SPXX vs. BSPIX
Compare and contrast key facts about Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and iShares S&P 500 Index Fund Institutional Class (BSPIX).
SPXX is an actively managed fund by Nuveen. It was launched on Nov 23, 2005. BSPIX is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on Apr 28, 1993.
Performance
SPXX vs. BSPIX - Performance Comparison
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SPXX vs. BSPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | -9.14% | 9.78% | 27.10% | 0.85% | -6.92% | 29.03% | -0.37% | 25.36% | -13.42% | 27.92% |
BSPIX iShares S&P 500 Index Fund Institutional Class | -7.08% | 17.75% | 24.85% | 26.17% | -18.20% | 28.55% | 18.35% | 31.35% | -4.87% | 21.20% |
Returns By Period
In the year-to-date period, SPXX achieves a -9.14% return, which is significantly lower than BSPIX's -7.08% return. Over the past 10 years, SPXX has underperformed BSPIX with an annualized return of 9.09%, while BSPIX has yielded a comparatively higher 13.55% annualized return.
SPXX
- 1D
- 1.52%
- 1M
- -7.65%
- YTD
- -9.14%
- 6M
- -4.47%
- 1Y
- 2.68%
- 3Y*
- 9.06%
- 5Y*
- 6.83%
- 10Y*
- 9.09%
BSPIX
- 1D
- -0.39%
- 1M
- -7.69%
- YTD
- -7.08%
- 6M
- -4.66%
- 1Y
- 14.32%
- 3Y*
- 17.05%
- 5Y*
- 11.30%
- 10Y*
- 13.55%
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SPXX vs. BSPIX - Expense Ratio Comparison
SPXX has a 0.89% expense ratio, which is higher than BSPIX's 0.10% expense ratio.
Return for Risk
SPXX vs. BSPIX — Risk / Return Rank
SPXX
BSPIX
SPXX vs. BSPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and iShares S&P 500 Index Fund Institutional Class (BSPIX). 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.
| SPXX | BSPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.83 | -0.68 |
Sortino ratioReturn per unit of downside risk | 0.35 | 1.29 | -0.94 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.20 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 1.05 | -0.85 |
Martin ratioReturn relative to average drawdown | 0.69 | 5.09 | -4.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPXX | BSPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.83 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.67 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.76 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.72 | -0.36 |
Correlation
The correlation between SPXX and BSPIX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPXX vs. BSPIX - Dividend Comparison
SPXX's dividend yield for the trailing twelve months is around 8.40%, more than BSPIX's 1.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 8.40% | 7.48% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.69% | 5.14% | 7.75% |
BSPIX iShares S&P 500 Index Fund Institutional Class | 1.53% | 1.66% | 1.35% | 1.44% | 1.94% | 1.76% | 1.60% | 1.92% | 1.94% | 1.57% | 2.30% | 2.42% |
Drawdowns
SPXX vs. BSPIX - Drawdown Comparison
The maximum SPXX drawdown since its inception was -52.39%, which is greater than BSPIX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for SPXX and BSPIX.
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Drawdown Indicators
| SPXX | BSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -33.75% | -18.64% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -12.11% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -18.09% | -24.55% | +6.46% |
Max Drawdown (10Y)Largest decline over 10 years | -43.99% | -33.75% | -10.24% |
Current DrawdownCurrent decline from peak | -10.52% | -8.91% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -3.98% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 2.49% | +1.21% |
Volatility
SPXX vs. BSPIX - Volatility Comparison
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) has a higher volatility of 4.63% compared to iShares S&P 500 Index Fund Institutional Class (BSPIX) at 4.24%. This indicates that SPXX's price experiences larger fluctuations and is considered to be riskier than BSPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXX | BSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.24% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 9.08% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.91% | 18.06% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.79% | 16.84% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 17.99% | +0.40% |