Data as of Nov 4, 2026.
DIA vs SPLV: Differences, Returns & Fees
Over the year to Nov 4, 2026, DIA returned +14.9% to SPLV's +13.4%; 8% of their weight is in the same names.
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Net assets on Nov 3, 2026: $44.9bn for SPDR Dow Jones Industrial Average ETF Trust and $7.5bn for Invesco S&P 500 Low Volatility ETF.
Pair scorecard
DIA costs 0.09 points a year less; their one-year returns differ by 1.5 points; DIA is 6.0 times larger.
| Measure | DIA | SPLV |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.9% | +13.4% |
| Benchmark | ||
| What it tracks | Dow Jones Industrial Average | S&P 500 Low Volatility Index |
| Cost and size | ||
| Expense ratio | 0.16% | 0.25% |
| Net assets, as of Nov 3, 2026 | $44.9bn | $7.5bn |
| Holdings | ||
| Holdings in common | 8% | |
| Top ten holdings, share of the fund | 54.3% | 12.9% |
Risk and return
May 13, 2011 to Oct 30, 2026 · 807 weekly returnsFrom May 2011 to Oct 2026, DIA returned more: +467.2% to +332.6%. SPLV swung less: 14.1% to 15.9%. SPLV fell slightly less at its worst: −32.9% to −34.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DIA | SPLV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +467.2% | +332.6% | DIA | Price change plus distributions, reinvested. |
| Annualized | +11.8% | +9.9% | DIA | Total return as a yearly rate. |
| Price return | +310.6% | +202.2% | DIA | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.9% | 14.1% | SPLV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.1% | 9.9% | SPLV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −34.5% | −32.9% | SPLV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.68 | 0.62 | DIA (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.98 | 0.89 | DIA (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.34 | 0.30 | DIA | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 807 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DIA and SPLV hold 8% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
8% in common
Only in one fund ↓
Side by side
DIA and SPLV on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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DIA
DIA tracks the Dow Jones Industrial Average. Over the year to Nov 4, 2026 it returned +14.9% with distributions reinvested. The prospectus expense ratio is 0.16% a year. By its holdings published by its issuer for Nov 3, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 30 positions, with the top ten at 54.3%.
SPLV
SPLV tracks an index. Over the year to Nov 4, 2026 it returned +13.4% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Nov 3, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 108 positions, with the top ten at 12.9%.
Questions people ask
- Which returned more over the last year, DIA or SPLV?
- In the year to Nov 4, 2026, with distributions reinvested, DIA returned +14.9% and SPLV +13.4%.
- Which is cheaper, DIA or SPLV?
- DIA is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, DIA against SPLV, data as of Nov 4, 2026. https://etfiq.com/compare/any/dia-vs-splv
ETFIQ. (Nov 4, 2026). DIA against SPLV. Retrieved from https://etfiq.com/compare/any/dia-vs-splv
[DIA against SPLV (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/dia-vs-splv)
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