NSIOX vs. SPXX
Compare and contrast key facts about Nuveen Strategic Municipal Opportunities Fund (NSIOX) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX).
NSIOX is managed by Nuveen. It was launched on Dec 15, 2014. SPXX is an actively managed fund by Nuveen. It was launched on Nov 23, 2005.
Performance
NSIOX vs. SPXX - Performance Comparison
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NSIOX vs. SPXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSIOX Nuveen Strategic Municipal Opportunities Fund | -0.07% | 3.19% | 4.61% | 7.17% | -13.81% | 5.21% | 6.82% | 10.07% | 3.31% | 9.77% |
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | -7.83% | 9.78% | 27.10% | 0.85% | -6.92% | 29.03% | -0.37% | 25.36% | -13.42% | 27.92% |
Returns By Period
In the year-to-date period, NSIOX achieves a -0.07% return, which is significantly higher than SPXX's -7.83% return. Over the past 10 years, NSIOX has underperformed SPXX with an annualized return of 3.13%, while SPXX has yielded a comparatively higher 9.25% annualized return.
NSIOX
- 1D
- 0.60%
- 1M
- -1.83%
- YTD
- -0.07%
- 6M
- 1.30%
- 1Y
- 2.71%
- 3Y*
- 3.99%
- 5Y*
- 0.75%
- 10Y*
- 3.13%
SPXX
- 1D
- 1.43%
- 1M
- -6.59%
- YTD
- -7.83%
- 6M
- -3.93%
- 1Y
- 3.85%
- 3Y*
- 9.58%
- 5Y*
- 7.13%
- 10Y*
- 9.25%
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NSIOX vs. SPXX - Expense Ratio Comparison
NSIOX has a 0.56% expense ratio, which is lower than SPXX's 0.89% expense ratio.
Return for Risk
NSIOX vs. SPXX — Risk / Return Rank
NSIOX
SPXX
NSIOX vs. SPXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Strategic Municipal Opportunities Fund (NSIOX) 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.
| NSIOX | SPXX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 0.22 | +0.37 |
Sortino ratioReturn per unit of downside risk | 0.80 | 0.44 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.06 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 0.32 | +0.46 |
Martin ratioReturn relative to average drawdown | 2.20 | 1.11 | +1.09 |
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
| NSIOX | SPXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.22 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.45 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.50 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.36 | +0.39 |
Correlation
The correlation between NSIOX and SPXX is 0.01, 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
NSIOX vs. SPXX - Dividend Comparison
NSIOX's dividend yield for the trailing twelve months is around 4.63%, less than SPXX's 8.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSIOX Nuveen Strategic Municipal Opportunities Fund | 4.63% | 4.53% | 3.91% | 3.85% | 4.20% | 4.25% | 2.88% | 3.25% | 3.12% | 3.22% | 4.09% | 2.48% |
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 8.28% | 7.48% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.69% | 5.14% | 7.75% |
Drawdowns
NSIOX vs. SPXX - Drawdown Comparison
The maximum NSIOX drawdown since its inception was -18.38%, smaller than the maximum SPXX drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for NSIOX and SPXX.
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Drawdown Indicators
| NSIOX | SPXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -52.39% | +34.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -13.00% | +7.80% |
Max Drawdown (5Y)Largest decline over 5 years | -18.38% | -18.09% | -0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -18.38% | -43.99% | +25.61% |
Current DrawdownCurrent decline from peak | -2.12% | -9.24% | +7.12% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -7.51% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 3.75% | -1.92% |
Volatility
NSIOX vs. SPXX - Volatility Comparison
The current volatility for Nuveen Strategic Municipal Opportunities Fund (NSIOX) is 1.25%, while Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) has a volatility of 4.96%. This indicates that NSIOX experiences smaller price fluctuations and is considered to be less risky than SPXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NSIOX | SPXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 4.96% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 9.29% | -7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.23% | 17.96% | -12.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 15.80% | -11.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 18.39% | -13.71% |