QQQX vs SPY
Comparison between Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed QQQX, delivering a return of +13.3% compared to +9.9%
QQQX vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QQQX
$1.40B
Winner
SPY
$652B
Expense Ratio
QQQX
N/A
SPY
0.09%
Max Drawdown
QQQX
63.42%
Winner
SPY
56.47%
Sharpe Ratio
QQQX
2.05
Winner
SPY
2.07
5Y Beta
Winner
QQQX
0.99
SPY
1.00
P/E Ratio
QQQX
N/A
SPY
28.24
Forward P/E
QQQX
N/A
SPY
21.85
5Y Dividends CAGR
Winner
QQQX
12.02%
SPY
5.43%
5Y EPS CAGR
QQQX
N/A
SPY
25.79%
Debt to Equity
QQQX
N/A
SPY
22.35%
P/S Ratio
QQQX
N/A
SPY
3.55
P/B Ratio
QQQX
N/A
SPY
5.29
QQQX vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
QQQX
+8.54%
Winner
SPY
+9.11%
3M
Winner
QQQX
+12.82%
SPY
+6.59%
6M
Winner
QQQX
+16.57%
SPY
+10.56%
1Y
Winner
QQQX
+37.74%
SPY
+32.04%
5Y(CAGR)
QQQX
+9.87%
Winner
SPY
+13.35%
10Y(CAGR)
QQQX
+13.63%
Winner
SPY
+15.49%
Max(CAGR)
Winner
QQQX
+11.09%
SPY
+8.50%
QQQX vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | QQQX | SPY |
|---|---|---|
| 2026 | +10.52% | +8.27% |
| 2025 | +15.56% | +18.00% |
| 2024 | +27.43% | +25.59% |
| 2023 | +18.44% | +26.72% |
| 2022 | -27.80% | -18.64% |
| 2021 | +27.24% | +30.52% |
| 2020 | +15.68% | +17.28% |
| 2019 | +27.43% | +31.09% |
| 2018 | -12.60% | -5.24% |
| 2017 | +38.65% | +20.78% |
| 2016 | +5.28% | +13.59% |
| 2015 | +8.09% | +1.31% |
| 2014 | +16.46% | +14.56% |
| 2013 | +23.73% | +29.00% |
| 2012 | +22.61% | +14.17% |
| 2011 | -0.81% | +0.85% |
| 2010 | +9.01% | +13.14% |
| 2009 | +66.97% | +22.67% |
| 2008 | -41.65% | -36.25% |
| 2007 | -0.93% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
QQQX vs SPY Drawdown Comparison
The maximum drawdown for QQQX was -57.28%, occurring on Nov 20, 2008. Recovery took 474 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | QQQX | SPY |
|---|---|---|
| #1 | -57.28% Oct 29, 2007 - Sep 16, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -35.78% Feb 19, 2020 - Jul 9, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -31.30% Jun 14, 2018 - Feb 18, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -29.32% Jan 3, 2022 - Jul 3, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -22.85% Jan 23, 2025 - Jul 25, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -19.92% Dec 22, 2009 - Dec 6, 2010 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -18.67% Dec 29, 2015 - Sep 6, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -18.20% Nov 28, 2014 - Nov 4, 2015 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -17.92% Jul 21, 2011 - Jan 25, 2012 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -15.85% Sep 2, 2020 - Jan 20, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -15.65% Jul 13, 2007 - Oct 12, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -15.57% Sep 21, 2012 - Jan 17, 2013 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -14.78% Jan 4, 2018 - Mar 9, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -12.74% Apr 5, 2012 - Jul 27, 2012 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.52% Jul 10, 2024 - Oct 14, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between QQQX and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
QQQX vs SPY dividend yield comparison.
| Year | QQQX | SPY |
|---|---|---|
| 2026 | 2.00% | 0.24% |
| 2025 | 7.85% | 1.07% |
| 2024 | 6.73% | 1.21% |
| 2023 | 7.26% | 1.40% |
| 2022 | 9.66% | 1.65% |
| 2021 | 5.85% | 1.20% |
| 2020 | 6.00% | 1.52% |
| 2019 | 6.49% | 1.75% |
| 2018 | 8.40% | 2.04% |
| 2017 | 5.95% | 1.80% |
| 2016 | 7.54% | 2.03% |
| 2015 | 7.23% | 2.06% |
| 2014 | 7.07% | 1.87% |
| 2013 | 6.79% | 1.81% |
| 2012 | 8.01% | 2.18% |
| 2011 | 9.49% | 2.05% |
| 2010 | 8.96% | 1.80% |
| 2009 | 12.84% | 1.95% |
| 2008 | 19.91% | 3.02% |
| 2007 | 9.28% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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