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Nuveen NASDAQ 100 Dynamic Overwrite Fund (XQQQX) Sharpe Ratio: 0.94

Mutual Fund · Currency in USD · Last updated Jul 11, 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.

XQQQX's Sharpe Ratio of 0.94 indicates that for each unit of volatility, it generates 0.94 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 11, 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.

XQQQX Sharpe Ratio Rank

XQQQX Sharpe Ratio Rank: 19.720
Concerning

XQQQX ranks above 19.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak 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

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

XQQQX Sharpe Ratio Market Positioning

The chart shows XQQQX'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%): 1.06 or lower
  • Yellow zone (middle 50%): 1.06 to 1.95
  • Green zone (top 25%): 1.95 or higher
  • Top 1%: 3.90+
  • Median: 1.59 — 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 Large Cap Growth Equities category across multiple time periods, showing how XQQQX'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 Jul 11, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
VPMCXVanguard PRIMECAP Fund Investor Shares2.74
ONERXOne Rock Fund2.66
CHASXChase Growth Fund2.46
CHAIXChase Growth Fund Institutional Class2.46
VHCAXVanguard Capital Opportunity Fund Admiral Shares2.46
FOCKXFidelity OTC Portfolio Class K2.40
FOCPXFidelity OTC Portfolio2.40
FCGSXFidelity Series Growth Company Fund2.38
FSSKXFidelity Advisor Stock Selector All Cap Fund Class K2.22
FZAPXFidelity Advisor Stock Selector All Cap Fund Class Z2.21
XQQQXNuveen NASDAQ 100 Dynamic Overwrite Fund0.94

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows XQQQX'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 XQQQX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does XQQQX fit in your portfolio?

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

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