DIA vs SPYV: Grades, Fees and Holdings Compared

State Street SPDR Dow Jones Industrial Average ETF Trust

DIAANYSE Arca

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

Overlap

22.6%by weight

Expense ratio

SPYV −0.12pt a year

DIA0.16%SPYV0.04%

Avg volume · 30D

DIA 1.7×the volume

DIA3.49MSPYV2.1M

10Y return · a year

DIA +0.9pt

DIA+13.2%SPYV+12.3%

DIA vs SPYV Performance

Oct 29, 2021 – Oct 30, 2026

+57.4%DIA+74.1%SPYV

Expense ratio: DIA 0.16%; SPYV 0.04%, better
Fund size: DIA $45.5B; SPYV $39.2B
1Y total return: DIA +10.3%; SPYV +16.6%, better
Yield (12M): DIA 1.39%; SPYV 1.65%, better
Holdings: DIA 31; SPYV 437
Avg volume (30D): DIA 3.49M sh, better; SPYV 2.1M sh
NAV per share: DIA $522.77; SPYV $64.64
52W range

ETF.net Grade

Pillar letters and Scores for DIA, SPYV, with each pillar’s weight
Pillar	DIA	SPYV
Cost30% weight	B63	A98Higher
Mission25% weight	A99Higher	A86
Risk15% weight	B67	A82Higher
Tradability15% weight	A100Higher	A97
Holdings10% weight	D30	A71Higher
Durability5% weight	A90Higher	A86

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. DIA and SPYV 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 ›

SPYV ranks 1st 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 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

SPYVAState Street SPDR Portfolio S&P 500 Value 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.

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

Stated mandate

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

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value 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

SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

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

SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
Distributions land quarterly, not monthly.

Full DIA profile⁠

Full SPYV profile⁠

DIA vs SPYV Holdings

How DIA and SPYV differ

Overlap by weight

22.6%

Shared holdings make up 81.0% of DIA and 28.2% of SPYV.

Level by level

Holdings26 in both22.6%
Sector11 Sectors81.0%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in DIA and SPYV, widest gap first
Sector	More in DIAMore in SPYV	DIA	SPYV
Financials	DIA +11.3 points	26.5%	15.2%
Energy	SPYV +5.6 points	2.6%	8.2%
Consumer Staples	SPYV +4.8 points	4.2%	9.0%
Utilities	SPYV +4.0 points	0.0%	4.0%
Industrials	DIA +3.7 points	14.5%	10.8%
Real Estate	SPYV +3.1 points	0.0%	3.1%
Communication	DIA +2.4 points	4.9%	2.5%
Technology	SPYV +1.5 points	19.3%	20.8%
Health Care	DIA +1.1 points	14.4%	13.3%
Materials	DIA +0.5 points	3.8%	3.3%
Consumer Discretionary	SPYV +0.1 points	9.7%	9.8%

Country, concentration and asset class

Country by domicile

Country weights in DIA and SPYV, widest gap first
Country	More in DIAMore in SPYV	DIA	SPYV
United States	DIA +0.8 points	100.0%	99.2%
Switzerland	SPYV +0.6 points	0.0%	0.6%
Other countries (3)	SPYV +0.2 points	0.0%	0.2%

Concentration

Weight in the 10 largest Holdings

DIA54.6%
SPYV24.4%

Securities held

DIA30
SPYV435

Asset class

DIA: Equity
SPYV: Equity

Holdings

Only in DIA4
In both26
Only in SPYV409

Only in DIA

4 securities, 19.0% of DIA by weight

Caterpillar Inc7.35%
Microsoft Corp6.02%
Alphabet Inc Class A3.22%
NVIDIA Corp2.42%

Only in SPYV

409 securities, 71.7% of SPYV by weight

Exxonmobil Holdings Corp2.46%
Intel Corp1.49%
Costco Wholesale Corp1.44%
Tesla Inc1.41%
Bank of America Corp1.08%
Texas Instruments Inc0.93%
AbbVie Inc0.90%
Thermo Fisher Scientific Inc0.85%
Wells Fargo & Co0.84%
Linde PLC0.76%
Analog Devices Inc0.69%
Citigroup Inc0.69%
Qualcomm Inc0.65%
Pepsico Inc0.59%
Verizon Communications Inc0.59%
Abbott Laboratories0.59%
Conocophillips0.59%
Union Pacific Corp0.58%
Nextera Energy Inc0.56%
Pfizer Inc0.56%
Mastercard Inc A0.55%
BlackRock Inc0.55%
Deere & Co0.54%
General Electric0.51%
Eaton Corp PLC0.50%
Accenture PLC Class A0.49%
Danaher Corp0.48%
Schwab (Charles) Corp0.47%
Dell Technologies C0.47%
At+t Inc0.47%
Philip Morris International0.47%
Western Digital Corp0.46%
Vertex Pharmaceuticals Inc0.45%
Palo Alto Networks Inc0.44%
Lockheed Martin Corp0.43%
Altria Group Inc0.42%
Capital One Financial Corp0.42%
Chubb Ltd0.41%
Bristol Myers Squibb Co0.41%
Prologis Inc0.40%
Marathon Petroleum Corp0.40%
Starbucks Corp0.39%
Medtronic PLC0.39%
Lowe’s Cos Inc0.38%
Oracle Corp0.38%
Cvs Health Corp0.38%
Mckesson Corp0.37%
Automatic Data Processing0.37%
Valero Energy Corp0.36%
Phillips 660.36%

