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The Best (and Only) Dow Jones ETF
Jan 4, 2025
The SPDR Dow Jones Industrial Average ETF Trust (DIA 0.79%) is the only ETF that replicates the performance of the Dow Jones Industrial Average, also known as DJIA or the Dow. The Dow includes 30 premium domestic stocks and is considered a primary benchmark of the U.S. financial markets.
Let's explore the key characteristics of this ETF so you can decide if the SPDR Dow Jones Industrial Average ETF Trust is right for you.
SPDR Dow Jones Industrial ETF Trust
SPDR Dow Jones Industrial ETF Trust
Take a look at the fund's key facts:
Average annual fund growth since inception (1998): 9.02%.
Average annual growth of the Dow since fund inception: 9.19%.
Gross expense ratio: 0.16%.
Number of holdings: 30.
Weighting methodology: Price-weighted.
Issuer: State Street Global Advisors Trust Company.
Although there are other exchange-traded funds (ETFs) that use the Dow in some form, this SPDR ETF is the only pure Dow tracker. The ETF holds all 30 Dow stocks in the same proportion as the index. When the Dow rises, the fund should follow, with only a slight lag related to fund expenses.
You can see this in the performance numbers provided above. Since 1998, the fund has underperformed the index by 17 basis points. This difference is called "tracking error." In well-managed funds, the largest component of tracking error should be the fund's expense ratio.
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