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.
Key characteristics
| QQQX | QQQ | |
|---|---|---|
| YTD Return | 19.61% | 25.63% |
| 1Y Return | 25.53% | 33.85% |
| 3Y Return (Ann) | 2.62% | 9.83% |
| 5Y Return (Ann) | 9.50% | 21.21% |
| 10Y Return (Ann) | 10.04% | 18.37% |
| Sharpe Ratio | 1.94 | 2.12 |
| Sortino Ratio | 2.62 | 2.79 |
| Omega Ratio | 1.35 | 1.38 |
| Calmar Ratio | 1.68 | 2.71 |
| Martin Ratio | 9.58 | 9.88 |
| Ulcer Index | 2.87% | 3.72% |
| Daily Std Dev | 14.18% | 17.31% |
| Max Drawdown | -57.25% | -82.98% |
| Current Drawdown | 0.00% | -0.37% |
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
In the year-to-date period, QQQX achieves a 19.61% return, which is significantly lower than QQQ's 25.63% return. Over the past 10 years, QQQX has underperformed QQQ with an annualized return of 10.04%, while QQQ has yielded a comparatively higher 18.37% 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. 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 6.39%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 6.39% | 7.26% | 9.65% | 5.86% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% | 6.79% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
QQQX vs. QQQ - Drawdown Comparison
The maximum QQQX drawdown since its inception was -57.25%, 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 3.50%, while Invesco QQQ (QQQ) has a volatility of 4.91%. 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.