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ETFs

Global X Dow 30 Covered Call ETF

DJIA
$--
Today’s Change
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Snapshot
*

Inception Date
Feb 23 2022
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$445,798
AUM
$80,441,427
Associated Index
DJIA Cboe BuyWrite v2 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

UNH
Unitedhealth Group Inc
9.84%
GS
Goldman Sachs Group, Inc.
6.38%
MSFT
Microsoft Corporation
6.16%
HD
Home Depot, Inc.
5.94%
CAT
Caterpillar Inc.
5.31%
MCD
McDonald`s Corp
5.29%
AMGN
AMGEN Inc.
5.20%
V
Visa Inc - Ordinary Shares - Class A
4.57%
CRM
Salesforce Inc
4.01%
BA
Boeing Co.
3.84%
Invest with DJIA

What is DJIA?

The Global X Dow 30 Covered Call ETF (DJIA) follows a "covered call" or "buy-write" strategy in which the Fund buys the stocks in the Dow Jones Industrial Average (also known as the Dow 30 Index) and "writes" or "sells" corresponding call options on the same index.

ETFs related toDJIA

ETFs correlated to DJIA include XYLD, JEPI, RYLD

DJIA
Global X Funds - Global X Dow 30 Covered Call ETF
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF
JEPI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Equity Premium Income ETF
RYLD
Global X Funds - Global X Russell 2000 Covered Call ETF
UDOW
ProShares Trust - ProShares UltraPro Dow30 3x Shares
DIA
SSgA Active Trust - SPDR Dow Jones Industrial Average ETF
DDM
ProShares Trust - ProShares Ultra Dow30 2x Shares
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF
EDOW
First Trust Exchange-Traded Fund III - First Trust Dow 30 Equal Weight ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
PWV
Invesco Capital Management LLC - Invesco Large Cap Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDJIA

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with DJIA using Composer

FAQ

DJIA is a US Equities ETF. The Global X Dow 30 Covered Call ETF (DJIA) follows a "covered call" or "buy-write" strategy in which the Fund buys the stocks in the Dow Jones Industrial Average (also known as the Dow 30 Index) and "writes" or "sells" corresponding call options on the same index.

DJIA tracks the DJIA Cboe BuyWrite v2 Index.

No, DJIA is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DJIA is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DJIA is -0.004%. This is the percent change in the value of DJIA over the most recent 1-month period. The 3-month return on DJIA is 0.0074%. This is the percent change in the value of DJIA over the most recent 3-month period.

The standard deviation of DJIA for the past year is 0.1107%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DJIA include PKW, VIXY, and DIVO.

ETFs correlated to DJIA include XYLD, JEPI, and RYLD.

ETFs that are inversely correlated to DJIA include SDOW, DOG, and DXD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.