GFFFX vs. DJIA

Last updated Jun 3, 2026

GFFFX (American Funds The Growth Fund of America) and DJIA (Global X Dow 30 Covered Call ETF) are both funds - GFFFX is a Large Cap Growth Equities fund managed by American Funds, while DJIA is a Derivative Income fund tracking the DJIA Cboe BuyWrite v2 Index. Over the past 3 years, GFFFX returned 25.54%/yr vs 10.49%/yr for DJIA. A 0.60 correlation means they provide meaningful diversification when combined. GFFFX charges 0.40%/yr vs 0.60%/yr for DJIA.

Performance

GFFFX vs. DJIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds The Growth Fund of America (GFFFX) and Global X Dow 30 Covered Call ETF (DJIA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFFFX achieves a 10.54% return, which is significantly higher than DJIA's 3.43% return.

GFFFX

• 1D: 0.37%
• 1M: 7.37%
• YTD: 10.54%
• 6M: 10.81%
• 1Y: 27.37%
• 3Y*: 25.54%
• 5Y*: 12.58%
• 10Y*: 16.25%

DJIA

• 1D: 0.15%
• 1M: 2.39%
• YTD: 3.43%
• 6M: 4.15%
• 1Y: 14.51%
• 3Y*: 10.49%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GFFFX vs. DJIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GFFFX American Funds The Growth Fund of America	10.54%	19.96%	28.28%	37.51%	-18.14%
DJIA Global X Dow 30 Covered Call ETF	3.43%	9.11%	14.52%	9.15%	-2.80%

Correlation

The correlation between GFFFX and DJIA is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.60

The correlation between GFFFX and DJIA has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.

Return for Risk

GFFFX vs. DJIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GFFFX

GFFFX Risk / Return Rank: 36
GFFFX Sharpe Ratio Rank: 41
GFFFX Sortino Ratio Rank: 37
GFFFX Omega Ratio Rank: 40
GFFFX Calmar Ratio Rank: 29
GFFFX Martin Ratio Rank: 36

DJIA

DJIA Risk / Return Rank: 52
DJIA Sharpe Ratio Rank: 54
DJIA Sortino Ratio Rank: 55
DJIA Omega Ratio Rank: 64
DJIA Calmar Ratio Rank: 40
DJIA Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GFFFX vs. DJIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds The Growth Fund of America (GFFFX) 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.

	GFFFX	DJIA	Difference
Sharpe ratio Return per unit of total volatility	1.88	1.88	-0.01
Sortino ratio Return per unit of downside risk	2.55	2.66	-0.11
Omega ratio Gain probability vs. loss probability	1.34	1.39	-0.06
Calmar ratio Return relative to maximum drawdown	2.06	2.02	+0.04
Martin ratio Return relative to average drawdown	8.07	7.51	+0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GFFFX vs. DJIA - Sharpe Ratio Comparison

The current GFFFX Sharpe Ratio is 1.88, which is comparable to the DJIA Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of GFFFX and DJIA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GFFFX	DJIA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	1.88	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.69	+0.12

Drawdowns

GFFFX vs. DJIA - Drawdown Comparison

The maximum GFFFX drawdown since its inception was -36.26%, which is greater than DJIA's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for GFFFX and DJIA.

Drawdown Indicators

	GFFFX	DJIA	Difference
Max Drawdown Largest peak-to-trough decline	-36.26%	-16.91%	-19.35%
Max Drawdown (1Y) Largest decline over 1 year	-13.74%	-7.34%	-6.40%
Max Drawdown (3Y) Largest decline over 3 years	-21.55%	-12.09%	-9.46%
Max Drawdown (5Y) Largest decline over 5 years	-36.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.26%	—	—
Current Drawdown Current decline from peak	0.00%	-0.15%	+0.15%
Average Drawdown Average peak-to-trough decline	-5.57%	-3.59%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	1.97%	+1.54%

Volatility

GFFFX vs. DJIA - Volatility Comparison

American Funds The Growth Fund of America (GFFFX) has a higher volatility of 3.61% compared to Global X Dow 30 Covered Call ETF (DJIA) at 1.96%. This indicates that GFFFX'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.

Volatility by Period

	GFFFX	DJIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	1.96%	+1.65%
Volatility (6M) Calculated over the trailing 6-month period	11.66%	6.24%	+5.42%
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	7.74%	+7.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.25%	11.20%	+9.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.69%	11.20%	+8.49%

GFFFX vs. DJIA - Expense Ratio Comparison

GFFFX has a 0.40% expense ratio, which is lower than DJIA's 0.60% expense ratio.

Dividends

GFFFX vs. DJIA - Dividend Comparison

GFFFX's dividend yield for the trailing twelve months is around 9.90%, less than DJIA's 10.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DJIA Global X Dow 30 Covered Call ETF	10.82%	10.60%	11.44%	7.16%	9.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GFFFX American Funds The Growth Fund of America	9.90%	10.95%	9.23%	7.64%	4.32%	8.42%	4.51%	7.38%	12.29%	7.27%	6.87%	9.13%

Frequently Asked Questions

Can I hold both GFFFX and DJIA in my portfolio?

GFFFX and DJIA have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GFFFX or DJIA?

GFFFX has higher volatility (3.61%) compared to DJIA (1.96%). In terms of maximum drawdown, GFFFX dropped -36.26% vs DJIA's -16.91%.

Which has better risk-adjusted returns?

DJIA currently has the higher Sharpe Ratio (1.88 vs 1.88), 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.