XQQQX vs. RYGRX
XQQQX (Nuveen NASDAQ 100 Dynamic Overwrite Fund) and RYGRX (Rydex S&P 500 Pure Growth Fund) are both Large Cap Growth Equities funds. Over the past 10 years, XQQQX returned 10.70%/yr vs 13.61%/yr for RYGRX. Their correlation of 0.84 suggests significant overlap in exposure. XQQQX charges 0.92%/yr vs 2.26%/yr for RYGRX.
Performance
XQQQX vs. RYGRX - Performance Comparison
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Returns By Period
In the year-to-date period, XQQQX achieves a 4.30% return, which is significantly lower than RYGRX's 33.25% return. Over the past 10 years, XQQQX has underperformed RYGRX with an annualized return of 10.70%, while RYGRX has yielded a comparatively higher 13.61% 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%
RYGRX
- 1D
- 2.67%
- 1M
- 8.71%
- YTD
- 33.25%
- 6M
- 30.14%
- 1Y
- 41.89%
- 3Y*
- 25.56%
- 5Y*
- 10.73%
- 10Y*
- 13.61%
XQQQX vs. RYGRX - 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% |
RYGRX Rydex S&P 500 Pure Growth Fund | 33.25% | 11.00% | 25.73% | 5.80% | -28.71% | 26.61% | 26.34% | 34.13% | -6.28% | 23.74% |
Correlation
The correlation between XQQQX and RYGRX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2007 | 0.84 |
Over the past year, the correlation between XQQQX and RYGRX has dropped to 0.63 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
XQQQX vs. RYGRX — Risk / Return Rank
XQQQX
RYGRX
XQQQX vs. RYGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen NASDAQ 100 Dynamic Overwrite Fund (XQQQX) and Rydex S&P 500 Pure Growth Fund (RYGRX). 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 | RYGRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.79 | -2.11 |
| Martin ratioReturn relative to average drawdown | 7.11 | 14.10 | -6.98 |
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Drawdowns
XQQQX vs. RYGRX - Drawdown Comparison
The maximum XQQQX drawdown since its inception was -55.29%, roughly equal to the maximum RYGRX drawdown of -54.22%. Use the drawdown chart below to compare losses from any high point for XQQQX and RYGRX.
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Drawdown Indicators
| XQQQX | RYGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.29% | -54.22% | -1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -11.17% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -24.95% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -30.26% | -36.57% | +6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -30.26% | -36.63% | +6.37% |
Current DrawdownCurrent decline from peak | -3.24% | -0.17% | -3.07% |
Average DrawdownAverage peak-to-trough decline | -14.88% | -9.39% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.99% | -0.27% |
Volatility
XQQQX vs. RYGRX - Volatility Comparison
The current volatility for Nuveen NASDAQ 100 Dynamic Overwrite Fund (XQQQX) is 4.95%, while Rydex S&P 500 Pure Growth Fund (RYGRX) has a volatility of 9.93%. This indicates that XQQQX experiences smaller price fluctuations and is considered to be less risky than RYGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XQQQX | RYGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 9.93% | -4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 12.05% | 18.47% | -6.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.12% | 21.50% | -7.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 23.82% | -4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 23.04% | -3.79% |
XQQQX vs. RYGRX - Expense Ratio Comparison
XQQQX has a 0.92% expense ratio, which is lower than RYGRX's 2.26% expense ratio.
Dividends
XQQQX vs. RYGRX - Dividend Comparison
XQQQX has not paid dividends to shareholders, while RYGRX's dividend yield for the trailing twelve months is around 3.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYGRX Rydex S&P 500 Pure Growth Fund | 3.82% | 5.09% | 0.00% | 0.00% | 0.00% | 2.81% | 4.43% | 12.10% | 7.15% | 6.26% | 0.05% | 2.96% |
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
XQQQX and RYGRX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYGRX has higher volatility (9.93%) compared to XQQQX (4.95%). In terms of maximum drawdown, XQQQX dropped -55.29% vs RYGRX's -54.22%.
RYGRX currently has the higher Sharpe Ratio (1.97 vs 1.44), 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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