QQQX vs. RDVY
Compare and contrast key facts about Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) and First Trust Rising Dividend Achievers ETF (RDVY).
RDVY is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Rising Dividend Achievers. It was launched on Jan 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQX or RDVY.
Correlation
The correlation between QQQX and RDVY is 0.75, 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. RDVY - Performance Comparison
Key characteristics
QQQX:
0.54
RDVY:
0.35
QQQX:
0.88
RDVY:
0.65
QQQX:
1.13
RDVY:
1.09
QQQX:
0.52
RDVY:
0.38
QQQX:
1.96
RDVY:
1.41
QQQX:
6.03%
RDVY:
5.17%
QQQX:
21.95%
RDVY:
20.77%
QQQX:
-57.24%
RDVY:
-40.60%
QQQX:
-13.88%
RDVY:
-10.94%
Returns By Period
In the year-to-date period, QQQX achieves a -11.59% return, which is significantly lower than RDVY's -3.53% return. Over the past 10 years, QQQX has underperformed RDVY with an annualized return of 9.57%, while RDVY has yielded a comparatively higher 11.73% annualized return.
QQQX
-11.59%
-5.50%
-3.45%
10.50%
9.63%
9.57%
RDVY
-3.53%
-4.77%
-3.64%
6.08%
17.60%
11.73%
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Risk-Adjusted Performance
QQQX vs. RDVY — Risk-Adjusted Performance Rank
QQQX
RDVY
QQQX vs. RDVY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) and First Trust Rising Dividend Achievers ETF (RDVY). 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. RDVY - Dividend Comparison
QQQX's dividend yield for the trailing twelve months is around 8.39%, more than RDVY's 1.77% 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% |
RDVY First Trust Rising Dividend Achievers ETF | 1.77% | 1.65% | 2.09% | 2.21% | 1.04% | 1.53% | 1.55% | 1.68% | 1.25% | 2.07% | 2.14% | 1.91% |
Drawdowns
QQQX vs. RDVY - Drawdown Comparison
The maximum QQQX drawdown since its inception was -57.24%, which is greater than RDVY's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for QQQX and RDVY. For additional features, visit the drawdowns tool.
Volatility
QQQX vs. RDVY - Volatility Comparison
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a higher volatility of 16.18% compared to First Trust Rising Dividend Achievers ETF (RDVY) at 13.67%. This indicates that QQQX's price experiences larger fluctuations and is considered to be riskier than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.