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 10.47%/yr vs 47.63%/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 3.78% return, which is significantly higher than TMC's -28.04% return.
DJIA
- 1D
- -0.05%
- 1M
- 1.23%
- YTD
- 3.78%
- 6M
- 3.22%
- 1Y
- 13.15%
- 3Y*
- 10.47%
- 5Y*
- —
- 10Y*
- —
TMC
- 1D
- -2.63%
- 1M
- -21.14%
- YTD
- -28.04%
- 6M
- -41.73%
- 1Y
- -40.72%
- 3Y*
- 47.63%
- 5Y*
- —
- 10Y*
- —
DJIA vs. TMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 3.78% | 9.11% | 14.52% | 9.15% | -1.07% |
TMC TMC the metals company Inc. | -28.04% | 450.89% | 1.82% | 42.86% | -51.88% |
Correlation
The correlation between DJIA and TMC is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DJIA | TMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.22 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.99 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | -0.66 | +2.46 |
| Martin ratioReturn relative to average drawdown | 6.70 | -1.04 | +7.74 |
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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 | -0.33% | -64.34% | +64.01% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -79.31% | +75.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 39.11% | -37.14% |
Volatility
DJIA vs. TMC - Volatility Comparison
The current volatility for Global X Dow 30 Covered Call ETF (DJIA) is 1.35%, while TMC the metals company Inc. (TMC) has a volatility of 23.08%. 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 | 1.35% | 23.08% | -21.73% |
Volatility (6M)Calculated over the trailing 6-month period | 6.32% | 65.77% | -59.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.35% | 97.06% | -89.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.16% | 112.90% | -101.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.16% | 112.90% | -101.74% |
Dividends
DJIA vs. TMC - Dividend Comparison
DJIA's dividend yield for the trailing twelve months is around 10.77%, while TMC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 10.77% | 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 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMC has higher volatility (23.08%) compared to DJIA (1.35%). In terms of maximum drawdown, DJIA dropped -16.91% vs TMC's -95.58%.
DJIA currently has the higher Sharpe Ratio (1.80 vs -0.42), 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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