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DJIA - ETF AI Analysis
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Global X Dow 30 Covered Call ETF (DJIA)
Rating:73Outperform
Price Target:―
Positive Factors
Strong Leading Holdings
Several of the largest positions, such as Goldman Sachs, Caterpillar, Home Depot, Sherwin-Williams, UnitedHealth, and Amgen, have shown strong or steady performance, helping support the ETF’s overall results.
Broad Sector Diversification
The fund spreads its investments across financials, technology, industrials, health care, consumer sectors, and more, which can help reduce the impact if one industry struggles.
Covered Call Income Strategy
As a covered call ETF, it is designed to generate additional income from option premiums, which can be attractive for investors seeking cash flow from their holdings.
Negative Factors
Mixed Recent Performance
The ETF’s returns have been only mildly positive year to date and weak over the past month, suggesting limited recent momentum.
Underperforming Large Positions
Some major holdings like Microsoft, American Express, Visa, and McDonald’s have shown weak performance, which can drag on the fund’s overall results.
High Fee for a Large-Cap ETF
The expense ratio is relatively high for an ETF focused on large, well-known U.S. companies, which means more of the fund’s returns go toward fees.
DJIA vs. SPDR S&P 500 ETF (SPY)
AUM171.02M
RegionNorth America
Expense Ratio0.60%
Beta0.52
IssuerGlobal X
Inception DateFeb 23, 2022
Dividend Yield10.56%
Asset ClassEquity
Index TrackedDJIA Cboe BuyWrite v2 Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume89,831
30 Day Avg. Volume79,885
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
25.41Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering30
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
DJIA Summary
The Global X Dow 30 Covered Call ETF (DJIA) follows the DJIA Cboe BuyWrite v2 Index, which is based on the 30 well-known companies in the Dow Jones Industrial Average. It holds large, established U.S. businesses such as Microsoft and McDonald’s, and uses an options strategy to try to generate extra income from these holdings. Someone might consider this ETF if they want regular income and broad exposure to blue-chip U.S. stocks in one fund. A key risk is that the ETF can still go up and down with the stock market, and the options strategy may limit gains in strong markets.
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
This covered-call Dow fund leans heavily on U.S. financials, with Goldman Sachs in the driver’s seat as a rising standout, helped by a solid run from Caterpillar on the industrial side. Paint maker Sherwin-Williams and health-care giant UnitedHealth are also pulling their weight, adding a steady touch from more defensive corners of the market. On the flip side, Microsoft and Visa have been losing steam lately, and American Express isn’t helping much either, showing that weakness in big tech and payments is quietly tugging on returns.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Goldman Sachs Group | 11.43% | $19.74M | $280.05B | 47.42% | 73 Outperform | |
| Caterpillar | 9.49% | $16.38M | $349.88B | 123.43% | 76 Outperform | |
| Microsoft | 4.97% | $8.58M | $2.97T | -2.69% | 79 Outperform | |
| Home Depot | 4.72% | $8.15M | $381.80B | -0.79% | 66 Neutral | |
| Amgen | 4.68% | $8.09M | $204.70B | 23.68% | 77 Outperform | |
| Sherwin-Williams Company | 4.46% | $7.70M | $90.67B | 4.66% | 66 Neutral | |
| American Express | 4.27% | $7.38M | $237.73B | 17.19% | 80 Outperform | |
| McDonald's | 4.08% | $7.05M | $233.51B | 8.01% | 65 Neutral | |
| Visa | 3.98% | $6.87M | $610.49B | -7.91% | 70 Outperform | |
| JPMorgan Chase | 3.84% | $6.63M | $832.79B | 17.62% | 72 Outperform |
DJIA Technical Analysis
Positive
―
Price Trends
22.14
Positive
21.63
Positive
20.87
Positive
Market Momentum
0.12
Negative
66.48
Neutral
81.13
Negative
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 22.35, equal to the 50-day MA of 22.14, and equal to the 200-day MA of 20.87, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 66.48 is Neutral, neither overbought nor oversold. The STOCH value of 81.13 is Negative, 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
22.61
2.04
9.92%
EFIV
SPDR S&P 500 ESG ETF
―
―
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VOTE
Engine No. 1 Transform 500 ETF
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QQQJ
Invesco NASDAQ Next Gen 100 ETF
―
―
―
NBCR
Neuberger Berman Core Equity ETF
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―
―
ONEY
SPDR Russell 1000 Yield Focus ETF
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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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