NGRRX vs. SPXX
NGRRX (Nuveen International Value Fund) and SPXX (Nuveen S&P 500 Dynamic Overwrite Fund) are both mutual funds - NGRRX is a Foreign Large Cap Equities fund managed by Nuveen, while SPXX is a S&P 500 fund actively managed by Nuveen. Over the past 10 years, NGRRX returned 9.45%/yr vs 10.31%/yr for SPXX. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.89% expense ratio.
Performance
NGRRX vs. SPXX - Performance Comparison
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Returns By Period
In the year-to-date period, NGRRX achieves a 6.52% return, which is significantly higher than SPXX's 3.44% return. Over the past 10 years, NGRRX has underperformed SPXX with an annualized return of 9.45%, while SPXX has yielded a comparatively higher 10.31% annualized return.
NGRRX
- 1D
- 0.27%
- 1M
- 0.98%
- YTD
- 6.52%
- 6M
- 6.15%
- 1Y
- 23.46%
- 3Y*
- 17.83%
- 5Y*
- 10.68%
- 10Y*
- 9.45%
SPXX
- 1D
- -1.05%
- 1M
- 1.41%
- YTD
- 3.44%
- 6M
- 3.84%
- 1Y
- 13.31%
- 3Y*
- 13.85%
- 5Y*
- 7.18%
- 10Y*
- 10.31%
NGRRX vs. SPXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGRRX Nuveen International Value Fund | 6.52% | 36.06% | 4.57% | 20.60% | -8.85% | 12.34% | 3.92% | 18.46% | -18.08% | 20.75% |
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 3.44% | 9.78% | 27.10% | 0.85% | -6.92% | 29.03% | -0.37% | 25.36% | -13.42% | 27.92% |
Correlation
The correlation between NGRRX and SPXX is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2005 | 0.59 |
The correlation between NGRRX and SPXX has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
NGRRX vs. SPXX — Risk / Return Rank
NGRRX
SPXX
NGRRX vs. SPXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen International Value Fund (NGRRX) 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.
| NGRRX | SPXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.13 | +0.64 |
| Martin ratioReturn relative to average drawdown | 5.91 | 3.83 | +2.08 |
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Drawdowns
NGRRX vs. SPXX - Drawdown Comparison
The maximum NGRRX drawdown since its inception was -59.12%, which is greater than SPXX's maximum drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for NGRRX and SPXX.
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Drawdown Indicators
| NGRRX | SPXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.12% | -52.39% | -6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.87% | -11.86% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -14.53% | -17.65% | +3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -26.36% | -18.09% | -8.27% |
Max Drawdown (10Y)Largest decline over 10 years | -41.91% | -43.99% | +2.08% |
Current DrawdownCurrent decline from peak | -3.75% | -1.43% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -15.36% | -7.45% | -7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 3.49% | +0.64% |
Volatility
NGRRX vs. SPXX - Volatility Comparison
Nuveen International Value Fund (NGRRX) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) have volatilities of 4.43% and 4.41%, 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
| NGRRX | SPXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 4.41% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.67% | 9.55% | +3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 12.45% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.79% | 15.71% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 18.43% | -2.07% |
NGRRX vs. SPXX - Expense Ratio Comparison
Both NGRRX and SPXX have an expense ratio of 0.89%.
Dividends
NGRRX vs. SPXX - Dividend Comparison
NGRRX's dividend yield for the trailing twelve months is around 0.21%, less than SPXX's 8.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NGRRX Nuveen International Value Fund | 0.21% | 0.23% | 2.48% | 2.07% | 5.15% | 4.09% | 2.15% | 3.17% | 1.56% | 3.13% | 2.15% | 1.67% |
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 8.02% | 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
NGRRX and SPXX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NGRRX has higher volatility (4.43%) compared to SPXX (4.41%). In terms of maximum drawdown, NGRRX dropped -59.12% vs SPXX's -52.39%.
NGRRX currently has the higher Sharpe Ratio (1.61 vs 1.08), 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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