JCE vs. NVLIX

Last updated Aug 1, 2026

JCE (Nuveen Core Equity Alpha Fund) and NVLIX (Nuveen Winslow Large-Cap Growth ESG Fund Class I) are both Large Cap Growth Equities funds from Nuveen. Over the past 10 years, JCE returned 12.07%/yr vs 16.67%/yr for NVLIX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. JCE charges 1.00%/yr vs 0.83%/yr for NVLIX.

Performance

JCE vs. NVLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Core Equity Alpha Fund (JCE) and Nuveen Winslow Large-Cap Growth ESG Fund Class I (NVLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JCE achieves a 7.70% return, which is significantly higher than NVLIX's 3.48% return. Over the past 10 years, JCE has underperformed NVLIX with an annualized return of 12.07%, while NVLIX has yielded a comparatively higher 16.67% annualized return.

JCE

• 1D: 0.24%
• 1M: 0.61%
• 6M: 7.43%
• YTD: 7.70%
• 1Y: 17.81%
• 3Y*: 17.57%
• 5Y*: 11.09%
• 10Y*: 12.07%
• ALL TIME*: 9.93%

NVLIX

• 1D: 2.74%
• 1M: -1.99%
• 6M: 6.07%
• YTD: 3.48%
• 1Y: 9.29%
• 3Y*: 18.81%
• 5Y*: 9.80%
• 10Y*: 16.67%
• ALL TIME*: 16.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JCE Nuveen Core Equity Alpha Fund	$612.81K	$549.73K	$666.19K
NVLIX Nuveen Winslow Large-Cap Growth ESG Fund Class I	$0.00	$0.00	$0.00

JCE vs. NVLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JCE Nuveen Core Equity Alpha Fund	7.70%	9.06%	27.90%	10.67%	-14.29%	47.67%	3.59%	30.50%	-11.11%	31.98%
NVLIX Nuveen Winslow Large-Cap Growth ESG Fund Class I	3.48%	12.76%	29.48%	43.60%	-31.31%	27.62%	37.97%	33.54%	3.02%	33.09%

Correlation

The correlation between JCE and NVLIX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (10Y) Provides a long-term view across more market conditions.	0.64
Correlation (All Time) Calculated using the full available price history since May 15, 2009	0.66

The correlation between JCE and NVLIX shifts across timeframes, from 0.64 (10 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JCE vs. NVLIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JCE

JCE Risk / Return Rank: 37
JCE Sharpe Ratio Rank: 34
JCE Sortino Ratio Rank: 37
JCE Omega Ratio Rank: 35
JCE Calmar Ratio Rank: 33
JCE Martin Ratio Rank: 46

NVLIX

NVLIX Risk / Return Rank: 10
NVLIX Sharpe Ratio Rank: 11
NVLIX Sortino Ratio Rank: 11
NVLIX Omega Ratio Rank: 11
NVLIX Calmar Ratio Rank: 9
NVLIX Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JCE vs. NVLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Equity Alpha Fund (JCE) and Nuveen Winslow Large-Cap Growth ESG Fund Class I (NVLIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JCE	NVLIX	Difference
Sharpe ratio: Return per unit of total volatility	1.12	0.39	+0.73
Sortino ratio: Return per unit of downside risk	1.72	0.66	+1.06
Omega ratio: Gain probability vs. loss probability	1.21	1.08	+0.13
Calmar ratio: Return relative to maximum drawdown	1.48	0.37	+1.11
Martin ratio: Return relative to average drawdown	6.76	1.11	+5.65

JCE vs. NVLIX - Sharpe Ratio Comparison

The current JCE Sharpe Ratio is 1.12, which is higher than the NVLIX Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of JCE and NVLIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JCE vs. NVLIX - Drawdown Comparison

The maximum JCE drawdown since its inception was -57.63%, which is greater than NVLIX's maximum drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for JCE and NVLIX.

Drawdown Indicators

	JCE	NVLIX	Difference
Max Drawdown Largest peak-to-trough decline	-57.63%	-39.57%	-18.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.86%	-19.01%	+8.15%
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	-23.94%	+4.94%
Max Drawdown (5Y) Largest decline over 5 years	-30.24%	-39.57%	+9.33%
Max Drawdown (10Y) Largest decline over 10 years	-43.56%	-39.57%	-3.99%
Current Drawdown Current decline from peak	-1.44%	-5.51%	+4.07%
Average Drawdown Average peak-to-trough decline	-9.19%	-6.16%	-3.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	6.33%	-3.96%

Volatility

JCE vs. NVLIX - Volatility Comparison

The current volatility for Nuveen Core Equity Alpha Fund (JCE) is 4.48%, while Nuveen Winslow Large-Cap Growth ESG Fund Class I (NVLIX) has a volatility of 5.80%. This indicates that JCE experiences smaller price fluctuations and is considered to be less risky than NVLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCE	NVLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	5.80%	-1.32%
Volatility (6M) Calculated over the trailing 6-month period	11.35%	14.47%	-3.12%
Volatility (1Y) Calculated over the trailing 1-year period	14.32%	18.18%	-3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.04%	22.67%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.53%	22.17%	+0.36%

JCE vs. NVLIX - Expense Ratio Comparison

JCE has a 1.00% expense ratio, which is higher than NVLIX's 0.83% expense ratio.

Dividends

JCE vs. NVLIX - Dividend Comparison

JCE's dividend yield for the trailing twelve months is around 8.19%, less than NVLIX's 21.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JCE Nuveen Core Equity Alpha Fund	8.19%	8.03%	8.05%	9.45%	17.22%	9.89%	6.57%	6.84%	9.23%	17.33%	8.68%	19.27%
NVLIX Nuveen Winslow Large-Cap Growth ESG Fund Class I	21.70%	22.45%	14.35%	5.39%	8.93%	9.51%	5.47%	8.69%	18.81%	18.70%	17.11%	15.18%

Frequently Asked Questions

Can I hold both JCE and NVLIX in my portfolio?

JCE and NVLIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JCE or NVLIX?

NVLIX has higher volatility (5.80%) compared to JCE (4.48%). In terms of maximum drawdown, JCE dropped -57.63% vs NVLIX's -39.57%.

Which has better risk-adjusted returns?

JCE currently has the higher Sharpe Ratio (1.12 vs 0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.