NELIX vs. BDMIX
Compare and contrast key facts about Nuveen Equity Long/Short Fund (NELIX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
NELIX is managed by Nuveen. It was launched on Dec 29, 2008. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
NELIX vs. BDMIX - Performance Comparison
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NELIX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NELIX Nuveen Equity Long/Short Fund | -2.12% | 11.31% | 20.55% | 24.09% | -14.94% | 32.92% | -0.79% | 6.35% | -2.36% | 19.32% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 4.32% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
Returns By Period
In the year-to-date period, NELIX achieves a -2.12% return, which is significantly lower than BDMIX's 4.32% return. Over the past 10 years, NELIX has outperformed BDMIX with an annualized return of 9.35%, while BDMIX has yielded a comparatively lower 7.29% annualized return.
NELIX
- 1D
- 2.33%
- 1M
- -2.44%
- YTD
- -2.12%
- 6M
- -1.00%
- 1Y
- 13.87%
- 3Y*
- 16.20%
- 5Y*
- 9.78%
- 10Y*
- 9.35%
BDMIX
- 1D
- 0.73%
- 1M
- 1.60%
- YTD
- 4.32%
- 6M
- 8.75%
- 1Y
- 17.17%
- 3Y*
- 18.86%
- 5Y*
- 11.38%
- 10Y*
- 7.29%
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NELIX vs. BDMIX - Expense Ratio Comparison
NELIX has a 1.35% expense ratio, which is lower than BDMIX's 1.57% expense ratio.
Return for Risk
NELIX vs. BDMIX — Risk / Return Rank
NELIX
BDMIX
NELIX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). 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.
| NELIX | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 2.55 | -1.49 |
Sortino ratioReturn per unit of downside risk | 1.55 | 3.73 | -2.18 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.48 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 5.14 | -3.67 |
Martin ratioReturn relative to average drawdown | 6.44 | 14.25 | -7.81 |
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
| NELIX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 2.55 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.76 | -0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 1.27 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.15 | -0.47 |
Correlation
The correlation between NELIX and BDMIX is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NELIX vs. BDMIX - Dividend Comparison
NELIX's dividend yield for the trailing twelve months is around 3.89%, less than BDMIX's 8.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NELIX Nuveen Equity Long/Short Fund | 3.89% | 3.81% | 4.78% | 4.20% | 6.84% | 2.44% | 0.00% | 0.00% | 1.35% | 1.58% | 0.00% | 0.00% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 8.56% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
Drawdowns
NELIX vs. BDMIX - Drawdown Comparison
The maximum NELIX drawdown since its inception was -28.72%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for NELIX and BDMIX.
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Drawdown Indicators
| NELIX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.72% | -11.89% | -16.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -3.60% | -5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -7.45% | -11.85% |
Max Drawdown (10Y)Largest decline over 10 years | -28.72% | -9.44% | -19.28% |
Current DrawdownCurrent decline from peak | -4.12% | -0.13% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -2.71% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.30% | +0.73% |
Volatility
NELIX vs. BDMIX - Volatility Comparison
Nuveen Equity Long/Short Fund (NELIX) has a higher volatility of 4.17% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 1.72%. This indicates that NELIX's price experiences larger fluctuations and is considered to be riskier than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NELIX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 1.72% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 4.78% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 6.93% | +6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.71% | 6.51% | +6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.73% | 5.77% | +7.96% |