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 296 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 Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | NWQIX vs VBAIX | |
| 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 3 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 | |
| Davis Appreciation & Income Fund | 96 | — | Apr 1992 | NWQIX vs RPFCX | |
| Pioneer Balanced ESG Fund | 95 | — | Dec 1991 | NWQIX vs AYBLX | |
| Victory Pioneer Balanced Fund Class A | 95 | — | Dec 1991 | NWQIX vs AOBLX |
Top Performing NWQIX Alternatives (YTD)
NWQIX is at 6.07% YTD. There are 402 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 34.75%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 34.75% | — | Jan 1998 | NWQIX vs EKBAX | |
| ICON Equity Income Fund | 21.52% | — | May 2004 | NWQIX vs IOEZX | |
| Disciplined Growth Investors Fund | 21.03% | — | Aug 2011 | NWQIX vs DGIFX | |
| Greenspring Fund | 20.97% | — | Jun 1983 | NWQIX vs GRSPX | |
| AB Emerging Markets Multi-Asset Portfolio | 19.13% | — | Aug 2011 | NWQIX vs ABIEX |
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 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | NWQIX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.81% | — | Nov 2003 | NWQIX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.94% | — | Apr 2012 | NWQIX vs SCLAX | |
| Ave Maria Bond Fund | 3.10% | — | Apr 2003 | NWQIX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | NWQIX vs CSTAX |
Lowest Drawdown Alternatives to NWQIX
NWQIX has a 1-year max drawdown of -2.94%. There are 6 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 | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | NWQIX vs CSTAX |
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 | 69 | 14.05% | — | Jul 1999 | NWQIX vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 56 | 11.76% | — | Jan 2007 | NWQIX vs QQQX | |
| Nuveen Large Cap Growth Index Fund R6 Class | Large Cap Growth Equities | 17 | 5.51% | — | Oct 2002 | NWQIX vs TILIX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 28 | 9.28% | — | Nov 2005 | NWQIX vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 2 | 2.62% | — | Jun 2003 | NWQIX vs JQC | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 81 | 2.35% | — | Jun 1999 | NWQIX vs NHMRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock | 71 | 1.31% | — | Dec 2006 | NWQIX vs NPSRX | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 29 | 7.42% | — | Mar 2006 | NWQIX vs NSBRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 86 | 1.94% | — | Jan 2013 | NWQIX vs NVHIX | |
| Nuveen Municipal Credit Income Fund | Municipal Bonds | 30 | 2.26% | — | Mar 2001 | NWQIX vs NZF |
Often Compared With NWQIX
Investors most often compare NWQIX with INPFX, VASGX, SACAX. 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