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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)
$106,753
AUM
$25,929,670
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

UNH
Unitedhealth Group Inc
9.38%
GS
Goldman Sachs Group, Inc.
6.53%
MSFT
Microsoft Corporation
6.29%
HD
Home Depot, Inc.
5.87%
MCD
McDonald`s Corp
5.48%
CAT
Caterpillar Inc.
4.58%
V
Visa Inc - Ordinary Shares - Class A
4.38%
AMGN
AMGEN Inc.
4.30%
BA
Boeing Co.
4.12%
CRM
Salesforce Inc
4.00%
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 MDLV, GAPR, XYLD

NDJI
ETF Series Solutions Trust - Nationwide Dow Jones Risk-Managed Income ETF
MDLV
EA Series Trust - Morgan Dempsey Large Cap Value ETF
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF
MAYW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 May ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
DECW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Dec ETF
RYLD
Global X Funds - Global X Russell 2000 Covered Call ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
RWL
Invesco Exchange-Traded Fund Trust II - Invesco S&P 500 Revenue ETF
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx 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-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 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 0.0119%. This is the percent change in the value of NDJI over the most recent 1-month period. The 3-month return on NDJI is 0.0339%. 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 0.1232%. 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 MOAT.

ETFs correlated to NDJI include MDLV, GAPR, and XYLD.

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

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.