Nationwide Dow Jones Risk-Managed Income ETF (NDJI)
The Nationwide Dow Jones Risk-Managed Income (NDJI) is an actively managed ETF that seeks to achieve its objectives by investing in a portfolio of stocks included in the Dow Jones Industrial Average and an options collar on the Dow Jones. Under typical market conditions, at least 80% of the fund's assets will be invested in securities or derivatives linked to companies included in the fund's reference index. It should be noted that the fund is non-diversified, meaning it may have a higher level of risk due to its concentration in a smaller number of securities.
ETF Info
| ISIN | US26922B7588 |
|---|---|
| CUSIP | 26922B758 |
| Issuer | Nationwide |
| Inception Date | Dec 16, 2021 |
| Category | Actively Managed, Hedge Fund |
| Index Tracked | No Index (Active) |
| Home Page | nationwidefinancial.com |
| Asset Class | Equity |
Expense Ratio
NDJI has a high expense ratio of 0.68%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nationwide Dow Jones Risk-Managed Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 5.57% |
| 1 month | N/A | -4.16% |
| 6 months | N/A | 20.07% |
| 1 year | N/A | 20.82% |
| 5 years (annualized) | N/A | 11.56% |
| 10 years (annualized) | N/A | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.85% | 1.81% | ||||||||||
| 2023 | -1.52% | 8.16% | 2.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nationwide Dow Jones Risk-Managed Income ETF (NDJI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nationwide Dow Jones Risk-Managed Income ETF granted a 4.99% dividend yield in the last twelve months. The annual payout for that period amounted to $1.07 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $1.07 | $1.42 | $1.54 | $0.14 |
Dividend yield | 4.99% | 6.74% | 7.69% | 0.57% |
Monthly Dividends
The table displays the monthly dividend distributions for Nationwide Dow Jones Risk-Managed Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.12 | $0.00 | ||||||||||
| 2023 | $0.12 | $0.12 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.11 | $0.12 | $0.12 |
| 2022 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.13 | $0.13 | $0.12 | $0.12 | $0.12 | $0.12 |
| 2021 | $0.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Nationwide Dow Jones Risk-Managed Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nationwide Dow Jones Risk-Managed Income ETF was 20.68%, occurring on Sep 30, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.68% | Jan 5, 2022 | 186 | Sep 30, 2022 | — | — | — |
| -0.72% | Dec 20, 2021 | 1 | Dec 20, 2021 | 2 | Dec 22, 2021 | 3 |
| -0.45% | Dec 30, 2021 | 2 | Dec 31, 2021 | 1 | Jan 3, 2022 | 3 |
Volatility
Volatility Chart
The current Nationwide Dow Jones Risk-Managed Income ETF volatility is 1.80%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.