PMT vs. QQQX
Compare and contrast key facts about PennyMac Mortgage Investment Trust (PMT) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX).
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
PMT vs. QQQX - Performance Comparison
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PMT vs. QQQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMT PennyMac Mortgage Investment Trust | -6.14% | 13.23% | -5.38% | 36.11% | -18.07% | 8.47% | -12.99% | 30.33% | 28.04% | 9.42% |
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund | -0.51% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 15.75% | 28.83% | -11.68% | 39.19% |
Fundamentals
PMT:
$1.03B
QQQX:
$1.39B
PMT:
$1.47
QQQX:
$7.57
PMT:
8.02
QQQX:
3.75
PMT:
0.06
QQQX:
0.43
PMT:
0.82
QQQX:
8.63
PMT:
0.76
QQQX:
1.01
PMT:
$1.25B
QQQX:
$160.60M
PMT:
$1.11B
QQQX:
$152.14M
PMT:
$1.30B
QQQX:
$369.75M
Returns By Period
In the year-to-date period, PMT achieves a -6.14% return, which is significantly lower than QQQX's -0.51% return. Over the past 10 years, PMT has underperformed QQQX with an annualized return of 10.12%, while QQQX has yielded a comparatively higher 11.87% annualized return.
PMT
- 1D
- 1.03%
- 1M
- -3.36%
- YTD
- -6.14%
- 6M
- 0.42%
- 1Y
- -8.41%
- 3Y*
- 11.21%
- 5Y*
- 1.37%
- 10Y*
- 10.12%
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%
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Return for Risk
PMT vs. QQQX — Risk / Return Rank
PMT
QQQX
PMT vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennyMac Mortgage Investment Trust (PMT) 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.
| PMT | QQQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.30 | 1.26 | -1.56 |
Sortino ratioReturn per unit of downside risk | -0.22 | 1.87 | -2.09 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.29 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | 2.10 | -2.56 |
Martin ratioReturn relative to average drawdown | -0.86 | 10.38 | -11.24 |
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
| PMT | QQQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 1.26 | -1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.41 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.57 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.46 | -0.25 |
Correlation
The correlation between PMT 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.
Dividends
PMT vs. QQQX - Dividend Comparison
PMT's dividend yield for the trailing twelve months is around 13.58%, more than QQQX's 8.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMT PennyMac Mortgage Investment Trust | 13.58% | 12.75% | 12.71% | 10.70% | 14.61% | 10.85% | 8.64% | 8.43% | 10.10% | 11.70% | 11.48% | 14.15% |
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
PMT vs. QQQX - Drawdown Comparison
The maximum PMT drawdown since its inception was -75.90%, which is greater than QQQX's maximum drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for PMT and QQQX.
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Drawdown Indicators
| PMT | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.90% | -57.25% | -18.65% |
Max Drawdown (1Y)Largest decline over 1 year | -18.90% | -12.93% | -5.97% |
Max Drawdown (5Y)Largest decline over 5 years | -39.81% | -29.33% | -10.48% |
Max Drawdown (10Y)Largest decline over 10 years | -75.90% | -35.96% | -39.94% |
Current DrawdownCurrent decline from peak | -14.70% | -0.86% | -13.84% |
Average DrawdownAverage peak-to-trough decline | -11.52% | -8.09% | -3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.06% | 2.61% | +7.45% |
Volatility
PMT vs. QQQX - Volatility Comparison
The current volatility for PennyMac Mortgage Investment Trust (PMT) is 5.89%, while Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) has a volatility of 8.15%. This indicates that PMT 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.
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Volatility by Period
| PMT | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 8.15% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 20.69% | 11.99% | +8.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.98% | 21.13% | +6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.20% | 19.80% | +9.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.04% | 21.05% | +23.99% |