DIA vs OMH: Correlation
Measured on weekly returns over the past three years, SPDR Dow Jones Industrial Average ETF (DIA) and Ohmyhome Limited - Class A (OMH) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and OMH?
Across a 3-year window, the weekly returns of DIA and OMH correlate at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.04) than the 3-year average (-0.16). Stretching to 5 years gives n/a, with an annualized covariance of -963.1 %².
By 3-year correlation, OMH places #110 of the 116 assets tracked against DIA. The last year tells two different stories: DIA led by 112.8 percentage points, +19.2% for DIA against -93.6% for OMH. Note the risk asymmetry: OMH runs 34.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 OMH: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | OMH (Ohmyhome Limited - Class A) | |
|---|---|---|
| 1-year return | +19.2% | -93.6% |
| 5-year return | +64.8% | n/a |
| Volatility (ann.) | 13.0% | 448.2% |
| Beta vs S&P 500 | 0.79 | -3.85 |
| Max drawdown (3Y) | -16.0% | -97.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.37% | 0.00% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | US Listed |
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 | OMH |
|---|---|---|
| 2022 | -7.0% | – |
| 2023 | +16.0% | – |
| 2024 | +14.8% | -73.9% |
| 2025 | +14.7% | +102.0% |
| 2026 | +12.3% | -90.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and OMH good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DIA and OMH?
The DIA/OMH correlation stands at -0.16 on a 3-year window (1 year: 0.04, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is OMH a good diversifier for DIA?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 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.
Use this data
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Related comparisons
Hubs: DIA correlations · OMH correlations
