DGT vs. EDOW
Compare and contrast key facts about SPDR Global Dow ETF (DGT) and First Trust Dow 30 Equal Weight ETF (EDOW).
DGT and EDOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGT is a passively managed fund by State Street that tracks the performance of the Global Dow Index. It was launched on Sep 25, 2000. EDOW is a passively managed fund by First Trust that tracks the performance of the Dow Jones Industrail Average Equal Weight TR. It was launched on Aug 8, 2017. Both DGT and EDOW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGT or EDOW.
Key characteristics
| DGT | EDOW | |
|---|---|---|
| YTD Return | 17.13% | 14.60% |
| 1Y Return | 29.39% | 28.14% |
| 3Y Return (Ann) | 9.22% | 7.20% |
| 5Y Return (Ann) | 12.40% | 9.93% |
| Sharpe Ratio | 2.64 | 2.58 |
| Sortino Ratio | 3.54 | 3.64 |
| Omega Ratio | 1.47 | 1.48 |
| Calmar Ratio | 4.07 | 4.19 |
| Martin Ratio | 17.98 | 13.86 |
| Ulcer Index | 1.59% | 1.99% |
| Daily Std Dev | 10.86% | 10.68% |
| Max Drawdown | -55.36% | -33.72% |
| Current Drawdown | -1.17% | 0.00% |
Correlation
The correlation between DGT and EDOW is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DGT vs. EDOW - Performance Comparison
In the year-to-date period, DGT achieves a 17.13% return, which is significantly higher than EDOW's 14.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DGT vs. EDOW - Expense Ratio Comparison
Both DGT and EDOW have an expense ratio of 0.50%.
Risk-Adjusted Performance
DGT vs. EDOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Global Dow ETF (DGT) and First Trust Dow 30 Equal Weight ETF (EDOW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DGT vs. EDOW - Dividend Comparison
DGT's dividend yield for the trailing twelve months is around 2.28%, more than EDOW's 1.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGT SPDR Global Dow ETF | 2.28% | 2.53% | 3.15% | 2.66% | 1.97% | 2.76% | 2.50% | 1.93% | 2.31% | 2.37% | 2.67% | 2.18% |
EDOW First Trust Dow 30 Equal Weight ETF | 1.78% | 1.93% | 1.91% | 1.52% | 1.84% | 1.89% | 1.82% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DGT vs. EDOW - Drawdown Comparison
The maximum DGT drawdown since its inception was -55.36%, which is greater than EDOW's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for DGT and EDOW. For additional features, visit the drawdowns tool.
Volatility
DGT vs. EDOW - Volatility Comparison
The current volatility for SPDR Global Dow ETF (DGT) is 2.99%, while First Trust Dow 30 Equal Weight ETF (EDOW) has a volatility of 3.88%. This indicates that DGT experiences smaller price fluctuations and is considered to be less risky than EDOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.