XQQQX vs. VIGIX

Last updated Jun 23, 2026

XQQQX (Nuveen NASDAQ 100 Dynamic Overwrite Fund) and VIGIX (Vanguard Growth Index Fund Institutional Shares) are both Large Cap Growth Equities funds - XQQQX tracks the Nasdaq 100 Index while VIGIX tracks the CRSP US Large Cap Growth Index. Both are passively managed. Over the past 10 years, XQQQX returned 10.70%/yr vs 18.14%/yr for VIGIX. Their correlation of 0.92 suggests significant overlap in exposure. XQQQX charges 0.92%/yr vs 0.04%/yr for VIGIX.

Performance

XQQQX vs. VIGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen NASDAQ 100 Dynamic Overwrite Fund (XQQQX) and Vanguard Growth Index Fund Institutional Shares (VIGIX). 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 lower than VIGIX's 7.20% return. Over the past 10 years, XQQQX has underperformed VIGIX with an annualized return of 10.70%, while VIGIX has yielded a comparatively higher 18.14% 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%

VIGIX

• 1D: 1.71%
• 1M: -0.56%
• YTD: 7.20%
• 6M: 6.59%
• 1Y: 25.68%
• 3Y*: 23.76%
• 5Y*: 14.15%
• 10Y*: 18.14%

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

XQQQX vs. VIGIX - 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%
VIGIX Vanguard Growth Index Fund Institutional Shares	7.20%	19.44%	32.68%	46.77%	-33.13%	27.27%	40.19%	37.26%	-3.34%	27.81%

Correlation

The correlation between XQQQX and VIGIX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 31, 2007	0.92

The correlation between XQQQX and VIGIX shifts across timeframes, from 0.80 (1 year) to 0.93 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

XQQQX vs. VIGIX — 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

VIGIX

VIGIX Risk / Return Rank: 26
VIGIX Sharpe Ratio Rank: 31
VIGIX Sortino Ratio Rank: 28
VIGIX Omega Ratio Rank: 29
VIGIX Calmar Ratio Rank: 20
VIGIX Martin Ratio Rank: 23

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. VIGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen NASDAQ 100 Dynamic Overwrite Fund (XQQQX) and Vanguard Growth Index Fund Institutional Shares (VIGIX). 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	VIGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.50	-0.05
Sortino ratio: Return per unit of downside risk	2.02	2.05	-0.04
Omega ratio: Gain probability vs. loss probability	1.27	1.26	+0.01
Calmar ratio: Return relative to maximum drawdown	1.67	1.52	+0.15
Martin ratio: Return relative to average drawdown	7.11	5.24	+1.87

XQQQX vs. VIGIX - Sharpe Ratio Comparison

The current XQQQX Sharpe Ratio is 1.44, which is comparable to the VIGIX Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of XQQQX and VIGIX, 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. VIGIX - Drawdown Comparison

The maximum XQQQX drawdown since its inception was -55.29%, roughly equal to the maximum VIGIX drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for XQQQX and VIGIX.

Drawdown Indicators

	XQQQX	VIGIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.29%	-56.95%	+1.66%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-16.51%	+4.33%
Max Drawdown (3Y) Largest decline over 3 years	-21.59%	-23.03%	+1.44%
Max Drawdown (5Y) Largest decline over 5 years	-30.26%	-35.62%	+5.36%
Max Drawdown (10Y) Largest decline over 10 years	-30.26%	-35.62%	+5.36%
Current Drawdown Current decline from peak	-3.24%	-3.55%	+0.31%
Average Drawdown Average peak-to-trough decline	-14.88%	-16.25%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	4.79%	-2.07%

Volatility

XQQQX vs. VIGIX - Volatility Comparison

The current volatility for Nuveen NASDAQ 100 Dynamic Overwrite Fund (XQQQX) is 4.95%, while Vanguard Growth Index Fund Institutional Shares (VIGIX) has a volatility of 6.58%. This indicates that XQQQX experiences smaller price fluctuations and is considered to be less risky than VIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XQQQX	VIGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	6.58%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	13.43%	-1.38%
Volatility (1Y) Calculated over the trailing 1-year period	14.12%	16.80%	-2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	22.48%	-3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	21.66%	-2.41%

XQQQX vs. VIGIX - Expense Ratio Comparison

XQQQX has a 0.92% expense ratio, which is higher than VIGIX's 0.04% expense ratio.

Dividends

XQQQX vs. VIGIX - Dividend Comparison

XQQQX has not paid dividends to shareholders, while VIGIX's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIGIX Vanguard Growth Index Fund Institutional Shares	0.38%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.15%	1.40%	1.31%
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 VIGIX in my portfolio?

XQQQX and VIGIX have a correlation of 0.80, 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 VIGIX?

VIGIX has higher volatility (6.58%) compared to XQQQX (4.95%). In terms of maximum drawdown, XQQQX dropped -55.29% vs VIGIX's -56.95%.

Which has better risk-adjusted returns?

VIGIX currently has the higher Sharpe Ratio (1.50 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.