STNFX vs. QQQX

Last updated Jun 24, 2026

STNFX (Allspring Large Cap Growth Fund) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both mutual funds - STNFX is a Large Cap Growth Equities fund managed by Allspring Global Investments, while QQQX is a Derivative Income fund actively managed by Nuveen. Over the past 10 years, STNFX returned 16.89%/yr vs 13.43%/yr for QQQX. A 0.76 correlation means they provide meaningful diversification when combined. STNFX charges 0.75%/yr vs 0.89%/yr for QQQX.

Performance

STNFX vs. QQQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Large Cap Growth Fund (STNFX) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STNFX achieves a 2.40% return, which is significantly lower than QQQX's 7.43% return. Over the past 10 years, STNFX has outperformed QQQX with an annualized return of 16.89%, while QQQX has yielded a comparatively lower 13.43% annualized return.

STNFX

• 1D: -0.81%
• 1M: -1.83%
• YTD: 2.40%
• 6M: 1.46%
• 1Y: 12.47%
• 3Y*: 20.09%
• 5Y*: 9.64%
• 10Y*: 16.89%

QQQX

• 1D: -2.09%
• 1M: -2.20%
• YTD: 7.43%
• 6M: 7.82%
• 1Y: 25.88%
• 3Y*: 14.83%
• 5Y*: 8.34%
• 10Y*: 13.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

STNFX vs. QQQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STNFX Allspring Large Cap Growth Fund	2.40%	14.63%	30.44%	40.91%	-30.86%	15.76%	32.30%	47.33%	1.22%	33.40%
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund	7.43%	14.87%	25.61%	21.68%	-27.39%	25.32%	15.75%	28.83%	-11.68%	39.19%

Correlation

The correlation between STNFX and QQQX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.76

The correlation between STNFX and QQQX has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.

Return for Risk

STNFX vs. QQQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STNFX

STNFX Risk / Return Rank: 11
STNFX Sharpe Ratio Rank: 12
STNFX Sortino Ratio Rank: 12
STNFX Omega Ratio Rank: 12
STNFX Calmar Ratio Rank: 9
STNFX Martin Ratio Rank: 9

QQQX

QQQX Risk / Return Rank: 50
QQQX Sharpe Ratio Rank: 41
QQQX Sortino Ratio Rank: 40
QQQX Omega Ratio Rank: 41
QQQX Calmar Ratio Rank: 60
QQQX Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STNFX vs. QQQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Large Cap Growth Fund (STNFX) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	STNFX	QQQX	Difference
Sharpe ratio: Return per unit of total volatility	0.88	1.72	-0.84
Sortino ratio: Return per unit of downside risk	1.27	2.45	-1.18
Omega ratio: Gain probability vs. loss probability	1.16	1.32	-0.16
Calmar ratio: Return relative to maximum drawdown	0.80	2.85	-2.06
Martin ratio: Return relative to average drawdown	2.30	12.24	-9.94

STNFX vs. QQQX - Sharpe Ratio Comparison

The current STNFX Sharpe Ratio is 0.88, which is lower than the QQQX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of STNFX and QQQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

STNFX vs. QQQX - Drawdown Comparison

The maximum STNFX drawdown since its inception was -43.46%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for STNFX and QQQX.

Drawdown Indicators

	STNFX	QQQX	Difference
Max Drawdown Largest peak-to-trough decline	-43.46%	-57.25%	+13.79%
Max Drawdown (1Y) Largest decline over 1 year	-17.69%	-9.11%	-8.58%
Max Drawdown (3Y) Largest decline over 3 years	-22.45%	-22.80%	+0.35%
Max Drawdown (5Y) Largest decline over 5 years	-43.46%	-29.33%	-14.13%
Max Drawdown (10Y) Largest decline over 10 years	-43.46%	-35.96%	-7.50%
Current Drawdown Current decline from peak	-4.50%	-5.62%	+1.12%
Average Drawdown Average peak-to-trough decline	-7.53%	-8.01%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.10%	2.12%	+3.98%

Volatility

STNFX vs. QQQX - Volatility Comparison

The current volatility for Allspring Large Cap Growth Fund (STNFX) is 5.68%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 6.07%. This indicates that STNFX experiences smaller price fluctuations and is considered to be less risky than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STNFX	QQQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.68%	6.07%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	12.39%	12.46%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	15.14%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.54%	19.94%	+3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	21.11%	+1.91%

STNFX vs. QQQX - Expense Ratio Comparison

STNFX has a 0.75% expense ratio, which is lower than QQQX's 0.89% expense ratio.

Dividends

STNFX vs. QQQX - Dividend Comparison

STNFX's dividend yield for the trailing twelve months is around 13.73%, more than QQQX's 8.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund	8.45%	7.85%	6.73%	7.26%	9.66%	5.85%	6.00%	6.49%	8.40%	5.95%	7.54%	7.23%
STNFX Allspring Large Cap Growth Fund	13.73%	14.06%	14.18%	18.68%	10.88%	15.11%	13.51%	19.01%	30.81%	22.67%	5.50%	5.97%

Frequently Asked Questions

Can I hold both STNFX and QQQX in my portfolio?

STNFX and QQQX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STNFX or QQQX?

QQQX has higher volatility (6.07%) compared to STNFX (5.68%). In terms of maximum drawdown, STNFX dropped -43.46% vs QQQX's -57.25%.

Which has better risk-adjusted returns?

QQQX currently has the higher Sharpe Ratio (1.72 vs 0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.