TIEIX vs. QQQX
TIEIX (Nuveen Equity Index Fund Class I) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both mutual funds - TIEIX is a Large Cap Blend Equities fund tracking the Russell 3000 Index, while QQQX is a Derivative Income fund actively managed by Nuveen. TIEIX is passively managed, while QQQX is actively managed. Over the past 10 years, TIEIX returned 14.85%/yr vs 13.46%/yr for QQQX. A 0.74 correlation means they provide meaningful diversification when combined. TIEIX charges 0.09%/yr vs 0.89%/yr for QQQX.
Performance
TIEIX vs. QQQX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TIEIX having a 10.43% return and QQQX slightly lower at 10.18%. Over the past 10 years, TIEIX has outperformed QQQX with an annualized return of 14.85%, while QQQX has yielded a comparatively lower 13.46% annualized return.
TIEIX
- 1D
- 1.13%
- 1M
- 1.27%
- YTD
- 10.43%
- 6M
- 10.45%
- 1Y
- 27.05%
- 3Y*
- 20.52%
- 5Y*
- 12.88%
- 10Y*
- 14.85%
QQQX
- 1D
- 1.56%
- 1M
- 0.80%
- YTD
- 10.18%
- 6M
- 11.55%
- 1Y
- 29.67%
- 3Y*
- 14.66%
- 5Y*
- 9.16%
- 10Y*
- 13.46%
TIEIX vs. QQQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIEIX Nuveen Equity Index Fund Class I | 10.43% | 17.04% | 23.71% | 25.92% | -19.18% | 25.64% | 20.82% | 30.89% | -5.27% | 19.05% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 10.18% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 15.75% | 28.83% | -11.68% | 39.19% |
Correlation
The correlation between TIEIX and QQQX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | 0.74 |
The correlation between TIEIX and QQQX has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
TIEIX vs. QQQX — Risk / Return Rank
TIEIX
QQQX
TIEIX vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Index Fund Class I (TIEIX) 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.
| TIEIX | QQQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 3.22 | -0.17 |
| Martin ratioReturn relative to average drawdown | 13.64 | 14.12 | -0.48 |
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Drawdowns
TIEIX vs. QQQX - Drawdown Comparison
The maximum TIEIX drawdown since its inception was -55.55%, roughly equal to the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for TIEIX and QQQX.
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Drawdown Indicators
| TIEIX | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.55% | -57.25% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.84% | -9.11% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | -22.80% | +3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.06% | -29.33% | +4.27% |
Max Drawdown (10Y)Largest decline over 10 years | -34.90% | -35.96% | +1.06% |
Current DrawdownCurrent decline from peak | -1.15% | -3.20% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -10.28% | -8.01% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.08% | -0.11% |
Volatility
TIEIX vs. QQQX - Volatility Comparison
The current volatility for Nuveen Equity Index Fund Class I (TIEIX) is 4.84%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 5.91%. This indicates that TIEIX 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.
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Volatility by Period
| TIEIX | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 5.91% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 12.38% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 14.98% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 19.92% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.44% | 21.11% | -2.67% |
TIEIX vs. QQQX - Expense Ratio Comparison
TIEIX has a 0.09% expense ratio, which is lower than QQQX's 0.89% expense ratio.
Dividends
TIEIX vs. QQQX - Dividend Comparison
TIEIX's dividend yield for the trailing twelve months is around 2.17%, less than QQQX's 8.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.24% | 7.85% | 6.73% | 7.26% | 9.66% | 5.85% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% |
TIEIX Nuveen Equity Index Fund Class I | 2.17% | 2.39% | 1.63% | 1.47% | 1.83% | 2.08% | 1.43% | 1.99% | 2.45% | 0.52% | 2.45% | 1.27% |
Frequently Asked Questions
TIEIX and QQQX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQX has higher volatility (5.91%) compared to TIEIX (4.84%). In terms of maximum drawdown, TIEIX dropped -55.55% vs QQQX's -57.25%.
TIEIX currently has the higher Sharpe Ratio (2.11 vs 1.96), 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.
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