SPXX vs VRP

Comparison between Nuveen S&P 500 Dynamic Overwrite Fund (SPXX, ETF) and INVESCO VARIABLE RATE PREFERRED ETF (VRP, ETF).

5-Year PerformanceSPXX has outperformed VRP, delivering a return of +6.9% compared to +4.3%

SPXX vs VRP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPXX(ETF)	VRP(ETF)
Net Assets	$2.90B	$2.90B
Expense Ratio	N/A	0.50%
Max Drawdown	59.96%	46.22%
Sharpe Ratio	0.68	0.94
5Y Beta	0.80	0.15
5Y Dividends CAGR	11.48%	8.33%

Net Assets

SPXX

$2.90B

VRP

$2.90B

Expense Ratio

SPXX

N/A

VRP

0.50%

Max Drawdown

SPXX

59.96%

Winner

VRP

46.22%

Sharpe Ratio

SPXX

0.68

Winner

VRP

0.94

5Y Beta

SPXX

0.80

Winner

VRP

0.15

5Y Dividends CAGR

Winner

SPXX

11.48%

VRP

8.33%

SPXX vs VRP - Historical Returns

Returns include dividend reinvestment.

Period	SPXX	VRP
1 month	+1.51%	+0.33%
3 months	+8.07%	+1.76%
6 months	+5.89%	+2.65%
1 year	+11.48%	+6.51%
5 years(CAGR)	+6.89%	+4.34%
10 years(CAGR)	+10.13%	+5.23%
Max(CAGR)	+7.44%	+5.09%

Winner

SPXX

+1.51%

VRP

+0.33%

Winner

SPXX

+8.07%

VRP

+1.76%

Winner

SPXX

+5.89%

VRP

+2.65%

Winner

SPXX

+11.48%

VRP

+6.51%

5Y(CAGR)

Winner

SPXX

+6.89%

VRP

+4.34%

10Y(CAGR)

Winner

SPXX

+10.13%

VRP

+5.23%

Max(CAGR)

Winner

SPXX

+7.44%

VRP

+5.09%

SPXX vs VRP - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	SPXX	VRP
2026	+3.04%	+1.98%
2025	+11.56%	+7.07%
2024	+28.64%	+11.29%
2023	+1.77%	+10.49%
2022	-7.14%	-9.00%
2021	+31.06%	+4.93%
2020	+0.75%	+4.79%
2019	+23.48%	+18.32%
2018	-14.40%	-6.37%
2017	+28.09%	+8.94%
2016	+14.57%	+6.93%
2015	+2.35%	+2.65%
2014	+9.85%	+1.81%
2013	+15.93%	N/A
2012	+15.76%	N/A
2011	-5.57%	N/A
2010	+13.97%	N/A
2009	+28.61%	N/A
2008	-29.58%	N/A
2007	-4.08%	N/A
2006	+22.10%	N/A
2005	-13.75%	N/A

SPXX vs VRP Drawdown Comparison

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

The maximum drawdown for VRP was -46.04%, occurring on Mar 18, 2020. Recovery took 193 trading sessions.

The current SPXX drawdown is -1.41%. The current VRP drawdown is -0.04%.

Rank	SPXX	VRP
#1	-52.38% Apr 12, 2007 - Dec 9, 2010	-46.04% Feb 12, 2020 - Nov 16, 2020
#2	-43.80% Jun 7, 2018 - Mar 1, 2021	-13.76% Sep 22, 2021 - Jan 10, 2024
#3	-18.59% Dec 14, 2010 - Feb 13, 2012	-9.04% Aug 31, 2018 - Mar 1, 2019
#4	-18.06% Jan 12, 2022 - Dec 1, 2022	-7.54% Apr 24, 2015 - Apr 22, 2016
#5	-17.95% Dec 1, 2022 - Jun 6, 2024	-5.38% Sep 6, 2016 - Feb 7, 2017
#6	-17.67% Feb 19, 2025 - Jun 30, 2025	-4.26% Feb 28, 2025 - May 16, 2025
#7	-14.69% Nov 30, 2005 - Aug 31, 2006	-2.89% Feb 24, 2026 - Apr 20, 2026
#8	-14.67% Nov 24, 2015 - Apr 12, 2016	-2.43% Oct 23, 2017 - Aug 31, 2018
#9	-11.85% Jan 12, 2026 - May 13, 2026	-1.88% Jul 18, 2024 - Aug 15, 2024
#10	-11.20% Oct 1, 2012 - Jan 11, 2013	-1.72% Mar 22, 2024 - May 2, 2024
#11	-9.73% Jun 15, 2021 - Dec 30, 2021	-1.71% Aug 29, 2014 - Jan 26, 2015
#12	-9.68% Jul 16, 2015 - Nov 3, 2015	-1.67% Feb 9, 2021 - Mar 31, 2021
#13	-7.94% Jan 26, 2018 - May 4, 2018	-1.55% Jan 3, 2025 - Feb 5, 2025
#14	-7.77% Apr 2, 2012 - Jul 27, 2012	-1.41% Feb 27, 2017 - Mar 30, 2017
#15	-7.69% Jul 16, 2024 - Aug 26, 2024	-1.41% Aug 3, 2017 - Oct 23, 2017

Correlation

Correlation between SPXX and VRP is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2006 - 2026)

SPXX vs VRP dividend yield comparison.

Year	SPXX	VRP
2026	1.85%	2.00%
2025	7.48%	6.53%
2024	6.87%	5.78%
2023	7.82%	6.61%
2022	7.30%	5.38%
2021	5.27%	4.25%
2020	6.56%	4.17%
2019	6.44%	4.71%
2018	7.98%	5.28%
2017	5.69%	4.69%
2016	5.14%	5.10%
2015	7.75%	5.02%
2014	7.30%	3.04%
2013	7.93%	0.00%
2012	8.66%	0.00%
2011	9.28%	0.00%
2010	8.09%	0.00%
2009	8.56%	0.00%
2008	13.80%	0.00%
2007	9.46%	0.00%
2006	8.36%	0.00%