Nuveen Equity Long/Short Fund (NELIX)
The investment seeks long-term capital appreciation with low correlation to the U.S. equity market. The fund pursues its investment objective by establishing long and short positions in a diversified portfolio of equity securities. Substantially all of the equity securities in which the fund takes long and short positions will be included in the fund's benchmark index, the Russell 1000 Index, at the time the position is taken. As a result, the fund will invest significantly in large-capitalization companies.
Fund Info
US67065W1678
Dec 29, 2008
$100,000
Large-Cap
Blend
Expense Ratio
NELIX has a high expense ratio of 1.35%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Nuveen Equity Long/Short Fund (NELIX) returned -0.15% year-to-date (YTD) and 9.37% over the past 12 months. Over the past 10 years, NELIX returned 8.01% annually, underperforming the S&P 500 benchmark at 10.84%.
NELIX
-0.15%
5.24%
-1.44%
9.37%
12.26%
12.90%
8.01%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of NELIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.49% | -1.37% | -5.79% | -0.16% | 5.01% | -0.15% | |||||||
| 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% |
| 2020 | -4.61% | -6.65% | -7.78% | 7.92% | 3.06% | 2.08% | 2.06% | 3.92% | -4.36% | -3.45% | 5.78% | 2.71% | -0.79% |
| 2019 | 2.96% | -1.67% | -1.05% | 2.73% | -5.43% | 4.45% | 1.65% | -0.43% | -0.38% | 1.08% | 0.57% | 2.08% | 6.35% |
| 2018 | 6.50% | -1.11% | -3.20% | 1.00% | 1.31% | -0.61% | 0.73% | 3.93% | 0.02% | -2.23% | -1.03% | -7.06% | -2.36% |
| 2017 | 1.25% | 4.38% | -0.18% | 1.14% | -2.90% | 2.23% | 2.11% | 1.78% | 2.08% | 1.79% | 2.51% | 1.78% | 19.32% |
| 2016 | -7.74% | -0.73% | 5.23% | -2.27% | 0.62% | -2.71% | 4.59% | 0.76% | 0.42% | 0.06% | 8.32% | -0.94% | 4.76% |
| 2015 | -3.60% | 4.10% | -1.90% | -0.21% | 2.65% | -0.93% | 0.56% | -3.27% | -0.42% | 6.87% | -1.84% | -1.21% | 0.29% |
| 2014 | -3.50% | 1.62% | 0.65% | -0.61% | 2.17% | -0.73% | 1.12% | 1.90% | -1.24% | 2.48% | 3.99% | 0.98% | 8.95% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NELIX is 47, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Nuveen Equity Long/Short Fund provided a 4.78% dividend yield over the last twelve months, with an annual payout of $2.90 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.90 | $2.90 | $2.21 | $3.03 | $1.35 | $0.00 | $0.00 | $0.55 | $0.66 | $0.00 | $0.00 | $0.08 |
Dividend yield | 4.78% | 4.78% | 4.20% | 6.84% | 2.44% | 0.00% | 0.00% | 1.35% | 1.58% | 0.00% | 0.00% | 0.24% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $0.66 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.08 | $0.08 |
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 3.76%.
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 | 196 | Oct 14, 2022 | 229 | Sep 14, 2023 | 425 |
| -17.08% | Oct 29, 2015 | 72 | Feb 11, 2016 | 192 | Nov 14, 2016 | 264 |
| -15.5% | Jan 24, 2025 | 52 | Apr 8, 2025 | — | — | — |
| -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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