Skip to Content

Global X Dow 30 Covered Call ETF

DJIA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 23 2022
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$715,808
AUM
$75,262,139
Associated Index
DJIA Cboe BuyWrite v2 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

UNH
Unitedhealth Group Inc
9.45%
GS
Goldman Sachs Group, Inc.
6.58%
MSFT
Microsoft Corporation
6.34%
HD
Home Depot, Inc.
5.91%
MCD
McDonald`s Corp
5.52%
CAT
Caterpillar Inc.
4.62%
V
Visa Inc - Ordinary Shares - Class A
4.42%
AMGN
AMGEN Inc.
4.34%
BA
Boeing Co.
4.15%
CRM
Salesforce Inc
4.03%
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, RYLD, MDLV

DJIA
Global X Funds - Global X Dow 30 Covered Call ETF
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF
RYLD
Global X Funds - Global X Russell 2000 Covered Call ETF
MDLV
EA Series Trust - Morgan Dempsey Large Cap Value ETF
JEPI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Equity Premium Income 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
NULV
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Value ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
RWL
Invesco Exchange-Traded Fund Trust II - Invesco S&P 500 Revenue 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-8

Opus-8

Category

Opus

Risk Rating

Conservative

#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 0.013%. This is the percent change in the value of DJIA over the most recent 1-month period. The 3-month return on DJIA is 0.0359%. 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 0.1265%. 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 MOAT.

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

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.