Rankings / QQQX
Nuveen Nasdaq 100 Dynamic Overwrite Fund
5.2
Overall Score
QQQX is a closed-end fund managed by Nuveen Fund Advisors. It invests at least 90% of managed assets in an equity portfolio built around the Nasdaq-100, 222 positions as of August 2026, and writes call options on it dynamically. Its stated objective is a total return with less volatility than the Nasdaq-100. It uses no leverage and pays quarterly.
The fund holds Nasdaq-100 stocks and writes call options on a variable portion of the portfolio, typically between 35% and 75%. The coverage ratio is adjusted based on market conditions. Premium collected is distributed quarterly. The strategy does not hedge market declines: down-capture has exceeded up-capture since inception. As a CEF, shares may trade at a discount or premium to NAV.
Volatility of 19.6% against QQQ's 20.9% and 101% down capture mean the overwrite lowered upside without lowering risk.
Cumulative total return of QQQX against QQQ, distributions reinvested.
Cumulative total return, rebased to 0% at the start of each period. Distributions reinvested. Data through end of previous month.
Calendar-year total return, distributions reinvested.
| Year | QQQX | QQQ |
|---|---|---|
| 2026 YTD | +14.52% | +20.83% |
| 2025 | +14.80% | +20.77% |
| 2024 | +10.46% | +25.58% |
| 2023 | +21.63% | +54.85% |
| 2022 | -27.38% | -32.58% |
| 2021 | +25.33% | +27.42% |
| 2020 | +16.02% | +48.62% |
| 2019 | +17.17% | n/a |
Historical years are frozen. YTD is refreshed monthly.
Composite score from six weighted criteria, measured since inception.
Performance since inception against the benchmark.
How much of the benchmark drawdown the fund absorbed.
How much of the benchmark rally the fund kept.
Frequency of distribution cuts below 85% of the previous payment.
Inversely proportional to the annual management fee.
Assets under management on a log scale.
The same six criteria, applied to different trailing periods. Pro subscribers see the full breakdown.
Since inception
5.2
3 years
6.4
1 year
8.3
3 months
7.3
How has QQQX ranked across inception, 3 years, 1 year, and 3 months? Pro subscribers can compare a fund's trajectory over every window, across all 28 funds.
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Expense Ratio
0.900%
Inception Date
January 25, 2007
Benchmark
QQQ
Category
Covered Call - Nasdaq
Distribution Frequency
Quarterly
Maturity Rating
5/5 stars
Scores calculated using CoveredRank methodology. Every formula is published and reproducible.
See full methodology→Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.