FORCX vs. QQQX
FORCX (Nuveen Oregon Intermediate Municipal Bond Fund) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both mutual funds - FORCX is a Municipal Bonds fund managed by Nuveen, while QQQX is a Derivative Income fund actively managed by Nuveen. Over the past 10 years, FORCX returned 1.75%/yr vs 13.67%/yr for QQQX. At a correlation of -0.06, they often move in opposite directions. FORCX charges 0.61%/yr vs 0.89%/yr for QQQX.
Performance
FORCX vs. QQQX - Performance Comparison
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Returns By Period
In the year-to-date period, FORCX achieves a 0.92% return, which is significantly lower than QQQX's 9.72% return. Over the past 10 years, FORCX has underperformed QQQX with an annualized return of 1.75%, while QQQX has yielded a comparatively higher 13.67% annualized return.
FORCX
- 1D
- 0.10%
- 1M
- 1.27%
- YTD
- 0.92%
- 6M
- 1.28%
- 1Y
- 5.72%
- 3Y*
- 3.48%
- 5Y*
- 0.90%
- 10Y*
- 1.75%
QQQX
- 1D
- -0.42%
- 1M
- -0.11%
- YTD
- 9.72%
- 6M
- 10.69%
- 1Y
- 29.13%
- 3Y*
- 15.64%
- 5Y*
- 8.85%
- 10Y*
- 13.67%
FORCX vs. QQQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FORCX Nuveen Oregon Intermediate Municipal Bond Fund | 0.92% | 4.89% | 1.29% | 4.85% | -7.17% | 0.52% | 4.77% | 6.55% | 0.88% | 4.10% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 9.72% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 15.75% | 28.83% | -11.68% | 39.19% |
Correlation
The correlation between FORCX and QQQX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | -0.06 |
The correlation between FORCX and QQQX shifts across timeframes, from -0.06 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FORCX vs. QQQX — Risk / Return Rank
FORCX
QQQX
FORCX vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Oregon Intermediate Municipal Bond Fund (FORCX) 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.
| FORCX | QQQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.36 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.21 | -0.80 |
| Martin ratioReturn relative to average drawdown | 6.92 | 13.97 | -7.06 |
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Drawdowns
FORCX vs. QQQX - Drawdown Comparison
The maximum FORCX drawdown since its inception was -11.47%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for FORCX and QQQX.
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Drawdown Indicators
| FORCX | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.47% | -57.25% | +45.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -9.11% | +6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -4.29% | -22.80% | +18.51% |
Max Drawdown (5Y)Largest decline over 5 years | -11.47% | -29.33% | +17.86% |
Max Drawdown (10Y)Largest decline over 10 years | -11.47% | -35.96% | +24.49% |
Current DrawdownCurrent decline from peak | -0.80% | -3.61% | +2.81% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -8.01% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 2.09% | -1.26% |
Volatility
FORCX vs. QQQX - Volatility Comparison
The current volatility for Nuveen Oregon Intermediate Municipal Bond Fund (FORCX) is 0.62%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 5.70%. This indicates that FORCX 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
| FORCX | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 5.70% | -5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 12.36% | -10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.00% | 15.01% | -13.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.96% | 19.92% | -16.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 21.12% | -17.76% |
FORCX vs. QQQX - Expense Ratio Comparison
FORCX has a 0.61% expense ratio, which is lower than QQQX's 0.89% expense ratio.
Dividends
FORCX vs. QQQX - Dividend Comparison
FORCX's dividend yield for the trailing twelve months is around 2.77%, less than QQQX's 8.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FORCX Nuveen Oregon Intermediate Municipal Bond Fund | 2.77% | 2.99% | 2.92% | 2.53% | 2.13% | 1.83% | 2.09% | 2.35% | 2.33% | 2.44% | 2.62% | 2.84% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.28% | 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
FORCX and QQQX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQX has higher volatility (5.70%) compared to FORCX (0.62%). In terms of maximum drawdown, FORCX dropped -11.47% vs QQQX's -57.25%.
FORCX currently has the higher Sharpe Ratio (2.88 vs 1.95), 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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