DJIA vs. MPAY ETF Comparison
Comparison of Global X Dow 30 Covered Call ETF (DJIA) to Akros Monthly Payout ETF (MPAY)
DJIA
Global X Dow 30 Covered Call ETF
DJIA Description
Global X Dow 30 Covered Call ETF is an exchange traded fund launched and managed by Global X Management Company LLC. It invests in public equity markets of the United States. It invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. The fund invests in growth and value stocks of large-cap companies. The fund seeks to track the performance of the DJIA Cboe BuyWrite v2 Index, by using full replication technique. Global X Dow 30 Covered Call ETF is domiciled in the United States.
Grade (RS Rating)
Last Trade
$23.52
Average Daily Volume
29,148
30
MPAY
Akros Monthly Payout ETF
MPAY Description
MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.Grade (RS Rating)
Last Trade
$25.89
Average Daily Volume
811
51
Performance
| Period | DJIA | MPAY |
|---|---|---|
| 30 Days | 3.73% | 1.35% |
| 60 Days | 4.05% | 0.61% |
| 90 Days | 5.54% | 2.24% |
| 12 Months | 15.61% | 24.38% |
16 Overlapping Holdings
| Symbol | Grade | Weight in DJIA | Weight in MPAY | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 3.25% | 5.94% | 3.25% | |
| AMZN | C | 2.88% | 4.97% | 2.88% | |
| CAT | B | 5.49% | 1.28% | 1.28% | |
| CRM | B | 4.6% | 1.43% | 1.43% | |
| CSCO | B | 0.82% | 1.28% | 0.82% | |
| CVX | A | 2.29% | 1.32% | 1.32% | |
| HD | A | 5.86% | 1.74% | 1.74% | |
| JNJ | D | 2.21% | 1.46% | 1.46% | |
| MCD | D | 4.15% | 1.31% | 1.31% | |
| MRK | F | 1.38% | 1.53% | 1.38% | |
| MSFT | F | 5.93% | 5.7% | 5.7% | |
| NKE | D | 1.07% | 1.25% | 1.07% | |
| NVDA | C | 2.0% | 6.38% | 2.0% | |
| UNH | C | 8.41% | 1.74% | 1.74% | |
| V | A | 4.45% | 1.77% | 1.77% | |
| WMT | A | 1.2% | 2.21% | 1.2% |
DJIA Underweight 35 Positions Relative to MPAY
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOGL | C | -4.73% | |
| GLDM | C | -3.6% | |
| IAUM | C | -3.36% | |
| LLY | F | -3.04% | |
| TSLA | B | -1.83% | |
| ORCL | B | -1.78% | |
| COST | B | -1.77% | |
| MA | C | -1.76% | |
| ADBE | C | -1.57% | |
| XOM | B | -1.55% | |
| NOW | A | -1.46% | |
| AMAT | F | -1.45% | |
| ABBV | D | -1.45% | |
| NFLX | A | -1.44% | |
| LOW | D | -1.37% | |
| QCOM | F | -1.36% | |
| ACN | C | -1.34% | |
| KLAC | D | -1.32% | |
| INTU | C | -1.3% | |
| HCA | F | -1.28% | |
| FTNT | C | -1.28% | |
| TJX | A | -1.28% | |
| PM | B | -1.27% | |
| LIN | D | -1.27% | |
| BKNG | A | -1.26% | |
| PEP | F | -1.25% | |
| ADP | B | -1.24% | |
| AZO | C | -1.24% | |
| ABNB | C | -1.23% | |
| TXN | C | -1.23% | |
| ABT | B | -1.23% | |
| LMT | D | -1.23% | |
| UPS | C | -1.22% | |
| RTX | C | -1.19% | |
| DELL | C | -1.02% |
DJIA: Top Represented Industries & Keywords
MPAY: Top Represented Industries & Keywords
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