TINRX vs. SPXX

Last updated Aug 1, 2026

TINRX (Nuveen Equity Index Fund Class A) and SPXX (Nuveen S&P 500 Dynamic Overwrite Fund) are both mutual funds - TINRX is a Large Cap Blend Equities fund tracking the Russell 3000 Index, while SPXX is a S&P 500 fund actively managed by Nuveen. TINRX is passively managed, while SPXX is actively managed. Over the past 10 years, TINRX returned 13.99%/yr vs 10.22%/yr for SPXX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. TINRX charges 0.36%/yr vs 0.89%/yr for SPXX.

Performance

TINRX vs. SPXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Equity Index Fund Class A (TINRX) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TINRX achieves a 9.53% return, which is significantly higher than SPXX's 6.80% return. Over the past 10 years, TINRX has outperformed SPXX with an annualized return of 13.99%, while SPXX has yielded a comparatively lower 10.22% annualized return.

TINRX

• 1D: 1.61%
• 1M: -0.80%
• 6M: 7.88%
• YTD: 9.53%
• 1Y: 20.52%
• 3Y*: 18.15%
• 5Y*: 11.36%
• 10Y*: 13.99%
• ALL TIME*: 10.32%

SPXX

• 1D: 0.00%
• 1M: -0.91%
• 6M: 8.48%
• YTD: 6.80%
• 1Y: 12.90%
• 3Y*: 13.70%
• 5Y*: 8.05%
• 10Y*: 10.22%
• ALL TIME*: 7.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPXX Nuveen S&P 500 Dynamic Overwrite Fund	$4.40M	$5.32M	$5.06M
TINRX Nuveen Equity Index Fund Class A	$0.00	$0.00	$0.00

TINRX vs. SPXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TINRX Nuveen Equity Index Fund Class A	9.53%	16.71%	23.38%	25.60%	-19.38%	25.30%	20.46%	30.56%	-5.55%	19.06%
SPXX Nuveen S&P 500 Dynamic Overwrite Fund	6.80%	9.78%	27.10%	0.85%	-6.92%	29.03%	-0.37%	25.36%	-13.42%	27.92%

Correlation

The correlation between TINRX and SPXX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (10Y) Provides a long-term view across more market conditions.	0.71
Correlation (All Time) Calculated using the full available price history since Apr 3, 2006	0.72

The correlation between TINRX and SPXX has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

Return for Risk

TINRX vs. SPXX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TINRX

TINRX Risk / Return Rank: 50
TINRX Sharpe Ratio Rank: 46
TINRX Sortino Ratio Rank: 43
TINRX Omega Ratio Rank: 43
TINRX Calmar Ratio Rank: 53
TINRX Martin Ratio Rank: 66

SPXX

SPXX Risk / Return Rank: 24
SPXX Sharpe Ratio Rank: 26
SPXX Sortino Ratio Rank: 27
SPXX Omega Ratio Rank: 24
SPXX Calmar Ratio Rank: 20
SPXX Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TINRX vs. SPXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Index Fund Class A (TINRX) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX). 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.

	TINRX	SPXX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	0.86	+0.53
Sortino ratio: Return per unit of downside risk	1.96	1.32	+0.64
Omega ratio: Gain probability vs. loss probability	1.25	1.15	+0.10
Calmar ratio: Return relative to maximum drawdown	2.05	0.94	+1.11
Martin ratio: Return relative to average drawdown	8.83	3.17	+5.66

TINRX vs. SPXX - Sharpe Ratio Comparison

The current TINRX Sharpe Ratio is 1.39, which is higher than the SPXX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of TINRX and SPXX, 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

TINRX vs. SPXX - Drawdown Comparison

The maximum TINRX drawdown since its inception was -55.63%, which is greater than SPXX's maximum drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for TINRX and SPXX.

Drawdown Indicators

	TINRX	SPXX	Difference
Max Drawdown Largest peak-to-trough decline	-55.63%	-52.39%	-3.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-11.86%	+2.98%
Max Drawdown (3Y) Largest decline over 3 years	-19.32%	-17.65%	-1.67%
Max Drawdown (5Y) Largest decline over 5 years	-25.18%	-18.09%	-7.09%
Max Drawdown (10Y) Largest decline over 10 years	-34.92%	-43.99%	+9.07%
Current Drawdown Current decline from peak	-1.84%	-1.55%	-0.29%
Average Drawdown Average peak-to-trough decline	-7.58%	-7.42%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	3.50%	-1.44%

Volatility

TINRX vs. SPXX - Volatility Comparison

Nuveen Equity Index Fund Class A (TINRX) has a higher volatility of 3.39% compared to Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) at 3.12%. This indicates that TINRX's price experiences larger fluctuations and is considered to be riskier than SPXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TINRX	SPXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.12%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	9.89%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	12.94%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	15.74%	+1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	18.44%	-0.05%

TINRX vs. SPXX - Expense Ratio Comparison

TINRX has a 0.36% expense ratio, which is lower than SPXX's 0.89% expense ratio.

Dividends

TINRX vs. SPXX - Dividend Comparison

TINRX's dividend yield for the trailing twelve months is around 1.90%, less than SPXX's 7.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPXX Nuveen S&P 500 Dynamic Overwrite Fund	7.77%	7.48%	6.87%	7.82%	7.30%	5.27%	6.56%	6.44%	7.98%	5.69%	5.14%	7.75%
TINRX Nuveen Equity Index Fund Class A	1.90%	2.08%	1.34%	1.20%	1.54%	1.79%	1.17%	1.70%	2.08%	0.51%	2.13%	1.24%

Frequently Asked Questions

Can I hold both TINRX and SPXX in my portfolio?

TINRX and SPXX 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, TINRX or SPXX?

TINRX has higher volatility (3.39%) compared to SPXX (3.12%). In terms of maximum drawdown, TINRX dropped -55.63% vs SPXX's -52.39%.

Which has better risk-adjusted returns?

TINRX currently has the higher Sharpe Ratio (1.39 vs 0.86), 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.