Nuveen Equity Long/Short Fund (NELIX) Alternatives
Nuveen Equity Long/Short Fund (NELIX) belongs to the Long-Short category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NELIX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to NELIX
NELIX charges 1.35% annually. Among mutual funds in the Long-Short category, these options have the lowest expense ratios among NELIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | Jan 27, 2021 | NELIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | Jun 26, 2014 | NELIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | Jan 20, 2026 | NELIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | Nov 1, 2009 | NELIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | Dec 30, 2012 | NELIX vs BTPIX |
Best Risk-Adjusted Alternatives to NELIX
Among mutual funds in the Long-Short category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 96 | Dec 20, 2012 | NELIX vs BDMIX | |
| AQR Long-Short Equity Fund | 94 | Jul 15, 2013 | NELIX vs QLEIX | |
| AQR Long-Short Equity N | 93 | Jul 16, 2013 | NELIX vs QLENX | |
| Vanguard Market Neutral Fund Institutional Shares | 93 | Oct 19, 1998 | NELIX vs VMNIX | |
| Boston Partners Long/Short Equity Fund | 93 | Nov 16, 1998 | NELIX vs BPLEX |
Top Performing NELIX Alternatives (YTD)
NELIX alternatives from the Long-Short category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 10.14% | Jul 6, 2003 | NELIX vs SAOAX | |
| PIMCO RAE Worldwide Long/Short PLUS Fund | 9.51% | Dec 3, 2014 | NELIX vs PWLIX | |
| Vanguard Market Neutral Fund Institutional Shares | 6.12% | Oct 19, 1998 | NELIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 6.09% | Nov 11, 1998 | NELIX vs VMNFX | |
| Invenomic Fund Institutional Class | 6.05% | Jun 19, 2017 | NELIX vs BIVIX |
Lowest Volatility Alternatives to NELIX
NELIX alternatives from the Long-Short category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| MFS Managed Wealth Fund | 5.68% | Jun 26, 2014 | NELIX vs MNWIX | |
| Neuberger Berman Long Short Fund | 6.34% | Dec 28, 2011 | NELIX vs NLSIX | |
| Federated Hermes MDT Market Neutral A | 6.39% | Sep 30, 2008 | NELIX vs QAMNX | |
| Knights of Columbus Long/Short Equity Fund | 6.52% | Dec 1, 2019 | NELIX vs KCEIX | |
| AB Select US Long/Short Portfolio | 6.59% | Dec 11, 2012 | NELIX vs ASILX |
Lowest Drawdown Alternatives to NELIX
NELIX alternatives from the Long-Short category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -3.50% | Dec 1, 2019 | NELIX vs KCEIX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.60% | Dec 20, 2012 | NELIX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.62% | Dec 11, 2012 | NELIX vs ASILX | |
| Quantitative U.S. Long/Short Equity Portfolio | -4.15% | Sep 28, 2006 | NELIX vs GTAPX | |
| Federated Hermes MDT Market Neutral A | -4.16% | Sep 30, 2008 | NELIX vs QAMNX |
Other Mutual Funds from Nuveen
Most popular Nuveen mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | Large Cap Growth Equities | 71 | -4.39% | Jan 30, 2007 | NELIX vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 9 | -9.14% | Nov 23, 2005 | NELIX vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 9 | 0.13% | Jun 26, 2003 | NELIX vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 23 | -4.17% | Mar 28, 2006 | NELIX vs NSBRX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 15 | -0.75% | Jun 6, 1999 | NELIX vs NHMRX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 49 | 2.64% | Dec 22, 1987 | NELIX vs FASEX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 28 | -0.04% | Jan 31, 2013 | NELIX vs NVHIX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 11 | -14.74% | May 15, 2009 | NELIX vs NVLIX | |
| Nuveen Real Estate Securities Fund | REIT | 13 | 2.69% | Jun 30, 1995 | NELIX vs FARCX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 90 | -1.95% | Dec 18, 2006 | NELIX vs NPSRX |
Often Compared With NELIX
What investors most often compare with NELIX, based on PortfoliosLab usage data.
Compare NELIX with Any Fund or Stock
Compare NELIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.