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Nuveen NASDAQ 100 Dynamic Overwrite Fund (XQQQX) Diversifiers

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

The Fund seeks attractive total return with less volatility than the Nasdaq 100 Index by investing in a U.S. equity portfolio that substantially replicates the price movements of the Nasdaq 100 Index and selling call options on 35%-75% of the notional value of the Fund's equity portfolio to enhance risk-adjusted returns.

Looking to diversify beyond XQQQX? The mutual funds below have the lowest correlation with XQQQX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from XQQQX.

Best Diversifiers for XQQQX

0 mutual funds have low correlation with XQQQX (below 0.3), 0 of which are negatively correlated. The least correlated is PrimeCap Odyssey Growth Fund (POGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.64, down from 0.81 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
POGRX
PrimeCap Odyssey Growth Fund0.640.740.81
93
Large Cap Growth EquitiesXQQQX vs POGRX
QQQX
Nuveen Nasdaq 100 Dynamic Overwrite Fund0.690.780.79
62
Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively ManagedXQQQX vs QQQX

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Diversification Analysis

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