Compare/Updated Oct 26, 2026, refreshed every trading day
DIA vs VOO
State Street SPDR Dow Jones Industrial Average ETF Trust against Vanguard S&P 500 ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
VOO clearly outperformed DIA over the period: $1,000 invested on October 28, 2022 grew to $2,065 versus $1,698 for DIA, representing total returns of 106.5% and 69.8%, respectively. VOO also led over one, three, and six months, YTD, and three years, while charging a much lower expense ratio of 0.03% versus DIA’s 0.16%. The trade-off was somewhat greater downside: VOO’s worst drawdown was -18.7%, compared with -16.0% for DIA. Risk was otherwise nearly identical, with trailing 12-month volatility of 12.7% for VOO and 12.6% for DIA. Their daily moves were highly correlated at 0.886, but VOO won 28 of the last 48 months. For investors seeking stronger historical growth and lower costs, VOO was the superior performer; DIA offered slightly lower drawdown risk but materially lagged.
- Price is above its 200-day average ($502); 50-day at $522.
- RSI 53, neutral. Supertrend says buy. ADX 20, so the trend is developing.
- Price is above its 200-day average ($665); 50-day at $705.
- RSI 42, neutral. Supertrend says sell. ADX 14, so the trend is weak.
Head to head
Which has returned more, DIA or VOO?
DIA beat VOO in 20 of the last 48 months; VOO won the other 28. The typical monthly gap was 1.31 points.
Total return by period
Which is riskier?
DIA: Dec 4, 2024 to Apr 8, 2025; VOO: Feb 19, 2025 to Apr 8, 2025
- 0.886
- correlation of daily moves, 4 years
- 0.80
- DIA move per 1% in VOO
- 0.823
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 1.31 points.
When did they diverge?
| Month | DIA | VOO | Gap |
|---|---|---|---|
| September 2026 | -4.1% | -0.3% | -3.79 pts |
| May 2023 | -3.2% | +0.5% | -3.65 pts |
| June 2026 | +2.5% | -1.0% | +3.51 pts |
| January 2023 | +3.0% | +6.3% | -3.33 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with DIA and VOO?
- Expense ratio
- 0.16%
- Fund assets
- $45B
- Price
- $521.37
Go deeper
Ask InvestGPT which one fits your portfolio.
Eight research agents read your holdings, the overlap and the tax side, then answer in plain words. Free accounts get one report a month.
More comparisons
Find another comparison.
Track both, get told when something changes.
Add DIA and VOO to a watchlist and Kavout emails you when a signal flips or a price target is hit.
Free account, no card