QQQX vs. GIDHX
QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) and GIDHX (Goldman Sachs International Equity Dividend and Premium Fund) are both Derivative Income funds. Over the past 10 years, QQQX returned 13.04%/yr vs 6.95%/yr for GIDHX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.89% expense ratio.
Performance
QQQX vs. GIDHX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QQQX having a 12.49% return and GIDHX slightly higher at 12.64%. Over the past 10 years, QQQX has outperformed GIDHX with an annualized return of 13.04%, while GIDHX has yielded a comparatively lower 6.95% annualized return.
QQQX
- 1D
- 1.90%
- 1M
- 1.83%
- 6M
- 15.57%
- YTD
- 12.49%
- 1Y
- 25.62%
- 3Y*
- 17.82%
- 5Y*
- 9.00%
- 10Y*
- 13.04%
- ALL TIME*
- 11.09%
GIDHX
- 1D
- 0.32%
- 1M
- 3.18%
- 6M
- 6.51%
- YTD
- 12.64%
- 1Y
- 22.54%
- 3Y*
- 14.62%
- 5Y*
- 7.43%
- 10Y*
- 6.95%
- ALL TIME*
- 6.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.45M | $3.62M | $3.37M |
QQQX vs. GIDHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 12.49% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 15.75% | 28.83% | -11.68% | 39.19% |
GIDHX Goldman Sachs International Equity Dividend and Premium Fund | 12.64% | 28.92% | -2.17% | 16.16% | -13.41% | 9.36% | 1.20% | 14.82% | -12.96% | 23.84% |
Correlation
The correlation between QQQX and GIDHX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.59 |
The correlation between QQQX and GIDHX has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
QQQX vs. GIDHX — Risk / Return Rank
QQQX
GIDHX
QQQX vs. GIDHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) and Goldman Sachs International Equity Dividend and Premium Fund (GIDHX). 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.
| QQQX | GIDHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.99 | -0.17 |
| Martin ratioReturn relative to average drawdown | 9.98 | 12.05 | -2.08 |
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Drawdowns
QQQX vs. GIDHX - Drawdown Comparison
The maximum QQQX drawdown since its inception was -57.25%, which is greater than GIDHX's maximum drawdown of -36.19%. Use the drawdown chart below to compare losses from any high point for QQQX and GIDHX.
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Drawdown Indicators
| QQQX | GIDHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.25% | -36.19% | -21.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -8.14% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -22.80% | -12.88% | -9.92% |
Max Drawdown (5Y)Largest decline over 5 years | -29.33% | -28.46% | -0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -35.96% | -36.19% | +0.23% |
Current DrawdownCurrent decline from peak | -1.17% | -0.53% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -8.11% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.01% | +0.56% |
Volatility
QQQX vs. GIDHX - Volatility Comparison
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a higher volatility of 5.56% compared to Goldman Sachs International Equity Dividend and Premium Fund (GIDHX) at 3.69%. This indicates that QQQX's price experiences larger fluctuations and is considered to be riskier than GIDHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQX | GIDHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 3.69% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 11.58% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.44% | 13.68% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.16% | 14.86% | +5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.19% | 15.18% | +6.01% |
QQQX vs. GIDHX - Expense Ratio Comparison
Both QQQX and GIDHX have an expense ratio of 0.89%.
Dividends
QQQX vs. GIDHX - Dividend Comparison
QQQX's dividend yield for the trailing twelve months is around 8.07%, more than GIDHX's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIDHX Goldman Sachs International Equity Dividend and Premium Fund | 2.87% | 2.58% | 3.27% | 3.56% | 0.58% | 3.09% | 2.65% | 3.24% | 3.42% | 2.54% | 3.08% | 4.13% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.07% | 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
QQQX and GIDHX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQX has higher volatility (5.56%) compared to GIDHX (3.69%). In terms of maximum drawdown, QQQX dropped -57.25% vs GIDHX's -36.19%.
GIDHX currently has the higher Sharpe Ratio (1.78 vs 1.57), 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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