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Upturn AI SWOT - About
Global X Dow 30 Covered Call ETF (DJIA)
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Upturn Advisory Summary
03/11/2025: DJIA (1-star) is a SELL. SELL since 4 days. Profits (2.32%). Updated daily EoD!
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit -5.29% | Avg. Invested days 46 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/11/2025 |
Key Highlights
Volume (30-day avg) 51503 | Beta 0.54 | 52 Weeks Range 19.34 - 22.92 | Updated Date 04/1/2025 |
52 Weeks Range 19.34 - 22.92 | Updated Date 04/1/2025 |
Upturn AI SWOT
Global X Dow 30 Covered Call ETF
ETF Overview
Overview
The Global X Dow 30 Covered Call ETF (DJIA) seeks to generate income by writing (selling) covered call options on the stocks in the Dow Jones Industrial Average (DJIA). It aims to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe DJIA BuyWrite v2 Index.
Reputation and Reliability
Global X ETFs is a well-established ETF provider known for its innovative and thematic investment strategies.
Management Expertise
Global X has a dedicated team of investment professionals with experience in options strategies and index tracking.
Investment Objective
Goal
To provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe DJIA BuyWrite v2 Index.
Investment Approach and Strategy
Strategy: The ETF employs a covered call strategy, writing call options on the DJIA index. This generates income from the option premiums but limits potential upside.
Composition The ETF primarily holds the stocks included in the Dow Jones Industrial Average (DJIA).
Market Position
Market Share: Insufficient Data.
Total Net Assets (AUM): 486200000
Competitors
Key Competitors
- ALPS | O'Shares U.S. Quality Dividend ETF (OUSA)
- Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX)
- Amplify CWP Enhanced Dividend Income ETF (DIVO)
Competitive Landscape
The covered call ETF space features various strategies. DJIA's focus on the Dow Jones provides concentrated exposure, offering potentially higher income than broader market alternatives but less diversification. Competitors may offer broader indices or different option strategies.
Financial Performance
Historical Performance: Historical performance data is readily available from financial websites and should be used to assess past performance.
Benchmark Comparison: The ETF's performance should be compared to the Cboe DJIA BuyWrite v2 Index to evaluate its tracking effectiveness.
Expense Ratio: 0.6
Liquidity
Average Trading Volume
DJIA exhibits average trading volumes that provide adequate liquidity for many investors.
Bid-Ask Spread
The bid-ask spread for DJIA can vary depending on market conditions but is generally competitive.
Market Dynamics
Market Environment Factors
Market volatility, interest rates, and the performance of the Dow Jones Industrial Average significantly impact the ETF's returns.
Growth Trajectory
The growth trajectory of DJIA depends on investor demand for income-generating strategies and the underlying performance of the DJIA.
Moat and Competitive Advantages
Competitive Edge
DJIA's competitive edge lies in its straightforward covered call strategy on the Dow Jones Industrial Average. This focus provides targeted exposure and aims for consistent income. Its established track record and recognition of the Dow Jones Index also provide an advantage. The ETF's expense ratio, while not the lowest, is competitive within the covered call space.
Risk Analysis
Volatility
The ETF's volatility is influenced by the volatility of the underlying stocks in the DJIA and the covered call strategy's ability to mitigate downside risk.
Market Risk
Market risk includes the potential for the DJIA to decline, which would negatively impact the ETF's value, even with income from call options.
Investor Profile
Ideal Investor Profile
The ideal investor is one seeking current income, willing to forgo some potential capital appreciation in exchange for that income, and comfortable with the risks associated with covered call strategies.
Market Risk
This ETF is suitable for long-term investors seeking income but may not be ideal for active traders seeking rapid capital gains.
Summary
Global X Dow 30 Covered Call ETF (DJIA) is designed for income-seeking investors. It uses a covered call strategy on the Dow Jones Industrial Average. While the strategy generates income, it limits potential capital appreciation. Investors should consider their risk tolerance and income needs before investing. The ETF provides exposure to established companies while generating income.
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Sources and Disclaimers
Data Sources:
- Global X ETFs website
- Financial data providers (e.g., Bloomberg, Yahoo Finance)
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X Dow 30 Covered Call ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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® (the reference index) and writes (or sells) a succession of one-month at-the-money ("ATM") covered call options on the Reference Index. The fund invests in the securities reflected in the index, and cannot invest directly in the index itself. The fund is non-diversified.
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