Nationwide Adds 3 Managed Risk ETFs

Nationwide Adds 3 Managed Risk ETFs

It’s a trio of collar strategies.

Reviewed by: Dan Mika
Edited by: Dan Mika

Nationwide closed out the week with three additions to its lineup of risk-focused strategies.

The Nationwide S&P 500 Risk-Managed Income ETF (NSPI), the Nationwide Dow Jones Risk-Managed Income ETF (NDJI) and the Nationwide Russell 2000 Risk-Managed Income ETF (NTKI) all launched on the NYSE Arca Friday with an expense ratio of 0.68%.

The ETFs use collar strategies, or sell call options and buy put options simultaneously, on their respective indices. Holding an out-of-the-money put option gives managers an insurance policy to sell a security at a predetermined price in the case of a steep decline, but potentially limits returns due to the premium needed to buy the put.

[Look up other collared-call ETFs on our stock screener]


The trio of funds joins Nationwide’s four existing ETFs, which have just over $1.25 billion in combined assets under management. The largest by a wide margin is the Nationwide Nasdaq-100 Risk-Managed Income ETF (NUSI), which has just shy of $885 million in assets.

Contact Dan Mika at [email protected], and follow him on Twitter

Dan Mika is a reporter for He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.