Correlation
The correlation between DYLG and DJIA is 0.59, 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.
DYLG vs. DJIA
Compare and contrast key facts about Global X Dow 30 Covered Call & Growth ETF (DYLG) and Global X Dow 30 Covered Call ETF (DJIA).
DYLG and DJIA 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. 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. Both DYLG and DJIA 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 DJIA.
Performance
DYLG vs. DJIA - Performance Comparison
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Key characteristics
DYLG:
0.80
DJIA:
0.85
DYLG:
1.06
DJIA:
1.07
DYLG:
1.16
DJIA:
1.17
DYLG:
0.73
DJIA:
0.79
DYLG:
2.80
DJIA:
3.10
DYLG:
3.66%
DJIA:
3.07%
DYLG:
15.36%
DJIA:
14.03%
DYLG:
-13.98%
DJIA:
-16.91%
DYLG:
-5.05%
DJIA:
-5.46%
Returns By Period
In the year-to-date period, DYLG achieves a -0.62% return, which is significantly higher than DJIA's -1.68% return.
DYLG
-0.62%
2.63%
-3.59%
12.17%
N/A
N/A
N/A
DJIA
-1.68%
1.08%
-2.05%
11.80%
6.17%
N/A
N/A
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DYLG vs. DJIA - Expense Ratio Comparison
DYLG has a 0.35% expense ratio, which is lower than DJIA's 0.60% expense ratio.
Risk-Adjusted Performance
DYLG vs. DJIA — Risk-Adjusted Performance Rank
DYLG
DJIA
DYLG vs. DJIA - 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 Global X Dow 30 Covered Call ETF (DJIA). 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.
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Dividends
DYLG vs. DJIA - Dividend Comparison
DYLG's dividend yield for the trailing twelve months is around 17.19%, more than DJIA's 12.59% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
DYLG Global X Dow 30 Covered Call & Growth ETF | 17.19% | 16.55% | 1.38% | 0.00% |
DJIA Global X Dow 30 Covered Call ETF | 12.59% | 11.44% | 7.16% | 9.18% |
Drawdowns
DYLG vs. DJIA - Drawdown Comparison
The maximum DYLG drawdown since its inception was -13.98%, smaller than the maximum DJIA drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for DYLG and DJIA.
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Volatility
DYLG vs. DJIA - Volatility Comparison
Global X Dow 30 Covered Call & Growth ETF (DYLG) has a higher volatility of 3.15% compared to Global X Dow 30 Covered Call ETF (DJIA) at 1.86%. This indicates that DYLG's price experiences larger fluctuations and is considered to be riskier than DJIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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