XQQQX vs. JPC

Last updated Jun 23, 2026

XQQQX (Nuveen NASDAQ 100 Dynamic Overwrite Fund) and JPC (Nuveen Preferred and Income Opportunities Fund) are both mutual funds - XQQQX is a Large Cap Growth Equities fund tracking the Nasdaq 100 Index, while JPC is a Preferred Stock/Convertible Bonds fund managed by Nuveen. Over the past 10 years, XQQQX returned 10.70%/yr vs 5.69%/yr for JPC. At a 0.39 correlation, their price movements are largely independent. XQQQX charges 0.92%/yr vs 0.01%/yr for JPC.

Performance

XQQQX vs. JPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen NASDAQ 100 Dynamic Overwrite Fund (XQQQX) and Nuveen Preferred and Income Opportunities Fund (JPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XQQQX achieves a 4.30% return, which is significantly higher than JPC's 0.03% return. Over the past 10 years, XQQQX has outperformed JPC with an annualized return of 10.70%, while JPC has yielded a comparatively lower 5.69% annualized return.

XQQQX

• 1D: 1.96%
• 1M: -1.47%
• YTD: 4.30%
• 6M: 3.83%
• 1Y: 18.00%
• 3Y*: 15.53%
• 5Y*: 9.26%
• 10Y*: 10.70%

JPC

• 1D: -1.02%
• 1M: -0.35%
• YTD: 0.03%
• 6M: 0.65%
• 1Y: 7.39%
• 3Y*: 17.19%
• 5Y*: 3.72%
• 10Y*: 5.69%

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

XQQQX vs. JPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XQQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund	4.30%	9.55%	27.22%	35.21%	-27.72%	19.87%	16.62%	25.33%	-9.38%	16.84%
JPC Nuveen Preferred and Income Opportunities Fund	0.03%	14.00%	27.58%	0.75%	-19.18%	9.75%	-2.09%	35.25%	-12.70%	13.35%

Correlation

The correlation between XQQQX and JPC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jan 31, 2007	0.39

Return for Risk

XQQQX vs. JPC — Risk / Return Rank

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

XQQQX

XQQQX Risk / Return Rank: 29
XQQQX Sharpe Ratio Rank: 29
XQQQX Sortino Ratio Rank: 27
XQQQX Omega Ratio Rank: 31
XQQQX Calmar Ratio Rank: 24
XQQQX Martin Ratio Rank: 33

JPC

JPC Risk / Return Rank: 9
JPC Sharpe Ratio Rank: 8
JPC Sortino Ratio Rank: 8
JPC Omega Ratio Rank: 10
JPC Calmar Ratio Rank: 7
JPC Martin Ratio Rank: 13

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.

XQQQX vs. JPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen NASDAQ 100 Dynamic Overwrite Fund (XQQQX) and Nuveen Preferred and Income Opportunities Fund (JPC). 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.

	XQQQX	JPC	Difference
Sharpe ratio: Return per unit of total volatility	1.44	0.66	+0.79
Sortino ratio: Return per unit of downside risk	2.02	1.00	+1.01
Omega ratio: Gain probability vs. loss probability	1.27	1.14	+0.13
Calmar ratio: Return relative to maximum drawdown	1.67	0.65	+1.02
Martin ratio: Return relative to average drawdown	7.11	3.40	+3.71

XQQQX vs. JPC - Sharpe Ratio Comparison

The current XQQQX Sharpe Ratio is 1.44, which is higher than the JPC Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of XQQQX and JPC, 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

XQQQX vs. JPC - Drawdown Comparison

The maximum XQQQX drawdown since its inception was -55.29%, smaller than the maximum JPC drawdown of -76.07%. Use the drawdown chart below to compare losses from any high point for XQQQX and JPC.

Drawdown Indicators

	XQQQX	JPC	Difference
Max Drawdown Largest peak-to-trough decline	-55.29%	-76.07%	+20.78%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-11.43%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	-21.59%	-11.65%	-9.94%
Max Drawdown (5Y) Largest decline over 5 years	-30.26%	-32.26%	+2.00%
Max Drawdown (10Y) Largest decline over 10 years	-30.26%	-52.53%	+22.27%
Current Drawdown Current decline from peak	-3.24%	-3.16%	-0.08%
Average Drawdown Average peak-to-trough decline	-14.88%	-9.93%	-4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	2.18%	+0.54%

Volatility

XQQQX vs. JPC - Volatility Comparison

Nuveen NASDAQ 100 Dynamic Overwrite Fund (XQQQX) has a higher volatility of 4.95% compared to Nuveen Preferred and Income Opportunities Fund (JPC) at 2.59%. This indicates that XQQQX's price experiences larger fluctuations and is considered to be riskier than JPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XQQQX	JPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	2.59%	+2.36%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	9.95%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	14.12%	11.36%	+2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	14.52%	+4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	20.64%	-1.39%

XQQQX vs. JPC - Expense Ratio Comparison

XQQQX has a 0.92% expense ratio, which is higher than JPC's 0.01% expense ratio.

Dividends

XQQQX vs. JPC - Dividend Comparison

XQQQX has not paid dividends to shareholders, while JPC's dividend yield for the trailing twelve months is around 9.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPC Nuveen Preferred and Income Opportunities Fund	9.95%	9.79%	8.94%	8.00%	8.74%	6.52%	6.95%	7.00%	9.02%	7.50%	8.14%	8.65%
XQQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund	0.00%	3.62%	6.19%	6.81%	10.06%	6.05%	5.93%	4.93%	2.29%	0.14%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XQQQX and JPC in my portfolio?

XQQQX and JPC 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.

Which is riskier, XQQQX or JPC?

XQQQX has higher volatility (4.95%) compared to JPC (2.59%). In terms of maximum drawdown, XQQQX dropped -55.29% vs JPC's -76.07%.

Which has better risk-adjusted returns?

XQQQX currently has the higher Sharpe Ratio (1.44 vs 0.66), 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.