Nuveen S&P 500 Dynamic Overwrite FundSPXX 56 Return-on-Tangible-Equity is 21.74% as of Dec. 2025, which is 45% above its 10-year median of 15.02. 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 1,590 Asset Management companies, Nuveen S&P 500 Dynamic Overwrite Fund ranks better than 64.78% on this metric.
The historical rank and industry rank for Nuveen S&P 500 Dynamic Overwrite Fund's Return-on-Tangible-Equity or its related term are showing as below:
SPXX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.06 Med: 15.02 Max: 20.11
Current: 12.04
During the past 9 years, Nuveen S&P 500 Dynamic Overwrite Fund's highest Return-on-Tangible-Equity was 20.11%. The lowest was -16.06%. And the median was 15.02%.
SPXX's Return-on-Tangible-Equity is ranked better than 64.78% of 1590
companies
in the Asset Management industry
Industry Median: 7.12
vs SPXX: 12.04
Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Nuveen S&P 500 Dynamic Overwrite Fund Return-on-Tangible-Equity Related Terms
Nuveen S&P 500 Dynamic Overwrite Fund Return-on-Tangible-Equity 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-Equity Chart
SPXX vs JOF, RIV, PPT: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Nuveen S&P 500 Dynamic Overwrite Fund's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen S&P 500 Dynamic Overwrite Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nuveen S&P 500 Dynamic Overwrite Fund's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 21.74% mean?
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) has a Return-on-Tangible-Equity of 21.74% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nuveen S&P 500 Dynamic Overwrite Fund and its competitors. This is 45% above median its historical median of 15.02. According to the industry distribution chart, Nuveen S&P 500 Dynamic Overwrite Fund ranks #560 out of 1590 companies in the Asset Management industry, placing it in the top 35.2%.
Is Nuveen S&P 500 Dynamic Overwrite Fund's Return-on-Tangible-Equity too high?
Nuveen S&P 500 Dynamic Overwrite Fund's current Return-on-Tangible-Equity of 21.74% is 45% above median its 10-year median of 15.02. The Asset Management industry median Return-on-Tangible-Equity is 7.12. Nuveen S&P 500 Dynamic Overwrite Fund's value of 21.74% is 205.3% above this industry median. Based on the distribution chart, Nuveen S&P 500 Dynamic Overwrite Fund ranks #560 out of 1590 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-Equity compare to JOF and RIV?
According to the Asset Management industry distribution chart, Nuveen S&P 500 Dynamic Overwrite Fund ranks #560 out of 1590 companies for Return-on-Tangible-Equity. This puts Nuveen S&P 500 Dynamic Overwrite Fund in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.12. Nuveen S&P 500 Dynamic Overwrite Fund's value of 21.74% is 205.3% above this benchmark. While the company's 10-year median is 15.02 vs. the industry median of 7.12, 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-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.12, based on 1,590 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 21.74% is 205.3% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nuveen S&P 500 Dynamic Overwrite Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.12 — 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-Equity is 21.74%, which is 45% above median its own 10-year median of 15.02. 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 $18.59 — trading 21.7% above its estimated fair value. The current Return-on-Tangible-Equity is 21.74%, which is 45% above median its 10-year median of 15.02 and 205.3% above the Asset Management industry median of 7.12. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Nuveen S&P 500 Dynamic Overwrite Fund (SPXX), the current Return-on-Tangible-Equity is 21.74% 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 $18.59 is trading 21.7% 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-Equity: 21.74% (45% above median its 10-year median of 15.02)
GF Value™: $15.28 vs. price of $18.59 (21.7% above fair value)
Industry Position: 205.3% above the Asset Management median (#560 of 1590)
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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