Global X Dow Etf Profile
| DJIA Etf | USD 23.60 0.03 0.13% |
Performance14 of 100
| Odds Of DistressLess than 9
|
Global X is trading at 23.60 as of the 30th of November 2024, a 0.13 percent increase since the beginning of the trading day. The etf's open price was 23.57. Global X has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Global X Dow are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
The index measures the performance of a covered call strategy that holds a theoretical portfolio of the underlying stocks of the Dow Jones Industrial Average and writes a succession of one-month at-the-money covered call options on the Reference Index. More on Global X Dow
Moving together with Global Etf
Global Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Buywrite ETFs, Strategy ETFs, Derivative Income, Global X (View all Sectors) |
| Issuer | Global X |
| Inception Date | 2022-02-23 |
| Benchmark | DJIA Cboe BuyWrite v2 Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 99.51 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Buywrite |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Global X Management Company LLC |
| Advisor | Global X Management Company LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | John Belanger, Nam To, Wayne Xie, Kimberly Chan, Vanessa Yang |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 33.0 |
| Market Maker | Jane Street |
| Total Expense | 0.6 |
| Management Fee | 0.6 |
| Country Name | USA |
| Returns Y T D | 14.95 |
| Name | Global X Dow 30 Covered Call ETF |
| Currency Code | USD |
| Open Figi | BBG015GTQ3H3 |
| 1y Volatility | 6.2 |
| 200 Day M A | 22.5488 |
| 50 Day M A | 23.1199 |
| Code | DJIA |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Global X Dow [DJIA] is traded in USA and was established 2022-02-23. The fund is listed under Derivative Income category and is part of Global X family. The entity is thematically classified as Buywrite ETFs. Global X Dow currently have 39.09 M in assets under management (AUM). , while the total return for the last year was 17.0%.
Check Global X Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Global Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Global Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Global X Dow Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Global X Dow Etf Constituents
| AMGN | Amgen Inc | Stock | Health Care | |
| CAT | Caterpillar | Stock | Industrials | |
| GS | Goldman Sachs Group | Stock | Financials | |
| HD | Home Depot | Stock | Consumer Discretionary | |
| HON | Honeywell International | Stock | Industrials | |
| JNJ | Johnson Johnson | Stock | Health Care | |
| MCD | McDonalds | Stock | Consumer Discretionary | |
| MSFT | Microsoft | Stock | Information Technology |
Global X Dow Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Global X. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1355 | |||
| Jensen Alpha | 0.0134 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.14) |
Global X Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Global X Dow. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of Global X Dow is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global X's value that differs from its market value or its book value, called intrinsic value, which is Global X's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Global X's market value can be influenced by many factors that don't directly affect Global X's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Global X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global X's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.