NXDT vs. QQQ
NXDT (NexPoint Strategic Opportunities Fund) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 3 years, NXDT returned -14.57%/yr vs 25.87%/yr for QQQ. At a 0.32 correlation, their price movements are largely independent.
Performance
NXDT vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, NXDT achieves a 28.32% return, which is significantly higher than QQQ's 15.95% return.
NXDT
- 1D
- -0.65%
- 1M
- 0.00%
- YTD
- 28.32%
- 6M
- 26.66%
- 1Y
- 33.03%
- 3Y*
- -14.57%
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- -0.42%
- 1M
- -0.86%
- YTD
- 15.95%
- 6M
- 14.16%
- 1Y
- 32.28%
- 3Y*
- 25.87%
- 5Y*
- 15.94%
- 10Y*
- 22.01%
NXDT vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NXDT NexPoint Strategic Opportunities Fund | 28.32% | -25.84% | -15.05% | -24.89% | -13.96% | -6.32% |
QQQ Invesco QQQ ETF | 15.95% | 20.77% | 25.58% | 54.86% | -32.58% | -0.06% |
Correlation
The correlation between NXDT and QQQ is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2021 | 0.32 |
The correlation between NXDT and QQQ shifts across timeframes, from 0.22 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NXDT vs. QQQ — Risk / Return Rank
NXDT
QQQ
NXDT vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Strategic Opportunities Fund (NXDT) and Invesco QQQ ETF (QQQ). 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.
| NXDT | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 2.71 | -2.00 |
| Martin ratioReturn relative to average drawdown | 1.60 | 10.01 | -8.41 |
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Drawdowns
NXDT vs. QQQ - Drawdown Comparison
The maximum NXDT drawdown since its inception was -79.33%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for NXDT and QQQ.
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Drawdown Indicators
| NXDT | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.33% | -82.97% | +3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -46.65% | -11.96% | -34.69% |
Max Drawdown (3Y)Largest decline over 3 years | -73.14% | -22.77% | -50.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -60.16% | -4.66% | -55.50% |
Average DrawdownAverage peak-to-trough decline | -45.14% | -32.72% | -12.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.64% | 3.23% | +17.41% |
Volatility
NXDT vs. QQQ - Volatility Comparison
NexPoint Strategic Opportunities Fund (NXDT) has a higher volatility of 16.23% compared to Invesco QQQ ETF (QQQ) at 9.17%. This indicates that NXDT's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXDT | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.23% | 9.17% | +7.06% |
Volatility (6M)Calculated over the trailing 6-month period | 43.11% | 14.54% | +28.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.87% | 17.95% | +43.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.23% | 22.69% | +22.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.23% | 22.41% | +22.82% |
Dividends
NXDT vs. QQQ - Dividend Comparison
NXDT's dividend yield for the trailing twelve months is around 12.99%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXDT NexPoint Strategic Opportunities Fund | 12.99% | 15.67% | 9.84% | 7.55% | 5.35% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.43% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
NXDT and QQQ have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXDT has higher volatility (16.23%) compared to QQQ (9.17%). In terms of maximum drawdown, NXDT dropped -79.33% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.81 vs 0.54), 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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