Nuveen Flexible Income Fund (NWQIX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NWQIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NWQIX
NWQIX charges 0.70% annually. There are 295 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | NWQIX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | NWQIX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | NWQIX vs TSAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | NWQIX vs VTMFX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | NWQIX vs BWBIX |
Best Risk-Adjusted Alternatives to NWQIX
NWQIX has a PortfoliosLab risk / return rank of 96. There are 2 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | NWQIX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | NWQIX vs TIBIX | |
| Pioneer Balanced ESG Fund | 95 | — | Dec 1991 | NWQIX vs AYBLX | |
| Victory Pioneer Balanced Fund Class A | 94 | — | Dec 1991 | NWQIX vs AOBLX | |
| Allspring Diversified Capital Builder Fund | 93 | — | Jan 1998 | NWQIX vs EKBAX |
Top Performing NWQIX Alternatives (YTD)
NWQIX is at 5.40% YTD. There are 322 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 34.11%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 34.11% | — | Jan 1998 | NWQIX vs EKBAX | |
| MH Elite Small Cap Fund of Funds Fund | 20.86% | — | Aug 1998 | NWQIX vs MHELX | |
| Greenspring Fund | 20.56% | — | Jun 1983 | NWQIX vs GRSPX | |
| Thornburg Investment Income Builder Fund Class I | 16.73% | — | Dec 2002 | NWQIX vs TIBIX | |
| Sound Mind Investing Fund | 15.84% | — | Dec 2005 | NWQIX vs SMIFX |
Lowest Volatility Alternatives to NWQIX
NWQIX has 3.98% 1-year volatility. There are 7 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.85% | — | Nov 2003 | NWQIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.84% | — | Apr 2012 | NWQIX vs SCLAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.85% | — | Nov 2003 | NWQIX vs SICIX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | NWQIX vs AVEFX | |
| American Funds College 2027 Fund | 3.14% | — | Sep 2012 | NWQIX vs CSTAX |
Lowest Drawdown Alternatives to NWQIX
NWQIX has a 1-year max drawdown of -2.94%. There are 8 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | NWQIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | NWQIX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | NWQIX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | NWQIX vs SICIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | -2.70% | — | Sep 2005 | NWQIX vs FSIRX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, SPXX and span 12 categories.
Often Compared With NWQIX
Investors most often compare NWQIX with INPFX, SACAX, VASGX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare NWQIX with Any Fund or Stock
Compare NWQIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NWQIX with funds that move differently
Nuveen Flexible Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NWQIX.
Explore NWQIX Diversifiers