NELIX vs. CLSE

In the year-to-date period, NELIX achieves a -0.08% return, which is significantly lower than CLSE's 0.09% return.

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NELIX has a 1.35% expense ratio, which is lower than CLSE's 1.56% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and Convergence Long/Short Equity ETF (CLSE). 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.

The current NELIX Sharpe Ratio is 0.69, which is comparable to the CLSE Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of NELIX and CLSE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

NELIX's dividend yield for the trailing twelve months is around 4.78%, more than CLSE's 0.92% yield.

The maximum NELIX drawdown since its inception was -28.72%, which is greater than CLSE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for NELIX and CLSE.

Nuveen Equity Long/Short Fund (NELIX) has a higher volatility of 2.99% compared to Convergence Long/Short Equity ETF (CLSE) at 2.39%. This indicates that NELIX's price experiences larger fluctuations and is considered to be riskier than CLSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.