SPXX vs. FXAIX
Compare and contrast key facts about Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Fidelity 500 Index Fund (FXAIX).
SPXX is an actively managed fund by Nuveen. It was launched on Nov 23, 2005. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXX or FXAIX.
Correlation
The correlation between SPXX and FXAIX is 0.72, 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.
Performance
SPXX vs. FXAIX - Performance Comparison
Key characteristics
SPXX:
2.41
FXAIX:
1.87
SPXX:
3.13
FXAIX:
2.52
SPXX:
1.44
FXAIX:
1.34
SPXX:
3.58
FXAIX:
2.82
SPXX:
17.19
FXAIX:
11.69
SPXX:
1.60%
FXAIX:
2.04%
SPXX:
11.43%
FXAIX:
12.77%
SPXX:
-52.39%
FXAIX:
-33.79%
SPXX:
0.00%
FXAIX:
0.00%
Returns By Period
In the year-to-date period, SPXX achieves a 3.72% return, which is significantly lower than FXAIX's 4.63% return. Over the past 10 years, SPXX has underperformed FXAIX with an annualized return of 9.91%, while FXAIX has yielded a comparatively higher 13.14% annualized return.
SPXX
3.72%
3.14%
16.00%
29.34%
9.27%
9.91%
FXAIX
4.63%
2.57%
10.02%
25.15%
14.81%
13.14%
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SPXX vs. FXAIX - Expense Ratio Comparison
SPXX has a 0.89% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
SPXX vs. FXAIX — Risk-Adjusted Performance Rank
SPXX
FXAIX
SPXX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Fidelity 500 Index Fund (FXAIX). 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
SPXX vs. FXAIX - Dividend Comparison
SPXX's dividend yield for the trailing twelve months is around 6.63%, more than FXAIX's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 6.63% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.70% | 6.81% | 7.75% | 7.30% |
FXAIX Fidelity 500 Index Fund | 1.19% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
Drawdowns
SPXX vs. FXAIX - Drawdown Comparison
The maximum SPXX drawdown since its inception was -52.39%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for SPXX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
SPXX vs. FXAIX - Volatility Comparison
The current volatility for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is 2.04%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.06%. This indicates that SPXX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.