QQQX vs SCHD
QQQX vs SCHD
Nuveen NASDAQ 100 Dynamic Overwrite Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. QQQX offers more diversification with 261 holdings.
Side-by-Side Comparison
| Metric | QQQX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.92% | 0.06% | |
| AUM | $173M | $103.7B | |
| Dividend Yield | 7.87% | 3.31% | |
| Holdings | 284 | 104 | |
| YTD Return | +12.29% | +24.26% | |
| 1Y Return | +24.33% | +31.38% | |
| 3Y Return (annualized) | +17.54% | +15.08% | |
| 5Y Return (annualized) | +8.94% | +9.72% | |
| Volatility (annualized) | 20.2% | 13.6% | |
| Max Drawdown | -63.4% | -33.4% | |
| Fund Family | Nuveen | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2007 | Oct 20, 2011 |
QQQX vs SCHD Performance
Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) is a ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year QQQX returned +24.33% while SCHD returned +31.38%. Year to date, QQQX is up 12.29% versus a gain of 24.26% for SCHD.
Over three years, QQQX compounded at +17.54% per year against +15.08% for SCHD; over five years the annualized figures are +8.94% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +4.42%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQX has been the more volatile fund, with annualized monthly volatility of 20.2% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -63.4% for QQQX and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQX charges 0.92% per year while SCHD charges 0.06%. On a $10,000 position that is $92 vs $6 annually, a gap of $86 per year that compounds over a long holding period. On income, QQQX currently yields 7.87% against 3.31% for SCHD.
Holdings Overlap
QQQX and SCHD share 11 holdings out of 350 unique holdings combined, representing a 4.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQX | Weight in SCHD | Difference |
|---|---|---|---|
| AMGN | 1.49% | 4.25% | 2.76% |
| ABT | 0.19% | 4.49% | 4.30% |
| QCOM | 1.41% | 2.72% | 1.31% |
| VZ | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
| TGT | Pro | Pro | Pro |
| F | Pro | Pro | Pro |
| HSY | Pro | Pro | Pro |
| DRI | Pro | Pro | Pro |
| BAH | Pro | Pro | Pro |
See all 10 holdings QQQX shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, QQQX or SCHD?
QQQX has an expense ratio of 0.92% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, QQQX or SCHD?
Over the past year QQQX returned +24.33% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), QQQX annualized +4.42% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, QQQX or SCHD?
QQQX has been the more volatile fund at 20.2% annualized versus 13.6% for SCHD. Worst drawdown: QQQX -63.4% vs SCHD -33.4%.
Should I hold both QQQX and SCHD?
QQQX and SCHD have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQX and SCHD?
QQQX and SCHD share 11 common holdings with a 4.7% weight overlap. Combined, they hold 350 unique securities.
Which pays a higher dividend, QQQX or SCHD?
QQQX yields 7.87% while SCHD yields 3.31%, so QQQX currently pays the higher dividend yield.
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