SPXX vs. SCHX
Compare and contrast key facts about Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Schwab U.S. Large-Cap ETF (SCHX).
SPXX is an actively managed fund by Nuveen. It was launched on Nov 23, 2005. SCHX is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Total Stock Market Index. It was launched on Nov 3, 2009.
Performance
SPXX vs. SCHX - Performance Comparison
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SPXX vs. SCHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | -8.51% | 9.78% | 27.10% | 0.85% | -6.92% | 29.03% | -0.37% | 25.36% | -13.42% | 27.92% |
SCHX Schwab U.S. Large-Cap ETF | -3.63% | 17.46% | 24.88% | 26.84% | -19.41% | 26.81% | 20.81% | 31.22% | -4.66% | 21.95% |
Returns By Period
In the year-to-date period, SPXX achieves a -8.51% return, which is significantly lower than SCHX's -3.63% return. Over the past 10 years, SPXX has underperformed SCHX with an annualized return of 9.26%, while SCHX has yielded a comparatively higher 14.06% annualized return.
SPXX
- 1D
- -0.74%
- 1M
- -6.76%
- YTD
- -8.51%
- 6M
- -4.48%
- 1Y
- 2.30%
- 3Y*
- 9.10%
- 5Y*
- 6.97%
- 10Y*
- 9.26%
SCHX
- 1D
- 0.08%
- 1M
- -3.34%
- YTD
- -3.63%
- 6M
- -1.84%
- 1Y
- 17.21%
- 3Y*
- 18.46%
- 5Y*
- 11.31%
- 10Y*
- 14.06%
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SPXX vs. SCHX - Expense Ratio Comparison
SPXX has a 0.89% expense ratio, which is higher than SCHX's 0.03% expense ratio.
Return for Risk
SPXX vs. SCHX — Risk / Return Rank
SPXX
SCHX
SPXX vs. SCHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Schwab U.S. Large-Cap ETF (SCHX). 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 | SCHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 0.94 | -0.82 |
Sortino ratioReturn per unit of downside risk | 0.32 | 1.45 | -1.13 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.22 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.24 | 1.48 | -1.24 |
Martin ratioReturn relative to average drawdown | 0.81 | 6.81 | -6.00 |
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 | SCHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.94 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.66 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.78 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.80 | -0.44 |
Correlation
The correlation between SPXX and SCHX 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.
Dividends
SPXX vs. SCHX - Dividend Comparison
SPXX's dividend yield for the trailing twelve months is around 8.34%, more than SCHX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 8.34% | 7.48% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.69% | 5.14% | 7.75% |
SCHX Schwab U.S. Large-Cap ETF | 1.16% | 1.09% | 1.22% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.02% | 1.70% | 1.92% | 2.04% |
Drawdowns
SPXX vs. SCHX - Drawdown Comparison
The maximum SPXX drawdown since its inception was -52.39%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for SPXX and SCHX.
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Drawdown Indicators
| SPXX | SCHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -34.33% | -18.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.86% | -9.02% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -18.09% | -25.41% | +7.32% |
Max Drawdown (10Y)Largest decline over 10 years | -43.99% | -34.33% | -9.66% |
Current DrawdownCurrent decline from peak | -9.91% | -5.59% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -4.00% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 2.64% | +1.16% |
Volatility
SPXX vs. SCHX - Volatility Comparison
The current volatility for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is 4.90%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 5.29%. This indicates that SPXX experiences smaller price fluctuations and is considered to be less risky than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXX | SCHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 5.29% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 9.67% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 18.33% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.80% | 17.13% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 18.13% | +0.26% |