DJIA vs. XYLD
Compare and contrast key facts about Global X Dow 30 Covered Call ETF (DJIA) and Global X S&P 500 Covered Call ETF (XYLD).
DJIA and XYLD 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. XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013. Both DJIA and XYLD 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: DJIA or XYLD.
Key characteristics
| DJIA | XYLD | |
|---|---|---|
| YTD Return | 13.58% | 15.95% |
| 1Y Return | 16.58% | 19.15% |
| Sharpe Ratio | 2.17 | 2.78 |
| Sortino Ratio | 3.15 | 3.78 |
| Omega Ratio | 1.45 | 1.74 |
| Calmar Ratio | 3.80 | 3.01 |
| Martin Ratio | 14.54 | 24.27 |
| Ulcer Index | 1.18% | 0.79% |
| Daily Std Dev | 7.92% | 6.87% |
| Max Drawdown | -16.91% | -33.46% |
| Current Drawdown | 0.00% | -0.02% |
Correlation
The correlation between DJIA and XYLD is 0.70, 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
DJIA vs. XYLD - Performance Comparison
In the year-to-date period, DJIA achieves a 13.58% return, which is significantly lower than XYLD's 15.95% 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. XYLD - Expense Ratio Comparison
Both DJIA and XYLD have an expense ratio of 0.60%.
Risk-Adjusted Performance
DJIA vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) and Global X S&P 500 Covered Call ETF (XYLD). 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. XYLD - Dividend Comparison
DJIA's dividend yield for the trailing twelve months is around 6.44%, less than XYLD's 9.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 6.44% | 7.16% | 9.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 9.09% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.24% | 4.65% | 4.15% | 2.49% |
Drawdowns
DJIA vs. XYLD - Drawdown Comparison
The maximum DJIA drawdown since its inception was -16.91%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for DJIA and XYLD. For additional features, visit the drawdowns tool.
Volatility
DJIA vs. XYLD - Volatility Comparison
Global X Dow 30 Covered Call ETF (DJIA) has a higher volatility of 3.15% compared to Global X S&P 500 Covered Call ETF (XYLD) at 2.34%. This indicates that DJIA's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.