ATEN vs DIA: Correlation
A10 Networks, Inc. (ATEN) and SPDR Dow Jones Industrial Average ETF (DIA) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEN and DIA?
On 3 years of weekly data the ATEN/DIA correlation comes out at 0.46, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.46). The 5-year figure is 0.42, and annualized covariance runs at 203.5 %².
In ATEN's tracked universe of 14 assets, DIA sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months ATEN outperformed by 37.4 percentage points (+56.6% for ATEN against +19.2% for DIA). Risk is not evenly split, since ATEN carries 2.6 times the volatility of the other side.
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.
ATEN vs DIA: side by side
| ATEN (A10 Networks, Inc.) | DIA (SPDR Dow Jones Industrial Average ETF) | |
|---|---|---|
| 1-year return | +56.6% | +19.2% |
| 5-year return | +106.4% | +64.8% |
| Volatility (ann.) | 34.0% | 13.0% |
| Beta vs S&P 500 | 0.89 | 0.79 |
| Max drawdown (3Y) | -33.9% | -16.0% |
| Market cap | $2.0B | – |
| P/E (trailing) | 44.3 | – |
| Dividend yield | 0.93% | 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 | ATEN | DIA |
|---|---|---|
| 2022 | +1.7% | -7.0% |
| 2023 | -19.4% | +16.0% |
| 2024 | +42.1% | +14.8% |
| 2025 | -2.6% | +14.7% |
| 2026 | +53.9% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEN and DIA good diversifiers for each other?
Reasonably. At 0.46, ATEN and DIA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATEN and DIA?
As of 2026-08-27, the correlation of weekly returns between ATEN and DIA is 0.46 over 3 years, 0.23 over 1 year and 0.42 over 5 years.
Is DIA a good diversifier for ATEN?
Reasonably. At 0.46, ATEN and DIA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
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Related comparisons
Hubs: ATEN correlations · DIA correlations
