CACC vs DIA: Correlation
How closely do Credit Acceptance Corporation (CACC) and SPDR Dow Jones Industrial Average ETF (DIA) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CACC and DIA?
On 3 years of weekly data the CACC/DIA correlation comes out at 0.58, moderate. The past 12 months show a weaker link (0.45) than the 3-year average (0.58). The 5-year figure is 0.57, and annualized covariance runs at 280.1 %².
Among the 10 assets we track against CACC, DIA ranks #5 by 3-year correlation. Neither side won the trailing year by much: +17.7% against +19.2%. Risk is not evenly split, since CACC carries 2.8 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.
CACC vs DIA: side by side
| CACC (Credit Acceptance Corporation) | DIA (SPDR Dow Jones Industrial Average ETF) | |
|---|---|---|
| 1-year return | +17.7% | +19.2% |
| 5-year return | +4.2% | +64.8% |
| Volatility (ann.) | 36.8% | 13.0% |
| Beta vs S&P 500 | 1.30 | 0.79 |
| Max drawdown (3Y) | -32.7% | -16.0% |
| Market cap | $6.2B | – |
| P/E (trailing) | 13.1 | – |
| 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 | CACC | DIA |
|---|---|---|
| 2022 | -31.0% | -7.0% |
| 2023 | +12.3% | +16.0% |
| 2024 | -11.9% | +14.8% |
| 2025 | -5.5% | +14.7% |
| 2026 | +35.4% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CACC and DIA good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CACC and DIA?
The CACC/DIA correlation stands at 0.58 on a 3-year window (1 year: 0.45, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is DIA a good diversifier for CACC?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CACC correlations · DIA correlations
