NDJI vs. ^DJI
Compare and contrast key facts about Nationwide Dow Jones Risk-Managed Income ETF (NDJI) and Dow Jones Industrial Average (^DJI).
NDJI is an actively managed fund by Nationwide. It was launched on Dec 16, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDJI or ^DJI.
Key characteristics
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Correlation
The correlation between NDJI and ^DJI is 0.71, 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
NDJI vs. ^DJI - Performance Comparison
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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Risk-Adjusted Performance
NDJI vs. ^DJI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Dow Jones Risk-Managed Income ETF (NDJI) and Dow Jones Industrial Average (^DJI). 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.
Drawdowns
NDJI vs. ^DJI - Drawdown Comparison
Volatility
NDJI vs. ^DJI - Volatility Comparison
The current volatility for Nationwide Dow Jones Risk-Managed Income ETF (NDJI) is 0.00%, while Dow Jones Industrial Average (^DJI) has a volatility of 2.81%. This indicates that NDJI experiences smaller price fluctuations and is considered to be less risky than ^DJI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.