RDVY vs. QQQX
Compare and contrast key facts about First Trust Rising Dividend Achievers ETF (RDVY) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX).
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: RDVY or QQQX.
Key characteristics
| RDVY | QQQX | |
|---|---|---|
| YTD Return | 23.04% | 19.34% |
| 1Y Return | 41.62% | 29.57% |
| 3Y Return (Ann) | 9.06% | 2.52% |
| 5Y Return (Ann) | 14.83% | 9.66% |
| 10Y Return (Ann) | 13.27% | 9.93% |
| Sharpe Ratio | 2.58 | 1.87 |
| Sortino Ratio | 3.69 | 2.54 |
| Omega Ratio | 1.47 | 1.33 |
| Calmar Ratio | 3.68 | 1.41 |
| Martin Ratio | 17.42 | 9.42 |
| Ulcer Index | 2.33% | 2.87% |
| Daily Std Dev | 15.71% | 14.44% |
| Max Drawdown | -40.60% | -57.25% |
| Current Drawdown | -0.90% | 0.00% |
Correlation
The correlation between RDVY and QQQX 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
RDVY vs. QQQX - Performance Comparison
In the year-to-date period, RDVY achieves a 23.04% return, which is significantly higher than QQQX's 19.34% return. Over the past 10 years, RDVY has outperformed QQQX with an annualized return of 13.27%, while QQQX has yielded a comparatively lower 9.93% 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
RDVY vs. QQQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Rising Dividend Achievers ETF (RDVY) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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
RDVY vs. QQQX - Dividend Comparison
RDVY's dividend yield for the trailing twelve months is around 1.62%, less than QQQX's 6.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDVY First Trust Rising Dividend Achievers ETF | 1.62% | 2.09% | 2.21% | 1.04% | 1.53% | 1.55% | 1.68% | 1.25% | 2.07% | 2.14% | 1.91% | 0.00% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 6.40% | 7.26% | 9.65% | 5.86% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% | 6.79% |
Drawdowns
RDVY vs. QQQX - Drawdown Comparison
The maximum RDVY drawdown since its inception was -40.60%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for RDVY and QQQX. For additional features, visit the drawdowns tool.
Volatility
RDVY vs. QQQX - Volatility Comparison
First Trust Rising Dividend Achievers ETF (RDVY) has a higher volatility of 7.14% compared to Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) at 3.64%. This indicates that RDVY's price experiences larger fluctuations and is considered to be riskier than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.