Data as of Oct 28, 2026.
DIA vs USMV: Differences, Returns & Fees
Over the year to Oct 28, 2026, DIA returned +11.6% to USMV's +10.8%; 17% 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 $24.1bn for iShares MSCI USA Min Vol Factor ETF.
Pair scorecard
USMV costs 0.01 points a year less; their one-year returns differ by 0.8 points; DIA is 1.9 times larger.
| Measure | DIA | USMV |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.6% | +10.8% |
| Drawdown | ||
| Below its high | 3.0%, high on Aug 5, 2026 | |
| Benchmark | ||
| What it tracks | Dow Jones Industrial Average | MSCI USA Minimum Volatility (USD) Index |
| Cost and size | ||
| Expense ratio | 0.16% | 0.15% |
| Net assets, as of Oct 27, 2026 | $45.9bn | $24.1bn |
| Holdings | ||
| Holdings in common | 17% | |
| Top ten holdings, share of the fund | 54.7% | 14.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 28, 2011 to Oct 23, 2026 · 782 weekly returnsDIA returned more: +481.0% to +423.5%. USMV swung less: 13.4% to 15.7%. USMV fell less at its worst: −30.6% to −34.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DIA | USMV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +481.0% | +423.5% | DIA | Price change plus distributions, reinvested. |
| Annualized | +12.4% | +11.6% | DIA (slight) | Total return as a yearly rate. |
| Price return | +327.2% | +295.7% | DIA (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.7% | 13.4% | USMV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.9% | 9.3% | USMV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −34.5% | −30.6% | USMV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.72 | 0.76 | USMV (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.03 | 1.09 | USMV (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.36 | 0.38 | USMV (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 782 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DIA and USMV hold 17% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
17% in common
Only in one fund ↓
Side by side
DIA and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DIA and USMV 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 USMV follows MSCI USA Minimum Volatility (USD) Index.
- Holdings in common. 17% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Number of holdings. DIA holds 30 positions and USMV holds 176.
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.
USMV
USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.
Questions people ask
- Which returned more over the last year, DIA or USMV?
- In the year to Oct 28, 2026, with distributions reinvested, DIA returned +11.6% and USMV +10.8%.
- Which is cheaper, DIA or USMV?
- USMV is cheaper, by 0.01 percentage points a year. That is about $1 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 USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/dia-vs-usmv
ETFIQ. (Oct 28, 2026). DIA against USMV. Retrieved from https://etfiq.com/compare/any/dia-vs-usmv
[DIA against USMV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dia-vs-usmv)
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