SPXX vs TMF

Comparison between Nuveen S&P 500 Dynamic Overwrite Fund (SPXX, ETF) and DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES (TMF, ETF).

5-Year PerformanceSPXX has outperformed TMF, delivering a return of +8.7% compared to -29.5%

SPXX vs TMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPXX(ETF)	TMF(ETF)
Net Assets	$2.70B	$2.70B
Max Drawdown	59.96%	93.33%
Sharpe Ratio	0.97	-0.16
5Y Beta	0.80	0.19
5Y Dividends CAGR	11.48%	-26.36%

Net Assets

SPXX

$2.70B

TMF

$2.70B

Max Drawdown

Winner

SPXX

59.96%

TMF

93.33%

Sharpe Ratio

Winner

SPXX

0.97

TMF

-0.16

5Y Beta

SPXX

0.80

Winner

TMF

0.19

5Y Dividends CAGR

Winner

SPXX

11.48%

TMF

-26.36%

SPXX vs TMF - Historical Returns

Returns include dividend reinvestment.

Period	SPXX	TMF
1 month	+5.04%	-3.24%
3 months	+1.79%	-8.15%
6 months	+5.86%	-13.64%
1 year	+13.83%	-3.01%
5 years(CAGR)	+8.71%	-29.55%
10 years(CAGR)	+10.14%	-16.22%
Max(CAGR)	+7.40%	-6.05%

Winner

SPXX

+5.04%

TMF

-3.24%

Winner

SPXX

+1.79%

TMF

-8.15%

Winner

SPXX

+5.86%

TMF

-13.64%

Winner

SPXX

+13.83%

TMF

-3.01%

5Y(CAGR)

Winner

SPXX

+8.71%

TMF

-29.55%

10Y(CAGR)

Winner

SPXX

+10.14%

TMF

-16.22%

Max(CAGR)

Winner

SPXX

+7.40%

TMF

-6.05%

SPXX vs TMF - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	SPXX	TMF
2026	+1.56%	-5.18%
2025	+11.56%	-3.69%
2024	+28.64%	-34.61%
2023	+1.77%	-17.42%
2022	-7.14%	-70.36%
2021	+31.06%	-19.51%
2020	+0.75%	+34.34%
2019	+23.48%	+32.62%
2018	-14.40%	-7.97%
2017	+28.09%	+21.53%
2016	+14.57%	-5.33%
2015	+2.35%	-16.30%
2014	+9.85%	+95.37%
2013	+15.93%	-36.52%
2012	+15.76%	+5.23%
2011	-5.57%	+112.97%
2010	+13.97%	+16.06%
2009	+28.61%	-39.24%
2008	-29.58%	N/A
2007	-4.08%	N/A
2006	+22.10%	N/A
2005	-13.75%	N/A

SPXX vs TMF Drawdown Comparison

The maximum drawdown for SPXX was -52.38%, occurring on Mar 9, 2009. Recovery took 924 trading sessions.

The maximum drawdown for TMF was -92.61%, occurring on May 21, 2025. This drawdown has not yet recovered.

The current SPXX drawdown is -0.10%. The current TMF drawdown is -92.20%.

Rank	SPXX	TMF
#1	-52.38% Apr 12, 2007 - Dec 9, 2010	-92.61% Mar 9, 2020 - May 21, 2025
#2	-43.80% Jun 7, 2018 - Mar 1, 2021	-53.33% Jul 25, 2012 - Jan 5, 2015
#3	-18.59% Dec 14, 2010 - Feb 13, 2012	-51.11% Jul 8, 2016 - Aug 12, 2019
#4	-18.06% Jan 12, 2022 - Dec 1, 2022	-46.17% Aug 26, 2010 - Aug 10, 2011
#5	-17.95% Dec 1, 2022 - Jun 6, 2024	-44.57% Apr 20, 2009 - Aug 19, 2010
#6	-17.67% Feb 19, 2025 - Jun 30, 2025	-42.46% Jan 30, 2015 - Jun 27, 2016
#7	-14.69% Nov 30, 2005 - Aug 31, 2006	-30.94% Oct 3, 2011 - May 30, 2012
#8	-14.67% Nov 24, 2015 - Apr 12, 2016	-24.59% Aug 28, 2019 - Feb 24, 2020
#9	-11.85% Jan 12, 2026 - Mar 30, 2026	-14.95% Aug 10, 2011 - Aug 18, 2011
#10	-11.20% Oct 1, 2012 - Jan 11, 2013	-14.23% Sep 22, 2011 - Oct 3, 2011
#11	-9.73% Jun 15, 2021 - Dec 30, 2021	-12.90% Aug 19, 2011 - Sep 2, 2011
#12	-9.68% Jul 16, 2015 - Nov 3, 2015	-12.78% Jun 1, 2012 - Jul 23, 2012
#13	-7.94% Jan 26, 2018 - May 4, 2018	-7.46% Aug 15, 2019 - Aug 27, 2019
#14	-7.77% Apr 2, 2012 - Jul 27, 2012	-6.18% Sep 12, 2011 - Sep 19, 2011
#15	-7.69% Jul 16, 2024 - Aug 26, 2024	-5.52% Sep 6, 2011 - Sep 9, 2011

Correlation

Correlation between SPXX and TMF is -0.18 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.18

-101

Dividend Comparison (2006 - 2026)

SPXX vs TMF dividend yield comparison.

Year	SPXX	TMF
2026	1.88%	0.63%
2025	7.48%	4.06%
2024	6.87%	4.29%
2023	7.82%	2.82%
2022	7.30%	1.62%
2021	5.27%	0.13%
2020	6.56%	2.24%
2019	6.44%	0.94%
2018	7.98%	1.49%
2017	5.69%	0.41%
2016	5.14%	0.00%
2015	7.75%	0.00%
2014	7.30%	0.00%
2013	7.93%	0.57%
2012	8.66%	0.17%
2011	9.28%	0.70%
2010	8.09%	5.12%
2009	8.56%	15.58%
2008	13.80%	0.00%
2007	9.46%	0.00%
2006	8.36%	0.00%