DIA vs V: Correlation
How closely do SPDR Dow Jones Industrial Average ETF (DIA) and Visa Inc. (V) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and V?
Across a 3-year window, the weekly returns of DIA and V correlate at 0.64, strong. Lately the two have drifted apart, with the 1-year correlation at 0.49 versus 0.64 over 3 years. Stretching to 5 years gives 0.68, with an annualized covariance of 158.8 %².
By 3-year correlation, V places #57 of the 116 assets tracked against DIA. Over the last 12 months DIA came out ahead by 10.0 percentage points (+19.2% against +9.2%). The rolling one-year correlation moved between 0.35 and 0.81 over the past three years, a moderate range.
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 V: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | V (Visa Inc.) | |
|---|---|---|
| 1-year return | +19.2% | +9.2% |
| 5-year return | +64.8% | +70.5% |
| Volatility (ann.) | 13.0% | 19.1% |
| Beta vs S&P 500 | 0.79 | 0.72 |
| Max drawdown (3Y) | -16.0% | -20.4% |
| Market cap | – | $708.8B |
| P/E (trailing) | – | 32.7 |
| Dividend yield | 1.37% | 0.70% |
| 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 | V |
|---|---|---|
| 2022 | -7.0% | -3.4% |
| 2023 | +16.0% | +26.3% |
| 2024 | +14.8% | +22.3% |
| 2025 | +14.7% | +11.8% |
| 2026 | +12.3% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
V represents 4.26% of DIA's portfolio, so part of any move in DIA is V itself, and the correlation between them is partly mechanical.
Are DIA and V good diversifiers for each other?
Only partially. A correlation of 0.64 means DIA and V share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DIA and V?
The DIA/V correlation stands at 0.64 on a 3-year window (1 year: 0.49, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is V a good diversifier for DIA?
Only partially. A correlation of 0.64 means DIA and V share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 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 · V correlations
