iShares Dow Jones US ETF

IYY

Market cap $2.66B

IYY and IWB are very similar ETFs holding about 1,000 of the largest US-traded companies weighted based on float-adjusted market capitalization. The differences in underlying indexes definition and rebalancing make no significant difference in portfolio composition and historical performance. IWB offers tighter bid-ask spreads and higher trading volumes, making it more attractive for active traders.

The Dow Jones crosses the 45,000 milestone for the first time ever. Investors seeking to participate in the rally can consider these ETFs.

The Dow Jones hit a new all-time high following a stronger-than-expected jobs report, which renewed investors' confidence about the health of the economy.

The Dow Jones hit a new record high, outperforming the other two indices on Monday on increased September rate cut bets.

The Dow Jones gained for six consecutive days, marking its longest winning streak this year and emerging more powerful than the other two major indices.

iShares Dow Jones U.S. ETF provides broad exposure to the US equities market with a diverse range of holdings. The top sectors in IYY include Information Technology, Financials, Health Care, Consumer Discretionary, and Industrials. IYY has solid performance compared to similar ETFs, but may include underperforming sectors and has a relatively low expense ratio.

Amazon.com (AMZN) joined the Dow Jones, replacing drugstore operator Walgreens Boots Alliance (WBA) on Feb 26. The reshuffle reflects the ongoing shift from traditional brick-and-mortar retail to e-commerce and technology-driven companies.

Among the three key U.S. equity gauges, the Dow Jones lagged the S&P 500 and the Nasdaq in the past one year. But Amazon's latest entry to Dow Jones and a few other factors are likely to boost Dow Jones ETFs in the near term.

The Federal Reserve kept rates steady and maintained a hawkish stance toward inflation while acknowledging an outstanding economy and progress in vanquishing inflationary pressure. Expectations for rate cuts in March were dampened by a change in statement language and Powell's comments in the press conference.

The laggard of the three key U.S. equity gauges in 2023 -- the Dow Jones Industrial Average -- managed to close the first trading day of 2024 in the green, unlike the S&P 500 and the Nasdaq.