BXMX vs. BSPPX
Compare and contrast key facts about Nuveen S&P 500 Buy-Write Income Fund (BXMX) and iShares S&P 500 Index Fund Investor P Shares (BSPPX).
BXMX is an actively managed fund by Nuveen. It was launched on Nov 25, 2004. BSPPX is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on Aug 6, 2018.
Performance
BXMX vs. BSPPX - Performance Comparison
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BXMX vs. BSPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BXMX Nuveen S&P 500 Buy-Write Income Fund | -8.03% | 13.74% | 17.26% | 9.10% | -7.18% | 20.83% | 1.11% | 22.22% | -14.39% |
BSPPX iShares S&P 500 Index Fund Investor P Shares | -4.62% | 17.46% | 24.54% | 25.85% | -18.40% | 28.23% | 18.05% | 31.02% | -13.57% |
Returns By Period
In the year-to-date period, BXMX achieves a -8.03% return, which is significantly lower than BSPPX's -4.62% return.
BXMX
- 1D
- -2.07%
- 1M
- -7.78%
- YTD
- -8.03%
- 6M
- -4.96%
- 1Y
- 8.88%
- 3Y*
- 9.29%
- 5Y*
- 7.43%
- 10Y*
- 8.03%
BSPPX
- 1D
- 2.70%
- 1M
- -5.25%
- YTD
- -4.62%
- 6M
- -2.54%
- 1Y
- 16.68%
- 3Y*
- 17.80%
- 5Y*
- 11.35%
- 10Y*
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BXMX vs. BSPPX - Expense Ratio Comparison
BXMX has a 0.89% expense ratio, which is higher than BSPPX's 0.35% expense ratio.
Return for Risk
BXMX vs. BSPPX — Risk / Return Rank
BXMX
BSPPX
BXMX vs. BSPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen S&P 500 Buy-Write Income Fund (BXMX) and iShares S&P 500 Index Fund Investor P Shares (BSPPX). 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.
| BXMX | BSPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 0.94 | -0.42 |
Sortino ratioReturn per unit of downside risk | 0.87 | 1.45 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.22 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.47 | -0.74 |
Martin ratioReturn relative to average drawdown | 3.22 | 7.01 | -3.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BXMX | BSPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 0.94 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.68 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.64 | -0.29 |
Correlation
The correlation between BXMX and BSPPX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BXMX vs. BSPPX - Dividend Comparison
BXMX's dividend yield for the trailing twelve months is around 8.22%, more than BSPPX's 1.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMX Nuveen S&P 500 Buy-Write Income Fund | 8.22% | 7.41% | 7.02% | 7.37% | 7.48% | 5.87% | 6.81% | 6.76% | 8.12% | 6.41% | 7.33% | 7.42% |
BSPPX iShares S&P 500 Index Fund Investor P Shares | 1.31% | 1.43% | 1.12% | 1.22% | 1.67% | 1.53% | 1.38% | 1.70% | 1.35% | 0.00% | 0.00% | 0.00% |
Drawdowns
BXMX vs. BSPPX - Drawdown Comparison
The maximum BXMX drawdown since its inception was -49.53%, which is greater than BSPPX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for BXMX and BSPPX.
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Drawdown Indicators
| BXMX | BSPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.53% | -33.76% | -15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -12.11% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | -24.70% | +6.76% |
Max Drawdown (10Y)Largest decline over 10 years | -38.77% | — | — |
Current DrawdownCurrent decline from peak | -9.75% | -6.49% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -5.32% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.54% | +0.04% |
Volatility
BXMX vs. BSPPX - Volatility Comparison
The current volatility for Nuveen S&P 500 Buy-Write Income Fund (BXMX) is 4.26%, while iShares S&P 500 Index Fund Investor P Shares (BSPPX) has a volatility of 5.22%. This indicates that BXMX experiences smaller price fluctuations and is considered to be less risky than BSPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXMX | BSPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 5.22% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 8.32% | 9.46% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 18.22% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 16.88% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.44% | 19.88% | -2.44% |