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DJIAGlobal X Dow 30 Covered Call ETF

Get income4y track recordRanked #767 of 1,622 in this goal

Seeks to provide investment results that correspond to the price and yield performance of the DJIA Cboe BuyWrite v2 Index.

By Global X Funds · Launched 2022

Annual Cost

0.60%

#3,108 of 5,562 · average

Fund Size

$175M

#2,407 of 5,562 · mid-size

Dividend YieldGoal

8.50%

Track Record

4 years

#2,627 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,415+14.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

Index tracked

DJIA Cboe BuyWrite v2 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 57.3% of fundmoderately concentrated

THE GOLDMAN SACHS GROUP, INC.
10.6%
CATERPILLAR INC.
7.7%
MICROSOFT CORPORATION
7.0%
THE HOME DEPOT, INC.
5.1%
AMERICAN EXPRESS COMPANY
4.8%
THE SHERWIN-WILLIAMS COMPANY
4.6%
UNITEDHEALTH GROUP INCORPORATED
4.6%
VISA INC.
4.6%
JPMORGAN CHASE & CO.
4.2%
INTERNATIONAL BUSINESS MACHINES CORPORATION
4.1%

Asset allocation

Stocks
99.9%
Cash
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.4%Low

Year-on-year price swings

Max drawdown
-16.9%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.65Decent risk-adjusted returns
Sortino (3Y)
0.94Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide investment results that correspond to the price and yield performance of the DJIA Cboe BuyWrite v2 Index.
Strategy
Invests primarily in securities of the DJIA Cboe BuyWrite v2 Index. The strategy involves writing call options on the underlying stocks to generate income while holding the stocks.
Inception date
February 23, 2022
Fund family
Global X Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20