Data as of Oct 28, 2026.
DIA vs SPMO: Differences, Returns & Fees
Over the year to Oct 28, 2026, DIA returned +11.6% to SPMO's +18.4%; 20% of their weight is in the same names.
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Net assets on Oct 27, 2026: $45.9bn for SPDR Dow Jones Industrial Average ETF Trust and $22.3bn for Invesco S&P 500 Momentum ETF.
Pair scorecard
SPMO costs 0.03 points a year less; their one-year returns differ by 6.8 points; DIA is 2.1 times larger.
| Measure | DIA | SPMO |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.6% | +18.4% |
| Drawdown | ||
| Below its high | 3.0%, high on Aug 5, 2026 | 10.2%, high on Jun 22, 2026 |
| Benchmark | ||
| What it tracks | Dow Jones Industrial Average | S&P 500 Momentum Index |
| Cost and size | ||
| Expense ratio | 0.16% | 0.13% |
| Net assets, as of Oct 27, 2026 | $45.9bn | $22.3bn |
| Holdings | ||
| Holdings in common | 20% | |
| Top ten holdings, share of the fund | 54.7% | 50.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 23, 2015 to Oct 23, 2026 · 574 weekly returnsSPMO returned more: +519.8% to +266.4%. DIA swung less: 16.8% to 19.0%. SPMO fell less at its worst: −28.3% to −34.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DIA | SPMO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +266.4% | +519.8% | SPMO | Price change plus distributions, reinvested. |
| Annualized | +12.5% | +18.0% | SPMO | Total return as a yearly rate. |
| Price return | +195.6% | +442.9% | SPMO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.8% | 19.0% | DIA | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.8% | 12.6% | DIA (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −34.5% | −28.3% | SPMO | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.65 | 0.84 | SPMO | Return above Treasury bills per unit of volatility. |
| Sortino | 0.93 | 1.27 | SPMO | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.36 | 0.63 | SPMO | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 574 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DIA and SPMO hold 20% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
20% in common
Only in one fund ↓
Side by side
DIA and SPMO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DIA and SPMO are built for the same job. How do they differ in cost, holdings and results?
- What each follows. DIA follows Dow Jones Industrial Average and SPMO follows S&P 500 Momentum Index.
- Holdings in common. 20% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 DIA returned +11.6% and SPMO +18.4% with distributions reinvested, a gap of 6.8 points.
Data as of Oct 28, 2026.
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DIA
DIA tracks the Dow Jones Industrial Average. Over the year to Oct 28, 2026 it returned +11.6% with distributions reinvested. The prospectus expense ratio is 0.16% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 30 positions, with the top ten at 54.7%. It sat 3.0% below its high of Aug 5, 2026 on Oct 28, 2026.
SPMO
SPMO tracks the S&P 500 Momentum. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 50.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, DIA or SPMO?
- In the year to Oct 28, 2026, with distributions reinvested, DIA returned +11.6% and SPMO +18.4%.
- Which is cheaper, DIA or SPMO?
- SPMO is cheaper, by 0.03 percentage points a year. That is about $3 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.
Cite this pageCitation, APA and Markdown
ETFIQ, DIA against SPMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/dia-vs-spmo
ETFIQ. (Oct 28, 2026). DIA against SPMO. Retrieved from https://etfiq.com/compare/any/dia-vs-spmo
[DIA against SPMO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dia-vs-spmo)
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