TRIRX vs. QQQX

Last updated Jun 26, 2026

TRIRX (Nuveen Large Cap Growth Index Fund Retirement Class) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both mutual funds - TRIRX is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while QQQX is a Derivative Income fund actively managed by Nuveen. TRIRX is passively managed, while QQQX is actively managed. Over the past 10 years, TRIRX returned 17.97%/yr vs 13.30%/yr for QQQX. A 0.76 correlation means they provide meaningful diversification when combined. TRIRX charges 0.30%/yr vs 0.89%/yr for QQQX.

Performance

TRIRX vs. QQQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Large Cap Growth Index Fund Retirement Class (TRIRX) 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, TRIRX achieves a 1.25% return, which is significantly lower than QQQX's 4.86% return. Over the past 10 years, TRIRX has outperformed QQQX with an annualized return of 17.97%, while QQQX has yielded a comparatively lower 13.30% annualized return.

TRIRX

• 1D: -0.12%
• 1M: -4.68%
• YTD: 1.25%
• 6M: -0.28%
• 1Y: 15.41%
• 3Y*: 21.54%
• 5Y*: 12.73%
• 10Y*: 17.97%

QQQX

• 1D: -0.14%
• 1M: -5.59%
• YTD: 4.86%
• 6M: 4.87%
• 1Y: 20.91%
• 3Y*: 14.25%
• 5Y*: 7.86%
• 10Y*: 13.30%

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

TRIRX vs. QQQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRIRX Nuveen Large Cap Growth Index Fund Retirement Class	1.25%	18.13%	32.98%	42.30%	-29.41%	27.32%	38.06%	35.98%	-1.91%	28.50%
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund	4.86%	14.87%	25.61%	21.68%	-27.39%	25.32%	15.75%	28.83%	-11.68%	39.19%

Correlation

The correlation between TRIRX 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	0.83
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 TRIRX and QQQX has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

Return for Risk

TRIRX vs. QQQX — Risk / Return Rank

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

TRIRX

TRIRX Risk / Return Rank: 16
TRIRX Sharpe Ratio Rank: 19
TRIRX Sortino Ratio Rank: 18
TRIRX Omega Ratio Rank: 18
TRIRX Calmar Ratio Rank: 13
TRIRX Martin Ratio Rank: 15

QQQX

QQQX Risk / Return Rank: 39
QQQX Sharpe Ratio Rank: 32
QQQX Sortino Ratio Rank: 33
QQQX Omega Ratio Rank: 33
QQQX Calmar Ratio Rank: 47
QQQX Martin Ratio Rank: 53

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.

TRIRX vs. QQQX - Risk-Adjusted Trends Comparison

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

	TRIRX	QQQX	Difference
Sharpe ratio: Return per unit of total volatility	0.98	1.37	-0.39
Sortino ratio: Return per unit of downside risk	1.41	2.00	-0.59
Omega ratio: Gain probability vs. loss probability	1.18	1.26	-0.08
Calmar ratio: Return relative to maximum drawdown	0.98	2.30	-1.33
Martin ratio: Return relative to average drawdown	3.16	9.39	-6.24

TRIRX vs. QQQX - Sharpe Ratio Comparison

The current TRIRX Sharpe Ratio is 0.98, which is comparable to the QQQX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of TRIRX 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

TRIRX vs. QQQX - Drawdown Comparison

The maximum TRIRX drawdown since its inception was -51.49%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for TRIRX and QQQX.

Drawdown Indicators

	TRIRX	QQQX	Difference
Max Drawdown Largest peak-to-trough decline	-51.49%	-57.25%	+5.76%
Max Drawdown (1Y) Largest decline over 1 year	-16.32%	-9.11%	-7.21%
Max Drawdown (3Y) Largest decline over 3 years	-23.38%	-22.80%	-0.58%
Max Drawdown (5Y) Largest decline over 5 years	-32.82%	-29.33%	-3.49%
Max Drawdown (10Y) Largest decline over 10 years	-32.82%	-35.96%	+3.14%
Current Drawdown Current decline from peak	-6.99%	-7.88%	+0.89%
Average Drawdown Average peak-to-trough decline	-6.89%	-8.01%	+1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	2.23%	+2.80%

Volatility

TRIRX vs. QQQX - Volatility Comparison

Nuveen Large Cap Growth Index Fund Retirement Class (TRIRX) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) have volatilities of 6.12% and 6.27%, 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

	TRIRX	QQQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	6.27%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	12.66%	12.62%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	16.27%	15.29%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.61%	19.97%	+1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.14%	21.11%	+0.03%

TRIRX vs. QQQX - Expense Ratio Comparison

TRIRX has a 0.30% expense ratio, which is lower than QQQX's 0.89% expense ratio.

Dividends

TRIRX vs. QQQX - Dividend Comparison

TRIRX's dividend yield for the trailing twelve months is around 4.10%, less than QQQX's 8.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund	8.66%	7.85%	6.73%	7.26%	9.66%	5.85%	6.00%	6.49%	8.40%	5.95%	7.54%	7.23%
TRIRX Nuveen Large Cap Growth Index Fund Retirement Class	4.10%	4.15%	3.00%	1.67%	10.58%	8.44%	1.69%	2.13%	3.69%	0.68%	1.09%	1.31%

Frequently Asked Questions

Can I hold both TRIRX and QQQX in my portfolio?

TRIRX 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, TRIRX or QQQX?

QQQX has higher volatility (6.27%) compared to TRIRX (6.12%). In terms of maximum drawdown, TRIRX dropped -51.49% vs QQQX's -57.25%.

Which has better risk-adjusted returns?

QQQX currently has the higher Sharpe Ratio (1.37 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.