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 0.73, 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:
0.54
QQQ:
0.49
QQQX:
0.88
QQQ:
0.85
QQQX:
1.13
QQQ:
1.12
QQQX:
0.52
QQQ:
0.54
QQQX:
1.96
QQQ:
1.86
QQQX:
6.03%
QQQ:
6.59%
QQQX:
21.95%
QQQ:
25.26%
QQQX:
-57.24%
QQQ:
-82.98%
QQQX:
-13.88%
QQQ:
-13.25%
Returns By Period
In the year-to-date period, QQQX achieves a -11.59% return, which is significantly lower than QQQ's -8.45% return. Over the past 10 years, QQQX has underperformed QQQ with an annualized return of 9.57%, while QQQ has yielded a comparatively higher 16.49% annualized return.
QQQX
-11.59%
-5.50%
-3.45%
10.50%
9.63%
9.57%
QQQ
-8.45%
-5.29%
-4.78%
10.24%
17.72%
16.49%
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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 8.39%, more than QQQ's 0.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.39% | 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 | 0.64% | 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
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) and Invesco QQQ (QQQ) have volatilities of 16.18% and 16.89%, 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.