SPXX vs. NASDX
Compare and contrast key facts about Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
SPXX is an actively managed fund by Nuveen. It was launched on Nov 23, 2005. NASDX is a passively managed fund by Blackrock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXX or NASDX.
Correlation
The correlation between SPXX and NASDX 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.
Performance
SPXX vs. NASDX - Performance Comparison
Key characteristics
SPXX:
0.84
NASDX:
0.45
SPXX:
1.28
NASDX:
0.80
SPXX:
1.20
NASDX:
1.11
SPXX:
0.88
NASDX:
0.50
SPXX:
3.79
NASDX:
1.62
SPXX:
4.09%
NASDX:
6.96%
SPXX:
18.21%
NASDX:
25.25%
SPXX:
-52.39%
NASDX:
-81.69%
SPXX:
-7.45%
NASDX:
-9.44%
Returns By Period
In the year-to-date period, SPXX achieves a -4.01% return, which is significantly higher than NASDX's -4.44% return. Over the past 10 years, SPXX has underperformed NASDX with an annualized return of 9.05%, while NASDX has yielded a comparatively higher 16.73% annualized return.
SPXX
-4.01%
12.38%
1.28%
15.14%
13.63%
9.05%
NASDX
-4.44%
17.35%
-4.71%
11.36%
17.39%
16.73%
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SPXX vs. NASDX - Expense Ratio Comparison
SPXX has a 0.89% expense ratio, which is higher than NASDX's 0.63% expense ratio.
Risk-Adjusted Performance
SPXX vs. NASDX — Risk-Adjusted Performance Rank
SPXX
NASDX
SPXX vs. NASDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). 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. NASDX - Dividend Comparison
SPXX's dividend yield for the trailing twelve months is around 7.56%, more than NASDX's 0.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 7.56% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.69% | 6.81% | 7.75% | 7.30% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 0.34% | 0.36% | 0.45% | 0.50% | 0.15% | 0.37% | 0.47% | 0.94% | 1.35% | 0.75% | 0.86% | 1.02% |
Drawdowns
SPXX vs. NASDX - Drawdown Comparison
The maximum SPXX drawdown since its inception was -52.39%, smaller than the maximum NASDX drawdown of -81.69%. Use the drawdown chart below to compare losses from any high point for SPXX and NASDX. For additional features, visit the drawdowns tool.
Volatility
SPXX vs. NASDX - Volatility Comparison
The current volatility for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is 10.87%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 13.82%. This indicates that SPXX experiences smaller price fluctuations and is considered to be less risky than NASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.