MUXYX vs. SPXX
MUXYX (Victory S&P 500 Index Fund) and SPXX (Nuveen S&P 500 Dynamic Overwrite Fund) are both S&P 500 funds. MUXYX is passively managed, while SPXX is actively managed. Over the past 10 years, MUXYX returned 14.56%/yr vs 10.29%/yr for SPXX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. MUXYX charges 0.44%/yr vs 0.89%/yr for SPXX.
Performance
MUXYX vs. SPXX - Performance Comparison
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Returns By Period
In the year-to-date period, MUXYX achieves a 9.84% return, which is significantly higher than SPXX's 8.76% return. Over the past 10 years, MUXYX has outperformed SPXX with an annualized return of 14.56%, while SPXX has yielded a comparatively lower 10.29% annualized return.
MUXYX
- 1D
- 0.72%
- 1M
- 0.10%
- 6M
- 7.73%
- YTD
- 9.84%
- 1Y
- 20.93%
- 3Y*
- 18.90%
- 5Y*
- 12.32%
- 10Y*
- 14.56%
- ALL TIME*
- 10.48%
SPXX
- 1D
- 1.84%
- 1M
- 0.91%
- 6M
- 9.55%
- YTD
- 8.76%
- 1Y
- 14.98%
- 3Y*
- 15.27%
- 5Y*
- 8.56%
- 10Y*
- 10.29%
- ALL TIME*
- 7.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $4.20M | $5.25M | $5.11M |
MUXYX vs. SPXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUXYX Victory S&P 500 Index Fund | 9.84% | 17.17% | 24.62% | 25.70% | -18.49% | 28.01% | 17.91% | 30.85% | -4.84% | 21.27% |
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 8.76% | 9.78% | 27.10% | 0.85% | -6.92% | 29.03% | -0.37% | 25.36% | -13.42% | 27.92% |
Correlation
The correlation between MUXYX and SPXX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2005 | 0.71 |
The correlation between MUXYX and SPXX has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
MUXYX vs. SPXX — Risk / Return Rank
MUXYX
SPXX
MUXYX vs. SPXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory S&P 500 Index Fund (MUXYX) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX). 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.
| MUXYX | SPXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.27 | +0.85 |
| Martin ratioReturn relative to average drawdown | 9.05 | 4.29 | +4.76 |
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Drawdowns
MUXYX vs. SPXX - Drawdown Comparison
The maximum MUXYX drawdown since its inception was -55.74%, which is greater than SPXX's maximum drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for MUXYX and SPXX.
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Drawdown Indicators
| MUXYX | SPXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.74% | -52.39% | -3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -11.86% | +2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -27.62% | -17.65% | -9.97% |
Max Drawdown (5Y)Largest decline over 5 years | -28.47% | -18.09% | -10.38% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -43.99% | +10.20% |
Current DrawdownCurrent decline from peak | -1.47% | 0.00% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -7.42% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 3.50% | -1.40% |
Volatility
MUXYX vs. SPXX - Volatility Comparison
Victory S&P 500 Index Fund (MUXYX) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) have volatilities of 3.51% and 3.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUXYX | SPXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 3.63% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 10.04% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 12.97% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 15.77% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.33% | 18.45% | +0.88% |
MUXYX vs. SPXX - Expense Ratio Comparison
MUXYX has a 0.44% expense ratio, which is lower than SPXX's 0.89% expense ratio.
Dividends
MUXYX vs. SPXX - Dividend Comparison
MUXYX's dividend yield for the trailing twelve months is around 7.46%, less than SPXX's 7.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUXYX Victory S&P 500 Index Fund | 7.46% | 8.00% | 16.75% | 5.84% | 8.25% | 7.94% | 7.27% | 13.51% | 12.31% | 17.31% | 8.03% | 11.65% |
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 7.63% | 7.48% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.69% | 5.14% | 7.75% |
Frequently Asked Questions
MUXYX and SPXX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXX has higher volatility (3.63%) compared to MUXYX (3.51%). In terms of maximum drawdown, MUXYX dropped -55.74% vs SPXX's -52.39%.
MUXYX currently has the higher Sharpe Ratio (1.48 vs 1.16), 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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