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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuveen Equity Long/Short Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Nuveen Equity Long/Short Fund (NELIX) has returned -4.35% so far this year and 11.79% over the past 12 months. Over the last ten years, NELIX has returned 9.10% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Nuveen Equity Long/Short Fund
- 1D
- -0.29%
- 1M
- -4.44%
- YTD
- -4.35%
- 6M
- -3.17%
- 1Y
- 11.79%
- 3Y*
- 15.32%
- 5Y*
- 9.56%
- 10Y*
- 9.10%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 26, 2013, NELIX's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, your investment would double in approximately 7.6 years.
Historically, 62% of months were positive and 38% were negative. The best month was Mar 2021 with a return of +8.5%, while the worst month was Mar 2020 at -7.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, NELIX closed higher 54% of trading days. The best single day was Mar 13, 2020 with a return of +7.5%, while the worst single day was Mar 16, 2020 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.51% | -1.39% | -4.44% | -4.35% | |||||||||
| 2025 | 2.49% | -1.37% | -5.79% | -0.16% | 5.08% | 4.67% | 1.39% | 0.73% | 2.95% | 2.08% | -0.29% | -0.54% | 11.31% |
| 2024 | 1.42% | 4.08% | 3.00% | -3.02% | 3.62% | 2.87% | -1.22% | 2.39% | 1.80% | 1.05% | 4.97% | -1.80% | 20.55% |
| 2023 | 2.60% | -2.00% | 3.30% | 1.44% | 1.22% | 6.87% | 2.72% | 0.31% | -2.73% | -0.71% | 6.72% | 2.54% | 24.09% |
| 2022 | -3.13% | -2.94% | 1.42% | -5.78% | -0.48% | -5.27% | 5.12% | -2.71% | -6.09% | 6.33% | 2.06% | -3.65% | -14.94% |
| 2021 | 0.58% | 4.55% | 8.48% | 4.01% | 2.79% | 0.34% | 0.67% | 2.54% | -4.38% | 6.01% | 0.33% | 3.46% | 32.92% |
Benchmark Metrics
Nuveen Equity Long/Short Fund has an annualized alpha of 0.67%, beta of 0.71, and R² of 0.84 versus S&P 500 Index. Calculated based on daily prices since June 27, 2013.
- This fund participated in 73.49% of S&P 500 Index downside but only 68.99% of its upside — more exposed to losses than it benefited from rallies.
- Alpha
- 0.67%
- Beta
- 0.71
- R²
- 0.84
- Upside Capture
- 68.99%
- Downside Capture
- 73.49%
Expense Ratio
NELIX has a high expense ratio of 1.35%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NELIX ranks 45 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and compare them to a chosen benchmark (S&P 500 Index).
| NELIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.90 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.39 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.40 | -0.29 |
Martin ratioReturn relative to average drawdown | 4.90 | 6.61 | -1.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore NELIX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Nuveen Equity Long/Short Fund provided a 3.98% dividend yield over the last twelve months, with an annual payout of $2.48 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.48 | $2.48 | $2.90 | $2.21 | $3.03 | $1.35 | $0.00 | $0.00 | $0.55 | $0.66 |
Dividend yield | 3.98% | 3.81% | 4.78% | 4.20% | 6.84% | 2.44% | 0.00% | 0.00% | 1.35% | 1.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Equity Long/Short Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.48 | $2.48 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.90 | $2.90 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.21 | $2.21 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.03 | $3.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.35 | $1.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen Equity Long/Short Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nuveen Equity Long/Short Fund was 28.72%, occurring on Mar 23, 2020. Recovery took 226 trading sessions.
The current Nuveen Equity Long/Short Fund drawdown is 6.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.72% | Oct 4, 2018 | 368 | Mar 23, 2020 | 226 | Feb 12, 2021 | 594 |
| -19.3% | Jan 5, 2022 | 197 | Oct 14, 2022 | 229 | Sep 14, 2023 | 426 |
| -17.08% | Oct 29, 2015 | 72 | Feb 11, 2016 | 192 | Nov 14, 2016 | 264 |
| -15.5% | Jan 24, 2025 | 52 | Apr 8, 2025 | 55 | Jun 27, 2025 | 107 |
| -9.7% | Jul 17, 2015 | 28 | Aug 25, 2015 | 42 | Oct 23, 2015 | 70 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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