FPNTX vs. NELIX
Compare and contrast key facts about Nuveen Pennsylvania Municipal Bond Fund (FPNTX) and Nuveen Equity Long/Short Fund (NELIX).
FPNTX is managed by Nuveen. It was launched on Oct 28, 1986. NELIX is managed by Nuveen. It was launched on Dec 29, 2008.
Performance
FPNTX vs. NELIX - Performance Comparison
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FPNTX vs. NELIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPNTX Nuveen Pennsylvania Municipal Bond Fund | -1.01% | 4.17% | 1.32% | 5.69% | -10.47% | 3.23% | 4.27% | 7.95% | 1.00% | 5.87% |
NELIX Nuveen Equity Long/Short Fund | -4.35% | 11.31% | 20.55% | 24.09% | -14.94% | 32.92% | -0.79% | 6.35% | -2.36% | 19.32% |
Returns By Period
In the year-to-date period, FPNTX achieves a -1.01% return, which is significantly higher than NELIX's -4.35% return. Over the past 10 years, FPNTX has underperformed NELIX with an annualized return of 1.86%, while NELIX has yielded a comparatively higher 9.10% annualized return.
FPNTX
- 1D
- 0.20%
- 1M
- -3.26%
- YTD
- -1.01%
- 6M
- 1.22%
- 1Y
- 3.83%
- 3Y*
- 2.64%
- 5Y*
- 0.46%
- 10Y*
- 1.86%
NELIX
- 1D
- -0.29%
- 1M
- -4.44%
- YTD
- -4.35%
- 6M
- -3.17%
- 1Y
- 11.79%
- 3Y*
- 15.32%
- 5Y*
- 9.56%
- 10Y*
- 9.10%
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FPNTX vs. NELIX - Expense Ratio Comparison
FPNTX has a 0.76% expense ratio, which is lower than NELIX's 1.35% expense ratio.
Return for Risk
FPNTX vs. NELIX — Risk / Return Rank
FPNTX
NELIX
FPNTX vs. NELIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Pennsylvania Municipal Bond Fund (FPNTX) and Nuveen Equity Long/Short Fund (NELIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FPNTX | NELIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.92 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.34 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.11 | -0.38 |
Martin ratioReturn relative to average drawdown | 2.06 | 4.90 | -2.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPNTX | NELIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.92 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.76 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.67 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.67 | +0.35 |
Correlation
The correlation between FPNTX and NELIX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FPNTX vs. NELIX - Dividend Comparison
FPNTX's dividend yield for the trailing twelve months is around 3.14%, less than NELIX's 3.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPNTX Nuveen Pennsylvania Municipal Bond Fund | 3.14% | 3.32% | 3.10% | 2.61% | 2.38% | 2.03% | 2.92% | 2.77% | 3.67% | 3.28% | 3.53% | 3.64% |
NELIX Nuveen Equity Long/Short Fund | 3.98% | 3.81% | 4.78% | 4.20% | 6.84% | 2.44% | 0.00% | 0.00% | 1.35% | 1.58% | 0.00% | 0.00% |
Drawdowns
FPNTX vs. NELIX - Drawdown Comparison
The maximum FPNTX drawdown since its inception was -19.11%, smaller than the maximum NELIX drawdown of -28.72%. Use the drawdown chart below to compare losses from any high point for FPNTX and NELIX.
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Drawdown Indicators
| FPNTX | NELIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.11% | -28.72% | +9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.80% | -8.92% | +3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -15.45% | -19.30% | +3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -15.45% | -28.72% | +13.27% |
Current DrawdownCurrent decline from peak | -3.26% | -6.31% | +3.05% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -4.75% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.03% | +0.01% |
Volatility
FPNTX vs. NELIX - Volatility Comparison
The current volatility for Nuveen Pennsylvania Municipal Bond Fund (FPNTX) is 1.31%, while Nuveen Equity Long/Short Fund (NELIX) has a volatility of 3.34%. This indicates that FPNTX experiences smaller price fluctuations and is considered to be less risky than NELIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPNTX | NELIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 3.34% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 7.26% | -5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 13.50% | -7.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 12.67% | -8.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 13.71% | -9.16% |