AIOT vs DIA: Correlation
PowerFleet, Inc. (AIOT) and SPDR Dow Jones Industrial Average ETF (DIA) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIOT and DIA?
Across a 3-year window, the weekly returns of AIOT and DIA correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 479.9 %².
DIA is one of the assets that tracks AIOT most closely: it ranks #1 out of the 14 assets we track against AIOT. The last year tells two different stories: DIA led by 56.7 percentage points, -37.5% for AIOT against +19.2% for DIA. One caveat on sizing: AIOT is 5.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AIOT vs DIA: side by side
| AIOT (PowerFleet, Inc.) | DIA (SPDR Dow Jones Industrial Average ETF) | |
|---|---|---|
| 1-year return | -37.5% | +19.2% |
| 5-year return | -57.4% | +64.8% |
| Volatility (ann.) | 67.2% | 13.0% |
| Beta vs S&P 500 | 2.51 | 0.79 |
| Max drawdown (3Y) | -67.2% | -16.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.37% |
| Expense ratio | – | 0.16% |
| Assets under management | – | $45.2B |
| Sector / category | US Listed | ETF · US Large Cap |
DIA is a Large Value fund from State Street Investment Management: $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | AIOT | DIA |
|---|---|---|
| 2022 | -43.2% | -7.0% |
| 2023 | +27.1% | +16.0% |
| 2024 | +94.7% | +14.8% |
| 2025 | -20.1% | +14.7% |
| 2026 | -43.6% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIOT and DIA good diversifiers for each other?
Only partially. A correlation of 0.55 means AIOT and DIA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AIOT and DIA?
The AIOT/DIA correlation stands at 0.55 on a 3-year window (1 year: 0.57, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is DIA a good diversifier for AIOT?
Only partially. A correlation of 0.55 means AIOT and DIA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aiot-vs-dia.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aiot-vs-dia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIOT correlations · DIA correlations
