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 | |
|---|---|---|---|---|---|
| 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% | 11.58M | 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 57. There are 17 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Apr 2014 | NELIX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Dec 2013 | NELIX vs JAKRX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | NELIX vs BPLEX | |
| BlackRock Global Long/Short Equity Fund Class I | 92 | — | Dec 2012 | NELIX vs BDMIX | |
| Gotham Absolute Return Fund | 88 | — | Aug 2012 | NELIX vs GARIX |
Top Performing NELIX Alternatives (YTD)
NELIX is at 8.22% YTD. There are 17 mutual funds in the Long-Short category with higher YTD returns, going as high as 18.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 18.07% | — | Jul 2003 | NELIX vs SAOAX | |
| ACM Dynamic Opportunity Fund | 13.72% | — | Jan 2015 | NELIX vs ADOIX | |
| John Hancock Disciplined Value Global Long/Short F... | 13.49% | — | Apr 2014 | NELIX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 13.30% | — | Dec 2013 | NELIX vs JAKRX | |
| BlackRock Global Long/Short Equity Fund Class I | 12.48% | — | Dec 2012 | NELIX vs BDMIX |
Lowest Volatility Alternatives to NELIX
NELIX has 9.49% 1-year volatility. There are 28 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 4.91%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 4.91% | — | Dec 2011 | NELIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.31% | — | Dec 2012 | NELIX vs ASILX | |
| MFS Managed Wealth Fund | 5.54% | — | Jun 2014 | NELIX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 5.85% | — | Dec 2019 | NELIX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 5.91% | — | 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 | |
|---|---|---|---|---|---|
| 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 | |
| BlackRock Global Long/Short Equity Fund Class I | -3.54% | — | Dec 2012 | NELIX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | NELIX vs ASILX | |
| 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 QQQX, SPXX, NHMRX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | Large Cap Growth Equities | 71 | 11.82% | — | Jan 2007 | NELIX vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 16 | 3.81% | — | Nov 2005 | NELIX vs SPXX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 61 | 3.18% | — | Jun 1999 | NELIX vs NHMRX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 4 | 0.73% | — | Jun 2003 | NELIX vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 18 | 3.56% | — | Mar 2006 | NELIX vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 76 | 0.72% | — | Dec 2006 | NELIX vs NPSRX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 70 | 17.58% | — | Dec 1987 | NELIX vs FASEX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 62 | 1.93% | — | Jan 2013 | NELIX vs NVHIX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 19 | 9.51% | — | May 2009 | NELIX vs NVLIX | |
| Nuveen Municipal Credit Income Fund | Municipal Bonds | 26 | 2.37% | — | Mar 2001 | NELIX vs NZF |
Often Compared With NELIX
Investors most often compare NELIX with IVV, CLSE, QLEIX. These 20 comparison targets span 10 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