Correlation
The correlation between PQIPX and SPXX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
PQIPX vs. SPXX
Compare and contrast key facts about PIMCO Dividend and Income Fund (PQIPX) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX).
PQIPX is managed by PIMCO. It was launched on Dec 13, 2011. SPXX is an actively managed fund by Nuveen. It was launched on Nov 23, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PQIPX or SPXX.
Performance
PQIPX vs. SPXX - Performance Comparison
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Key characteristics
PQIPX:
1.51
SPXX:
0.94
PQIPX:
1.88
SPXX:
1.33
PQIPX:
1.28
SPXX:
1.20
PQIPX:
1.55
SPXX:
0.93
PQIPX:
7.42
SPXX:
3.92
PQIPX:
1.44%
SPXX:
4.21%
PQIPX:
7.95%
SPXX:
18.55%
PQIPX:
-33.13%
SPXX:
-52.39%
PQIPX:
-0.60%
SPXX:
-5.23%
Returns By Period
In the year-to-date period, PQIPX achieves a 6.65% return, which is significantly higher than SPXX's -1.71% return. Over the past 10 years, PQIPX has underperformed SPXX with an annualized return of 5.07%, while SPXX has yielded a comparatively higher 9.28% annualized return.
PQIPX
6.65%
1.53%
4.62%
11.61%
8.93%
12.61%
5.07%
SPXX
-1.71%
4.40%
2.33%
16.41%
10.73%
13.68%
9.28%
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PQIPX vs. SPXX - Expense Ratio Comparison
PQIPX has a 0.81% expense ratio, which is lower than SPXX's 0.89% expense ratio.
Risk-Adjusted Performance
PQIPX vs. SPXX — Risk-Adjusted Performance Rank
PQIPX
SPXX
PQIPX vs. SPXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dividend and Income Fund (PQIPX) 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.
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Dividends
PQIPX vs. SPXX - Dividend Comparison
PQIPX's dividend yield for the trailing twelve months is around 4.88%, less than SPXX's 7.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQIPX PIMCO Dividend and Income Fund | 4.88% | 5.12% | 4.49% | 5.51% | 3.96% | 2.68% | 3.80% | 3.74% | 2.70% | 3.46% | 12.20% | 6.75% |
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 7.39% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.70% | 6.81% | 7.75% | 7.30% |
Drawdowns
PQIPX vs. SPXX - Drawdown Comparison
The maximum PQIPX drawdown since its inception was -33.13%, smaller than the maximum SPXX drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for PQIPX and SPXX.
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Volatility
PQIPX vs. SPXX - Volatility Comparison
The current volatility for PIMCO Dividend and Income Fund (PQIPX) is 1.64%, while Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) has a volatility of 4.13%. This indicates that PQIPX 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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