NELIX vs. FISGX
Compare and contrast key facts about Nuveen Equity Long/Short Fund (NELIX) and Nuveen Mid Cap Growth Opportunities Fund (FISGX).
NELIX is managed by Nuveen. It was launched on Dec 29, 2008. FISGX is managed by Nuveen. It was launched on Dec 28, 1989.
Performance
NELIX vs. FISGX - Performance Comparison
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NELIX vs. FISGX - 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% |
FISGX Nuveen Mid Cap Growth Opportunities Fund | -1.09% | 7.83% | 13.65% | 20.26% | -30.11% | 5.01% | 46.58% | 66.58% | -9.33% | 24.98% |
Returns By Period
In the year-to-date period, NELIX achieves a -2.12% return, which is significantly lower than FISGX's -1.09% return. Over the past 10 years, NELIX has underperformed FISGX with an annualized return of 9.35%, while FISGX has yielded a comparatively higher 12.11% 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%
FISGX
- 1D
- 4.20%
- 1M
- -6.88%
- YTD
- -1.09%
- 6M
- 1.26%
- 1Y
- 20.30%
- 3Y*
- 10.00%
- 5Y*
- 1.33%
- 10Y*
- 12.11%
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NELIX vs. FISGX - Expense Ratio Comparison
NELIX has a 1.35% expense ratio, which is higher than FISGX's 0.92% expense ratio.
Return for Risk
NELIX vs. FISGX — Risk / Return Rank
NELIX
FISGX
NELIX vs. FISGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and Nuveen Mid Cap Growth Opportunities Fund (FISGX). 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 | FISGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.89 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.41 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.34 | +0.13 |
Martin ratioReturn relative to average drawdown | 6.44 | 5.16 | +1.28 |
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 | FISGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.89 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.06 | +0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.51 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.49 | +0.19 |
Correlation
The correlation between NELIX and FISGX 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.
Dividends
NELIX vs. FISGX - Dividend Comparison
NELIX's dividend yield for the trailing twelve months is around 3.89%, less than FISGX's 8.44% 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% |
FISGX Nuveen Mid Cap Growth Opportunities Fund | 8.44% | 8.35% | 0.00% | 0.00% | 0.00% | 23.94% | 9.97% | 38.61% | 19.12% | 17.17% | 4.01% | 7.82% |
Drawdowns
NELIX vs. FISGX - Drawdown Comparison
The maximum NELIX drawdown since its inception was -28.72%, smaller than the maximum FISGX drawdown of -57.51%. Use the drawdown chart below to compare losses from any high point for NELIX and FISGX.
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Drawdown Indicators
| NELIX | FISGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.72% | -57.51% | +28.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -13.30% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -43.30% | +24.00% |
Max Drawdown (10Y)Largest decline over 10 years | -28.72% | -43.30% | +14.58% |
Current DrawdownCurrent decline from peak | -4.12% | -7.90% | +3.78% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -9.89% | +5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.45% | -1.42% |
Volatility
NELIX vs. FISGX - Volatility Comparison
The current volatility for Nuveen Equity Long/Short Fund (NELIX) is 4.17%, while Nuveen Mid Cap Growth Opportunities Fund (FISGX) has a volatility of 8.56%. This indicates that NELIX experiences smaller price fluctuations and is considered to be less risky than FISGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NELIX | FISGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 8.56% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 15.00% | -7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 23.73% | -10.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.71% | 23.36% | -10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.73% | 23.89% | -10.16% |