DYLG vs. DIA
Compare and contrast key facts about Global X Dow 30 Covered Call & Growth ETF (DYLG) and SPDR Dow Jones Industrial Average ETF (DIA).
DYLG and DIA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DYLG is a passively managed fund by Global X that tracks the performance of the Cboe DJIA Half BuyWrite Index - Benchmark TR Gross. It was launched on Jul 25, 2023. DIA is a passively managed fund by State Street that tracks the performance of the Dow Jones Industrial Average. It was launched on Jan 14, 1998. Both DYLG and DIA 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: DYLG or DIA.
Key characteristics
| DYLG | DIA | |
|---|---|---|
| YTD Return | 10.55% | 11.84% |
| 1Y Return | 16.67% | 22.35% |
| Sharpe Ratio | 1.94 | 2.08 |
| Daily Std Dev | 8.64% | 10.75% |
| Max Drawdown | -7.19% | -51.87% |
| Current Drawdown | -0.05% | -0.03% |
Correlation
The correlation between DYLG and DIA is 0.97, 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
DYLG vs. DIA - Performance Comparison
In the year-to-date period, DYLG achieves a 10.55% return, which is significantly lower than DIA's 11.84% 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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DYLG vs. DIA - Expense Ratio Comparison
DYLG has a 0.35% expense ratio, which is higher than DIA's 0.16% expense ratio.
Risk-Adjusted Performance
DYLG vs. DIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call & Growth ETF (DYLG) and SPDR Dow Jones Industrial Average ETF (DIA). 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
DYLG vs. DIA - Dividend Comparison
DYLG's dividend yield for the trailing twelve months is around 2.76%, more than DIA's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DYLG Global X Dow 30 Covered Call & Growth ETF | 2.76% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIA SPDR Dow Jones Industrial Average ETF | 1.36% | 1.81% | 1.91% | 1.58% | 1.87% | 2.09% | 2.24% | 1.97% | 2.26% | 2.33% | 2.02% | 2.08% |
Drawdowns
DYLG vs. DIA - Drawdown Comparison
The maximum DYLG drawdown since its inception was -7.19%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for DYLG and DIA. For additional features, visit the drawdowns tool.
Volatility
DYLG vs. DIA - Volatility Comparison
The current volatility for Global X Dow 30 Covered Call & Growth ETF (DYLG) is 2.41%, while SPDR Dow Jones Industrial Average ETF (DIA) has a volatility of 2.92%. This indicates that DYLG experiences smaller price fluctuations and is considered to be less risky than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.