QQQX vs. QQQ
Compare and contrast key facts about Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQX or QQQ.
Correlation
The correlation between QQQX and QQQ is 0.76, 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.
Performance
QQQX vs. QQQ - Performance Comparison
Key characteristics
QQQX:
0.50
QQQ:
0.14
QQQX:
0.77
QQQ:
0.31
QQQX:
1.10
QQQ:
1.04
QQQX:
0.59
QQQ:
0.17
QQQX:
1.78
QQQ:
0.53
QQQX:
4.46%
QQQ:
5.24%
QQQX:
15.93%
QQQ:
20.34%
QQQX:
-57.24%
QQQ:
-82.98%
QQQX:
-11.34%
QQQ:
-16.35%
Returns By Period
In the year-to-date period, QQQX achieves a -8.98% return, which is significantly higher than QQQ's -11.72% return. Over the past 10 years, QQQX has underperformed QQQ with an annualized return of 10.27%, while QQQ has yielded a comparatively higher 16.52% annualized return.
QQQX
-8.98%
-3.10%
-0.12%
8.86%
13.65%
10.27%
QQQ
-11.72%
-8.92%
-6.13%
2.56%
20.53%
16.52%
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Risk-Adjusted Performance
QQQX vs. QQQ — Risk-Adjusted Performance Rank
QQQX
QQQ
QQQX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
QQQX's dividend yield for the trailing twelve months is around 8.15%, more than QQQ's 0.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.15% | 6.73% | 7.26% | 9.65% | 5.86% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% |
QQQ Invesco QQQ | 0.66% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
QQQX vs. QQQ - Drawdown Comparison
The maximum QQQX drawdown since its inception was -57.24%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQQX and QQQ. For additional features, visit the drawdowns tool.
Volatility
QQQX vs. QQQ - Volatility Comparison
The current volatility for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) is 6.37%, while Invesco QQQ (QQQ) has a volatility of 9.26%. This indicates that QQQX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.