QQQX vs. PMT
Compare and contrast key facts about Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) and PennyMac Mortgage Investment Trust (PMT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQX or PMT.
Key characteristics
| QQQX | PMT | |
|---|---|---|
| YTD Return | 19.43% | -3.85% |
| 1Y Return | 27.26% | 9.33% |
| 3Y Return (Ann) | 2.57% | 0.56% |
| 5Y Return (Ann) | 9.49% | 0.35% |
| 10Y Return (Ann) | 10.02% | 6.29% |
| Sharpe Ratio | 1.92 | 0.38 |
| Sortino Ratio | 2.61 | 0.62 |
| Omega Ratio | 1.34 | 1.09 |
| Calmar Ratio | 1.55 | 0.61 |
| Martin Ratio | 9.51 | 1.28 |
| Ulcer Index | 2.87% | 6.90% |
| Daily Std Dev | 14.18% | 23.49% |
| Max Drawdown | -57.25% | -75.90% |
| Current Drawdown | -0.15% | -8.79% |
Fundamentals
| QQQX | PMT |
|---|
Correlation
The correlation between QQQX and PMT is 0.37, 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.
Performance
QQQX vs. PMT - Performance Comparison
In the year-to-date period, QQQX achieves a 19.43% return, which is significantly higher than PMT's -3.85% return. Over the past 10 years, QQQX has outperformed PMT with an annualized return of 10.02%, while PMT has yielded a comparatively lower 6.29% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
QQQX vs. PMT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) and PennyMac Mortgage Investment Trust (PMT). 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.
Dividends
QQQX vs. PMT - Dividend Comparison
QQQX's dividend yield for the trailing twelve months is around 6.40%, less than PMT's 12.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 6.40% | 7.26% | 9.65% | 5.86% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% | 6.79% |
PMT PennyMac Mortgage Investment Trust | 12.12% | 10.70% | 14.61% | 10.85% | 8.64% | 8.43% | 10.10% | 11.70% | 11.48% | 14.15% | 14.18% | 9.93% |
Drawdowns
QQQX vs. PMT - Drawdown Comparison
The maximum QQQX drawdown since its inception was -57.25%, smaller than the maximum PMT drawdown of -75.90%. Use the drawdown chart below to compare losses from any high point for QQQX and PMT. For additional features, visit the drawdowns tool.
Volatility
QQQX vs. PMT - Volatility Comparison
The current volatility for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) is 3.63%, while PennyMac Mortgage Investment Trust (PMT) has a volatility of 4.92%. This indicates that QQQX experiences smaller price fluctuations and is considered to be less risky than PMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
QQQX vs. PMT - Financials Comparison
This section allows you to compare key financial metrics between Nuveen Nasdaq 100 Dynamic Overwrite Fund and PennyMac Mortgage Investment Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities