PLBEX vs. QQQX

Last updated Jun 4, 2026

PLBEX (Plumb Equity Fund) and QQQX (Nuveen NASDAQ 100 Dynamic Overwrite Fund) are both Large Cap Growth Equities funds. Over the past 10 years, PLBEX returned 13.81%/yr vs 13.48%/yr for QQQX. A 0.73 correlation means they provide meaningful diversification when combined. PLBEX charges 1.19%/yr vs 0.92%/yr for QQQX.

Performance

PLBEX vs. QQQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Plumb Equity Fund (PLBEX) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PLBEX having a 11.51% return and QQQX slightly higher at 11.82%. Both investments have delivered pretty close results over the past 10 years, with PLBEX having a 13.81% annualized return and QQQX not far behind at 13.48%.

PLBEX

• 1D: -0.34%
• 1M: 8.09%
• YTD: 11.51%
• 6M: 11.06%
• 1Y: 23.47%
• 3Y*: 18.41%
• 5Y*: 7.95%
• 10Y*: 13.81%

QQQX

• 1D: -1.58%
• 1M: 3.52%
• YTD: 11.82%
• 6M: 15.23%
• 1Y: 33.66%
• 3Y*: 16.49%
• 5Y*: 9.58%
• 10Y*: 13.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PLBEX vs. QQQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLBEX Plumb Equity Fund	11.51%	10.58%	18.01%	42.77%	-32.91%	3.44%	32.39%	33.00%	-2.43%	39.86%
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund	11.82%	14.87%	25.61%	21.68%	-27.39%	25.32%	15.75%	28.83%	-11.68%	39.19%

Correlation

The correlation between PLBEX and QQQX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since May 25, 2007	0.73

The correlation between PLBEX and QQQX has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.

Return for Risk

PLBEX vs. QQQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLBEX

PLBEX Risk / Return Rank: 21
PLBEX Sharpe Ratio Rank: 23
PLBEX Sortino Ratio Rank: 22
PLBEX Omega Ratio Rank: 22
PLBEX Calmar Ratio Rank: 18
PLBEX Martin Ratio Rank: 20

QQQX

QQQX Risk / Return Rank: 71
QQQX Sharpe Ratio Rank: 61
QQQX Sortino Ratio Rank: 63
QQQX Omega Ratio Rank: 60
QQQX Calmar Ratio Rank: 81
QQQX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PLBEX vs. QQQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Plumb Equity Fund (PLBEX) 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.

	PLBEX	QQQX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	2.30	-0.92
Sortino ratio: Return per unit of downside risk	1.98	3.33	-1.36
Omega ratio: Gain probability vs. loss probability	1.25	1.43	-0.18
Calmar ratio: Return relative to maximum drawdown	1.53	3.71	-2.18
Martin ratio: Return relative to average drawdown	5.13	17.36	-12.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLBEX vs. QQQX - Sharpe Ratio Comparison

The current PLBEX Sharpe Ratio is 1.38, which is lower than the QQQX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of PLBEX and QQQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLBEX	QQQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	2.30	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.49	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.64	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.48	-0.10

Drawdowns

PLBEX vs. QQQX - Drawdown Comparison

The maximum PLBEX drawdown since its inception was -52.48%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for PLBEX and QQQX.

Drawdown Indicators

	PLBEX	QQQX	Difference
Max Drawdown Largest peak-to-trough decline	-52.48%	-57.25%	+4.77%
Max Drawdown (1Y) Largest decline over 1 year	-16.06%	-9.11%	-6.95%
Max Drawdown (3Y) Largest decline over 3 years	-23.05%	-22.80%	-0.25%
Max Drawdown (5Y) Largest decline over 5 years	-43.69%	-29.33%	-14.36%
Max Drawdown (10Y) Largest decline over 10 years	-43.69%	-35.96%	-7.73%
Current Drawdown Current decline from peak	-0.34%	-1.76%	+1.42%
Average Drawdown Average peak-to-trough decline	-11.90%	-8.02%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.79%	1.94%	+2.85%

Volatility

PLBEX vs. QQQX - Volatility Comparison

Plumb Equity Fund (PLBEX) has a higher volatility of 6.42% compared to Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) at 4.28%. This indicates that PLBEX'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.

Volatility by Period

	PLBEX	QQQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.42%	4.28%	+2.14%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	11.57%	+2.49%
Volatility (1Y) Calculated over the trailing 1-year period	17.84%	14.69%	+3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.08%	19.82%	+3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.23%	21.07%	+2.16%

PLBEX vs. QQQX - Expense Ratio Comparison

PLBEX has a 1.19% expense ratio, which is higher than QQQX's 0.92% expense ratio.

Dividends

PLBEX vs. QQQX - Dividend Comparison

PLBEX's dividend yield for the trailing twelve months is around 4.44%, less than QQQX's 7.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLBEX Plumb Equity Fund	4.44%	4.96%	0.58%	0.00%	11.55%	25.39%	9.27%	4.24%	14.87%	12.93%	1.07%	12.02%
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund	7.36%	7.85%	6.73%	7.26%	9.66%	5.85%	6.00%	6.49%	8.40%	5.95%	7.54%	7.23%

Frequently Asked Questions

Can I hold both PLBEX and QQQX in my portfolio?

PLBEX and QQQX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLBEX or QQQX?

PLBEX has higher volatility (6.42%) compared to QQQX (4.28%). In terms of maximum drawdown, PLBEX dropped -52.48% vs QQQX's -57.25%.

Which has better risk-adjusted returns?

QQQX currently has the higher Sharpe Ratio (2.30 vs 1.38), 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.