SPXX vs VTI
SPXX vs VTI
Nuveen S&P 500 Dynamic Overwrite Fund vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | SPXX | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.91% | 0.03% | |
| AUM | - | $663.5B | |
| Dividend Yield | 7.06% | 1.07% | |
| Holdings | 344 | 3,543 | |
| YTD Return | +10.97% | +14.20% | |
| 1Y Return | +15.55% | +24.16% | |
| 3Y Return (annualized) | +15.69% | +21.12% | |
| 5Y Return (annualized) | +8.82% | +12.37% | |
| Volatility (annualized) | 15.9% | 15.3% | |
| Max Drawdown | -60.0% | -56.6% | |
| Fund Family | Nuveen | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 22, 2005 | May 24, 2001 |
SPXX vs VTI Performance
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is a ETF from Nuveen and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year SPXX returned +15.55% while VTI returned +24.16%. Year to date, SPXX is up 10.97% versus a gain of 14.20% for VTI.
Over three years, SPXX compounded at +15.69% per year against +21.12% for VTI; over five years the annualized figures are +8.82% and +12.37% respectively. Across the full 21-year window we track, VTI has the edge at +8.14% annualized vs +1.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXX has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 15.3% for VTI. 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 -60.0% for SPXX and -56.6% for VTI. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPXX charges 0.91% per year while VTI charges 0.03%. On a $10,000 position that is $91 vs $3 annually, a gap of $88 per year that compounds over a long holding period. On income, SPXX currently yields 7.06% against 1.07% for VTI.
Holdings Overlap
SPXX and VTI share 242 holdings out of 2856 unique holdings combined, representing a 55.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in SPXX | Weight in VTI | Difference |
|---|---|---|---|
| NVDA | 8.42% | 6.32% | 2.10% |
| AAPL | 7.44% | 5.84% | 1.60% |
| MSFT | 6.13% | 3.81% | 2.32% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings SPXX shares with VTI 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, SPXX or VTI?
SPXX has an expense ratio of 0.91% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $88 per year of difference.
Which performed better, SPXX or VTI?
Over the past year SPXX returned +15.55% vs +24.16% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (21 years), SPXX annualized +1.73% vs +8.14% for VTI. Past performance does not guarantee future results.
Which is riskier, SPXX or VTI?
SPXX has been the more volatile fund at 15.9% annualized versus 15.3% for VTI. Worst drawdown: SPXX -60.0% vs VTI -56.6%.
Should I hold both SPXX and VTI?
SPXX and VTI have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPXX and VTI?
SPXX and VTI share 242 common holdings with a 55.4% weight overlap. Combined, they hold 2856 unique securities.
Which pays a higher dividend, SPXX or VTI?
SPXX yields 7.06% while VTI yields 1.07%, so SPXX currently pays the higher dividend yield.
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