Yes, there are a couple of ways to trade the Dow Jones from Canada. While you can’t buy shares directly in the Dow Jones, you can invest in an exchange traded fund (ETF) or index fund that tracks the performance of the 30 stocks in the Dow Jones Industrial Average index. You can also buy shares in the individual companies listed on the Dow Jones index, but this can be an expensive and time-consuming way to invest.
How to invest in the Dow Jones
Choose an index fund or ETF that tracks the Dow. Some index funds track the performance of all 30 Dow stocks, whereas others only track a certain number of stocks or are weighted more towards specific stocks. You should select the fund that best suits your investment goals.
Open a share-trading account. Once you’ve selected the fund you’d like to buy, you’ll need to open a trading account with a broker or platform that offers it. Different brokers have different fee structures, so it’s worth researching which platform best suits your needs before investing. You can compare trading platforms below.
Deposit funds. Once you’ve set up an account, you’ll need to deposit funds. Depending on which broker you use, you may need to pay a forex fee when you deposit money.
Buy the index fund. Once your account is set up and funded, you can buy the Dow Jones index fund. You generally pay a small annual fee in order to invest in an index fund or ETF.
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The Dow Jones Industrial Average (DJIA), also known as the Dow, is a stock market index that tracks the stock performance of 30 of the largest companies on US stock exchanges. It’s not weighted by market capitalization and does not use a weighted arithmetic mean. It is maintained by S&P Dow Jones Indices and is the second-oldest US market index.
Should I invest in the Dow Jones?
The Dow is an index of 30 of the largest and most successful companies on US stock exchanges. Between 2009 and 2019, the Dow gained over 21,000 points, an increase of around 260%. However, like most stock indices, the Dow has suffered heavy losses as a result of the coronavirus pandemic, but historically it has been a sensible investment option.
Dow Jones stocks
The alternative way to invest in the Dow Jones is to buy stocks in the listed companies directly. You could choose to buy one share in each of the 30 companies in the Dow or select a few stocks to buy.
However, while this method gives you direct exposure to the companies in the Dow Jones, it’s likely to be an expensive way to invest. Many of the stocks in the Dow are worth hundreds of US dollars, so if you wanted to buy at least one stock in each company, you’d be looking at investing significant money.
Depending on which broker or trading platform you use, you may also be charged for each individual stock you buy, and these trading fees can often wipe out any potential profit you make. In comparison, you only pay a small annual fee when you buy an ETF, but your investment will still be tied to the performance of the Dow.
You can also trade the Dow Jones via derivatives such as futures contracts, which let you predict how the index will perform over a certain period.
Dow Jones companies: what companies are in the DJIA?
Company
Exchange
Stock code
Industry
3M
NYSE
NYSE: MMM
Conglomerate
American Express
NYSE
NYSE: AXP
Financial services
Apple Inc.
NASDAQ
AAPL
Information technology
Boeing
NYSE
NYSE: BA
Aerospace and arms
Caterpillar Inc.
NYSE
NYSE: CAT
Construction/Mining
Chevron Corporation
NYSE
NYSE: CVX
Petroleum industry
Cisco Systems
NASDAQ
CSCO
Information technology
The Coca-Cola Company
NYSE
NYSE: KO
Food industry
Dow Inc.
NYSE
NYSE: DOW
Chemical industry
ExxonMobil
NYSE
NYSE: XOM
Petroleum industry
Goldman Sachs
NYSE
NYSE: GS
Financial services
The Home Depot
NYSE
NYSE: HD
Retailing
IBM
NYSE
NYSE: IBM
Information technology
Intel
NASDAQ
INTC
Information technology
Johnson & Johnson
NYSE
NYSE: JNJ
Pharmaceuticals
JPMorgan Chase
NYSE
NYSE: JPM
Financial services
McDonald’s
NYSE
NYSE: MCD
Food industry
Merck & Co.
NYSE
NYSE: MRK
Pharmaceuticals
Microsoft
NASDAQ
MSFT
Information technology
Nike
NYSE
NYSE: NKE
Apparel
Pfizer
NYSE
NYSE: PFE
Pharmaceuticals
Procter & Gamble
NYSE
NYSE: PG
Consumer
The Travelers Companies
NYSE
NYSE: TRV
Financial services
UnitedHealth Group
NYSE
NYSE: UNH
Managed health care
United Technologies
NYSE
NYSE: UTX
Conglomerate
Verizon
NYSE
NYSE: VZ
Telecommunication
Visa Inc.
NYSE
NYSE: V
Financial services
Walmart
NYSE
NYSE: WMT
Retailing
Walgreens Boots Alliance
NASDAQ
WBA
Retailing
The Walt Disney Company
NYSE
NYSE: DIS
Broadcasting/entertainment
Compare platforms for trading the Dow Jones
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney.
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