Dow ETFs: DOW Diamond (DIA)

Looking for the ETF equivalent of the famous Dow Jones Industrial Average (DJIA) that you hear about every day in the business news?

Check out State Street’s DOW Diamond ETF (NYSE: DIA) which tracks the market-cap weighted index of 30 industry leaders including such heavy hitters as IBM (NYSE: IBM), Exxon Mobil (NYSE: XOM), Chevron (NYSE: CVX) and 3M (NYSE: MMM).

As you would expect, the index components are very large and have a reasonable payout. As of April 14, the average market cap of companies in the index is nearly $145 billion and the dividend yield is 2.58%. The fund is very popular with $9.2 billion of assets under management and a low expense ratio of 0.18%.

For more information see State Street’s website.

Need a bearish Dow ETF? ProShares Short Dow 30 (Amex: DOG) and UltraShort Dow 30 (Amex: DXD) seek to return the inverse and 200% of the inverse respectively of the daily return of the DJIA. For more information, see the ProShares website.

“The Dow 30SM” and “Dow Jones Industrial Average” are service marks of Dow Jones & Company, Inc.

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