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:
1.59
QQQ:
1.27
QQQX:
2.17
QQQ:
1.74
QQQX:
1.28
QQQ:
1.23
QQQX:
1.75
QQQ:
1.71
QQQX:
7.98
QQQ:
5.92
QQQX:
2.93%
QQQ:
3.93%
QQQX:
14.74%
QQQ:
18.36%
QQQX:
-57.24%
QQQ:
-82.98%
QQQX:
-2.95%
QQQ:
-1.50%
Returns By Period
In the year-to-date period, QQQX achieves a -0.37% return, which is significantly lower than QQQ's 3.52% return. Over the past 10 years, QQQX has underperformed QQQ with an annualized return of 11.15%, while QQQ has yielded a comparatively higher 18.34% annualized return.
QQQX
-0.37%
1.39%
17.30%
21.94%
9.14%
11.15%
QQQ
3.52%
4.35%
17.61%
21.82%
18.54%
18.34%
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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 6.75%, more than QQQ's 0.54% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 6.75% | 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 | 0.54% | 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 4.67%, while Invesco QQQ (QQQ) has a volatility of 5.60%. 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.