- ISIN
- US67065W1678
- Issuer
- Nuveen
- Inception Date
- Dec 29, 2008
- Category
- Long-Short
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
NELIX Performance Chart
Nuveen Equity Long/Short Fund (NELIX) is up 6.4% since the beginning of the year. NELIX is currently trading at $69 per share. Investors who bought $1,000 worth of NELIX shares 5 years ago would now be looking at an investment worth $1,625.
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Returns By Period
Nuveen Equity Long/Short Fund (NELIX) has returned 6.38% so far this year and 12.58% over the past 12 months. Over the last ten years, NELIX has returned 10.34% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Nuveen Equity Long/Short Fund
- 1D
- 2.22%
- 1M
- -0.67%
- 6M
- 4.80%
- YTD
- 6.38%
- 1Y
- 12.58%
- 3Y*
- 14.80%
- 5Y*
- 10.20%
- 10Y*
- 10.34%
- ALL TIME*
- 9.45%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NELIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 26, 2013, NELIX's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 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% | -2.21% | 7.35% | 2.98% | -0.55% | -1.14% | 6.38% | |||||
| 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 0.53%, beta of 0.71, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since June 26, 2013.
- This fund participated in 73.33% of S&P 500 Index downside but only 68.39% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.53%
- Beta
- 0.71
- R²
- 0.84
- Upside Capture
- 68.39%
- Downside Capture
- 73.33%
Expense Ratio
NELIX has a high expense ratio of 1.35%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NELIX ranks 36 for risk / return — above 36% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NELIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.00 | -0.19 |
| Martin ratioReturn relative to average drawdown | 6.72 | 8.49 | -1.77 |
Dividends
Dividend History
Nuveen Equity Long/Short Fund provided a 3.58% 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 | 3.58% | 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 | $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 2.04%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-28.72%Mar 2020 | 1y 5mo | 10mo 26d | 2y 4moOct 2018 - Feb 2021 | COVID crash2020 |
-19.30%Oct 2022 | 9mo 12d | 11mo 5d | 1y 8moJan 2022 - Sep 2023 | Bear market2022 |
-17.08%Feb 2016 | 3mo 15d | 9mo 7d | 1y 17dOct 2015 - Nov 2016 | — |
-15.50%Apr 2025 | 2mo 14d | 2mo 20d | 5mo 4dJan 2025 - Jun 2025 | 2025 selloff2025 |
-9.70%Aug 2015 | 1mo 9d | 1mo 29d | 3mo 8dJul 2015 - Oct 2015 | — |
Drawdown Indicators
| NELIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.72% | -56.78% | +28.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -9.10% | +2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -15.50% | -18.90% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -25.43% | +6.13% |
Max Drawdown (10Y)Largest decline over 10 years | -28.72% | -33.92% | +5.20% |
Current DrawdownCurrent decline from peak | -2.04% | -1.58% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -10.70% | +6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 2.14% | -0.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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