DIA vs HYG
- 5 of 19 forces clearly differ
- Data through Oct 30, 2026
- Market move removed first
DIA and HYG clearly differ on 5 of 19 forces. The widest gap is oil and energy: in weeks when the price of oil rose 10%, DIA typically moved −0.41% and HYG 0.00%.
| Economic force | DIASPDR Dow Jones Industrial Average ETF | HYGiShares iBoxx $ High Yield Corporate Bond ETF |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.48%−1.0% to +0.06%Not distinguishable from zero | −0.85%−1.0% to −0.74%Clear |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +1.0%+0.01% to +2.0%Tentative | +0.76%+0.47% to +1.1%Clear |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.04%−0.44% to +0.37%Not distinguishable from zero | −0.19%−0.32% to −0.06%Tentative |
| Oil and energyIn weeks when the price of oil rose 10%Clear difference | −0.41%−0.60% to −0.21%Clear | 0.00%−0.08% to +0.07%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.73%−1.4% to −0.07%Tentative | −0.44%−0.68% to −0.21%Clear |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.15%−0.75% to +0.45%Not distinguishable from zero | −0.61%−0.80% to −0.43%Clear |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.10%−0.38% to +0.19%Not distinguishable from zero | −0.27%−0.37% to −0.18%Clear |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.07%−0.41% to +0.26%Not distinguishable from zero | +0.14%−0.03% to +0.31%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.05%−0.29% to +0.20%Not distinguishable from zero | −0.03%−0.11% to +0.05%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.03%−0.17% to +0.23%Not distinguishable from zero | 0.00%−0.06% to +0.05%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.01%−0.02% to 0.00%Not distinguishable from zero | 0.00%0.00% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.15%−0.39% to +0.09%Not distinguishable from zero | −0.06%−0.12% to 0.00%Tentative |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | +0.23%+0.17% to +0.29%Clear | +0.07%+0.05% to +0.09%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.39%+0.34% to +0.43%Clear | +0.05%+0.02% to +0.07%Tentative |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | −0.20%−0.27% to −0.12%Clear | −0.01%−0.04% to +0.02%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +0.09%−0.55% to +0.73%Not distinguishable from zero | +0.11%−0.12% to +0.34%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.10%−0.13% to +0.34%Not distinguishable from zero | +0.06%−0.05% to +0.16%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | −0.11%−0.19% to −0.03%Tentative | +0.02%−0.01% to +0.04%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.04%0.00% to +0.08%Tentative | +0.01%0.00% to +0.03%Not distinguishable from zero |
Each figure is the stock's typical move in a week when the force moved by the stated amount, after accounting for the stock market, with its 90% range beneath. Grey figures could not be told apart from zero. A row is marked a clear difference only when the two 90% ranges do not overlap.
This describes the past, and it is not a forecast. Relationships change, and nothing here is a recommendation to buy, sell or hold any security.