QQQX vs. O
QQQX (Nuveen NASDAQ 100 Dynamic Overwrite Fund) is Large Cap Growth Equities fund tracking the Nasdaq 100 Index, while O (Realty Income Corporation) is a stock. Over the past 10 years, QQQX returned 13.53%/yr vs 4.89%/yr for O. At a 0.31 correlation, their price movements are largely independent.
Performance
QQQX vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, QQQX achieves a 10.89% return, which is significantly lower than O's 13.70% return. Over the past 10 years, QQQX has outperformed O with an annualized return of 13.53%, while O has yielded a comparatively lower 4.89% annualized return.
QQQX
- 1D
- 0.19%
- 1M
- 0.78%
- YTD
- 10.89%
- 6M
- 15.29%
- 1Y
- 28.01%
- 3Y*
- 14.71%
- 5Y*
- 8.92%
- 10Y*
- 13.53%
O
- 1D
- 1.31%
- 1M
- 2.40%
- YTD
- 13.70%
- 6M
- 11.57%
- 1Y
- 14.25%
- 3Y*
- 6.59%
- 5Y*
- 3.49%
- 10Y*
- 4.89%
QQQX vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund | 10.89% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 15.75% | 28.83% | -11.68% | 39.19% |
O Realty Income Corporation | 13.70% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between QQQX and O is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | 0.31 |
The correlation between QQQX and O shifts across timeframes, from -0.11 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
QQQX:
$7.57
O:
$1.17
QQQX:
3.75
O:
53.41
QQQX:
0.43
O:
4.35
QQQX:
8.63
O:
7.22
QQQX:
$160.60M
O:
$5.92B
QQQX:
$152.14M
O:
$3.89B
QQQX:
$369.75M
O:
$3.93B
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Return for Risk
QQQX vs. O — Risk / Return Rank
QQQX
O
QQQX vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) and Realty Income Corporation (O). 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 | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 1.29 | +1.80 |
| Martin ratioReturn relative to average drawdown | 13.74 | 3.12 | +10.63 |
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Drawdowns
QQQX vs. O - Drawdown Comparison
The maximum QQQX drawdown since its inception was -57.25%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for QQQX and O.
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Drawdown Indicators
| QQQX | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.25% | -48.45% | -8.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -11.10% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -22.80% | -26.49% | +3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -29.33% | -34.48% | +5.15% |
Max Drawdown (10Y)Largest decline over 10 years | -35.96% | -48.28% | +12.32% |
Current DrawdownCurrent decline from peak | -2.58% | -5.94% | +3.36% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -9.20% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 4.58% | -2.53% |
Volatility
QQQX vs. O - Volatility Comparison
Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) and Realty Income Corporation (O) have volatilities of 5.41% and 5.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQX | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 5.29% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.05% | 11.98% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.71% | 16.21% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.87% | 18.92% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.09% | 25.64% | -4.55% |
Dividends
QQQX vs. O - Dividend Comparison
QQQX's dividend yield for the trailing twelve months is around 7.42%, more than O's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund | 7.42% | 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 O have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQX has higher volatility (5.41%) compared to O (5.29%). In terms of maximum drawdown, QQQX dropped -57.25% vs O's -48.45%.
QQQX currently has the higher Sharpe Ratio (1.91 vs 0.88), 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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