
AbbVie Inc0.77%
Costco Wholesale Corp0.67%
Palantir Technologies Inc0.64%
Intel Corp0.61%
Applied Materials Inc0.50%
Bank of America Corp0.50%
Philip Morris International Inc0.49%
General Electric Co0.49%
Lam Research Corp0.48%
Palo Alto Networks Inc0.47%
Texas Instruments Inc0.43%
RTX Corp0.40%
Thermo Fisher Scientific Inc0.40%
Crowdstrike Holdings Inc0.39%
Netflix Inc0.39%
Wells Fargo & Co0.39%
Oracle Corp0.36%
GE Vernova Inc0.36%
Linde PLC0.35%
Morgan Stanley0.34%
KLA Corp0.33%
Citigroup Inc0.32%
Analog Devices Inc0.32%
Gilead Sciences Inc0.31%
Amphenol Corp0.30%
Sandisk Corp0.30%
Arista Networks Inc0.30%
QUALCOMM Inc0.29%
Marvell Technology Inc0.28%
ConocoPhillips0.27%
PepsiCo Inc0.27%
Verizon Communications Inc0.27%
Abbott Laboratories0.27%
Union Pacific Corp0.27%
Blackrock Inc0.26%
NextEra Energy Inc0.26%
Pfizer Inc0.26%
Welltower Inc0.25%
Deere & Co0.24%
Intuitive Surgical Inc0.24%

Weight gaps

All 30 Holdings in both funds, largest gap first.

Holding weights in DIA and PBUS, widest gap first
Holding	More in DIAMore in PBUS	DIA	PBUS
Goldman Sachs Group IncGS	DIA +10.12 points	10.53%	0.41%
Caterpillar IncCAT	DIA +6.90 points	7.35%	0.45%
NVIDIA CorpNVDA	PBUS +4.97 points	2.42%	7.39%
Amgen IncAMGN	DIA +4.86 points	5.23%	0.37%
Travelers Cos Inc/TheTRV	DIA +4.39 points	4.52%	0.13%
UnitedHealth Group IncUNH	DIA +4.10 points	4.66%	0.56%
Apple IncAAPL	PBUS +3.75 points	3.96%	7.71%
Visa Inc Class A SharesV	DIA +3.64 points	4.66%	1.02%
Sherwin Williams Co/TheSHW	DIA +3.64 points	3.75%	0.11%
American Express CoAXP	DIA +3.41 points	3.67%	0.26%
Home Depot IncHD	DIA +3.24 points	3.73%	0.49%
McDonald’s CorpMCD	DIA +2.65 points	2.92%	0.27%
Intl Business Machines CorpIBM	DIA +2.56 points	2.93%	0.36%
JPMorgan Chase & CoJPM	DIA +2.53 points	3.90%	1.37%
Honeywell International IncHON	DIA +2.41 points	2.52%	0.11%
Salesforce IncCRM	DIA +2.34 points	2.62%	0.28%
Johnson & JohnsonJNJ	DIA +2.12 points	3.12%	1.00%
Chevron CorpCVX	DIA +1.99 points	2.63%	0.64%
3M CoMMM	DIA +1.87 points	2.01%	0.14%
Boeing Co/TheBA	DIA +1.77 points	1.96%	0.19%
Procter & Gamble Co/ThePG	DIA +1.26 points	1.82%	0.56%
Merck & Co. Inc.MRK	DIA +1.12 points	1.66%	0.54%
Walt Disney Co/TheDIS	DIA +0.97 points	1.26%	0.29%
Amazon.com IncAMZN	PBUS +0.78 points	2.77%	3.55%
Alphabet Inc Class AGOOGL	DIA +0.71 points	3.22%	2.51%
Cisco Systems IncCSCO	DIA +0.59 points	1.23%	0.64%
Walmart IncWMT	DIA +0.58 points	1.38%	0.80%
Coca Cola Co/TheKO	DIA +0.51 points	1.05%	0.54%
Microsoft CorpMSFT	DIA +0.39 points	6.02%	5.63%
Nike Inc Class BNKE	DIA +0.37 points	0.44%	0.07%

