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ISIN
US6706EW1000
CUSIP
6706EW100
Issuer
Nuveen
Inception Date
Nov 23, 2005
Category
S&P 500
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Equity

Share Price Chart


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Performance

SPXX Performance Chart

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is up 4.2% since the beginning of the year. SPXX is currently trading at $18 per share. Investors who bought $1,000 worth of SPXX shares 5 years ago would now be looking at an investment worth $1,459.


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S&P 500 Index

Returns By Period

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) has returned 4.21% so far this year and 14.84% over the past 12 months. Over the last ten years, SPXX has returned 10.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.65% annually.


Nuveen S&P 500 Dynamic Overwrite Fund

1D
0.38%
1M
4.18%
YTD
4.21%
6M
6.63%
1Y
14.84%
3Y*
14.38%
5Y*
7.85%
10Y*
10.16%

Benchmark (S&P 500 Index)

1D
0.41%
1M
4.48%
YTD
10.79%
6M
10.60%
1Y
27.02%
3Y*
21.07%
5Y*
12.39%
10Y*
13.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPXX Monthly Returns History

Based on dividend-adjusted daily data since Nov 23, 2005, SPXX's average daily return is +0.04%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +15.5%, while the worst month was Mar 2020 at -18.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, SPXX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +18.9%, while the worst single day was Mar 18, 2020 at -13.5%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-1.55%-0.06%-7.65%9.58%4.66%0.00%4.21%
20251.75%1.77%-6.19%-2.13%4.72%4.42%1.52%0.50%-1.55%1.37%1.58%2.09%9.78%
20240.40%2.52%3.15%-2.36%2.94%5.60%0.06%2.20%2.29%-0.72%5.88%2.57%27.10%
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%

Benchmark Metrics

Nuveen S&P 500 Dynamic Overwrite Fund has an annualized alpha of 0.82%, beta of 0.78, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since November 25, 2005.

  • This fund participated in 90.28% of S&P 500 Index downside but only 83.92% of its upside - more exposed to losses than it benefited from rallies.

Alpha
0.82%
Beta
0.78
0.62
Upside Capture
83.92%
Downside Capture
90.28%

Expense Ratio

SPXX has an expense ratio of 0.89%, placing it in the medium range.


Return for Risk

Risk / Return Rank

SPXX ranks 17 for risk / return — in the bottom 17% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


SPXX Risk / Return Rank: 1717
Overall Rank
SPXX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
SPXX Sortino Ratio Rank: 1919
Sortino Ratio Rank
SPXX Omega Ratio Rank: 1818
Omega Ratio Rank
SPXX Calmar Ratio Rank: 1414
Calmar Ratio Rank
SPXX Martin Ratio Rank: 1616
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and compare them to S&P 500 Index.


SPXXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-1.04

Sortino ratioReturn per unit of downside risk

-1.32

Omega ratioGain probability vs. loss probability

1.21

1.41

-0.20

Calmar ratioReturn relative to maximum drawdown

1.26

2.98

-1.73

Martin ratioReturn relative to average drawdown

4.27

13.78

-9.51

Dividends

Dividend History

Nuveen S&P 500 Dynamic Overwrite Fund provided a 7.33% dividend yield over the last twelve months, with an annual payout of $1.35 per share. The fund has been increasing its distributions for 4 consecutive years.


5.00%5.50%6.00%6.50%7.00%7.50%8.00%$0.00$0.20$0.40$0.60$0.80$1.00$1.20$1.4020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$1.35$1.35$1.22$1.18$1.18$0.98$1.00$1.06$1.12$0.99$0.74$1.04

Dividend yield

7.33%7.48%6.87%7.82%7.30%5.27%6.56%6.44%7.98%5.69%5.14%7.75%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.34$0.00$0.00$0.00$0.34
2025$0.00$0.00$0.34$0.00$0.00$0.34$0.00$0.00$0.34$0.00$0.00$0.34$1.35
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

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.


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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.

The current Nuveen S&P 500 Dynamic Overwrite Fund drawdown is 0.16%.


Related event

Drawdown

Fall

Recovery

Underwater

Financial crisis2007–2009
-52.39%Mar 2009
1y 11mo1y 9mo
3y 8moApr 2007 - Dec 2010
COVID crash2020
-43.99%Mar 2020
1y 9mo11mo 14d
2y 8moJun 2018 - Mar 2021
2011 correction2011
-18.58%Aug 2011
7mo 26d6mo 9d
1y 2moDec 2010 - Feb 2012
Bear market2022
-18.09%Jun 2022
5mo 5d5mo 17d
10mo 22dJan 2022 - Dec 2022
2023 correction2023
-17.95%Oct 2023
10mo 29d7mo 13d
1y 6moDec 2022 - Jun 2024

Drawdown Indicators


SPXXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-52.39%

-56.78%

+4.39%

Max Drawdown (1Y)

Largest decline over 1 year

-11.86%

-9.10%

-2.76%

Max Drawdown (3Y)

Largest decline over 3 years

-17.65%

-18.90%

+1.25%

Max Drawdown (5Y)

Largest decline over 5 years

-18.09%

-25.43%

+7.34%

Max Drawdown (10Y)

Largest decline over 10 years

-43.99%

-33.92%

-10.07%

Current Drawdown

Current decline from peak

-0.16%

-0.33%

+0.17%

Average Drawdown

Average peak-to-trough decline

-7.47%

-10.72%

+3.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.48%

1.97%

+1.51%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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