NDJI vs. SPYD
Compare and contrast key facts about Nationwide Dow Jones Risk-Managed Income ETF (NDJI) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
NDJI and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDJI or SPYD.
Correlation
The correlation between NDJI and SPYD is 0.56, 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.
Performance
NDJI vs. SPYD - Performance Comparison
Key characteristics
Returns By Period
NDJI
N/A
N/A
N/A
N/A
N/A
N/A
SPYD
-0.53%
-3.51%
4.10%
15.20%
6.47%
N/A
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NDJI vs. SPYD - Expense Ratio Comparison
NDJI has a 0.68% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Risk-Adjusted Performance
NDJI vs. SPYD — Risk-Adjusted Performance Rank
NDJI
SPYD
NDJI vs. SPYD - 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 Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
NDJI has not paid dividends to shareholders, while SPYD's dividend yield for the trailing twelve months is around 4.33%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NDJI Nationwide Dow Jones Risk-Managed Income ETF | 0.58% | 0.58% | 6.74% | 7.69% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.33% | 4.31% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% |
Drawdowns
NDJI vs. SPYD - Drawdown Comparison
Volatility
NDJI vs. SPYD - Volatility Comparison
The current volatility for Nationwide Dow Jones Risk-Managed Income ETF (NDJI) is 0.00%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 4.65%. This indicates that NDJI experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.