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.
Key characteristics
| QQQX | RDVY | |
|---|---|---|
| YTD Return | 19.61% | 24.39% |
| 1Y Return | 27.46% | 41.42% |
| 3Y Return (Ann) | 2.63% | 9.23% |
| 5Y Return (Ann) | 9.55% | 15.28% |
| 10Y Return (Ann) | 10.04% | 13.40% |
| Sharpe Ratio | 2.09 | 2.75 |
| Sortino Ratio | 2.82 | 3.89 |
| Omega Ratio | 1.37 | 1.50 |
| Calmar Ratio | 1.70 | 4.28 |
| Martin Ratio | 10.42 | 18.55 |
| Ulcer Index | 2.87% | 2.33% |
| Daily Std Dev | 14.21% | 15.71% |
| Max Drawdown | -57.25% | -40.60% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between QQQX and RDVY is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QQQX vs. RDVY - Performance Comparison
In the year-to-date period, QQQX achieves a 19.61% return, which is significantly lower than RDVY's 24.39% return. Over the past 10 years, QQQX has underperformed RDVY with an annualized return of 10.04%, while RDVY has yielded a comparatively higher 13.40% 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. 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 6.39%, more than RDVY's 1.60% 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% |
RDVY First Trust Rising Dividend Achievers ETF | 1.60% | 2.09% | 2.21% | 1.04% | 1.53% | 1.55% | 1.68% | 1.25% | 2.07% | 2.14% | 1.91% | 0.00% |
Drawdowns
QQQX vs. RDVY - Drawdown Comparison
The maximum QQQX drawdown since its inception was -57.25%, 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
The current volatility for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) is 3.64%, while First Trust Rising Dividend Achievers ETF (RDVY) has a volatility of 7.09%. This indicates that QQQX experiences smaller price fluctuations and is considered to be less risky than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.