5 Best Index Funds to Diversify Your Portfolio

2. SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA)

Yield (TTM): 1.89%

The SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) invests at least 80% of its total assets in both growth and value stocks that operate in a wide array of sectors. The fund has investments across energy, real estate, industrial, healthcare, and technology stocks, among others. The fund employs a full replication technique and tracks the performance of the Dow Jones Industrial Average Index, or Dow. The SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) has a top 10 holdings concentration of 55.24%, a trailing twelve-month yield of 1.89%, and an expense ratio of 0.16%.

Among the top holdings of the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA), we have Honeywell International, Inc. (NYSE:HON). On July 29, Citi analyst Andrew Kaplowitz raised his price target on Honeywell International, Inc. (NYSE:HON) to $222 from $211 and maintained a ‘Buy’ rating on the shares.

As of June 30, quant fund D E Shaw owns roughly 1.26 million shares of Honeywell International, Inc. (NYSE:HON) and is the top shareholder in the company. The investment covers 0.25% of D.E. Shaw’s 13F portfolio.