NMCO vs. QQQX
Compare and contrast key facts about Nuveen Municipal Credit Opportunities Fund (NMCO) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX).
NMCO is managed by Nuveen. It was launched on Apr 18, 2019. 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
NMCO vs. QQQX - Performance Comparison
Loading graphics...
NMCO vs. QQQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NMCO Nuveen Municipal Credit Opportunities Fund | 6.43% | 4.18% | 13.64% | -4.19% | -25.66% | 26.98% | -11.55% | 2.16% |
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund | -0.51% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 15.75% | 8.69% |
Returns By Period
In the year-to-date period, NMCO achieves a 6.43% return, which is significantly higher than QQQX's -0.51% return.
NMCO
- 1D
- 0.95%
- 1M
- -1.65%
- YTD
- 6.43%
- 6M
- 1.82%
- 1Y
- 7.40%
- 3Y*
- 4.68%
- 5Y*
- 0.59%
- 10Y*
- —
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NMCO vs. QQQX - Expense Ratio Comparison
NMCO has a 0.04% expense ratio, which is lower than QQQX's 0.92% expense ratio.
Return for Risk
NMCO vs. QQQX — Risk / Return Rank
NMCO
QQQX
NMCO vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Credit Opportunities Fund (NMCO) 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.
| NMCO | QQQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.26 | -0.60 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.87 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.29 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 2.10 | -1.20 |
Martin ratioReturn relative to average drawdown | 2.43 | 10.38 | -7.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NMCO | QQQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.26 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.41 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.46 | -0.43 |
Correlation
The correlation between NMCO and QQQX is 0.24, 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
NMCO vs. QQQX - Dividend Comparison
NMCO's dividend yield for the trailing twelve months is around 7.70%, less than QQQX's 8.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMCO Nuveen Municipal Credit Opportunities Fund | 7.70% | 8.04% | 6.79% | 5.96% | 6.65% | 4.75% | 5.57% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
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
NMCO vs. QQQX - Drawdown Comparison
The maximum NMCO drawdown since its inception was -42.03%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for NMCO and QQQX.
Loading graphics...
Drawdown Indicators
| NMCO | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.03% | -57.25% | +15.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -12.93% | +4.25% |
Max Drawdown (5Y)Largest decline over 5 years | -39.82% | -29.33% | -10.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.96% | — |
Current DrawdownCurrent decline from peak | -11.48% | -0.86% | -10.62% |
Average DrawdownAverage peak-to-trough decline | -16.19% | -8.09% | -8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.61% | +0.65% |
Volatility
NMCO vs. QQQX - Volatility Comparison
The current volatility for Nuveen Municipal Credit Opportunities Fund (NMCO) is 3.52%, while Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) has a volatility of 8.15%. This indicates that NMCO 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.
Loading graphics...
Volatility by Period
| NMCO | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 8.15% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 11.99% | -5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 21.13% | -9.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 19.80% | -5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 21.05% | -1.34% |