NELIX vs. GCHDX
Compare and contrast key facts about Nuveen Equity Long/Short Fund (NELIX) and Gotham Hedged Core Fund (GCHDX).
NELIX is managed by Nuveen. It was launched on Dec 29, 2008. GCHDX is managed by Gotham. It was launched on Sep 29, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NELIX or GCHDX.
Correlation
The correlation between NELIX and GCHDX 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
NELIX vs. GCHDX - Performance Comparison
Key characteristics
NELIX:
1.23
GCHDX:
0.13
NELIX:
1.64
GCHDX:
0.25
NELIX:
1.23
GCHDX:
1.07
NELIX:
1.61
GCHDX:
0.13
NELIX:
4.97
GCHDX:
0.36
NELIX:
2.71%
GCHDX:
6.54%
NELIX:
10.95%
GCHDX:
18.97%
NELIX:
-29.65%
GCHDX:
-28.60%
NELIX:
-4.92%
GCHDX:
-12.83%
Returns By Period
In the year-to-date period, NELIX achieves a 1.58% return, which is significantly lower than GCHDX's 6.28% return.
NELIX
1.58%
-1.71%
4.54%
11.88%
9.01%
6.52%
GCHDX
6.28%
2.13%
-8.06%
0.67%
2.69%
N/A
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NELIX vs. GCHDX - Expense Ratio Comparison
NELIX has a 1.35% expense ratio, which is higher than GCHDX's 0.85% expense ratio.
Risk-Adjusted Performance
NELIX vs. GCHDX — Risk-Adjusted Performance Rank
NELIX
GCHDX
NELIX vs. GCHDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and Gotham Hedged Core Fund (GCHDX). 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
NELIX vs. GCHDX - Dividend Comparison
NELIX's dividend yield for the trailing twelve months is around 0.88%, more than GCHDX's 0.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
NELIX Nuveen Equity Long/Short Fund | 0.88% | 0.89% | 4.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GCHDX Gotham Hedged Core Fund | 0.75% | 0.80% | 0.99% | 0.72% | 1.95% | 0.59% | 2.73% | 0.65% | 1.48% |
Drawdowns
NELIX vs. GCHDX - Drawdown Comparison
The maximum NELIX drawdown since its inception was -29.65%, roughly equal to the maximum GCHDX drawdown of -28.60%. Use the drawdown chart below to compare losses from any high point for NELIX and GCHDX. For additional features, visit the drawdowns tool.
Volatility
NELIX vs. GCHDX - Volatility Comparison
Nuveen Equity Long/Short Fund (NELIX) has a higher volatility of 3.52% compared to Gotham Hedged Core Fund (GCHDX) at 2.72%. This indicates that NELIX's price experiences larger fluctuations and is considered to be riskier than GCHDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.