DIA vs MET: Correlation
SPDR Dow Jones Industrial Average ETF (DIA) and MetLife (MET) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and MET?
Over the past 3 years, DIA and MET moved with a correlation of 0.67, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.67 over 3 years. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 202.4 %².
Within DIA's tracked universe of 116 assets, MET comes in at #50 by 3-year correlation. Twelve-month performance is nearly a tie, at +19.2% for DIA and +22.1% for MET. On a rolling one-year basis the correlation drifted between 0.48 and 0.81, a moderate band. Risk is not evenly split, since MET carries 1.8 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.
DIA vs MET: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | MET (MetLife) | |
|---|---|---|
| 1-year return | +19.2% | +22.1% |
| 5-year return | +64.8% | +80.8% |
| Volatility (ann.) | 13.0% | 23.3% |
| Beta vs S&P 500 | 0.79 | 0.89 |
| Max drawdown (3Y) | -16.0% | -22.0% |
| Market cap | – | $61.2B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 1.37% | 2.38% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | Financials |
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 | DIA | MET |
|---|---|---|
| 2022 | -7.0% | +19.2% |
| 2023 | +16.0% | -5.5% |
| 2024 | +14.8% | +27.7% |
| 2025 | +14.7% | -0.8% |
| 2026 | +12.3% | +24.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and MET good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DIA and MET?
As of 2026-08-27, the correlation of weekly returns between DIA and MET is 0.67 over 3 years, 0.48 over 1 year and 0.67 over 5 years.
Is MET a good diversifier for DIA?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dia-vs-met.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dia-vs-met/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DIA correlations · MET correlations
