DJIA vs. CAIBX
Compare and contrast key facts about Global X Dow 30 Covered Call ETF (DJIA) and American Funds Capital Income Builder Class A (CAIBX).
DJIA is a passively managed fund by Global X that tracks the performance of the DJIA Cboe BuyWrite v2 Index. It was launched on Feb 23, 2022. CAIBX is managed by American Funds. It was launched on Jul 30, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DJIA or CAIBX.
Key characteristics
| DJIA | CAIBX | |
|---|---|---|
| YTD Return | 13.34% | 11.60% |
| 1Y Return | 16.98% | 21.25% |
| Sharpe Ratio | 2.09 | 2.72 |
| Sortino Ratio | 3.04 | 3.83 |
| Omega Ratio | 1.43 | 1.52 |
| Calmar Ratio | 3.66 | 2.66 |
| Martin Ratio | 14.00 | 18.66 |
| Ulcer Index | 1.18% | 1.14% |
| Daily Std Dev | 7.93% | 7.82% |
| Max Drawdown | -16.91% | -42.73% |
| Current Drawdown | -0.17% | -2.08% |
Correlation
The correlation between DJIA and CAIBX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DJIA vs. CAIBX - Performance Comparison
In the year-to-date period, DJIA achieves a 13.34% return, which is significantly higher than CAIBX's 11.60% 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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DJIA vs. CAIBX - Expense Ratio Comparison
DJIA has a 0.60% expense ratio, which is higher than CAIBX's 0.59% expense ratio.
Risk-Adjusted Performance
DJIA vs. CAIBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) and American Funds Capital Income Builder Class A (CAIBX). 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
DJIA vs. CAIBX - Dividend Comparison
DJIA's dividend yield for the trailing twelve months is around 6.46%, more than CAIBX's 3.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 6.46% | 7.16% | 9.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CAIBX American Funds Capital Income Builder Class A | 3.13% | 3.36% | 3.43% | 3.14% | 3.38% | 3.29% | 3.80% | 3.41% | 3.52% | 3.60% | 4.63% | 3.30% |
Drawdowns
DJIA vs. CAIBX - Drawdown Comparison
The maximum DJIA drawdown since its inception was -16.91%, smaller than the maximum CAIBX drawdown of -42.73%. Use the drawdown chart below to compare losses from any high point for DJIA and CAIBX. For additional features, visit the drawdowns tool.
Volatility
DJIA vs. CAIBX - Volatility Comparison
Global X Dow 30 Covered Call ETF (DJIA) has a higher volatility of 3.16% compared to American Funds Capital Income Builder Class A (CAIBX) at 2.02%. This indicates that DJIA's price experiences larger fluctuations and is considered to be riskier than CAIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.