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DJIA - ETF AI Analysis
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Global X Dow 30 Covered Call ETF (DJIA)
Rating:74Outperform
Price Target:
$24.50
Positive Factors
Strong Top Holdings
Several key positions, such as Goldman Sachs and Caterpillar, have delivered strong year-to-date performance, supporting the fund’s returns.
Sector Diversification
The ETF spreads investments across multiple sectors, including financials, technology, and healthcare, reducing reliance on any single industry.
Steady Three-Month Performance
The fund has shown positive momentum over the last three months, indicating recent stability in its portfolio.
Negative Factors
High Geographic Concentration
The ETF is heavily focused on U.S. companies, offering little exposure to international markets and limiting diversification.
Underperforming Holdings
Some top holdings, such as UnitedHealth and Sherwin-Williams, have lagged in year-to-date performance, dragging down overall returns.
Moderately High Expense Ratio
The ETF’s expense ratio is higher than many passive funds, which could eat into long-term investor returns.
DJIA vs. SPDR S&P 500 ETF (SPY)
AUM134.46M
RegionNorth America
Expense Ratio0.60%
Beta0.53
IssuerGlobal X
Inception DateFeb 23, 2022
Dividend Yield12.65%
Asset ClassEquity
Index TrackedDJIA Cboe BuyWrite v2 Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume38,306
30 Day Avg. Volume41,048
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
24.84Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering32
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
DJIA Summary
The Global X Dow 30 Covered Call ETF (Ticker: DJIA) is an investment fund that focuses on the 30 large, well-established companies in the Dow Jones Industrial Average. It includes household names like Microsoft and Goldman Sachs, offering exposure to sectors such as technology, finance, and healthcare. This ETF uses a covered call strategy to generate extra income, making it appealing to investors who want steady income alongside exposure to blue-chip stocks. However, new investors should know that the ETF’s performance can be affected by market fluctuations and the success of its options strategy.
How much will it cost me?The Global X Dow 30 Covered Call ETF (Ticker: DJIA) has an expense ratio of 0.6%, meaning you’ll pay $6 per year for every $1,000 invested. This is higher than average because the fund uses an actively managed covered call strategy to generate income, which requires more management compared to passively managed ETFs.
What would affect this ETF?The Global X Dow 30 Covered Call ETF could benefit from stable growth in large-cap U.S. companies, particularly in sectors like technology and financials, which are key drivers of innovation and economic activity. However, rising interest rates or economic slowdowns could negatively impact consumer spending and corporate earnings, especially in cyclical sectors like consumer discretionary and industrials. Additionally, regulatory changes affecting top holdings like Goldman Sachs or Microsoft could pose risks to the ETF's performance.
DJIA Top 10 Holdings
The Global X Dow 30 Covered Call ETF leans heavily on U.S. blue-chip stocks, with a notable concentration in financials and technology. Goldman Sachs and Caterpillar are rising stars, driving performance with strong financial results and operational efficiency, while Microsoft’s steady growth in cloud and AI services adds stability. On the flip side, Home Depot and Sherwin-Williams are lagging, weighed down by bearish momentum and supply chain challenges. This fund’s sector diversity offers balance, but its reliance on a few key names means performance can swing with their fortunes.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Goldman Sachs Group | 10.61% | $14.15M | $235.85B | 33.44% | 71 Outperform | |
| Caterpillar | 7.67% | $10.23M | $263.52B | 43.96% | 76 Outperform | |
| Microsoft | 6.70% | $8.93M | $3.69T | 18.85% | 82 Outperform | |
| Home Depot | 4.97% | $6.63M | $369.40B | -9.27% | 75 Outperform | |
| American Express | 4.93% | $6.57M | $253.87B | 25.79% | 81 Outperform | |
| Visa | 4.54% | $6.05M | $647.37B | 8.07% | 75 Outperform | |
| Sherwin-Williams Company | 4.49% | $5.99M | $84.32B | -12.61% | 72 Outperform | |
| UnitedHealth | 4.33% | $5.78M | $293.68B | -47.35% | 76 Outperform | |
| Amgen | 4.25% | $5.67M | $172.42B | -0.50% | 77 Outperform | |
| JPMorgan Chase | 4.22% | $5.63M | $855.36B | 32.43% | 72 Outperform |
DJIA Technical Analysis
Positive
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Price Trends
21.73
Positive
21.41
Positive
21.11
Positive
Market Momentum
0.12
Positive
65.04
Neutral
66.71
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For DJIA, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 21.97, equal to the 50-day MA of 21.73, and equal to the 200-day MA of 21.11, indicating a bullish trend. The MACD of 0.12 indicates Positive momentum. The RSI at 65.04 is Neutral, neither overbought nor oversold. The STOCH value of 66.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DJIA.
DJIA Peer Comparison
Comparison Results
Performance Comparison
DJIA
Global X Dow 30 Covered Call ETF
22.10
1.37
6.61%
SEIM
SEI Enhanced U.S. Large Cap Momentum Factor ETF
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VOTE
Engine No. 1 Transform 500 ETF
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ONEY
SPDR Russell 1000 Yield Focus ETF
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AVLC
Avantis U.S. Large Cap Equity ETF
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DSPY
Tema S&P 500 Historical Weight ETF Strategy
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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