STTIX vs. QQQX

Last updated Jun 24, 2026

STTIX (North SquareTrilogy Alternative Return Fund) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both mutual funds - STTIX is a Options Trading fund managed by Stadion Funds, while QQQX is a Derivative Income fund actively managed by Nuveen. Over the past 10 years, STTIX returned 1.69%/yr vs 13.43%/yr for QQQX. At a 0.25 correlation, their price movements are largely independent. STTIX charges 1.38%/yr vs 0.89%/yr for QQQX.

Performance

STTIX vs. QQQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North SquareTrilogy Alternative Return Fund (STTIX) 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, STTIX achieves a -0.12% return, which is significantly lower than QQQX's 7.43% return. Over the past 10 years, STTIX has underperformed QQQX with an annualized return of 1.69%, while QQQX has yielded a comparatively higher 13.43% annualized return.

STTIX

• 1D: -0.33%
• 1M: 0.40%
• YTD: -0.12%
• 6M: 0.06%
• 1Y: 3.25%
• 3Y*: 3.68%
• 5Y*: 0.21%
• 10Y*: 1.69%

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)

STTIX vs. QQQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STTIX North SquareTrilogy Alternative Return Fund	-0.12%	6.66%	5.94%	-1.89%	-10.52%	4.57%	7.19%	3.44%	-6.48%	4.90%
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 STTIX and QQQX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.25

Return for Risk

STTIX vs. QQQX — Risk / Return Rank

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

STTIX

STTIX Risk / Return Rank: 14
STTIX Sharpe Ratio Rank: 14
STTIX Sortino Ratio Rank: 15
STTIX Omega Ratio Rank: 13
STTIX Calmar Ratio Rank: 14
STTIX Martin Ratio Rank: 13

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.

STTIX vs. QQQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North SquareTrilogy Alternative Return Fund (STTIX) 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.

	STTIX	QQQX	Difference
Sharpe ratio: Return per unit of total volatility	0.98	1.72	-0.74
Sortino ratio: Return per unit of downside risk	1.51	2.45	-0.95
Omega ratio: Gain probability vs. loss probability	1.17	1.32	-0.14
Calmar ratio: Return relative to maximum drawdown	1.22	2.85	-1.63
Martin ratio: Return relative to average drawdown	3.40	12.24	-8.84

STTIX vs. QQQX - Sharpe Ratio Comparison

The current STTIX Sharpe Ratio is 0.98, which is lower than the QQQX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of STTIX 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

STTIX vs. QQQX - Drawdown Comparison

The maximum STTIX drawdown since its inception was -18.71%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for STTIX and QQQX.

Drawdown Indicators

	STTIX	QQQX	Difference
Max Drawdown Largest peak-to-trough decline	-18.71%	-57.25%	+38.54%
Max Drawdown (1Y) Largest decline over 1 year	-2.86%	-9.11%	+6.25%
Max Drawdown (3Y) Largest decline over 3 years	-13.10%	-22.80%	+9.70%
Max Drawdown (5Y) Largest decline over 5 years	-18.71%	-29.33%	+10.62%
Max Drawdown (10Y) Largest decline over 10 years	-18.71%	-35.96%	+17.25%
Current Drawdown Current decline from peak	-6.50%	-5.62%	-0.88%
Average Drawdown Average peak-to-trough decline	-4.74%	-8.01%	+3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	2.12%	-1.10%

Volatility

STTIX vs. QQQX - Volatility Comparison

The current volatility for North SquareTrilogy Alternative Return Fund (STTIX) is 0.84%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 6.07%. This indicates that STTIX 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

	STTIX	QQQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	6.07%	-5.23%
Volatility (6M) Calculated over the trailing 6-month period	2.51%	12.46%	-9.95%
Volatility (1Y) Calculated over the trailing 1-year period	3.56%	15.14%	-11.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.83%	19.94%	-10.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.81%	21.11%	-13.30%

STTIX vs. QQQX - Expense Ratio Comparison

STTIX has a 1.38% expense ratio, which is higher than QQQX's 0.89% expense ratio.

Dividends

STTIX vs. QQQX - Dividend Comparison

STTIX's dividend yield for the trailing twelve months is around 4.70%, less 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%
STTIX North SquareTrilogy Alternative Return Fund	4.70%	4.26%	17.39%	2.10%	1.03%	0.49%	1.02%	1.68%	1.73%	0.96%	0.99%	1.07%

Frequently Asked Questions

Can I hold both STTIX and QQQX in my portfolio?

STTIX and QQQX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STTIX or QQQX?

QQQX has higher volatility (6.07%) compared to STTIX (0.84%). In terms of maximum drawdown, STTIX dropped -18.71% vs QQQX's -57.25%.

Which has better risk-adjusted returns?

QQQX currently has the higher Sharpe Ratio (1.72 vs 0.98), 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.