VALSX vs. QQQX
VALSX (Value Line Select Growth Fund) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both mutual funds - VALSX is a Large Cap Growth Equities fund managed by Value Line, while QQQX is a Derivative Income fund actively managed by Nuveen. Over the past 10 years, VALSX returned 10.62%/yr vs 12.83%/yr for QQQX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. VALSX charges 1.13%/yr vs 0.89%/yr for QQQX.
Performance
VALSX vs. QQQX - Performance Comparison
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Returns By Period
In the year-to-date period, VALSX achieves a -7.20% return, which is significantly lower than QQQX's 10.40% return. Over the past 10 years, VALSX has underperformed QQQX with an annualized return of 10.62%, while QQQX has yielded a comparatively higher 12.83% annualized return.
VALSX
- 1D
- 0.59%
- 1M
- -0.10%
- 6M
- -7.02%
- YTD
- -7.20%
- 1Y
- -14.22%
- 3Y*
- 3.81%
- 5Y*
- 2.89%
- 10Y*
- 10.62%
- ALL TIME*
- 9.31%
QQQX
- 1D
- 1.86%
- 1M
- -0.07%
- 6M
- 11.46%
- YTD
- 10.40%
- 1Y
- 24.55%
- 3Y*
- 17.08%
- 5Y*
- 8.64%
- 10Y*
- 12.83%
- ALL TIME*
- 10.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.40M | $3.62M | $3.35M | |
| $0.00 | $0.00 | $0.00 |
VALSX vs. QQQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VALSX Value Line Select Growth Fund | -7.20% | -1.86% | 11.90% | 31.29% | -20.74% | 23.76% | 23.07% | 36.62% | 1.25% | 22.34% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 10.40% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 15.75% | 28.83% | -11.68% | 39.19% |
Correlation
The correlation between VALSX and QQQX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | 0.68 |
Over the past year, the correlation between VALSX and QQQX has dropped to 0.34 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
VALSX vs. QQQX — Risk / Return Rank
VALSX
QQQX
VALSX vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Select Growth Fund (VALSX) 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.
| VALSX | QQQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.76 | ||
| Sortino ratioReturn per unit of downside risk | -3.88 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.27 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.71 | -3.54 |
| Martin ratioReturn relative to average drawdown | -1.32 | 9.56 | -10.89 |
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Drawdowns
VALSX vs. QQQX - Drawdown Comparison
The maximum VALSX drawdown since its inception was -55.08%, roughly equal to the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for VALSX and QQQX.
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Drawdown Indicators
| VALSX | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.08% | -57.25% | +2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -18.03% | -9.11% | -8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -22.80% | +4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -28.22% | -29.33% | +1.11% |
Max Drawdown (10Y)Largest decline over 10 years | -34.00% | -35.96% | +1.96% |
Current DrawdownCurrent decline from peak | -16.56% | -3.01% | -13.55% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -7.98% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.40% | 2.57% | +8.83% |
Volatility
VALSX vs. QQQX - Volatility Comparison
The current volatility for Value Line Select Growth Fund (VALSX) is 3.03%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 5.29%. This indicates that VALSX 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
| VALSX | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 5.29% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 13.91% | -4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.16% | 16.37% | -4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 20.14% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 21.19% | -2.95% |
VALSX vs. QQQX - Expense Ratio Comparison
VALSX has a 1.13% expense ratio, which is higher than QQQX's 0.89% expense ratio.
Dividends
VALSX vs. QQQX - Dividend Comparison
VALSX's dividend yield for the trailing twelve months is around 9.26%, more than QQQX's 8.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.23% | 7.85% | 6.73% | 7.26% | 9.66% | 5.85% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% |
VALSX Value Line Select Growth Fund | 9.26% | 8.59% | 11.16% | 9.98% | 12.14% | 14.47% | 27.15% | 6.81% | 10.12% | 7.12% | 6.84% | 17.21% |
Frequently Asked Questions
VALSX and QQQX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQX has higher volatility (5.29%) compared to VALSX (3.03%). In terms of maximum drawdown, VALSX dropped -55.08% vs QQQX's -57.25%.
QQQX currently has the higher Sharpe Ratio (1.51 vs -1.25), 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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