GCHDX vs. NELIX
Compare and contrast key facts about Gotham Hedged Core Fund (GCHDX) and Nuveen Equity Long/Short Fund (NELIX).
GCHDX is managed by Gotham. It was launched on Sep 29, 2016. NELIX is managed by Nuveen. It was launched on Dec 29, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GCHDX or NELIX.
Correlation
The correlation between GCHDX and NELIX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GCHDX vs. NELIX - Performance Comparison
Key characteristics
GCHDX:
0.14
NELIX:
1.43
GCHDX:
0.26
NELIX:
1.89
GCHDX:
1.07
NELIX:
1.27
GCHDX:
0.15
NELIX:
1.85
GCHDX:
0.42
NELIX:
5.80
GCHDX:
6.35%
NELIX:
2.67%
GCHDX:
18.94%
NELIX:
10.85%
GCHDX:
-28.60%
NELIX:
-29.65%
GCHDX:
-13.27%
NELIX:
-3.45%
Returns By Period
In the year-to-date period, GCHDX achieves a 5.75% return, which is significantly higher than NELIX's 3.15% return.
GCHDX
5.75%
3.02%
-7.68%
2.20%
2.40%
N/A
NELIX
3.15%
1.33%
7.29%
14.67%
9.00%
6.77%
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GCHDX vs. NELIX - Expense Ratio Comparison
GCHDX has a 0.85% expense ratio, which is lower than NELIX's 1.35% expense ratio.
Risk-Adjusted Performance
GCHDX vs. NELIX — Risk-Adjusted Performance Rank
GCHDX
NELIX
GCHDX vs. NELIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Hedged Core Fund (GCHDX) 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.
Dividends
GCHDX vs. NELIX - Dividend Comparison
GCHDX's dividend yield for the trailing twelve months is around 0.75%, less than NELIX's 0.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
GCHDX Gotham Hedged Core Fund | 0.75% | 0.80% | 0.99% | 0.72% | 1.95% | 0.59% | 2.73% | 0.65% | 1.48% |
NELIX Nuveen Equity Long/Short Fund | 0.86% | 0.89% | 4.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GCHDX vs. NELIX - Drawdown Comparison
The maximum GCHDX drawdown since its inception was -28.60%, roughly equal to the maximum NELIX drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for GCHDX and NELIX. For additional features, visit the drawdowns tool.
Volatility
GCHDX vs. NELIX - Volatility Comparison
The current volatility for Gotham Hedged Core Fund (GCHDX) is 2.64%, while Nuveen Equity Long/Short Fund (NELIX) has a volatility of 3.43%. This indicates that GCHDX 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.