SPXX vs. USA
Compare and contrast key facts about Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Liberty All-Star Equity Fund (USA).
SPXX is an actively managed fund by Nuveen. It was launched on Nov 23, 2005.
Performance
SPXX vs. USA - Performance Comparison
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SPXX vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | -7.83% | 9.78% | 27.10% | 0.85% | -6.92% | 29.03% | -0.37% | 25.36% | -13.42% | 27.92% |
USA Liberty All-Star Equity Fund | -7.72% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Returns By Period
The year-to-date returns for both investments are quite close, with SPXX having a -7.83% return and USA slightly higher at -7.72%. Over the past 10 years, SPXX has underperformed USA with an annualized return of 9.25%, while USA has yielded a comparatively higher 11.94% annualized return.
SPXX
- 1D
- 1.43%
- 1M
- -6.59%
- YTD
- -7.83%
- 6M
- -3.93%
- 1Y
- 3.85%
- 3Y*
- 9.58%
- 5Y*
- 7.13%
- 10Y*
- 9.25%
USA
- 1D
- 1.44%
- 1M
- -5.85%
- YTD
- -7.72%
- 6M
- -6.62%
- 1Y
- -5.00%
- 3Y*
- 7.24%
- 5Y*
- 3.73%
- 10Y*
- 11.94%
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Return for Risk
SPXX vs. USA — Risk / Return Rank
SPXX
USA
SPXX vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Liberty All-Star Equity Fund (USA). 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 | USA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | -0.29 | +0.50 |
Sortino ratioReturn per unit of downside risk | 0.44 | -0.30 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.06 | 0.96 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.32 | -0.28 | +0.60 |
Martin ratioReturn relative to average drawdown | 1.11 | -0.76 | +1.87 |
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 | USA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | -0.29 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.18 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.53 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.33 | +0.03 |
Correlation
The correlation between SPXX and USA is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPXX vs. USA - Dividend Comparison
SPXX's dividend yield for the trailing twelve months is around 8.28%, less than USA's 12.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 8.28% | 7.48% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.69% | 5.14% | 7.75% |
USA Liberty All-Star Equity Fund | 12.08% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Drawdowns
SPXX vs. USA - Drawdown Comparison
The maximum SPXX drawdown since its inception was -52.39%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for SPXX and USA.
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Drawdown Indicators
| SPXX | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -69.15% | +16.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -15.28% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.09% | -34.05% | +15.96% |
Max Drawdown (10Y)Largest decline over 10 years | -43.99% | -47.07% | +3.08% |
Current DrawdownCurrent decline from peak | -9.24% | -12.67% | +3.43% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -11.53% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 5.64% | -1.89% |
Volatility
SPXX vs. USA - Volatility Comparison
The current volatility for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is 4.96%, while Liberty All-Star Equity Fund (USA) has a volatility of 5.71%. This indicates that SPXX experiences smaller price fluctuations and is considered to be less risky than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXX | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 5.71% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 10.53% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 17.40% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.80% | 20.72% | -4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 22.54% | -4.15% |