DJIA vs. TMC
DJIA (Global X Dow 30 Covered Call ETF) is Derivative Income fund tracking the DJIA Cboe BuyWrite v2 Index, while TMC (TMC the metals company Inc.) is a stock. Over the past 3 years, DJIA returned 10.45%/yr vs 106.60%/yr for TMC. At a 0.20 correlation, their price movements are largely independent.
Performance
DJIA vs. TMC - Performance Comparison
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Returns By Period
In the year-to-date period, DJIA achieves a 3.46% return, which is significantly higher than TMC's -2.92% return.
DJIA
- 1D
- 0.00%
- 1M
- 3.03%
- YTD
- 3.46%
- 6M
- 3.90%
- 1Y
- 14.27%
- 3Y*
- 10.45%
- 5Y*
- —
- 10Y*
- —
TMC
- 1D
- -2.12%
- 1M
- 14.31%
- YTD
- -2.92%
- 6M
- -23.21%
- 1Y
- 41.27%
- 3Y*
- 106.60%
- 5Y*
- —
- 10Y*
- —
DJIA vs. TMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 3.46% | 9.11% | 14.52% | 9.15% | -2.80% |
TMC TMC the metals company Inc. | -2.92% | 450.89% | 1.82% | 42.86% | -52.47% |
Correlation
The correlation between DJIA and TMC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022 | 0.20 |
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Return for Risk
DJIA vs. TMC — Risk / Return Rank
DJIA
TMC
DJIA vs. TMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) and TMC the metals company Inc. (TMC). 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.
| DJIA | TMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.15 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.67 | +1.28 |
| Martin ratioReturn relative to average drawdown | 7.25 | 1.12 | +6.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DJIA | TMC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 0.40 | +1.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | -0.08 | +0.77 |
Drawdowns
DJIA vs. TMC - Drawdown Comparison
The maximum DJIA drawdown since its inception was -16.91%, smaller than the maximum TMC drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for DJIA and TMC.
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Drawdown Indicators
| DJIA | TMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -95.58% | +78.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -61.65% | +54.31% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -74.56% | +62.47% |
Current DrawdownCurrent decline from peak | -0.13% | -51.89% | +51.76% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -79.59% | +76.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 37.06% | -35.09% |
Volatility
DJIA vs. TMC - Volatility Comparison
The current volatility for Global X Dow 30 Covered Call ETF (DJIA) is 1.66%, while TMC the metals company Inc. (TMC) has a volatility of 24.63%. This indicates that DJIA experiences smaller price fluctuations and is considered to be less risky than TMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DJIA | TMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 24.63% | -22.97% |
Volatility (6M)Calculated over the trailing 6-month period | 6.24% | 67.19% | -60.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.74% | 103.58% | -95.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 113.04% | -101.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 113.04% | -101.85% |
Dividends
DJIA vs. TMC - Dividend Comparison
DJIA's dividend yield for the trailing twelve months is around 10.82%, while TMC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 10.82% | 10.60% | 11.44% | 7.16% | 9.18% |
TMC TMC the metals company Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DJIA and TMC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMC has higher volatility (24.63%) compared to DJIA (1.66%). In terms of maximum drawdown, DJIA dropped -16.91% vs TMC's -95.58%.
DJIA currently has the higher Sharpe Ratio (1.85 vs 0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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