S&P 500 or Dow Jones? Comparison, Returns & Historical Performance
The two indices share 28.8 % of their weight across 29 companies, and their daily returns correlate at 0.89. Partly the same companies at noticeably different weights — the second index shifts the emphasis rather than doubling up.
Side by side
| S&P 500 | Dow Jones | |
|---|---|---|
| Holdings covered | 474 | 29 |
| Volatility | 16.6 % | 14.9 % |
| Max drawdown | -19.0 % | -16.5 % |
| Cheapest ETF we cover | SPYL · 0.03 % | CIND · 0.33 % |
The largest shared positions
| Company | S&P 500 | Dow Jones |
|---|---|---|
| Microsoft Corporation | 5.55 % | 5.66 % |
| Apple Inc. | 7.42 % | 3.85 % |
| Alphabet Inc. Class A | 3.10 % | 4.00 % |
| Amazon.com Inc. | 3.77 % | 2.91 % |
| NVIDIA Corporation | 8.14 % | 2.55 % |
| JPMorgan Chase & Co. | 1.41 % | 4.00 % |
| Johnson & Johnson | 0.98 % | 3.10 % |
| Visa Inc. Class A | 0.95 % | 4.22 % |
| Walmart Inc. | 0.72 % | 1.22 % |
| Cisco Systems Inc. | 0.65 % | 1.26 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (SXR8 and CIND); of those we could attribute 97.4 % and 98.0 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 550 shared trading days.
The largest single holdings
S&P 500
NVIDIA Corporation 8.14 %
Apple Inc. 7.42 %
Microsoft Corporation 5.55 %
Amazon.com Inc. 3.77 %
Alphabet Inc. Class A 3.10 %
Broadcom Inc. 2.57 %- Alphabet Inc. Class C 2.48 %
Meta Platforms Inc Class A 2.22 %
Micron Technology Inc. 1.74 %
Tesla Inc. 1.55 %
Dow Jones
Goldman Sachs Group Inc. 10.79 %
Caterpillar Inc. 9.27 %- Microsoft Corporation 5.66 %
Amgen Inc. 4.42 %
UnitedHealth Group Incorporated 4.32 %
Travelers Companies Inc. 4.29 %
Visa Inc. Class A 4.22 %
JPMorgan Chase & Co. 4.00 %- Alphabet Inc. Class A 4.00 %
- Apple Inc. 3.85 %
More comparisons with these indices
| Comparison | Overlap |
|---|---|
| S&P 500 vs MSCI USA | 94 % |
| MSCI World vs S&P 500 | 69 % |
| S&P 500 vs Nasdaq 100 | 54 % |
| S&P 500 vs S&P 500 Informationstechnologie | 38 % |
| S&P 500 vs Euro STOXX 50 | 0 % |
| S&P 500 vs MSCI Emerging Markets | 0 % |
| S&P 500 vs MSCI World ex USA | 0 % |
| S&P 500 vs Russell 2000 | 0 % |
| S&P 500 vs STOXX Europe 600 | 0 % |
In the Alysly network
How S&P 500 connects to ETFs, indices and neighbouring names — every link is a measured relation, not a recommendation.
- Apple Stock · contains
- Micron Technology Stock · contains
- Microsoft Corporation Stock · contains
- NVIDIA Corporation Stock · contains
- SPYL ETF · tracks
- SXR8 ETF · tracks
- SPY5 ETF · tracks