BGY vs. QQQX
BGY (BlackRock Enhanced International Dividend Trust) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both Derivative Income funds. Both are actively managed. Over the past 10 years, BGY returned 7.92%/yr vs 13.24%/yr for QQQX. A 0.58 correlation means they provide meaningful diversification when combined. BGY charges 1.19%/yr vs 0.89%/yr for QQQX.
Performance
BGY vs. QQQX - Performance Comparison
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Returns By Period
In the year-to-date period, BGY achieves a 2.52% return, which is significantly lower than QQQX's 11.69% return. Over the past 10 years, BGY has underperformed QQQX with an annualized return of 7.92%, while QQQX has yielded a comparatively higher 13.24% annualized return.
BGY
- 1D
- 0.52%
- 1M
- 0.05%
- 6M
- 1.31%
- YTD
- 2.52%
- 1Y
- 9.01%
- 3Y*
- 10.38%
- 5Y*
- 5.75%
- 10Y*
- 7.92%
QQQX
- 1D
- 0.50%
- 1M
- 0.72%
- 6M
- 11.49%
- YTD
- 11.69%
- 1Y
- 26.48%
- 3Y*
- 15.76%
- 5Y*
- 8.99%
- 10Y*
- 13.24%
BGY vs. QQQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGY BlackRock Enhanced International Dividend Trust | 2.52% | 21.21% | 8.66% | 13.36% | -13.61% | 14.18% | 7.70% | 27.38% | -17.59% | 27.43% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 11.69% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 15.75% | 28.83% | -11.68% | 39.19% |
Correlation
The correlation between BGY and QQQX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 25, 2007 | 0.58 |
The correlation between BGY and QQQX has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
BGY vs. QQQX — Risk / Return Rank
BGY
QQQX
BGY vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Enhanced International Dividend Trust (BGY) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BGY | QQQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.31 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.92 | -2.33 |
| Martin ratioReturn relative to average drawdown | 1.92 | 11.27 | -9.35 |
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Drawdowns
BGY vs. QQQX - Drawdown Comparison
The maximum BGY drawdown since its inception was -64.36%, which is greater than QQQX's maximum drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for BGY and QQQX.
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Drawdown Indicators
| BGY | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.36% | -57.25% | -7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -9.11% | -6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.47% | -22.80% | +7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -27.67% | -29.33% | +1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -34.06% | -35.96% | +1.90% |
Current DrawdownCurrent decline from peak | -4.29% | -1.88% | -2.41% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -7.99% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 2.36% | +2.35% |
Volatility
BGY vs. QQQX - Volatility Comparison
The current volatility for BlackRock Enhanced International Dividend Trust (BGY) is 3.83%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 6.44%. This indicates that BGY experiences smaller price fluctuations and is considered to be less risky than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGY | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 6.44% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.47% | 13.26% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.88% | 15.72% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 20.05% | -3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 21.14% | -4.34% |
BGY vs. QQQX - Expense Ratio Comparison
BGY has a 1.19% expense ratio, which is higher than QQQX's 0.89% expense ratio.
Dividends
BGY vs. QQQX - Dividend Comparison
BGY's dividend yield for the trailing twelve months is around 8.86%, more than QQQX's 8.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGY BlackRock Enhanced International Dividend Trust | 8.86% | 8.69% | 7.80% | 7.70% | 8.08% | 6.46% | 6.91% | 6.89% | 8.90% | 6.99% | 9.47% | 9.42% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.13% | 7.85% | 6.73% | 7.26% | 9.66% | 5.85% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% |
Frequently Asked Questions
BGY and QQQX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQX has higher volatility (6.44%) compared to BGY (3.83%). In terms of maximum drawdown, BGY dropped -64.36% vs QQQX's -57.25%.
QQQX currently has the higher Sharpe Ratio (1.69 vs 0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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