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ETFs

Nationwide Dow Jones Risk Managed Income ETF

NDJI
$--
Today’s Change
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Snapshot
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Inception Date
Dec 16 2021
Expense Ratio
0.68%
Type
US Equities
Fund Owner
Nationwide
Volume (1m avg. daily)
$91,047
AUM
$24,915,625
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

UNH
Unitedhealth Group Inc
9.79%
GS
Goldman Sachs Group, Inc.
6.34%
MSFT
Microsoft Corporation
6.13%
HD
Home Depot, Inc.
5.91%
CAT
Caterpillar Inc.
5.28%
MCD
McDonald`s Corp
5.27%
AMGN
AMGEN Inc.
5.18%
V
Visa Inc - Ordinary Shares - Class A
4.55%
CRM
Salesforce Inc
3.99%
BA
Boeing Co.
3.82%
Invest with NDJI

What is NDJI?

An income solution that targets high current income and seeks to provide investors with a measure of downside protection in falling markets and potential for upside participation in rising markets.

ETFs related toNDJI

ETFs correlated to NDJI include CVRD, GAUG, XAUG

NDJI
ETF Series Solutions Trust - Nationwide Dow Jones Risk-Managed Income ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
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
VTV
Vanguard Group, Inc. - Vanguard 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 toNDJI

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with NDJI using Composer

FAQ

NDJI is a US Equities ETF. An income solution that targets high current income and seeks to provide investors with a measure of downside protection in falling markets and potential for upside participation in rising markets.

Yes, NDJI is actively 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.

No, NDJI is not passively managed. It is actively 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 NDJI is -0.0014%. This is the percent change in the value of NDJI over the most recent 1-month period. The 3-month return on NDJI is 0.0162%. This is the percent change in the value of NDJI over the most recent 3-month period.

The standard deviation of NDJI for the past year is 0.1089%. 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 NDJI include PKW, VIXY, and XYLD.

ETFs correlated to NDJI include CVRD, GAUG, and XAUG.

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

Disclaimers

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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.