SPDR Dow Jones Industrial Average ETF Trust

SPDR Dow Jones Industrial Average ETF Trust (DIA), from State Street, holds the 30 stocks of the Dow Jones Industrial Average and is organized as a unit investment trust, a less flexible structure than most ETFs. It pays dividends monthly and charges 0.16% of assets a year, below the 0.20% average for similar funds. With so few stocks, single names matter: Goldman Sachs was 11.5% of the fund as of July 31, 2026.

• Over the year to Nov 2, 2026, DIA returned +10.8%, 7th of 9 among similar funds.
• Its 5-year annualized return was +9.4% and its 10-year +13.4%.
• In the 2020 COVID crash it fell 36.3% and regained its old high 5.4 months after the low.
• Its worst full calendar year was 2008 (-32.2%); its best was 2013 (+29.6%).
• The deepest fall in its price history was 51.9% (Oct 9, 2007 to Mar 9, 2009), recovered by Jan 19, 2012.

Living on DIA: its income record, cuts, and how much a $1,000 monthly income takes →

As of Jul 31, 2026, the fund held 30 securities; the ten largest made up 55.31% of assets.

By sector

• Over the three months to Jul 31, 2026, investors added a net $102.8M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +2.92%, +2.57%, +0.37%.

DIA aims to match, before expenses, the price and yield performance of the Dow Jones Industrial Average, an index maintained by S&P Dow Jones Indices. It isn't actively managed. The trust holds the index's stocks, 30 as of July 31, 2026, and weights each one to substantially match its index weight. As a result, Goldman Sachs (11.5%) and Caterpillar (9.2%) were bigger positions than Microsoft (5.3%) or Apple (3.5%). A struggling company stays in unless S&P drops it from the index.

When S&P changes the index's members or weights, the trustee, State Street Global Advisors Trust Company, generally adjusts the portfolio within three business days before or after the change. Turnover, the share of holdings replaced in a year, was 8% in the fiscal year reported in the prospectus. The trust holds no futures or swaps. Only large institutions trade directly with it, in blocks of 50,000 units (the trust's name for shares). Everyone else trades on the exchange.

The unit investment trust structure sets limits. DIA can't lend its stocks for extra income or reinvest dividends between payouts. That can be a small drag compared with similar open-end ETFs, the more common type. It pays dividends monthly, on the Monday before the third Friday of the following month. Holders can't vote except on termination and a few other matters.

• DIA charges 0.16% a year, versus an average of 0.2% for the similar funds below (6th of 9, cheapest first).

It holds 30 large US companies across financials, technology, industrials, consumer and health care, so it could anchor a stock allocation, though it is much narrower than a broad market fund.

DIA could anchor the stock side of a portfolio with 30 large US companies for 0.16% a year, and it pays dividends monthly. Income is modest: the yield over the prior 12 months was 1.37% as of October 27, 2026. Its downturns have been deep. It fell 51.9% in the 2008 financial crisis, from October 2007 to March 2009, and took about 34 months after that low to recover. It lost 32.2% in calendar 2008, its worst year. It dropped 36.3% in the 2020 COVID crash but recovered in about five months. In 2022 it fell 20.8% from peak to low and took 14 months to come back.

Anyone drawing cash from it during a slump like 2008 would have been taking money out at prices far below the peak. Past results don't predict the future, and a sound plan looks at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.