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 a closer substitute for your current allocation.
Cheapest Alternatives to NELIX
NELIX charges 1.35% annually. There are 12 mutual funds in the Long-Short category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | — | Jan 2021 | NELIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | NELIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.07M | Jan 2026 | NELIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | NELIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | NELIX vs BTPIX |
Best Risk-Adjusted Alternatives to NELIX
NELIX has a PortfoliosLab risk / return rank of 41. There are 20 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 98 | — | Nov 1998 | NELIX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | NELIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | NELIX vs VMNFX | |
| Quantitative U.S. Long/Short Equity Portfolio | 95 | — | Sep 2006 | NELIX vs GTAPX | |
| Knights of Columbus Long/Short Equity Fund | 95 | — | Dec 2019 | NELIX vs KCEIX |
Top Performing NELIX Alternatives (YTD)
NELIX is at 7.07% YTD. There are 19 mutual funds in the Long-Short category with higher YTD returns, going as high as 21.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 21.35% | — | Nov 1998 | NELIX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 16.18% | 601.30M | Nov 1998 | NELIX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.18% | — | Oct 1998 | NELIX vs VMNIX | |
| Guggenheim Alpha Opportunity Fund | 15.92% | — | Jul 2003 | NELIX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.20% | — | Sep 2021 | NELIX vs WALSX |
Lowest Volatility Alternatives to NELIX
NELIX has 10.46% 1-year volatility. There are 28 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.67%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.67% | — | Dec 2011 | NELIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.75% | — | Dec 2012 | NELIX vs ASILX | |
| MFS Managed Wealth Fund | 6.03% | — | Jun 2014 | NELIX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.25% | — | Jan 2012 | NELIX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.51% | — | Dec 2019 | NELIX vs KCEIX |
Lowest Drawdown Alternatives to NELIX
NELIX has a 1-year max drawdown of -6.31%. There are 20 mutual funds in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -2.82% | — | Dec 2019 | NELIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | NELIX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | NELIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | NELIX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | NELIX vs LSEIX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Index Fund Class I | Large Cap Blend Equities | 58 | 10.32% | — | Jul 1999 | NELIX vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 63 | 10.40% | — | Jan 2007 | NELIX vs QQQX | |
| Nuveen Large Cap Growth Index Fund R6 Class | Large Cap Growth Equities | 10 | 0.47% | — | Oct 2002 | NELIX vs TILIX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 31 | 8.76% | — | Nov 2005 | NELIX vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 3 | 2.40% | — | Jun 2003 | NELIX vs JQC | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 85 | 2.14% | — | Jun 1999 | NELIX vs NHMRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock | 69 | 0.93% | — | Dec 2006 | NELIX vs NPSRX | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 27 | 5.21% | — | Mar 2006 | NELIX vs NSBRX | |
| Nuveen Flexible Income Fund | Diversified Portfolio | 96 | 5.34% | — | Dec 2009 | NELIX vs NWQIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 88 | 1.83% | — | Jan 2013 | NELIX vs NVHIX |
Often Compared With NELIX
Investors most often compare NELIX with IVV, CLSE, QLEIX. These 20 comparison targets span 14 categories, 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.
Pair NELIX with funds that move differently
Nuveen Equity Long/Short Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NELIX.
Explore NELIX Diversifiers