DIA vs VUG: Correlation & Overlap
SPDR Dow Jones Industrial Average ETF (DIA) and Vanguard Growth ETF (VUG) show a strong relationship: their 3-year correlation of weekly returns is 0.74. The two funds also share 20.8% of their portfolios by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and VUG?
Over the past 3 years, DIA and VUG moved with a correlation of 0.74, which is strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 187.3 %².
Within DIA's tracked universe of 116 assets, VUG comes in at #27 by 3-year correlation. Twelve-month performance is nearly a tie, at +19.2% for DIA and +16.2% for VUG. Across three years, the rolling one-year figure varied moderately, from 0.48 to 0.88.
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 VUG: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | VUG (Vanguard Growth ETF) | |
|---|---|---|
| 1-year return | +19.2% | +16.2% |
| 5-year return | +64.8% | +78.4% |
| Volatility (ann.) | 13.0% | 19.4% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -16.0% | -22.8% |
| Dividend yield | 1.37% | 0.40% |
| Expense ratio | 0.16% | 0.03% |
| Assets under management | $45.2B | $372.0B |
| Sector / category | ETF · US Large Cap | ETF · US Style |
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. VUG, Vanguard's Large Growth fund, carries $372.0B under management, 146 holdings, a 0.03% expense ratio, a 0.40% trailing dividend yield.
Portfolio overlap between DIA and VUG
The two portfolios partially overlap. Weighing the shared positions, 20.8% of the two funds is identical, spread across 9 common holdings. That shared book is a large part of why the returns line up.
| Common holding | Weight in DIA | Weight in VUG |
|---|---|---|
| MSFT | 5.51% | 9.61% |
| GOOGL | 3.80% | 5.81% |
| AAPL | 3.48% | 12.63% |
| AMZN | 2.89% | 5.16% |
| NVDA | 2.33% | 12.84% |
| V | 4.26% | 1.66% |
| MCD | 2.96% | 0.55% |
| BA | 2.36% | 0.49% |
| SHW | 3.87% | 0.13% |
Largest positions held only by DIA: GS (11.56%), CAT (9.13%), AMGN (4.89%), UNH (4.45%), TRV (4.12%). Only by VUG: GOOG (4.64%), AVGO (4.47%), META (3.41%), LLY (2.72%), TSLA (2.45%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 9 common positions shown.
Year-by-year returns
| Year | DIA | VUG |
|---|---|---|
| 2022 | -7.0% | -33.2% |
| 2023 | +16.0% | +46.8% |
| 2024 | +14.8% | +32.7% |
| 2025 | +14.7% | +19.4% |
| 2026 | +12.3% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and VUG good diversifiers for each other?
Only partially. A correlation of 0.74 means DIA and VUG 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 VUG?
The DIA/VUG correlation stands at 0.74 on a 3-year window (1 year: 0.68, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is VUG a good diversifier for DIA?
Only partially. A correlation of 0.74 means DIA and VUG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
How much do DIA and VUG overlap?
20.8% by weight, across 9 common holdings, based on issuer-disclosed portfolios as of 2026-08-26.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dia-vs-vug.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dia-vs-vug/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DIA correlations · VUG correlations
