Correlworks

Nuveen NASDAQ 100 Dynamic Overwrite Fund - Shares of Beneficial Interest (QQQX) Correlation Distribution

Across 6,809 rolling correlation observations between Nuveen NASDAQ 100 Dynamic Overwrite Fund - Shares of Beneficial Interest (QQQX) and other NASDAQ-listed stocks, 77% are positive and 23% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.323, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 15.9% and strong negative correlations (≤−0.7) for 0.1%.

Total observations
6,809
Mean correlation
0.323
Most common range
0.5 to 0.6
Positive pairs
77%
Strong positive (≥0.7)
15.9%

Correlation distribution

Correlation rangePairsShareChart
-1.0 to -0.900.0%
-0.9 to -0.840.1%
-0.8 to -0.740.1%
-0.7 to -0.6550.8%
-0.6 to -0.5540.8%
-0.5 to -0.42033.0%
-0.4 to -0.32033.0%
-0.3 to -0.23385.0%
-0.2 to -0.13385.0%
-0.1 to 0.03705.4%
0.0 to 0.13705.4%
0.1 to 0.24176.1%
0.2 to 0.34166.1%
0.3 to 0.45948.7%
0.4 to 0.55948.7%
0.5 to 0.688413.0%
0.6 to 0.788313.0%
0.7 to 0.85277.7%
0.8 to 0.95267.7%
0.9 to 1.0290.4%

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Frequently asked questions

What is the average correlation of QQQX?

Nuveen NASDAQ 100 Dynamic Overwrite Fund - Shares of Beneficial Interest (QQQX) has an average correlation of about 0.323 with other NASDAQ stocks, based on 6,809 pairwise observations.

Is QQQX positively correlated with other stocks?

Mostly yes — 77% of pairs are positive and 23% are negative. Strong positive correlations (≥0.7) make up 15.9%.

What is the most common correlation range for QQQX?

The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33% of all pairs.

Explore the full interactive correlation distribution for QQQX.

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