NELIX vs. NCHRX
Compare and contrast key facts about Nuveen Equity Long/Short Fund (NELIX) and Nuveen California High Yield Municipal Bond Fund (NCHRX).
NELIX is managed by Nuveen. It was launched on Dec 29, 2008. NCHRX is managed by Nuveen. It was launched on Mar 27, 2006.
Performance
NELIX vs. NCHRX - Performance Comparison
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NELIX vs. NCHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NELIX Nuveen Equity Long/Short Fund | -4.35% | 11.31% | 20.55% | 24.09% | -14.94% | 32.92% | -0.79% | 6.35% | -2.36% | 19.32% |
NCHRX Nuveen California High Yield Municipal Bond Fund | -1.03% | 3.34% | 5.17% | 4.46% | -20.76% | 5.41% | 6.02% | 12.21% | -0.33% | 11.27% |
Returns By Period
In the year-to-date period, NELIX achieves a -4.35% return, which is significantly lower than NCHRX's -1.03% return. Over the past 10 years, NELIX has outperformed NCHRX with an annualized return of 9.10%, while NCHRX has yielded a comparatively lower 1.85% annualized return.
NELIX
- 1D
- -0.29%
- 1M
- -4.44%
- YTD
- -4.35%
- 6M
- -3.17%
- 1Y
- 11.79%
- 3Y*
- 15.32%
- 5Y*
- 9.56%
- 10Y*
- 9.10%
NCHRX
- 1D
- 0.26%
- 1M
- -3.39%
- YTD
- -1.03%
- 6M
- 1.27%
- 1Y
- 2.79%
- 3Y*
- 2.93%
- 5Y*
- -1.34%
- 10Y*
- 1.85%
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NELIX vs. NCHRX - Expense Ratio Comparison
NELIX has a 1.35% expense ratio, which is higher than NCHRX's 0.61% expense ratio.
Return for Risk
NELIX vs. NCHRX — Risk / Return Rank
NELIX
NCHRX
NELIX vs. NCHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and Nuveen California High Yield Municipal Bond Fund (NCHRX). 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 | NCHRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.45 | +0.46 |
Sortino ratioReturn per unit of downside risk | 1.34 | 0.63 | +0.72 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.13 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.41 | +0.69 |
Martin ratioReturn relative to average drawdown | 4.90 | 1.03 | +3.86 |
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 | NCHRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.45 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | -0.19 | +0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.25 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.54 | +0.12 |
Correlation
The correlation between NELIX and NCHRX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
NELIX vs. NCHRX - Dividend Comparison
NELIX's dividend yield for the trailing twelve months is around 3.98%, less than NCHRX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NELIX Nuveen Equity Long/Short Fund | 3.98% | 3.81% | 4.78% | 4.20% | 6.84% | 2.44% | 0.00% | 0.00% | 1.35% | 1.58% | 0.00% | 0.00% |
NCHRX Nuveen California High Yield Municipal Bond Fund | 4.29% | 4.59% | 4.28% | 4.40% | 5.14% | 3.90% | 3.85% | 4.17% | 4.08% | 3.94% | 4.42% | 4.45% |
Drawdowns
NELIX vs. NCHRX - Drawdown Comparison
The maximum NELIX drawdown since its inception was -28.72%, smaller than the maximum NCHRX drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for NELIX and NCHRX.
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Drawdown Indicators
| NELIX | NCHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.72% | -39.64% | +10.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -8.05% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -28.27% | +8.97% |
Max Drawdown (10Y)Largest decline over 10 years | -28.72% | -28.27% | -0.45% |
Current DrawdownCurrent decline from peak | -6.31% | -11.04% | +4.73% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -7.07% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.21% | -1.18% |
Volatility
NELIX vs. NCHRX - Volatility Comparison
Nuveen Equity Long/Short Fund (NELIX) has a higher volatility of 3.34% compared to Nuveen California High Yield Municipal Bond Fund (NCHRX) at 1.60%. This indicates that NELIX's price experiences larger fluctuations and is considered to be riskier than NCHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NELIX | NCHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 1.60% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 2.47% | +4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 7.74% | +5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.67% | 6.96% | +5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.71% | 7.46% | +6.25% |