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SCHY vs. QQQX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHY vs. QQQX

Last updated Jun 13, 2026

SCHY (Schwab International Dividend Equity ETF) and QQQX (Nuveen NASDAQ 100 Dynamic Overwrite Fund) are both funds - SCHY is a Dividend fund tracking the Dow Jones International Dividend 100 Index, while QQQX is a Large Cap Growth Equities fund tracking the Nasdaq 100 Index. Both are passively managed. Over the past 5 years, SCHY returned 8.28%/yr vs 8.92%/yr for QQQX. At a 0.46 correlation, their price movements are largely independent. SCHY charges 0.08%/yr vs 0.92%/yr for QQQX.

Performance

SCHY vs. QQQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Dividend Equity ETF (SCHY) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with SCHY having a 10.44% return and QQQX slightly higher at 10.89%.

SCHY

1D
0.24%
1M
1.24%
YTD
10.44%
6M
11.90%
1Y
22.29%
3Y*
15.61%
5Y*
8.28%
10Y*
—

QQQX

1D
0.19%
1M
0.78%
YTD
10.89%
6M
15.29%
1Y
28.01%
3Y*
14.71%
5Y*
8.92%
10Y*
13.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHY vs. QQQX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SCHY
Schwab International Dividend Equity ETF		10.44%33.98%-1.79%14.27%-9.43%3.42%
QQQX
Nuveen NASDAQ 100 Dynamic Overwrite Fund		10.89%14.87%25.61%21.68%-27.39%13.21%

Correlation

The correlation between SCHY and QQQX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Apr 29, 2021

0.46

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab International Dividend Equity ETF

Nuveen NASDAQ 100 Dynamic Overwrite Fund

Often compared with SCHY:
SCHY vs. VYMISCHY vs. SCHDSCHY vs. SCHFSCHY vs. VXUSSCHY vs. VIGISCHY vs. IDVOSCHY vs. FIDI
Often compared with QQQX:
QQQX vs. QQQQQQX vs. QYLDQQQX vs. SCHDQQQX vs. QYLGQQQX vs. JEPIQQQX vs. FNGSQQQX vs. SPY

Return for Risk

SCHY vs. QQQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHY
SCHY Risk / Return Rank: 6060
Overall Rank
SCHY Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
SCHY Sortino Ratio Rank: 6464
Sortino Ratio Rank
SCHY Omega Ratio Rank: 6363
Omega Ratio Rank
SCHY Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHY Martin Ratio Rank: 5151
Martin Ratio Rank
QQQX
QQQX Risk / Return Rank: 7575
Overall Rank
QQQX Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
QQQX Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQQX Omega Ratio Rank: 6767
Omega Ratio Rank
QQQX Calmar Ratio Rank: 8181
Calmar Ratio Rank
QQQX Martin Ratio Rank: 8888
Martin Ratio Rank
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.

SCHY vs. QQQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Dividend Equity ETF (SCHY) 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.

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.

SCHYQQQXDifference
Sharpe ratioReturn per unit of total volatility
1.86
1.91

-0.05

Sortino ratioReturn per unit of downside risk
2.56
2.74

-0.18

Omega ratioGain probability vs. loss probability

1.33

1.35

-0.02

Calmar ratioReturn relative to maximum drawdown

2.46

3.09

-0.63

Martin ratioReturn relative to average drawdown

7.63

13.74

-6.11

SCHY vs. QQQX - Sharpe Ratio Comparison

The current SCHY Sharpe Ratio is 1.86, which is comparable to the QQQX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of SCHY and QQQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SCHY vs. QQQX - Drawdown Comparison

The maximum SCHY drawdown since its inception was -24.04%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for SCHY and QQQX.

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Drawdown Indicators

SCHYQQQXDifference

Max Drawdown

Largest peak-to-trough decline

-24.04%

-57.25%

+33.21%

Max Drawdown (1Y)

Largest decline over 1 year

-9.11%

-9.11%

0.00%

Max Drawdown (3Y)

Largest decline over 3 years

-12.16%

-22.80%

+10.64%

Max Drawdown (5Y)

Largest decline over 5 years

-24.04%

-29.33%

+5.29%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.96%

—

Current Drawdown

Current decline from peak

-2.94%

-2.58%

-0.36%

Average Drawdown

Average peak-to-trough decline

-4.97%

-8.01%

+3.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

2.05%

+0.90%

Volatility

SCHY vs. QQQX - Volatility Comparison

The current volatility for Schwab International Dividend Equity ETF (SCHY) is 3.37%, while Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) has a volatility of 5.41%. This indicates that SCHY experiences smaller price fluctuations and is considered to be less risky than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHYQQQXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.37%

5.41%

-2.04%

Volatility (6M)

Calculated over the trailing 6-month period

9.96%

12.05%

-2.09%

Volatility (1Y)

Calculated over the trailing 1-year period

12.07%

14.71%

-2.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.28%

19.87%

-6.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.23%

21.09%

-7.86%

SCHY vs. QQQX - Expense Ratio Comparison

SCHY has a 0.08% expense ratio, which is lower than QQQX's 0.92% expense ratio.

Dividends

SCHY vs. QQQX - Dividend Comparison

SCHY's dividend yield for the trailing twelve months is around 3.36%, less than QQQX's 7.42% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQX
Nuveen NASDAQ 100 Dynamic Overwrite Fund		7.42%7.85%6.73%7.26%9.66%5.85%6.00%6.49%8.40%5.95%7.54%7.23%
SCHY
Schwab International Dividend Equity ETF		3.36%3.55%4.64%3.97%3.67%1.73%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SCHY and QQQX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQX has higher volatility (5.41%) compared to SCHY (3.37%). In terms of maximum drawdown, SCHY dropped -24.04% vs QQQX's -57.25%.

QQQX currently has the higher Sharpe Ratio (1.91 vs 1.86), 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.

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