GIDHX vs. QQQX
GIDHX (Goldman Sachs International Equity Dividend and Premium Fund) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both Derivative Income funds. Over the past 10 years, GIDHX returned 6.82%/yr vs 13.67%/yr for QQQX. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.89% expense ratio.
Performance
GIDHX vs. QQQX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GIDHX having a 9.38% return and QQQX slightly higher at 9.72%. Over the past 10 years, GIDHX has underperformed QQQX with an annualized return of 6.82%, while QQQX has yielded a comparatively higher 13.67% annualized return.
GIDHX
- 1D
- 0.54%
- 1M
- 0.00%
- YTD
- 9.38%
- 6M
- 9.77%
- 1Y
- 21.66%
- 3Y*
- 13.41%
- 5Y*
- 7.36%
- 10Y*
- 6.82%
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%
GIDHX vs. QQQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIDHX Goldman Sachs International Equity Dividend and Premium Fund | 9.38% | 28.92% | -2.17% | 16.16% | -13.41% | 9.36% | 1.20% | 14.82% | -12.96% | 23.84% |
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 GIDHX and QQQX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.59 |
The correlation between GIDHX and QQQX has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
GIDHX vs. QQQX — Risk / Return Rank
GIDHX
QQQX
GIDHX vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs International Equity Dividend and Premium Fund (GIDHX) 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.
| GIDHX | QQQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.21 | -0.64 |
| Martin ratioReturn relative to average drawdown | 10.22 | 13.97 | -3.75 |
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Drawdowns
GIDHX vs. QQQX - Drawdown Comparison
The maximum GIDHX drawdown since its inception was -36.19%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for GIDHX and QQQX.
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Drawdown Indicators
| GIDHX | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.19% | -57.25% | +21.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -9.11% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -12.88% | -22.80% | +9.92% |
Max Drawdown (5Y)Largest decline over 5 years | -28.46% | -29.33% | +0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -36.19% | -35.96% | -0.23% |
Current DrawdownCurrent decline from peak | -1.38% | -3.61% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -8.01% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.09% | -0.05% |
Volatility
GIDHX vs. QQQX - Volatility Comparison
The current volatility for Goldman Sachs International Equity Dividend and Premium Fund (GIDHX) is 4.24%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 5.70%. This indicates that GIDHX 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
| GIDHX | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 5.70% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 12.36% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 15.01% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 19.92% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.41% | 21.12% | -5.71% |
GIDHX vs. QQQX - Expense Ratio Comparison
Both GIDHX and QQQX have an expense ratio of 0.89%.
Dividends
GIDHX vs. QQQX - Dividend Comparison
GIDHX's dividend yield for the trailing twelve months is around 2.66%, less than QQQX's 8.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIDHX Goldman Sachs International Equity Dividend and Premium Fund | 2.66% | 2.58% | 3.27% | 3.56% | 0.58% | 3.09% | 2.65% | 3.24% | 3.42% | 2.54% | 3.08% | 4.13% |
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
GIDHX and QQQX have a correlation of 0.54, 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 GIDHX (4.24%). In terms of maximum drawdown, GIDHX dropped -36.19% vs QQQX's -57.25%.
QQQX currently has the higher Sharpe Ratio (1.95 vs 1.55), 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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