RITM vs. SPXX

Last updated Jun 13, 2026

RITM (Rithm Capital Corp.) is a stock, while SPXX (Nuveen S&P 500 Dynamic Overwrite Fund) is S&P 500 fund actively managed by Nuveen. Over the past 10 years, RITM returned 7.00%/yr vs 10.24%/yr for SPXX. At a 0.41 correlation, their price movements are largely independent.

Performance

RITM vs. SPXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rithm Capital Corp. (RITM) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RITM achieves a -12.31% return, which is significantly lower than SPXX's 2.91% return. Over the past 10 years, RITM has underperformed SPXX with an annualized return of 7.00%, while SPXX has yielded a comparatively higher 10.24% annualized return.

RITM

• 1D: 0.76%
• 1M: 1.97%
• YTD: -12.31%
• 6M: -11.98%
• 1Y: -9.45%
• 3Y*: 10.36%
• 5Y*: 6.69%
• 10Y*: 7.00%

SPXX

• 1D: 0.11%
• 1M: 2.13%
• YTD: 2.91%
• 6M: 5.89%
• 1Y: 12.87%
• 3Y*: 13.08%
• 5Y*: 6.90%
• 10Y*: 10.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RITM vs. SPXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RITM Rithm Capital Corp.	-12.31%	10.06%	11.07%	45.60%	-14.44%	17.07%	-34.36%	28.46%	-10.35%	27.83%
SPXX Nuveen S&P 500 Dynamic Overwrite Fund	2.91%	9.78%	27.10%	0.85%	-6.92%	29.03%	-0.37%	25.36%	-13.42%	27.92%

Correlation

The correlation between RITM and SPXX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since May 2, 2013	0.41

The correlation between RITM and SPXX shifts across timeframes, from 0.36 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

RITM vs. SPXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RITM

RITM Risk / Return Rank: 24
RITM Sharpe Ratio Rank: 22
RITM Sortino Ratio Rank: 21
RITM Omega Ratio Rank: 21
RITM Calmar Ratio Rank: 30
RITM Martin Ratio Rank: 26

SPXX

SPXX Risk / Return Rank: 17
SPXX Sharpe Ratio Rank: 18
SPXX Sortino Ratio Rank: 18
SPXX Omega Ratio Rank: 17
SPXX Calmar Ratio Rank: 14
SPXX Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RITM vs. SPXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rithm Capital Corp. (RITM) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RITM	SPXX	Difference
Sharpe ratio: Return per unit of total volatility	-0.48	0.95	-1.43
Sortino ratio: Return per unit of downside risk	-0.52	1.40	-1.91
Omega ratio: Gain probability vs. loss probability	0.93	1.17	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.39	0.97	-1.37
Martin ratio: Return relative to average drawdown	-0.85	3.30	-4.15

RITM vs. SPXX - Sharpe Ratio Comparison

The current RITM Sharpe Ratio is -0.48, which is lower than the SPXX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of RITM and SPXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RITM vs. SPXX - Drawdown Comparison

The maximum RITM drawdown since its inception was -81.11%, which is greater than SPXX's maximum drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for RITM and SPXX.

Drawdown Indicators

	RITM	SPXX	Difference
Max Drawdown Largest peak-to-trough decline	-81.11%	-52.39%	-28.72%
Max Drawdown (1Y) Largest decline over 1 year	-27.31%	-11.86%	-15.45%
Max Drawdown (3Y) Largest decline over 3 years	-27.31%	-17.65%	-9.66%
Max Drawdown (5Y) Largest decline over 5 years	-36.61%	-18.09%	-18.52%
Max Drawdown (10Y) Largest decline over 10 years	-81.11%	-43.99%	-37.12%
Current Drawdown Current decline from peak	-20.77%	-1.41%	-19.36%
Average Drawdown Average peak-to-trough decline	-15.96%	-7.46%	-8.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.58%	3.49%	+9.09%

Volatility

RITM vs. SPXX - Volatility Comparison

Rithm Capital Corp. (RITM) has a higher volatility of 7.23% compared to Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) at 3.42%. This indicates that RITM's price experiences larger fluctuations and is considered to be riskier than SPXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RITM	SPXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	3.42%	+3.81%
Volatility (6M) Calculated over the trailing 6-month period	19.11%	9.14%	+9.97%
Volatility (1Y) Calculated over the trailing 1-year period	22.51%	12.14%	+10.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.49%	15.81%	+11.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.17%	18.41%	+21.76%

Dividends

RITM vs. SPXX - Dividend Comparison

RITM's dividend yield for the trailing twelve months is around 10.74%, more than SPXX's 7.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RITM Rithm Capital Corp.	10.74%	9.17%	9.23%	9.36%	12.24%	8.40%	5.03%	12.41%	14.07%	11.07%	11.70%	14.39%
SPXX Nuveen S&P 500 Dynamic Overwrite Fund	5.56%	7.48%	6.87%	7.82%	7.30%	5.27%	6.56%	6.44%	7.98%	5.69%	5.14%	7.75%

Frequently Asked Questions

Can I hold both RITM and SPXX in my portfolio?

RITM and SPXX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RITM or SPXX?

RITM has higher volatility (7.23%) compared to SPXX (3.42%). In terms of maximum drawdown, RITM dropped -81.11% vs SPXX's -52.39%.

Which has better risk-adjusted returns?

SPXX currently has the higher Sharpe Ratio (0.95 vs -0.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.