At a glance
DJIA charges 0.6% a year. It has $184.1M in assets; it paid 9.92% of its price in distributions over the past 12 months, monthly. Over the past year it returned +13.1% with distributions reinvested (S&P 500: +11.5%); over three years it returned +13.3% a year. Its ten largest positions make up 56.0% of the fund, out of 30 in all.
The short version
Global X Dow 30 Covered Call ETF (DJIA) holds the 30 stocks of the Dow Jones Industrial Average. Each month it also sells a one-month call option on that index, following the DJIA Cboe BuyWrite v2 Index. The option sales helped produce a trailing 12-month yield of 9.92%, paid monthly, as of October 27, 2026. In return, the fund gives up most of the gains when the Dow rises. It charges 0.60% a year.
Price history
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DJIA +13.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| DJIA official prospectus, to Dec 31, 2025 | — | +9.57% | — | — | — | +7.74% |
| DJIA price data to Oct 27, 2026 | +9.5% | +13.1% | +13.3% | — | — | +8.0% |
- Over the year to Oct 27, 2026, DJIA returned +13.1%.
- Its worst full calendar year was 2025 (+9.1%); its best was 2024 (+14.5%).
- The deepest fall in its price history was 17% (Apr 20, 2022 to Sep 30, 2022), recovered by Jan 22, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +9.5% | — |
| 2025 | +9.1% | +9.57% |
| 2024 | +14.5% | +14.45% |
| 2023 | +9.2% | +8.82% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.4300 | |
| 2025 | $2.3300 | -9.0% |
| 2024 | $2.5600 | +62.0% |
| 2023 | $1.5800 |
What's inside
As of Jul 31, 2026, the fund held 30 securities; the ten largest made up 56.01% of assets.
| Holding | Weight | |
|---|---|---|
| THE GOLDMAN SACHS GROUP, INC. | 11.67% | |
| CATERPILLAR INC. | 9.34% | |
| MICROSOFT CORPORATION | 5.33% | |
| UNITEDHEALTH GROUP INCORPORATED | 4.75% | |
| AMGEN INC. | 4.41% | |
| The Travelers Companies, Inc. | 4.29% | |
| VISA INC. | 4.20% | |
| ALPHABET INC. | 4.08% | |
| JPMORGAN CHASE & CO. | 4.03% | |
| THE SHERWIN-WILLIAMS COMPANY | 3.91% | |
| AMERICAN EXPRESS COMPANY | 3.85% | |
| THE HOME DEPOT, INC. | 3.80% | |
| APPLE INC. | 3.54% | |
| AMAZON.COM, INC. | 3.11% | |
| MCDONALD'S CORPORATION | 3.10% |
By country
United States 101.22%By asset type
Stocks 101.22%By sector
Sectors of the companies held, for the 101.2% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $9.0M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +1.29%, +1.68%, +2.51%.
How it works
The fund tracks the DJIA Cboe BuyWrite v2 Index. S&P Dow Jones Indices runs the index and is independent of the fund's adviser, Global X Management Company LLC. The index holds the 30 Dow stocks, weighted by share price rather than company size, so a stock with a higher share price gets a bigger weight. As of July 31, 2026, that made Goldman Sachs (11.7%) and Caterpillar (9.3%) the largest holdings, well ahead of Microsoft (5.3%). The fund usually buys every stock in about the same proportions as the index. It does not try to beat the index or move to cash when markets fall.
Each month the fund sells, or "writes," a one-month call option on the Dow covering the whole portfolio. A call option gives its buyer the right to any gain above a set "strike" price. Here the strike sits near the index's level at the time of the sale. The buyer pays the fund an upfront payment called a premium. The options trade on an exchange, are held until they expire and are settled in cash.
If the Dow rises, what the fund owes on the option cancels out its gains. In the prospectus's example, a 15% rise would erase the fund's entire gain for that month. If the Dow falls, the option expires worthless and the fund keeps the premium, but it still takes the loss on its stocks. Buying or selling shares partway through a monthly cycle can give different results.
