NDJI vs. DIA
Compare and contrast key facts about Nationwide Dow Jones Risk-Managed Income ETF (NDJI) and SPDR Dow Jones Industrial Average ETF (DIA).
NDJI and DIA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NDJI is an actively managed fund by Nationwide. It was launched on Dec 16, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDJI or DIA.
Key characteristics
| NDJI | DIA |
|---|
Correlation
The correlation between NDJI and DIA is 0.72, 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. DIA - 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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NDJI vs. DIA - Expense Ratio Comparison
NDJI has a 0.68% expense ratio, which is higher than DIA's 0.16% expense ratio.
Risk-Adjusted Performance
NDJI vs. DIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Dow Jones Risk-Managed Income ETF (NDJI) 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
NDJI vs. DIA - Dividend Comparison
NDJI has not paid dividends to shareholders, while DIA's dividend yield for the trailing twelve months is around 1.63%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDJI Nationwide Dow Jones Risk-Managed Income ETF | 2.78% | 6.74% | 7.69% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIA SPDR Dow Jones Industrial Average ETF | 1.63% | 1.81% | 1.91% | 1.58% | 1.87% | 2.09% | 2.24% | 1.97% | 2.26% | 2.33% | 2.02% | 2.08% |
Drawdowns
NDJI vs. DIA - Drawdown Comparison
Volatility
NDJI vs. DIA - Volatility Comparison
The current volatility for Nationwide Dow Jones Risk-Managed Income ETF (NDJI) is 0.00%, while SPDR Dow Jones Industrial Average ETF (DIA) has a volatility of 3.48%. This indicates that NDJI 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.