Table of Contents
Table of Contents

The Top (and Only) Dow Jones Industrial Average ETF

The ETF is rising as the Dow rebounds 20% from its 2022 low

Stocks Market Montage
Dow Jones ETF.

For investors optimistic that U.S. stocks will keep rebounding from their recent lows, one Dow Jones Industrial Average ETF provides focused exposure to the market. The large-cap index rose 20% since late September, driven by signs of slowing inflation, the outlook for less aggressive Federal Reserve rate hikes, and better-than-expected corporate profits.

Key Takeaways

  • The SPDR Dow Jones Industrial Average ETF Trust (DIA) is the top (and only) exchange-traded fund tracking the Dow.
  • The Dow, a price-weighted index composed of 30 blue-chip stocks, is up 3% in the last year.
  • DIA’s top holdings are UnitedHealth Group Inc., Goldman Sachs Group Inc., and Home Depot Inc.

DIA is the only non-leveraged, non-inverse, U.S.-traded ETF that tracks the Dow, which is up 3% in the last year while the S&P 500 Index is down 8% as of Dec. 1, 2022. We examine this ETF below in closer detail. All figures below are as of Dec. 1, 2022.

SPDR Dow Jones Industrial Average ETF Trust (DIA)

  • Performance Over One-Year: 3.1%
  • Expense Ratio: 0.16%
  • Annual Dividend Yield: 1.56%
  • Three-Month Average Daily Volume: 4,083,728
  • Assets Under Management: $31.3 billion
  • Inception Date: Jan. 14, 1998
  • Issuer: State Street

DIA is the ETF for investors seeking to replicate the performance of the Dow, which is comprised of roughly 30 stocks representing many of the biggest U.S. companies. While the fund isn't as diversified as many ETFs, the companies in the index have strong fundamentals and finances. These factors give them greater capability than most companies to weather adverse economic and market events. Though these stocks are relatively safe for investors seeking exposure to large-cap equities, their fast-growth days are over. Many investors choose Dow companies for their defensive qualities and reliable dividend payouts rather than potential for capital appreciation, with DIA remaining a popular choice for investors looking for relatively safe exposure to large-cap U.S. equities. Healthcare stocks make up the largest portion of the portfolio at 21%, followed by information technology and financials. Below, we’ll look at the top 10 holdings for DIA.

Top DIA Holdings
Company Name (Ticker) Percentage of DIA Assets Company Description
UnitedHealth Group Inc. (UNH) 10.4% Health insurance
Goldman Sachs Group Inc. (GS) 7.4% Investment bank
Home Depot Inc. (HD) 6.2% Home improvement retailer
Amgen Inc. (AMGN) 5.5% Biotechnology company
McDonald’s Corp. (MCD) 5.2% Fast-food restaurant chain
Microsoft Corp. (MSFT) 4.9% Software, cloud services, and devices such as gaming consoles
Caterpillar Inc. (CAT) 4.5% Construction equipment manufacturer
Honeywell International Inc. (HON) 4.2% Aerospace, engineered materials, building technologies
Visa Inc. (V) (Class A shares) 4.1% Credit card services
Travelers Companies Inc. (TRV) 3.6% Insurance provider

The comments, opinions, and analyses expressed herein are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or adopt any investment strategy. Though we believe the information provided herein is reliable, we do not warrant its accuracy or completeness. The views and strategies described in our content may not be suitable for all investors. Because market and economic conditions are subject to rapid change, all comments, opinions, and analyses contained within our content are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment, or strategy.

Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. Yahoo! Finance. "Dow Jones Industrial Average."

  2. Bloomberg. "Dow Climbs 20% From Low as Stocks Rally and Inflation Fears Ebb."

  3. YCharts. "Financial Data."

  4. VettaFi. “Dow Jones Industrial Average (INDEXDJX DJI) — ETF Tracker.”

  5. State Street Global Advisors. “SPDR® Dow Jones® Industrial Average ETF Trust (DIA).”

  6. VettaFi. “DIA: SPDR Dow Jones Industrial Average ETF Trust.”

Take the Next Step to Invest
The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.