NUVEEN S&P 500 DYNAMIC OVERWRITE FUND (SPXX) Correlation Distribution
Across 6,809 rolling correlation observations between NUVEEN S&P 500 DYNAMIC OVERWRITE FUND (SPXX) and other NASDAQ-listed stocks, 78.3% are positive and 21.7% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.256, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8.8% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- 0.256
- Most common range
- 0.1 to 0.2
- Positive pairs
- 78.3%
- Strong positive (≥0.7)
- 8.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 89 | 1.3% | |
| -0.6 to -0.5 | 89 | 1.3% | |
| -0.5 to -0.4 | 146 | 2.1% | |
| -0.4 to -0.3 | 146 | 2.1% | |
| -0.3 to -0.2 | 249 | 3.7% | |
| -0.2 to -0.1 | 249 | 3.7% | |
| -0.1 to 0.0 | 460 | 6.8% | |
| 0.0 to 0.1 | 460 | 6.8% | |
| 0.1 to 0.2 | 779 | 11.4% | |
| 0.2 to 0.3 | 778 | 11.4% | |
| 0.3 to 0.4 | 777 | 11.4% | |
| 0.4 to 0.5 | 777 | 11.4% | |
| 0.5 to 0.6 | 579 | 8.5% | |
| 0.6 to 0.7 | 579 | 8.5% | |
| 0.7 to 0.8 | 299 | 4.4% | |
| 0.8 to 0.9 | 298 | 4.4% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of SPXX?
NUVEEN S&P 500 DYNAMIC OVERWRITE FUND (SPXX) has an average correlation of about 0.256 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SPXX positively correlated with other stocks?
Mostly yes — 78.3% of pairs are positive and 21.7% are negative. Strong positive correlations (≥0.7) make up 8.8%.
What is the most common correlation range for SPXX?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 43.7% of all pairs.
Explore the full interactive correlation distribution for SPXX.
Open interactive dashboard →