DJIA vs. NDJI
Compare and contrast key facts about Global X Dow 30 Covered Call ETF (DJIA) and Nationwide Dow Jones Risk-Managed Income ETF (NDJI).
DJIA and NDJI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. NDJI is an actively managed fund by Nationwide. It was launched on Dec 16, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DJIA or NDJI.
Correlation
The correlation between DJIA and NDJI is 0.58, 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. NDJI - Performance Comparison
Key characteristics
Returns By Period
DJIA
-2.82%
-3.70%
0.95%
7.21%
N/A
N/A
NDJI
N/A
N/A
N/A
N/A
N/A
N/A
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DJIA vs. NDJI - Expense Ratio Comparison
DJIA has a 0.60% expense ratio, which is lower than NDJI's 0.68% expense ratio.
Risk-Adjusted Performance
DJIA vs. NDJI — Risk-Adjusted Performance Rank
DJIA
NDJI
DJIA vs. NDJI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) and Nationwide Dow Jones Risk-Managed Income ETF (NDJI). 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. NDJI - Dividend Comparison
DJIA's dividend yield for the trailing twelve months is around 12.79%, while NDJI has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 12.79% | 11.44% | 7.16% | 9.18% | 0.00% |
NDJI Nationwide Dow Jones Risk-Managed Income ETF | 0.00% | 0.58% | 6.74% | 7.69% | 0.57% |
Drawdowns
DJIA vs. NDJI - Drawdown Comparison
Volatility
DJIA vs. NDJI - Volatility Comparison
Global X Dow 30 Covered Call ETF (DJIA) has a higher volatility of 10.97% compared to Nationwide Dow Jones Risk-Managed Income ETF (NDJI) at 0.00%. This indicates that DJIA's price experiences larger fluctuations and is considered to be riskier than NDJI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.