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Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) Sharpe Ratio: 1.95

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The closed-end fund seeks attractive total return with less volatility than the Nasdaq 100 Index by holding an equity portfolio designed to substantially replicate Nasdaq 100 price movements and dynamically selling call options on a portion of the portfolio.

QQQX's Sharpe Ratio of 1.95 indicates that for each unit of volatility, it generates 1.95 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

QQQX Sharpe Ratio Rank

QQQX Sharpe Ratio Rank: 52.052
Average

QQQX ranks above 52.0% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

QQQX Sharpe Ratio Market Positioning

The chart shows QQQX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.30+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Nuveen Nasdaq 100 Dynamic Overwrite Fund's Sharpe Ratio with other mutual funds in the Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed category across multiple time periods, showing how QQQX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PPFIXPrinceton Premium Fund7.57
FELAXFidelity Advisor Semiconductors Fund Class A4.46
VPCCXVanguard PRIMECAP Core Fund3.64
POGRXPrimeCap Odyssey Growth Fund3.42
VPMCXVanguard PRIMECAP Fund Investor Shares3.42
FOCKXFidelity OTC Portfolio Class K3.13
FOCPXFidelity OTC Portfolio3.13
ONERXOne Rock Fund3.11
VHCAXVanguard Capital Opportunity Fund Admiral Shares3.03
FCGSXFidelity Series Growth Company Fund2.95
QQQXNuveen Nasdaq 100 Dynamic Overwrite Fund1.95

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows QQQX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when QQQX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does QQQX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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