JCE vs. QQQX
Compare and contrast key facts about Nuveen Core Equity Alpha Fund (JCE) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX).
JCE is an actively managed fund by Nuveen. It was launched on Mar 27, 2007. QQQX is a passively managed fund by Nuveen that tracks the performance of the Nasdaq 100 Index. It was launched on Jan 30, 2007.
Performance
JCE vs. QQQX - Performance Comparison
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JCE vs. QQQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JCE Nuveen Core Equity Alpha Fund | -5.16% | 9.06% | 27.90% | 10.67% | -14.29% | 47.67% | 3.59% | 30.50% | -11.11% | 31.98% |
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund | -0.51% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 15.75% | 28.83% | -11.68% | 39.19% |
Returns By Period
In the year-to-date period, JCE achieves a -5.16% return, which is significantly lower than QQQX's -0.51% return. Both investments have delivered pretty close results over the past 10 years, with JCE having a 11.60% annualized return and QQQX not far ahead at 11.87%.
JCE
- 1D
- 4.75%
- 1M
- -4.62%
- YTD
- -5.16%
- 6M
- -1.92%
- 1Y
- 10.24%
- 3Y*
- 16.14%
- 5Y*
- 11.11%
- 10Y*
- 11.60%
QQQX
- 1D
- 4.05%
- 1M
- 1.77%
- YTD
- -0.51%
- 6M
- 4.98%
- 1Y
- 26.55%
- 3Y*
- 13.53%
- 5Y*
- 8.16%
- 10Y*
- 11.87%
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JCE vs. QQQX - Expense Ratio Comparison
JCE has a 1.00% expense ratio, which is higher than QQQX's 0.92% expense ratio.
Return for Risk
JCE vs. QQQX — Risk / Return Rank
JCE
QQQX
JCE vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Equity Alpha Fund (JCE) 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.
| JCE | QQQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 1.26 | -0.70 |
Sortino ratioReturn per unit of downside risk | 0.96 | 1.87 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.29 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.10 | -1.14 |
Martin ratioReturn relative to average drawdown | 4.01 | 10.38 | -6.37 |
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
| JCE | QQQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.26 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.41 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.57 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.46 | -0.05 |
Correlation
The correlation between JCE and QQQX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
JCE vs. QQQX - Dividend Comparison
JCE's dividend yield for the trailing twelve months is around 8.80%, more than QQQX's 8.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JCE Nuveen Core Equity Alpha Fund | 8.80% | 8.03% | 8.05% | 9.45% | 17.22% | 9.89% | 6.57% | 6.84% | 9.23% | 17.33% | 8.68% | 19.27% |
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund | 8.27% | 7.85% | 6.73% | 7.26% | 9.66% | 5.85% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% |
Drawdowns
JCE vs. QQQX - Drawdown Comparison
The maximum JCE drawdown since its inception was -57.63%, roughly equal to the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for JCE and QQQX.
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Drawdown Indicators
| JCE | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -57.25% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -12.93% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -30.24% | -29.33% | -0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -43.56% | -35.96% | -7.60% |
Current DrawdownCurrent decline from peak | -6.63% | -0.86% | -5.77% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -8.09% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.61% | +0.26% |
Volatility
JCE vs. QQQX - Volatility Comparison
The current volatility for Nuveen Core Equity Alpha Fund (JCE) is 6.95%, while Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) has a volatility of 8.15%. This indicates that JCE 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
| JCE | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.95% | 8.15% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 11.99% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 21.13% | -2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 19.80% | +3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.52% | 21.05% | +1.47% |