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Nuveen S&P 500 Dynamic Overwrite FundSPXX -1.30%56 Return-on-Tangible-Asset is 21.22% as of Dec. 2025, which is 43% above its 10-year median of 14.88. GuruFocus rates SPXX with a GF Score™ of 56/100 and a GF Value™ of $15.28 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,637 Asset Management companies, Nuveen S&P 500 Dynamic Overwrite Fund ranks better than 74.04% on this metric.
The historical rank and industry rank for Nuveen S&P 500 Dynamic Overwrite Fund's Return-on-Tangible-Asset or its related term are showing as below:
SPXX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.8 Med: 14.88 Max: 19.79
Current: 11.83
During the past 9 years, Nuveen S&P 500 Dynamic Overwrite Fund's highest Return-on-Tangible-Asset was 19.79%. The lowest was -15.80%. And the median was 14.88%.
SPXX's Return-on-Tangible-Asset is ranked better than 74.04% of 1637
companies
in the Asset Management industry
Industry Median: 4.23
vs SPXX: 11.83
Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Nuveen S&P 500 Dynamic Overwrite Fund Return-on-Tangible-Asset Related Terms
Nuveen S&P 500 Dynamic Overwrite Fund Return-on-Tangible-Asset Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nuveen S&P 500 Dynamic Overwrite Fund Return-on-Tangible-Asset Chart
SPXX vs BKT, CAF, HIO: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Nuveen S&P 500 Dynamic Overwrite Fund's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nuveen S&P 500 Dynamic Overwrite Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen S&P 500 Dynamic Overwrite Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nuveen S&P 500 Dynamic Overwrite Fund's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 21.22% mean?
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) has a Return-on-Tangible-Asset of 21.22% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nuveen S&P 500 Dynamic Overwrite Fund and its competitors. This is 43% above median its historical median of 14.88. According to the industry distribution chart, Nuveen S&P 500 Dynamic Overwrite Fund ranks #425 out of 1637 companies in the Asset Management industry, placing it in the top 26%.
Is Nuveen S&P 500 Dynamic Overwrite Fund's Return-on-Tangible-Asset too high?
Nuveen S&P 500 Dynamic Overwrite Fund's current Return-on-Tangible-Asset of 21.22% is 43% above median its 10-year median of 14.88. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Nuveen S&P 500 Dynamic Overwrite Fund's value of 21.22% is 401.7% above this industry median. Based on the distribution chart, Nuveen S&P 500 Dynamic Overwrite Fund ranks #425 out of 1637 companies in the Asset Management industry, which is above the industry midpoint. Overall, Nuveen S&P 500 Dynamic Overwrite Fund has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nuveen S&P 500 Dynamic Overwrite Fund's Return-on-Tangible-Asset compare to BKT and CAF?
According to the Asset Management industry distribution chart, Nuveen S&P 500 Dynamic Overwrite Fund ranks #425 out of 1637 companies for Return-on-Tangible-Asset. This puts Nuveen S&P 500 Dynamic Overwrite Fund in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. Nuveen S&P 500 Dynamic Overwrite Fund's value of 21.22% is 401.7% above this benchmark. While the company's 10-year median is 14.88 vs. the industry median of 4.23, Nuveen S&P 500 Dynamic Overwrite Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.23, based on 1,637 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen S&P 500 Dynamic Overwrite Fund's current Return-on-Tangible-Asset of 21.22% is 401.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nuveen S&P 500 Dynamic Overwrite Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen S&P 500 Dynamic Overwrite Fund's current Return-on-Tangible-Asset is 21.22%, which is 43% above median its own 10-year median of 14.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen S&P 500 Dynamic Overwrite Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is currently considered Modestly Overvalued. The stock's GF Value™ is $15.28, compared to a current price of $18.21 — trading 19.2% above its estimated fair value. The current Return-on-Tangible-Asset is 21.22%, which is 43% above median its 10-year median of 14.88 and 401.7% above the Asset Management industry median of 4.23. Nuveen S&P 500 Dynamic Overwrite Fund's overall GF Score™ is 56/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Nuveen S&P 500 Dynamic Overwrite Fund (SPXX), the current Return-on-Tangible-Asset is 21.22% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen S&P 500 Dynamic Overwrite Fund stock appears to be overvalued.
The current stock price of $18.21 is trading 19.2% above its estimated GF Value™ of $15.28.
GuruFocus considers Nuveen S&P 500 Dynamic Overwrite Fund to be Modestly Overvalued.
Key valuation signals for SPXX:
Return-on-Tangible-Asset: 21.22% (43% above median its 10-year median of 14.88)
GF Value™: $15.28 vs. price of $18.21 (19.2% above fair value)
Industry Position: 401.7% above the Asset Management median (#425 of 1637)
No single metric tells the full story. See the SPXX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen S&P 500 Dynamic Overwrite Fund Business Description
Nuveen S&P 500 Dynamic Overwrite Fund is a diversified closed-end management investment company. Its investment objective is to seek attractive total returns with less volatility than the S&P 500 Index by investing in a U.S. equity portfolio that seeks to substantially replicate the price movements of the S&P 500 Index, as well as selling call options on approximately 35% to 75% of the notional value of the Fund's equity portfolio in an effort to enhance the Fund's risk-adjusted returns.
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