ETF Research and Analysis

by Alex Bryan, CFA
Suitability
SPDR Dow Jones Industrial Average ETF DIA invests in 30 industry-leading companies that approximate the industry composition of the U.S. stock market. However, it leaves out a broad swath of the U.S. large-cap market and   Read more 

Bull Case

Profitable, wide-moat stocks anchor the portfolio and may help it hold up a little better than the S&P 500 during market downturns.
Since its inception, the fund has experienced minimal index-tracking error.
The fund offers low-cost exposure to U.S. industry leaders. Read more 

Bear Case

Price weighting does not accurately reflect the relative size of the fund's holdings.
The committee that maintains the Dow Jones Industrial Average does not follow a predefined set of objective rules to select the index's constituents.
This portfolio is highly concentrated. Read more 

Morningstar Minute: Two disciplined takes on value investing 
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