RQI vs. SPXX

Last updated Jun 3, 2026

RQI (Cohen & Steers Quality Income Realty Fund) 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, RQI returned 8.81%/yr vs 10.27%/yr for SPXX. At a 0.49 correlation, their price movements are largely independent. RQI charges 2.21%/yr vs 0.89%/yr for SPXX.

Performance

RQI vs. SPXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Quality Income Realty Fund (RQI) 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, RQI achieves a 18.94% return, which is significantly higher than SPXX's 4.38% return. Over the past 10 years, RQI has underperformed SPXX with an annualized return of 8.81%, while SPXX has yielded a comparatively higher 10.27% annualized return.

RQI

• 1D: 0.31%
• 1M: -1.58%
• YTD: 18.94%
• 6M: 17.22%
• 1Y: 15.52%
• 3Y*: 14.02%
• 5Y*: 4.51%
• 10Y*: 8.81%

SPXX

• 1D: 0.38%
• 1M: 4.35%
• YTD: 4.38%
• 6M: 6.80%
• 1Y: 15.70%
• 3Y*: 14.42%
• 5Y*: 8.05%
• 10Y*: 10.27%

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

RQI vs. SPXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RQI Cohen & Steers Quality Income Realty Fund	18.94%	2.07%	8.04%	15.74%	-31.07%	56.64%	-9.28%	54.62%	-11.11%	11.73%
SPXX Nuveen S&P 500 Dynamic Overwrite Fund	4.38%	9.78%	27.10%	0.85%	-6.92%	29.03%	-0.37%	25.36%	-13.42%	27.92%

Correlation

The correlation between RQI and SPXX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Nov 25, 2005	0.49

The correlation between RQI and SPXX shifts across timeframes, from 0.33 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

RQI vs. SPXX — Risk / Return Rank

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

RQI

RQI Risk / Return Rank: 67
RQI Sharpe Ratio Rank: 72
RQI Sortino Ratio Rank: 64
RQI Omega Ratio Rank: 63
RQI Calmar Ratio Rank: 66
RQI Martin Ratio Rank: 71

SPXX

SPXX Risk / Return Rank: 17
SPXX Sharpe Ratio Rank: 20
SPXX Sortino Ratio Rank: 19
SPXX Omega Ratio Rank: 18
SPXX Calmar Ratio Rank: 13
SPXX Martin Ratio Rank: 14

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.

RQI vs. SPXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Quality Income Realty Fund (RQI) 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.

	RQI	SPXX	Difference
Sharpe ratio Return per unit of total volatility	1.05	1.32	-0.28
Sortino ratio Return per unit of downside risk	1.49	1.90	-0.41
Omega ratio Gain probability vs. loss probability	1.19	1.23	-0.04
Calmar ratio Return relative to maximum drawdown	1.32	1.27	+0.05
Martin ratio Return relative to average drawdown	3.94	4.34	-0.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RQI vs. SPXX - Sharpe Ratio Comparison

The current RQI Sharpe Ratio is 1.05, which is comparable to the SPXX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of RQI 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.

Sharpe Ratios by Period

	RQI	SPXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.32	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.51	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.56	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.40	-0.11

Drawdowns

RQI vs. SPXX - Drawdown Comparison

The maximum RQI drawdown since its inception was -91.59%, which is greater than SPXX's maximum drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for RQI and SPXX.

Drawdown Indicators

	RQI	SPXX	Difference
Max Drawdown Largest peak-to-trough decline	-91.59%	-52.39%	-39.20%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-11.86%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-22.43%	-17.65%	-4.78%
Max Drawdown (5Y) Largest decline over 5 years	-41.06%	-18.09%	-22.97%
Max Drawdown (10Y) Largest decline over 10 years	-59.12%	-43.99%	-15.13%
Current Drawdown Current decline from peak	-2.02%	0.00%	-2.02%
Average Drawdown Average peak-to-trough decline	-17.93%	-7.47%	-10.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	3.48%	+0.46%

Volatility

RQI vs. SPXX - Volatility Comparison

Cohen & Steers Quality Income Realty Fund (RQI) has a higher volatility of 4.29% compared to Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) at 2.65%. This indicates that RQI'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

	RQI	SPXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	2.65%	+1.64%
Volatility (6M) Calculated over the trailing 6-month period	11.67%	8.95%	+2.72%
Volatility (1Y) Calculated over the trailing 1-year period	14.90%	11.94%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.96%	15.82%	+7.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.94%	18.41%	+8.53%

RQI vs. SPXX - Expense Ratio Comparison

RQI has a 2.21% expense ratio, which is higher than SPXX's 0.89% expense ratio.

Dividends

RQI vs. SPXX - Dividend Comparison

RQI's dividend yield for the trailing twelve months is around 8.70%, more than SPXX's 7.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RQI Cohen & Steers Quality Income Realty Fund	8.70%	9.54%	7.84%	7.84%	10.41%	5.27%	7.74%	6.79%	9.27%	7.59%	7.86%	7.86%
SPXX Nuveen S&P 500 Dynamic Overwrite Fund	7.31%	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 RQI and SPXX in my portfolio?

RQI and SPXX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RQI or SPXX?

RQI has higher volatility (4.29%) compared to SPXX (2.65%). In terms of maximum drawdown, RQI dropped -91.59% vs SPXX's -52.39%.

Which has better risk-adjusted returns?

SPXX currently has the higher Sharpe Ratio (1.32 vs 1.05), 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.