The Dow Jones Industrial Average (DJIA) has outperformed the S&P 500 in terms of year-to-date change, with a increase of 11.81% compared to the S&P 500's increase of 10.25% as of the most recent data point on November 1, 202412.
However, it's important to note that the S&P 500 has a higher overall percentage change over the past year, with a 26.65% increase compared to the DJIA's 24.13% increase over the same period12.
The recent performance of the DJIA has been bolstered by gains in companies like Amazon and Sherwin-Williams, which have contributed to the index's recent strength34. Additionally, the upcoming replacement of Dow Inc. with Sherwin-Williams in the DJIA is expected to further enhance the index's performance as it aligns more closely with the broader market trends4.
In conclusion, while the DJIA has outperformed the S&P 500 in the short term, the S&P 500's longer-term performance suggests that it may rebound and surpass the DJIA in the future. The upcoming changes in the composition of both indices, including the addition of NVIDIA to the DJIA and the replacement of Intel with NVIDIA in the S&P 500, are likely to further influence their performance trajectories56.