Core Viewpoint - The SPDR Dow Jones Industrial Average ETF (DIA) is a large-cap value ETF that aims to provide broad exposure to the U.S. equity market, specifically targeting large-cap companies with a market capitalization above $10 billion, and has amassed over $40.08 billion in assets, making it one of the largest ETFs in this segment [1][2]. Group 1: Fund Overview - DIA is passively managed and was launched on January 13, 1998, sponsored by State Street Investment Management [1]. - The ETF has annual operating expenses of 0.16%, which is considered low compared to other funds in the space, and it has a 12-month trailing dividend yield of 1.49% [4]. Group 2: Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising about 26.5% of the portfolio, followed by Information Technology and Consumer Discretionary [5]. - Goldman Sachs Group Inc (GS) is the largest holding, accounting for approximately 9.86% of total assets, with the top 10 holdings representing about 54% of total assets under management [6]. Group 3: Performance Metrics - As of August 19, 2025, DIA has gained approximately 6.42% year-to-date and 12.12% over the past year, with a trading range between $376.48 and $450.94 in the past 52 weeks [7]. - The ETF has a beta of 0.91 and a standard deviation of 14.6% over the trailing three-year period, indicating a medium risk profile [8]. Group 4: Alternatives and Market Position - DIA holds a Zacks ETF Rank of 1 (Strong Buy), indicating strong expected performance based on various factors [9]. - Other comparable ETFs include the Schwab U.S. Dividend Equity ETF (SCHD) with $70.84 billion in assets and an expense ratio of 0.06%, and the Vanguard Value ETF (VTV) with $141.70 billion in assets and an expense ratio of 0.04% [10]. Group 5: Investment Appeal - Passively managed ETFs like DIA are favored by both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency, making them an excellent choice for long-term investors [11].