OXY vs. QQQX
Compare and contrast key facts about Occidental Petroleum Corporation (OXY) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OXY or QQQX.
Performance
OXY vs. QQQX - Performance Comparison
Returns By Period
In the year-to-date period, OXY achieves a -14.36% return, which is significantly lower than QQQX's 17.02% return. Over the past 10 years, OXY has underperformed QQQX with an annualized return of -1.95%, while QQQX has yielded a comparatively higher 9.77% annualized return.
OXY
-14.36%
-2.15%
-19.85%
-15.85%
7.45%
-1.95%
QQQX
17.02%
1.98%
11.60%
20.76%
9.00%
9.77%
Fundamentals
| OXY | QQQX |
|---|
Key characteristics
| OXY | QQQX | |
|---|---|---|
| Sharpe Ratio | -0.70 | 1.54 |
| Sortino Ratio | -0.89 | 2.13 |
| Omega Ratio | 0.90 | 1.28 |
| Calmar Ratio | -0.45 | 1.45 |
| Martin Ratio | -1.08 | 7.65 |
| Ulcer Index | 13.87% | 2.87% |
| Daily Std Dev | 21.37% | 14.23% |
| Max Drawdown | -88.42% | -57.25% |
| Current Drawdown | -31.85% | -2.17% |
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Correlation
The correlation between OXY and QQQX is 0.36, 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.
Risk-Adjusted Performance
OXY vs. QQQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Occidental Petroleum Corporation (OXY) 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.
Dividends
OXY vs. QQQX - Dividend Comparison
OXY's dividend yield for the trailing twelve months is around 1.66%, less than QQQX's 6.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXY Occidental Petroleum Corporation | 1.66% | 1.21% | 0.83% | 0.14% | 4.74% | 7.62% | 5.05% | 4.15% | 4.24% | 4.39% | 3.46% | 2.69% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 6.53% | 7.26% | 9.65% | 5.86% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% | 6.79% |
Drawdowns
OXY vs. QQQX - Drawdown Comparison
The maximum OXY drawdown since its inception was -88.42%, which is greater than QQQX's maximum drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for OXY and QQQX. For additional features, visit the drawdowns tool.
Volatility
OXY vs. QQQX - Volatility Comparison
Occidental Petroleum Corporation (OXY) has a higher volatility of 5.26% compared to Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) at 4.03%. This indicates that OXY's price experiences larger fluctuations and is considered to be riskier than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
OXY vs. QQQX - Financials Comparison
This section allows you to compare key financial metrics between Occidental Petroleum Corporation and Nuveen Nasdaq 100 Dynamic Overwrite Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities