QQQX vs. PUTW

Last updated Jul 16, 2026

QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) and PUTW (WisdomTree Equity Premium Income Fund) are both Derivative Income funds. QQQX is actively managed, while PUTW is passively managed. A 0.57 correlation means they provide meaningful diversification when combined. QQQX charges 0.89%/yr vs 0.44%/yr for PUTW.

Performance

QQQX vs. PUTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) and WisdomTree Equity Premium Income Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQQX

• 1D: 0.56%
• 1M: -0.07%
• 6M: 12.19%
• YTD: 12.31%
• 1Y: 27.33%
• 3Y*: 15.98%
• 5Y*: 9.17%
• 10Y*: 13.31%

PUTW

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQX vs. PUTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund	12.31%	14.87%	25.61%	21.68%	-27.39%	25.32%	15.75%	28.83%	-11.68%	39.19%
PUTW WisdomTree Equity Premium Income Fund	0.00%	-2.80%	17.19%	14.01%	-11.11%	20.92%	1.67%	13.55%	-8.07%	9.88%

Correlation

The correlation between QQQX and PUTW is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016	0.57

The correlation between QQQX and PUTW has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.

Return for Risk

QQQX vs. PUTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQX

QQQX Risk / Return Rank: 72
QQQX Sharpe Ratio Rank: 65
QQQX Sortino Ratio Rank: 66
QQQX Omega Ratio Rank: 64
QQQX Calmar Ratio Rank: 82
QQQX Martin Ratio Rank: 84

PUTW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQX vs. PUTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) and WisdomTree Equity Premium Income Fund (PUTW). 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	PUTW	Difference
Sharpe ratio: Return per unit of total volatility	1.75	—	—
Sortino ratio: Return per unit of downside risk	2.50	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.01	—	—
Martin ratio: Return relative to average drawdown	11.62	—	—

Drawdowns

Drawdown Indicators

	QQQX	PUTW	Difference
Max Drawdown Largest peak-to-trough decline	-57.25%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.96%	—	—
Current Drawdown Current decline from peak	-1.33%	—	—
Average Drawdown Average peak-to-trough decline	-7.99%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	—	—

Volatility

Volatility by Period

	QQQX	PUTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.05%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.13%	—	—

QQQX vs. PUTW - Expense Ratio Comparison

QQQX has a 0.89% expense ratio, which is higher than PUTW's 0.44% expense ratio.

Dividends

QQQX vs. PUTW - Dividend Comparison

QQQX's dividend yield for the trailing twelve months is around 8.09%, while PUTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PUTW WisdomTree Equity Premium Income Fund	0.00%	4.16%	11.99%	7.63%	2.16%	0.00%	1.43%	1.47%	5.49%	3.33%	2.27%	0.00%
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund	8.09%	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

Can I hold both QQQX and PUTW in my portfolio?

QQQX and PUTW have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.