What it really costs
- DJIA charges 0.6% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $61 in the first year and $750 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| DJIA | $61 | $192 | $335 | $750 |
Structure and tax notes
- Generates much of its income from selling options (directly or through notes). That income is usually taxed as ordinary income rather than as qualified dividends, and the strategy gives up some upside in strong markets.
In a retirement portfolio
The fund's main purpose is turning a portfolio of Dow stocks into a high monthly payout, and it accepts limited upside in exchange.
DJIA could add a large monthly income stream from big US companies. Its trailing 12-month yield was 9.92% as of October 27, 2026. Much of that came from option premiums, which are usually taxed as ordinary income, and payouts can vary. The fund launched in February 2022, so it has no record from the 2008 or 2020 crashes. Its deepest drop was 17%, from April 20 to September 30, 2022. It regained its earlier peak on January 22, 2024, about 16 months after the low, so anyone selling in that slump would have locked in losses. Every full calendar year from 2023 to 2025 was positive, the weakest a gain of 8.82% in 2023. Costs are 0.60% a year, or $61 in the first year on $10,000 under the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Retirees who want monthly income from Dow stocks; the trailing 12-month yield was 9.92% as of October 27, 2026.
- Investors who will give up upside for a smoother ride; one-year volatility was 7.9% and beta (sensitivity to the market) 0.43 as of October 27, 2026.
- Investors who can hold it in an IRA or similar account, where option income taxed as ordinary income matters less.
Look elsewhere if
- Investors who want full stock-market growth; the monthly calls give away gains above the strike price, even in a strong rally.
- Investors wary of concentration; price weighting put 11.7% in Goldman Sachs and 28% in financials as of July 31, 2026.
- Cost-focused investors; the 0.60% expense ratio adds up to $750 over 10 years on $10,000 in the SEC's standard example.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Does DJIA pay monthly dividends?
Yes. DJIA pays distributions monthly. Over the 12 months to October 27, 2026, it paid $2.24 per share, a trailing yield of 9.92%. Much of that money comes from the premiums the fund collects by selling call options on the Dow, not just from stock dividends. Option income is usually taxed as ordinary income rather than at the lower rate for qualified dividends. Monthly amounts can change with market conditions.
Is the DJIA covered call ETF good for retirement income?
It can provide high monthly income, but with trade-offs. The trailing yield was 9.92% as of October 27, 2026, and the fund's one-year volatility was a modest 7.9%. In exchange, it gives up most of the Dow's gains in rising months, and it still falls when stocks fall. Its deepest drop was 17% in 2022. It may suit retirees who care more about income than growth and who hold it alongside other investments.
What's the difference between DJIA and just owning the Dow Jones Industrial Average?
DJIA holds the same 30 Dow stocks but adds a monthly option sale. That trade brings in premium income but caps the upside. A plain Dow investment keeps every gain when stocks rally. DJIA gives most of that gain to the option buyer: in the prospectus's example, a 15% monthly rise would be fully offset. In down months, DJIA keeps the premium as a small cushion but still takes the stock losses.
How has DJIA performed since it launched?
It has posted positive returns, though below what an uncapped stock fund could earn in strong markets. The prospectus shows 8.82% in 2023, 14.45% in 2024 and 9.57% in 2025. The average annual return was 7.74% from launch in February 2022 through December 31, 2025. Based on price data as of October 27, 2026, the fund returned 13.1% over one year and 13.3% a year over three years.
What are DJIA's top holdings?
As of July 31, 2026, the largest holdings were Goldman Sachs (11.7%), Caterpillar (9.3%), Microsoft (5.3%), UnitedHealth Group (4.7%) and Amgen (4.4%). The top 10 made up 56% of the fund. Because the Dow is weighted by share price, companies with high share prices get the biggest weights, whatever their size. Financials were the largest sector at 28%, followed by technology at 17.2%.