SPXX vs. XLE
Compare and contrast key facts about Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Energy Select Sector SPDR Fund (XLE).
SPXX is an actively managed fund by Nuveen. It was launched on Nov 23, 2005. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXX or XLE.
Correlation
The correlation between SPXX and XLE is 0.47, 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.
Performance
SPXX vs. XLE - Performance Comparison
Key characteristics
SPXX:
2.41
XLE:
0.61
SPXX:
3.13
XLE:
0.92
SPXX:
1.44
XLE:
1.12
SPXX:
3.58
XLE:
0.77
SPXX:
17.19
XLE:
1.65
SPXX:
1.60%
XLE:
6.67%
SPXX:
11.43%
XLE:
18.02%
SPXX:
-52.39%
XLE:
-71.54%
SPXX:
0.00%
XLE:
-4.60%
Returns By Period
In the year-to-date period, SPXX achieves a 3.72% return, which is significantly lower than XLE's 7.42% return. Over the past 10 years, SPXX has outperformed XLE with an annualized return of 9.91%, while XLE has yielded a comparatively lower 5.42% annualized return.
SPXX
3.72%
3.14%
16.00%
29.34%
9.27%
9.91%
XLE
7.42%
-2.06%
5.32%
12.13%
16.27%
5.42%
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SPXX vs. XLE - Expense Ratio Comparison
SPXX has a 0.89% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
SPXX vs. XLE — Risk-Adjusted Performance Rank
SPXX
XLE
SPXX vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Energy Select Sector SPDR Fund (XLE). 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. XLE - Dividend Comparison
SPXX's dividend yield for the trailing twelve months is around 6.63%, more than XLE's 3.13% 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% |
XLE Energy Select Sector SPDR Fund | 3.13% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% |
Drawdowns
SPXX vs. XLE - Drawdown Comparison
The maximum SPXX drawdown since its inception was -52.39%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for SPXX and XLE. For additional features, visit the drawdowns tool.
Volatility
SPXX vs. XLE - Volatility Comparison
The current volatility for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is 2.04%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 6.29%. This indicates that SPXX experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.