NELIX Alternatives & Similar Mutual Funds

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 13 mutual funds in the Long-Short category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
PHSWX	Parvin Hedged Equity Solari World Fund	0.01%	—	Jan 2021	NELIX vs PHSWX
MNWIX	MFS Managed Wealth Fund	0.67%	—	Jun 2014	NELIX vs MNWIX
WTLS	WisdomTree Efficient Long/Short US Equity Fund	0.88%	12.26M	Jan 2026	NELIX vs WTLS
SPEDX	Alger Dynamic Opportunities Fund	0.91%	—	Nov 2009	NELIX vs SPEDX
BTPIX	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 47. There are 19 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 97.

Symbol	Name	Risk / Return Rank	AUM	Inception
BPLEX	Boston Partners Long/Short Equity Fund	97	—	Nov 1998	NELIX vs BPLEX
VMNFX	Vanguard Market Neutral Fund Investor Shares	96	561.90M	Nov 1998	NELIX vs VMNFX
VMNIX	Vanguard Market Neutral Fund Institutional Shares	96	—	Oct 1998	NELIX vs VMNIX
JAKVX	John Hancock Disciplined Value Global Long/Short F...	90	—	Apr 2014	NELIX vs JAKVX
GTAPX	Quantitative U.S. Long/Short Equity Portfolio	90	—	Sep 2006	NELIX vs GTAPX

Top Performing NELIX Alternatives (YTD)

NELIX is at 7.30% YTD. There are 18 mutual funds in the Long-Short category with higher YTD returns, going as high as 19.07%.

Symbol	Name	YTD Return	AUM	Inception
BPLEX	Boston Partners Long/Short Equity Fund	19.07%	—	Nov 1998	NELIX vs BPLEX
SAOAX	Guggenheim Alpha Opportunity Fund	16.35%	—	Jul 2003	NELIX vs SAOAX
VMNFX	Vanguard Market Neutral Fund Investor Shares	15.97%	561.90M	Nov 1998	NELIX vs VMNFX
VMNIX	Vanguard Market Neutral Fund Institutional Shares	15.97%	—	Oct 1998	NELIX vs VMNIX
LONGX	Longboard Alternative Growth Fund	13.08%	—	Mar 2015	NELIX vs LONGX

Lowest Volatility Alternatives to NELIX

NELIX has 10.01% 1-year volatility. There are 28 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.30%.

Symbol	Name	Volatility 1Y	AUM	Inception
NLSIX	Neuberger Berman Long Short Fund	5.30%	—	Dec 2011	NELIX vs NLSIX
ASILX	AB Select US Long/Short Portfolio	5.55%	—	Dec 2012	NELIX vs ASILX
MNWIX	MFS Managed Wealth Fund	5.92%	—	Jun 2014	NELIX vs MNWIX
WRAIX	Wilmington Global Alpha Equities Fund	6.24%	—	Jan 2012	NELIX vs WRAIX
KCEIX	Knights of Columbus Long/Short Equity Fund	6.30%	—	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
KCEIX	Knights of Columbus Long/Short Equity Fund	-2.82%	—	Dec 2019	NELIX vs KCEIX
GTAPX	Quantitative U.S. Long/Short Equity Portfolio	-3.01%	—	Sep 2006	NELIX vs GTAPX
ASILX	AB Select US Long/Short Portfolio	-3.61%	—	Dec 2012	NELIX vs ASILX
GARIX	Gotham Absolute Return Fund	-3.85%	—	Aug 2012	NELIX vs GARIX
LSEIX	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
TIEIX	Nuveen Equity Index Fund Class I	Large Cap Blend Equities	61	10.75%	—	Jul 1999	NELIX vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	67	11.69%	—	Jan 2007	NELIX vs QQQX
TILIX	Nuveen Large Cap Growth Index Fund R6 Class	Large Cap Growth Equities	16	3.21%	—	Oct 2002	NELIX vs TILIX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	23	8.01%	—	Nov 2005	NELIX vs SPXX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	82	3.74%	—	Jun 1999	NELIX vs NHMRX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	3	1.98%	—	Jun 2003	NELIX vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	17	3.61%	—	Mar 2006	NELIX vs NSBRX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	74	0.92%	—	Dec 2006	NELIX vs NPSRX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	12	6.35%	—	May 2009	NELIX vs NVLIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	82	2.42%	—	Jan 2013	NELIX vs NVHIX

Often Compared With NELIX

Investors most often compare NELIX with IVV, CLSE, QLEIX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
IVV	iShares Core S&P 500 ETF	S&P 500	67	10.84%	894.38B	May 2000	NELIX vs IVV
CLSE	Convergence Long/Short Equity ETF	Long-Short, Actively Managed	96	24.95%	447.61M	Dec 2009	NELIX vs CLSE
QLEIX	AQR Long-Short Equity Fund	Long-Short	65	-1.42%	—	Jul 2013	NELIX vs QLEIX
QAMNX	Federated Hermes MDT Market Neutral A	Long-Short	17	1.88%	—	Sep 2008	NELIX vs QAMNX
BDMIX	BlackRock Global Equity Market Neutral Fund Class ...	Equity Market Neutral	96	11.18%	—	Dec 2012	NELIX vs BDMIX
FJMNX	Nuveen Minnesota Municipal Bond Fund	Municipal Bonds	82	1.61%	—	Jul 1988	NELIX vs FJMNX
TTIHX	Nuveen Lifecycle Index 2055 Fund Class I	Target Retirement Date	62	10.39%	—	Dec 2015	NELIX vs TTIHX
NQCRX	Nuveen Large Cap Value Fund	Large Cap Value Equities	91	18.60%	—	Dec 2006	NELIX vs NQCRX
FFEIX	Nuveen Dividend Value Fund	Large Cap Value Equities	71	12.55%	—	Dec 1992	NELIX vs FFEIX
SPY	State Street SPDR S&P 500 ETF	S&P 500	66	10.84%	783.21B	Jan 1993	NELIX vs SPY
VOO	Vanguard S&P 500 ETF	S&P 500	67	10.87%	1.70T	Sep 2010	NELIX vs VOO
FISGX	Nuveen Mid Cap Growth Opportunities Fund	Mid Cap Growth Equities	25	11.31%	—	Dec 1989	NELIX vs FISGX
FARCX	Nuveen Real Estate Securities Fund	REIT	50	17.39%	—	Jun 1995	NELIX vs FARCX
NPCT	Nuveen Core Plus Impact Fund	Intermediate Core-Plus Bond	3	3.56%	—	Apr 2021	NELIX vs NPCT
NMI	Nuveen Municipal Income Fund, Inc.	Municipal Bonds	17	10.97%	—	Apr 1998	NELIX vs NMI
JFR	Nuveen Floating Rate Income Fund	High Yield Bonds	6	5.14%	—	Mar 2004	NELIX vs JFR
NCHRX	Nuveen California High Yield Municipal Bond Fund	Municipal Bonds	82	2.59%	—	Mar 2006	NELIX vs NCHRX
FMITX	Nuveen Michigan Municipal Bond Fund	Municipal Bonds	74	1.39%	—	Jun 1985	NELIX vs FMITX
FCBYX	Nuveen Strategic Income Fund	Multisector Bonds	73	1.01%	—	Jan 2000	NELIX vs FCBYX
FKYTX	Nuveen Kentucky Municipal Bond Fund	Municipal Bonds	72	1.17%	—	May 1987	NELIX vs FKYTX

Compare NELIX with Any Fund or Stock

Compare NELIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

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

Nuveen Equity Long/Short Fund (NELIX) Alternatives