All 30 DIA holdings⁠All 515 PBUS holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DIA vs PBUS Cost

Overpaying DIA vs PBUS

$2,493

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DIA 0.16%
$3,342
PBUS 0.04%
$849

Amount$10,000

Years30 years

Cost over time

DIA 0.16%
PBUS 0.04%
Overpaying

Year by year

Year	DIA	PBUS	Overpaying
10	$292	$73	$219
20	$1,141	$288	$853
30	$3,342	$849	$2,493

Expense ratio

0.16%DIA
0.04%PBUS, cheaper

PBUS0.04%DIA0.16%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

PBUS 2nd cheapest of 42 funds

DIA 17th cheapest of 42 funds

DIA vs PBUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DIA 1.39%, better; PBUS 1.02%
Payout (12M): DIA $7.19; PBUS $0.77
Last payment: DIA $0.11; PBUS $0.19
Ex-dividend: DIA Oct 16, 2026; PBUS Sep 21, 2026
Paid on: DIA Pays Nov 16, 2026; PBUS Sep 25, 2026
Frequency: DIA Monthly; PBUS Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

DIAMonthly · 46 paymentsAll DIA payments⁠

PBUSQuarterly · 15 paymentsAll PBUS payments⁠

DIA vs PBUS Risk

Fall from peak · 5 years

DIA
PBUS

Risk facts

VolatilityStd dev, 3 years: DIA 12.1%, betterPBUS 12.5%
Return per unit of riskSharpe ratio, 3 years: DIA 1.07PBUS 1.41, better
Worst fallMax drawdown, 5 years: DIA −20.8%, betterPBUS −25.4%
Market sensitivityBeta, 5 years: DIA 0.87PBUS 1.02; Market = 1

DIA and PBUS in the news

All news⁠

Closing Bell
Boeing plummets 10.7%, but Chip stocks lift S&P 500 on Broadcom deal
Oct 27, 2026DIA
Closing Bell
Dow drops 1.2% as Brent hits six-month high
Oct 23, 2026DIA
Opening Bell
AI selloff stalls before the U.S. open as oil climbs back above $100
Oct 23, 2026DIA
Closing Bell
Chip stocks drag Nasdaq to worst day since June as AI funding worries return
Oct 22, 2026DIA
Closing Bell
Investors rotate out of tech as health care hits a record; Dow gains 1%
Oct 20, 2026DIA
Opening Bell
Jakarta stocks fall 11.6% as MSCI proposes dropping Indonesia from emerging markets
Oct 16, 2026DIA

Popular comparisons

DIAAvsSPYVA
State Street SPDR Dow Jones Industrial Average ETF Trust · State Street SPDR Portfolio S&P 500 Value ETF
Expense ratio
0.16% · 0.04%
Category
PBUSAvsSPYVA
Invesco MSCI USA ETF · State Street SPDR Portfolio S&P 500 Value ETF
Expense ratio
0.04% · 0.04%
Category
DIAAvsSCHKA
State Street SPDR Dow Jones Industrial Average ETF Trust · Schwab 1000 Index ETF
Expense ratio
0.16% · 0.03%
Category
PBUSAvsSCHKA
Invesco MSCI USA ETF · Schwab 1000 Index ETF
Expense ratio
0.04% · 0.03%
Category
DIAAvsVOOVA
State Street SPDR Dow Jones Industrial Average ETF Trust · Vanguard S&P 500 Value ETF
Expense ratio
0.16% · 0.07%
Category
PBUSAvsVOOVA
Invesco MSCI USA ETF · Vanguard S&P 500 Value ETF
Expense ratio
0.04% · 0.07%
Category

DIA vs PBUS

In short

Stated mandate

Why people hold it