DIA vs VTI: Correlation & Overlap
SPDR Dow Jones Industrial Average ETF (DIA) and Vanguard Total Stock Market ETF (VTI) show a very strong relationship: their 3-year correlation of weekly returns is 0.90. The two funds also share 26.7% of their portfolios by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and VTI?
On 3 years of weekly data the DIA/VTI correlation comes out at 0.90, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.86 over 1 year against 0.90 over 3. The 5-year figure is 0.92, and annualized covariance runs at 170.7 %².
By 3-year correlation, VTI places #5 of the 116 assets tracked against DIA. Neither side won the trailing year by much: +19.2% against +20.7%. The link looks structural: the rolling one-year correlation barely moved, holding between 0.77 and 0.95.
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 VTI: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | +19.2% | +20.7% |
| 5-year return | +64.8% | +74.8% |
| Volatility (ann.) | 13.0% | 14.6% |
| Beta vs S&P 500 | 0.79 | 1.01 |
| Max drawdown (3Y) | -16.0% | -19.3% |
| Dividend yield | 1.37% | 1.06% |
| Expense ratio | 0.16% | 0.03% |
| Assets under management | $45.2B | $2,290.0B |
| Sector / category | ETF · US Large Cap | ETF · US Large Cap |
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. VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Portfolio overlap between DIA and VTI
The two portfolios partially overlap, with 30 holdings in common adding up to 26.7% of fund weight. Where correlation shows the co-movement, the overlap shows its source.
| Common holding | Weight in DIA | Weight in VTI |
|---|---|---|
| MSFT | 5.51% | 4.80% |
| AAPL | 3.48% | 6.31% |
| GOOGL | 3.80% | 2.91% |
| AMZN | 2.89% | 3.66% |
| NVDA | 2.33% | 6.42% |
| JPM | 3.96% | 1.31% |
| JNJ | 3.00% | 0.86% |
| V | 4.26% | 0.83% |
| WMT | 1.16% | 0.68% |
| CSCO | 1.25% | 0.57% |
| UNH | 4.45% | 0.52% |
| CAT | 9.13% | 0.52% |
| CVX | 2.22% | 0.52% |
| PG | 1.61% | 0.47% |
| HD | 3.72% | 0.46% |
Largest positions held only by DIA: . Only by VTI: AVGO (2.56%), GOOG (2.32%), META (1.70%), LLY (1.36%), MU (1.29%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 15 common positions shown.
Year-by-year returns
| Year | DIA | VTI |
|---|---|---|
| 2022 | -7.0% | -19.5% |
| 2023 | +16.0% | +26.0% |
| 2024 | +14.8% | +23.8% |
| 2025 | +14.7% | +17.1% |
| 2026 | +12.3% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and VTI good diversifiers for each other?
No. With a correlation of 0.90, DIA and VTI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between DIA and VTI?
Using weekly returns as of 2026-08-27: 0.90 over 3 years, with 0.86 over the last year and 0.92 over 5 years.
Is VTI a good diversifier for DIA?
No. With a correlation of 0.90, DIA and VTI move nearly in lockstep, so holding both adds very little diversification.
How much do DIA and VTI overlap?
Per the issuers' own portfolio disclosures (2026-08-26), the overlap is 26.7% by weight over 30 common positions.
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Related comparisons
Hubs: DIA correlations · VTI correlations
