Nuveen S&P 500 Dynamic Overwrite Fund (SPXX)
The Fund aims to provide regular distributions and attractive total returns with lower volatility than the S&P 500 Index by investing in a U.S. equity portfolio that replicates the Index's price movements and selling call options on a portion of the portfolio to enhance risk-adjusted returns.
Fund Info
US6706EW1000
6706EW100
Nov 23, 2005
No Index (Active)
Expense Ratio
SPXX features an expense ratio of 0.89%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuveen S&P 500 Dynamic Overwrite Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Nuveen S&P 500 Dynamic Overwrite Fund had a return of 3.72% year-to-date (YTD) and 29.34% in the last 12 months. Over the past 10 years, Nuveen S&P 500 Dynamic Overwrite Fund had an annualized return of 9.91%, while the S&P 500 had an annualized return of 11.31%, indicating that Nuveen S&P 500 Dynamic Overwrite Fund did not perform as well as the benchmark.
SPXX
3.72%
3.14%
16.00%
29.34%
9.27%
9.91%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SPXX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.75% | 3.72% | |||||||||||
| 2024 | 0.40% | 2.52% | 3.15% | -2.36% | 2.94% | 5.60% | 0.06% | 2.20% | 2.29% | -0.72% | 5.88% | 2.58% | 27.11% |
| 2023 | -2.17% | 0.06% | 0.69% | -0.06% | -2.38% | 5.11% | 1.40% | -2.77% | -2.22% | -7.15% | 6.90% | 4.27% | 0.85% |
| 2022 | -5.81% | -2.68% | 7.24% | -6.12% | -1.84% | -3.65% | 4.79% | -3.72% | -3.24% | 10.66% | 7.10% | -7.83% | -6.92% |
| 2021 | -0.85% | 3.11% | 7.72% | 4.05% | 3.37% | 3.21% | 0.28% | 0.17% | -4.76% | 5.79% | -1.94% | 6.35% | 29.03% |
| 2020 | -1.09% | -11.25% | -18.26% | 9.41% | 2.76% | 0.51% | 2.39% | 7.79% | -4.27% | -4.13% | 15.51% | 5.03% | -0.37% |
| 2019 | 7.55% | 2.38% | 1.85% | 1.94% | -4.94% | 7.14% | 6.39% | -2.74% | -4.28% | 2.40% | 2.54% | 3.53% | 25.36% |
| 2018 | 5.32% | -2.91% | -1.78% | 7.42% | 1.25% | -8.91% | 0.66% | 2.08% | 0.16% | -9.58% | 5.49% | -11.36% | -13.42% |
| 2017 | 1.39% | 4.52% | -1.37% | 3.58% | 2.41% | -0.79% | 1.11% | -1.10% | 3.52% | 3.84% | 1.26% | 6.86% | 27.92% |
| 2016 | -7.50% | 1.61% | 7.24% | -0.08% | 2.93% | 0.54% | 3.25% | 0.21% | 0.08% | -1.31% | 3.61% | 4.12% | 14.91% |
| 2015 | -0.98% | 2.05% | -1.54% | 0.14% | 1.14% | -1.50% | 2.19% | -2.93% | -5.00% | 6.17% | 2.91% | -0.56% | 1.63% |
| 2014 | -1.42% | 3.09% | 0.58% | 1.91% | 1.73% | 0.29% | -1.59% | 3.09% | -2.47% | 2.06% | 1.74% | -0.25% | 8.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 91, SPXX is among the top 9% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen S&P 500 Dynamic Overwrite Fund provided a 6.63% dividend yield over the last twelve months, with an annual payout of $1.22 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.22 | $1.22 | $1.18 | $1.18 | $0.98 | $1.00 | $1.06 | $1.12 | $0.99 | $0.98 | $1.04 | $1.04 |
Dividend yield | 6.63% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.70% | 6.81% | 7.75% | 7.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen S&P 500 Dynamic Overwrite Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.34 | $1.22 |
| 2023 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $1.18 |
| 2022 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $1.18 |
| 2021 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.98 |
| 2020 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $1.00 |
| 2019 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $1.06 |
| 2018 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.28 | $1.12 |
| 2017 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.99 |
| 2016 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.98 |
| 2015 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.04 |
| 2014 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen S&P 500 Dynamic Overwrite Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nuveen S&P 500 Dynamic Overwrite Fund was 52.39%, occurring on Mar 9, 2009. Recovery took 444 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -52.39% | Apr 13, 2007 | 480 | Mar 9, 2009 | 444 | Dec 9, 2010 | 924 |
| -43.99% | Jun 8, 2018 | 450 | Mar 23, 2020 | 237 | Mar 2, 2021 | 687 |
| -18.58% | Dec 15, 2010 | 163 | Aug 8, 2011 | 130 | Feb 13, 2012 | 293 |
| -18.09% | Jan 13, 2022 | 108 | Jun 17, 2022 | 115 | Dec 1, 2022 | 223 |
| -17.95% | Dec 2, 2022 | 227 | Oct 27, 2023 | 152 | Jun 6, 2024 | 379 |
Volatility
Volatility Chart
The current Nuveen S&P 500 Dynamic Overwrite Fund volatility is 2.04%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.