TILIX vs. QQQX

Last updated Jul 15, 2026

TILIX (Nuveen Large Cap Growth Index Fund R6 Class) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both mutual funds - TILIX is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while QQQX is a Derivative Income fund actively managed by Nuveen. TILIX is passively managed, while QQQX is actively managed. Over the past 10 years, TILIX returned 17.73%/yr vs 13.24%/yr for QQQX. A 0.76 correlation means they provide meaningful diversification when combined. TILIX charges 0.05%/yr vs 0.89%/yr for QQQX.

Performance

TILIX vs. QQQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Large Cap Growth Index Fund R6 Class (TILIX) 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, TILIX achieves a 3.21% return, which is significantly lower than QQQX's 11.69% return. Over the past 10 years, TILIX has outperformed QQQX with an annualized return of 17.73%, while QQQX has yielded a comparatively lower 13.24% annualized return.

TILIX

• 1D: -1.93%
• 1M: 0.23%
• 6M: 2.60%
• YTD: 3.21%
• 1Y: 14.04%
• 3Y*: 20.87%
• 5Y*: 12.64%
• 10Y*: 17.73%

QQQX

• 1D: 0.50%
• 1M: 0.72%
• 6M: 11.49%
• YTD: 11.69%
• 1Y: 26.48%
• 3Y*: 15.76%
• 5Y*: 8.99%
• 10Y*: 13.24%

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

TILIX vs. QQQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TILIX Nuveen Large Cap Growth Index Fund R6 Class	3.21%	18.41%	33.31%	42.64%	-29.22%	27.63%	38.43%	36.30%	-1.66%	28.49%
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund	11.69%	14.87%	25.61%	21.68%	-27.39%	25.32%	15.75%	28.83%	-11.68%	39.19%

Correlation

The correlation between TILIX and QQQX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007	0.76

The correlation between TILIX and QQQX has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

Return for Risk

TILIX vs. QQQX — Risk / Return Rank

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

TILIX

TILIX Risk / Return Rank: 16
TILIX Sharpe Ratio Rank: 18
TILIX Sortino Ratio Rank: 17
TILIX Omega Ratio Rank: 17
TILIX Calmar Ratio Rank: 13
TILIX Martin Ratio Rank: 15

QQQX

QQQX Risk / Return Rank: 67
QQQX Sharpe Ratio Rank: 58
QQQX Sortino Ratio Rank: 60
QQQX Omega Ratio Rank: 57
QQQX Calmar Ratio Rank: 80
QQQX Martin Ratio Rank: 79

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.

TILIX vs. QQQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Large Cap Growth Index Fund R6 Class (TILIX) 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.

	TILIX	QQQX	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.69	-0.82
Sortino ratio: Return per unit of downside risk	1.27	2.44	-1.17
Omega ratio: Gain probability vs. loss probability	1.16	1.31	-0.15
Calmar ratio: Return relative to maximum drawdown	0.89	2.92	-2.03
Martin ratio: Return relative to average drawdown	2.82	11.27	-8.45

TILIX vs. QQQX - Sharpe Ratio Comparison

The current TILIX Sharpe Ratio is 0.87, which is lower than the QQQX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of TILIX 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

TILIX vs. QQQX - Drawdown Comparison

The maximum TILIX drawdown since its inception was -50.54%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for TILIX and QQQX.

Drawdown Indicators

	TILIX	QQQX	Difference
Max Drawdown Largest peak-to-trough decline	-50.54%	-57.25%	+6.71%
Max Drawdown (1Y) Largest decline over 1 year	-16.24%	-9.11%	-7.13%
Max Drawdown (3Y) Largest decline over 3 years	-23.33%	-22.80%	-0.53%
Max Drawdown (5Y) Largest decline over 5 years	-32.68%	-29.33%	-3.35%
Max Drawdown (10Y) Largest decline over 10 years	-32.68%	-35.96%	+3.28%
Current Drawdown Current decline from peak	-5.30%	-1.88%	-3.42%
Average Drawdown Average peak-to-trough decline	-7.72%	-7.99%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.13%	2.36%	+2.77%

Volatility

TILIX vs. QQQX - Volatility Comparison

Nuveen Large Cap Growth Index Fund R6 Class (TILIX) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) have volatilities of 6.39% and 6.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TILIX	QQQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	6.44%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	13.36%	13.26%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	16.75%	15.72%	+1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.69%	20.05%	+1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.16%	21.14%	+0.02%

TILIX vs. QQQX - Expense Ratio Comparison

TILIX has a 0.05% expense ratio, which is lower than QQQX's 0.89% expense ratio.

Dividends

TILIX vs. QQQX - Dividend Comparison

TILIX's dividend yield for the trailing twelve months is around 4.27%, less than QQQX's 8.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund	8.13%	7.85%	6.73%	7.26%	9.66%	5.85%	6.00%	6.49%	8.40%	5.95%	7.54%	7.23%
TILIX Nuveen Large Cap Growth Index Fund R6 Class	4.27%	4.41%	3.25%	1.90%	11.00%	8.76%	1.91%	2.38%	4.01%	0.68%	1.33%	1.32%

Frequently Asked Questions

Can I hold both TILIX and QQQX in my portfolio?

TILIX and QQQX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TILIX or QQQX?

QQQX has higher volatility (6.44%) compared to TILIX (6.39%). In terms of maximum drawdown, TILIX dropped -50.54% vs QQQX's -57.25%.

Which has better risk-adjusted returns?

QQQX currently has the higher Sharpe Ratio (1.69 vs 0.87), 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.