DIA vs NSIT: Correlation
Measured on weekly returns over the past three years, SPDR Dow Jones Industrial Average ETF (DIA) and Insight Enterprises, Inc. (NSIT) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and NSIT?
Across a 3-year window, the weekly returns of DIA and NSIT correlate at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 266.9 %².
Among the 116 assets we track against DIA, NSIT ranks #86 by 3-year correlation. Neither side won the trailing year by much: +19.2% against +21.4%. Risk is not evenly split, since NSIT carries 2.9 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 NSIT: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | NSIT (Insight Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | +21.4% |
| 5-year return | +64.8% | +51.9% |
| Volatility (ann.) | 13.0% | 38.2% |
| Beta vs S&P 500 | 0.79 | 1.35 |
| Max drawdown (3Y) | -16.0% | -71.4% |
| Market cap | – | $4.6B |
| P/E (trailing) | – | 22.5 |
| Dividend yield | 1.37% | 0.00% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | US Listed |
On the fund side, DIA sits in the Large Value category at State Street Investment Management, with $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | DIA | NSIT |
|---|---|---|
| 2022 | -7.0% | -5.9% |
| 2023 | +16.0% | +76.7% |
| 2024 | +14.8% | -14.2% |
| 2025 | +14.7% | -46.4% |
| 2026 | +12.3% | +91.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and NSIT good diversifiers for each other?
To a limited degree. At 0.54 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 DIA and NSIT?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.50 over the last year and 0.49 over 5 years.
Is NSIT a good diversifier for DIA?
To a limited degree. At 0.54 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 0.54 mean?
On the −1 to +1 scale, 0.54 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/dia-vs-nsit.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dia-vs-nsit/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DIA correlations · NSIT correlations