Weight gaps

All 26 Holdings in both funds, largest gap first.

Holding weights in DIA and SPYV, widest gap first
Holding	More in DIAMore in SPYV	DIA	SPYV
Goldman Sachs Group IncGS	DIA +10.22 points	10.53%	0.31%
Amgen IncAMGN	DIA +4.97 points	5.23%	0.26%
Apple IncAAPL	SPYV +4.34 points	3.96%	8.30%
Travelers Cos Inc/TheTRV	DIA +4.25 points	4.52%	0.27%
Visa Inc Class A SharesV	DIA +3.63 points	4.66%	1.03%
Sherwin Williams Co/TheSHW	DIA +3.50 points	3.75%	0.25%
American Express CoAXP	DIA +3.49 points	3.67%	0.18%
UnitedHealth Group IncUNH	DIA +3.46 points	4.66%	1.20%
JPMorgan Chase & CoJPM	DIA +2.95 points	3.90%	0.95%
Home Depot IncHD	DIA +2.66 points	3.73%	1.07%
McDonald’s CorpMCD	DIA +2.59 points	2.92%	0.33%
Intl Business Machines CorpIBM	DIA +2.55 points	2.93%	0.38%
Honeywell International IncHON	DIA +2.29 points	2.52%	0.23%
Johnson & JohnsonJNJ	DIA +2.23 points	3.12%	0.89%
Salesforce IncCRM	DIA +2.00 points	2.62%	0.62%
3M CoMMM	DIA +1.71 points	2.01%	0.30%
Boeing Co/TheBA	DIA +1.71 points	1.96%	0.25%
Chevron CorpCVX	DIA +1.14 points	2.63%	1.49%
Amazon.com IncAMZN	SPYV +0.89 points	2.77%	3.66%
Walt Disney Co/TheDIS	DIA +0.64 points	1.26%	0.62%
Procter & Gamble Co/ThePG	DIA +0.60 points	1.82%	1.22%
Cisco Systems IncCSCO	DIA +0.57 points	1.23%	0.66%
Merck & Co. Inc.MRK	DIA +0.48 points	1.66%	1.18%
Walmart IncWMT	SPYV +0.38 points	1.38%	1.76%
Coca Cola Co/TheKO	DIA +0.37 points	1.05%	0.68%
Nike Inc Class BNKE	DIA +0.29 points	0.44%	0.15%

All 30 DIA holdings⁠All 435 SPYV 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 SPYV Cost

Overpaying DIA vs SPYV

$2,493

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

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

Amount$10,000

Years30 years

Cost over time

DIA 0.16%
SPYV 0.04%
Overpaying

Year by year

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

Expense ratio

0.16%DIA
0.04%SPYV, cheaper

SPYV0.04%DIA0.16%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SPYV 2nd cheapest of 42 funds

DIA 17th cheapest of 42 funds

DIA vs SPYV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DIA 1.39%; SPYV 1.65%, better
Payout (12M): DIA $7.19; SPYV $1.06
Last payment: DIA $0.11; SPYV $0.27
Ex-dividend: DIA Oct 16, 2026; SPYV Sep 21, 2026
Paid on: DIA Pays Nov 16, 2026; SPYV Sep 23, 2026
Frequency: DIA Monthly; SPYV Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

DIAMonthly · 46 paymentsAll DIA payments⁠

SPYVQuarterly · 15 paymentsAll SPYV payments⁠

DIA vs SPYV Risk

Fall from peak · 5 years

DIA
SPYV

Risk facts

VolatilityStd dev, 3 years: DIA 12.1%SPYV 11.7%, better
Return per unit of riskSharpe ratio, 3 years: DIA 1.07SPYV 1.17, better
Worst fallMax drawdown, 5 years: DIA −20.8%SPYV −17.9%, better
Market sensitivityBeta, 5 years: DIA 0.87SPYV 0.83; Market = 1

DIA and SPYV in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026SPYV
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

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DIA vs SPYV

In short

Stated mandate

Why people hold it