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 14 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%	11.94M	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 60. There are 14 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
BDMIX	BlackRock Global Long/Short Equity Fund Class I	96	—	Dec 2012	NELIX vs BDMIX
BPLEX	Boston Partners Long/Short Equity Fund	94	—	Nov 1998	NELIX vs BPLEX
LSEIX	Persimmon Long/Short Fund	88	—	Dec 2012	NELIX vs LSEIX
VMNIX	Vanguard Market Neutral Fund Institutional Shares	88	—	Oct 1998	NELIX vs VMNIX
VMNFX	Vanguard Market Neutral Fund Investor Shares	88	561.90M	Nov 1998	NELIX vs VMNFX

Top Performing NELIX Alternatives (YTD)

NELIX is at 8.59% YTD. There are 15 mutual funds in the Long-Short category with higher YTD returns, going as high as 14.62%.

Symbol	Name	YTD Return	AUM	Inception
ADOIX	ACM Dynamic Opportunity Fund	14.62%	—	Jan 2015	NELIX vs ADOIX
VMNIX	Vanguard Market Neutral Fund Institutional Shares	14.39%	—	Oct 1998	NELIX vs VMNIX
VMNFX	Vanguard Market Neutral Fund Investor Shares	14.39%	561.90M	Nov 1998	NELIX vs VMNFX
CRIHX	CRM Long/Short Opportunities Fund	13.95%	—	Aug 2016	NELIX vs CRIHX
BPLEX	Boston Partners Long/Short Equity Fund	13.85%	—	Nov 1998	NELIX vs BPLEX

Lowest Volatility Alternatives to NELIX

NELIX has 10.01% 1-year volatility. There are 29 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.29%.

Symbol	Name	Volatility 1Y	AUM	Inception
NLSIX	Neuberger Berman Long Short Fund	5.29%	—	Dec 2011	NELIX vs NLSIX
ASILX	AB Select US Long/Short Portfolio	5.56%	—	Dec 2012	NELIX vs ASILX
MNWIX	MFS Managed Wealth Fund	5.86%	—	Jun 2014	NELIX vs MNWIX
KCEIX	Knights of Columbus Long/Short Equity Fund	6.07%	—	Dec 2019	NELIX vs KCEIX
WRAIX	Wilmington Global Alpha Equities Fund	6.17%	—	Jan 2012	NELIX vs WRAIX

Lowest Drawdown Alternatives to NELIX

NELIX has a 1-year max drawdown of -6.31%. There are 21 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
BDMIX	BlackRock Global Long/Short Equity Fund Class I	-3.24%	—	Dec 2012	NELIX vs BDMIX
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

Other Mutual Funds from Nuveen

The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, SPXX and span 12 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TIEIX	Nuveen Equity Index Fund Class I	Large Cap Blend Equities	63	10.07%	—	Jul 1999	NELIX vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	50	7.43%	—	Jan 2007	NELIX vs QQQX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	15	3.44%	—	Nov 2005	NELIX vs SPXX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	61	3.32%	—	Jun 1999	NELIX vs NHMRX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	5	2.20%	—	Jun 2003	NELIX vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	15	1.69%	—	Mar 2006	NELIX vs NSBRX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	74	0.60%	—	Dec 2006	NELIX vs NPSRX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	65	2.04%	—	Jan 2013	NELIX vs NVHIX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	14	6.96%	—	May 2009	NELIX vs NVLIX
FASEX	Nuveen Mid Cap Value Fund	Mid Cap Value Equities	82	20.50%	—	Dec 1987	NELIX vs FASEX

Often Compared With NELIX

Investors most often compare NELIX with IVV, CLSE, QLEIX. These 20 comparison targets span 11 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	59	8.20%	837.93B	May 2000	NELIX vs IVV
CLSE	Convergence Long/Short Equity ETF	Long-Short, Actively Managed	95	24.77%	447.61M	Dec 2009	NELIX vs CLSE
QLEIX	AQR Long-Short Equity Fund	Long-Short	57	-0.52%	—	Jul 2013	NELIX vs QLEIX
QAMNX	Federated Hermes MDT Market Neutral A	Long-Short	7	-1.17%	—	Sep 2008	NELIX vs QAMNX
FJMNX	Nuveen Minnesota Municipal Bond Fund	Municipal Bonds	75	1.52%	—	Jul 1988	NELIX vs FJMNX
TTIHX	Nuveen Lifecycle Index 2055 Fund Class I	Target Retirement Date	70	11.56%	—	Dec 2015	NELIX vs TTIHX
NQCRX	Nuveen Large Cap Value Fund	Large Cap Value Equities	92	18.43%	—	Dec 2006	NELIX vs NQCRX
SPY	State Street SPDR S&P 500 ETF	S&P 500	59	8.15%	765.27B	Jan 1993	NELIX vs SPY
FFEIX	Nuveen Dividend Value Fund	Large Cap Value Equities	75	12.89%	—	Dec 1992	NELIX vs FFEIX
VOO	Vanguard S&P 500 ETF	S&P 500	59	8.19%	1.70T	Sep 2010	NELIX vs VOO
NCHRX	Nuveen California High Yield Municipal Bond Fund	Municipal Bonds	68	2.32%	—	Mar 2006	NELIX vs NCHRX
FARCX	Nuveen Real Estate Securities Fund	REIT	27	14.50%	—	Jun 1995	NELIX vs FARCX
JFR	Nuveen Floating Rate Income Fund	High Yield Bonds	7	4.06%	—	Mar 2004	NELIX vs JFR
FISGX	Nuveen Mid Cap Growth Opportunities Fund	Mid Cap Growth Equities	43	19.31%	—	Dec 1989	NELIX vs FISGX
NMI	Nuveen Municipal Income Fund, Inc.	Municipal Bonds	18	13.22%	—	Apr 1998	NELIX vs NMI
FKYTX	Nuveen Kentucky Municipal Bond Fund	Municipal Bonds	64	1.20%	—	May 1987	NELIX vs FKYTX
FCBYX	Nuveen Strategic Income Fund	Multisector Bonds	69	0.96%	—	Jan 2000	NELIX vs FCBYX
FMITX	Nuveen Michigan Municipal Bond Fund	Municipal Bonds	67	1.40%	—	Jun 1985	NELIX vs FMITX
NRK	Nuveen New York AMT Free Quality Municipal Income	Municipal Bonds	70	9.70%	—	Nov 2002	NELIX vs NRK
NPCT	Nuveen Core Plus Impact Fund	Intermediate Core-Plus Bond	4	2.41%	—	Apr 2021	NELIX vs NPCT

Compare NELIX with Any Fund or Stock

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

Symbol name

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