JMM vs. QQQX
Compare and contrast key facts about Nuveen Multi-Market Income Fund (JMM) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX).
JMM is managed by Nuveen. It was launched on Dec 30, 1988. 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
JMM vs. QQQX - Performance Comparison
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JMM vs. QQQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | -1.07% | 5.61% | 8.15% | 6.57% | -17.95% | 10.53% | 1.77% | 13.56% | -5.37% | 10.58% |
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, JMM achieves a -1.07% return, which is significantly lower than QQQX's -0.51% return. Over the past 10 years, JMM has underperformed QQQX with an annualized return of 3.37%, while QQQX has yielded a comparatively higher 11.87% annualized return.
JMM
- 1D
- 2.43%
- 1M
- -6.05%
- YTD
- -1.07%
- 6M
- -3.66%
- 1Y
- 0.20%
- 3Y*
- 6.30%
- 5Y*
- 1.27%
- 10Y*
- 3.37%
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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JMM vs. QQQX - Expense Ratio Comparison
JMM has a 0.04% expense ratio, which is lower than QQQX's 0.92% expense ratio.
Return for Risk
JMM vs. QQQX — Risk / Return Rank
JMM
QQQX
JMM vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Market Income Fund (JMM) 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.
| JMM | QQQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.01 | 1.26 | -1.25 |
Sortino ratioReturn per unit of downside risk | 0.12 | 1.87 | -1.75 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.29 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 2.10 | -2.04 |
Martin ratioReturn relative to average drawdown | 0.17 | 10.38 | -10.22 |
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
| JMM | QQQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 1.26 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.41 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.57 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.46 | -0.28 |
Correlation
The correlation between JMM and QQQX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JMM vs. QQQX - Dividend Comparison
JMM's dividend yield for the trailing twelve months is around 5.91%, less than QQQX's 8.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | 5.91% | 5.76% | 5.48% | 5.58% | 6.13% | 4.60% | 4.49% | 4.86% | 5.34% | 5.63% | 6.19% | 6.76% |
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
JMM vs. QQQX - Drawdown Comparison
The maximum JMM drawdown since its inception was -48.15%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for JMM and QQQX.
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Drawdown Indicators
| JMM | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.15% | -57.25% | +9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -12.93% | +4.65% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -29.33% | +5.14% |
Max Drawdown (10Y)Largest decline over 10 years | -26.48% | -35.96% | +9.48% |
Current DrawdownCurrent decline from peak | -6.05% | -0.86% | -5.19% |
Average DrawdownAverage peak-to-trough decline | -14.14% | -8.09% | -6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.61% | +0.51% |
Volatility
JMM vs. QQQX - Volatility Comparison
The current volatility for Nuveen Multi-Market Income Fund (JMM) is 5.39%, while Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) has a volatility of 8.15%. This indicates that JMM 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
| JMM | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 8.15% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 11.99% | -3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 21.13% | -7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.30% | 19.80% | -6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 21.05% | -7.15% |