JGACX vs. QQQX

Last updated Jun 23, 2026

JGACX (JPMorgan Growth Advantage Fund) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both mutual funds - JGACX is a Large Cap Growth Equities fund managed by JPMorgan, while QQQX is a Derivative Income fund actively managed by Nuveen. Over the past 10 years, JGACX returned 18.22%/yr vs 13.67%/yr for QQQX. A 0.75 correlation means they provide meaningful diversification when combined. JGACX charges 1.54%/yr vs 0.89%/yr for QQQX.

Performance

JGACX vs. QQQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Growth Advantage Fund (JGACX) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGACX achieves a 4.44% return, which is significantly lower than QQQX's 9.72% return. Over the past 10 years, JGACX has outperformed QQQX with an annualized return of 18.22%, while QQQX has yielded a comparatively lower 13.67% annualized return.

JGACX

• 1D: 1.50%
• 1M: -0.10%
• YTD: 4.44%
• 6M: 3.61%
• 1Y: 18.45%
• 3Y*: 23.26%
• 5Y*: 12.96%
• 10Y*: 18.22%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JGACX vs. QQQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JGACX JPMorgan Growth Advantage Fund	4.44%	14.89%	41.22%	39.06%	-30.57%	20.93%	52.51%	35.24%	-2.01%	28.54%
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 JGACX and QQQX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007	0.75

The correlation between JGACX and QQQX has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.

Return for Risk

JGACX vs. QQQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JGACX

JGACX Risk / Return Rank: 15
JGACX Sharpe Ratio Rank: 17
JGACX Sortino Ratio Rank: 16
JGACX Omega Ratio Rank: 17
JGACX Calmar Ratio Rank: 13
JGACX Martin Ratio Rank: 13

QQQX

QQQX Risk / Return Rank: 62
QQQX Sharpe Ratio Rank: 52
QQQX Sortino Ratio Rank: 51
QQQX Omega Ratio Rank: 51
QQQX Calmar Ratio Rank: 75
QQQX Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JGACX vs. QQQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Growth Advantage Fund (JGACX) 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.

	JGACX	QQQX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.95	-0.85
Sortino ratio: Return per unit of downside risk	1.57	2.77	-1.21
Omega ratio: Gain probability vs. loss probability	1.20	1.36	-0.16
Calmar ratio: Return relative to maximum drawdown	1.13	3.21	-2.08
Martin ratio: Return relative to average drawdown	3.53	13.97	-10.44

JGACX vs. QQQX - Sharpe Ratio Comparison

The current JGACX Sharpe Ratio is 1.10, which is lower than the QQQX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of JGACX and QQQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JGACX vs. QQQX - Drawdown Comparison

The maximum JGACX drawdown since its inception was -54.27%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for JGACX and QQQX.

Drawdown Indicators

	JGACX	QQQX	Difference
Max Drawdown Largest peak-to-trough decline	-54.27%	-57.25%	+2.98%
Max Drawdown (1Y) Largest decline over 1 year	-15.94%	-9.11%	-6.83%
Max Drawdown (3Y) Largest decline over 3 years	-24.45%	-22.80%	-1.65%
Max Drawdown (5Y) Largest decline over 5 years	-35.58%	-29.33%	-6.25%
Max Drawdown (10Y) Largest decline over 10 years	-35.58%	-35.96%	+0.38%
Current Drawdown Current decline from peak	-2.83%	-3.61%	+0.78%
Average Drawdown Average peak-to-trough decline	-9.24%	-8.01%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.10%	2.09%	+3.01%

Volatility

JGACX vs. QQQX - Volatility Comparison

JPMorgan Growth Advantage Fund (JGACX) has a higher volatility of 6.10% compared to Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) at 5.70%. This indicates that JGACX's price experiences larger fluctuations and is considered to be riskier than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGACX	QQQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	5.70%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	12.88%	12.36%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	16.37%	15.01%	+1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.63%	19.92%	+2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.99%	21.12%	+1.87%

JGACX vs. QQQX - Expense Ratio Comparison

JGACX has a 1.54% expense ratio, which is higher than QQQX's 0.89% expense ratio.

Dividends

JGACX vs. QQQX - Dividend Comparison

JGACX's dividend yield for the trailing twelve months is around 16.49%, more than QQQX's 8.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JGACX JPMorgan Growth Advantage Fund	16.49%	17.22%	16.40%	0.81%	0.54%	19.49%	12.46%	11.71%	11.44%	0.16%	0.00%	3.95%
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

Can I hold both JGACX and QQQX in my portfolio?

JGACX and QQQX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JGACX or QQQX?

JGACX has higher volatility (6.10%) compared to QQQX (5.70%). In terms of maximum drawdown, JGACX dropped -54.27% vs QQQX's -57.25%.

Which has better risk-adjusted returns?

QQQX currently has the higher Sharpe Ratio (1.95 vs 1.10), 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.