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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXX or USA.
Correlation
The correlation between SPXX and USA 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. USA - Performance Comparison
Key characteristics
SPXX:
0.86
USA:
0.27
SPXX:
1.28
USA:
0.50
SPXX:
1.20
USA:
1.07
SPXX:
0.88
USA:
0.27
SPXX:
3.83
USA:
0.99
SPXX:
4.06%
USA:
4.87%
SPXX:
18.20%
USA:
18.16%
SPXX:
-52.39%
USA:
-69.05%
SPXX:
-7.95%
USA:
-8.09%
Returns By Period
In the year-to-date period, SPXX achieves a -4.52% return, which is significantly lower than USA's -2.78% return. Over the past 10 years, SPXX has underperformed USA with an annualized return of 8.96%, while USA has yielded a comparatively higher 11.69% annualized return.
SPXX
-4.52%
10.66%
1.21%
14.59%
13.52%
8.96%
USA
-2.78%
11.66%
-4.87%
4.53%
14.76%
11.69%
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Risk-Adjusted Performance
SPXX vs. USA — Risk-Adjusted Performance Rank
SPXX
USA
SPXX vs. USA - Risk-Adjusted Performance 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.
Dividends
SPXX vs. USA - Dividend Comparison
SPXX's dividend yield for the trailing twelve months is around 7.61%, less than USA's 10.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 7.61% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.70% | 6.81% | 7.75% | 7.30% |
USA Liberty All-Star Equity Fund | 10.56% | 10.22% | 9.56% | 12.11% | 9.67% | 9.26% | 9.88% | 12.81% | 9.01% | 9.43% | 9.66% | 6.61% |
Drawdowns
SPXX vs. USA - Drawdown Comparison
The maximum SPXX drawdown since its inception was -52.39%, smaller than the maximum USA drawdown of -69.05%. Use the drawdown chart below to compare losses from any high point for SPXX and USA. For additional features, visit the drawdowns tool.
Volatility
SPXX vs. USA - Volatility Comparison
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) has a higher volatility of 10.99% compared to Liberty All-Star Equity Fund (USA) at 9.46%. This indicates that SPXX's price experiences larger fluctuations and is considered to be riskier than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.