NELIX vs. NPCT
NELIX (Nuveen Equity Long/Short Fund) and NPCT (Nuveen Core Plus Impact Fund) are both mutual funds - NELIX is a Long-Short fund managed by Nuveen, while NPCT is a Intermediate Core-Plus Bond fund actively managed by Nuveen. Over the past 5 years, NELIX returned 10.36%/yr vs -3.31%/yr for NPCT. At a 0.34 correlation, their price movements are largely independent. NELIX charges 1.35%/yr vs 5.08%/yr for NPCT.
Performance
NELIX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, NELIX achieves a 7.30% return, which is significantly higher than NPCT's 3.56% return.
NELIX
- 1D
- -0.77%
- 1M
- 0.29%
- 6M
- 5.45%
- YTD
- 7.30%
- 1Y
- 13.85%
- 3Y*
- 15.76%
- 5Y*
- 10.36%
- 10Y*
- 10.48%
NPCT
- 1D
- 0.40%
- 1M
- 0.60%
- 6M
- 2.75%
- YTD
- 3.56%
- 1Y
- -0.08%
- 3Y*
- 11.53%
- 5Y*
- -3.31%
- 10Y*
- —
NELIX vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NELIX Nuveen Equity Long/Short Fund | 7.30% | 11.31% | 20.55% | 24.09% | -14.94% | 11.85% |
NPCT Nuveen Core Plus Impact Fund | 3.56% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between NELIX and NPCT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.34 |
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Return for Risk
NELIX vs. NPCT — Risk / Return Rank
NELIX
NPCT
NELIX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and Nuveen Core Plus Impact Fund (NPCT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NELIX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.01 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | -0.01 | +2.29 |
| Martin ratioReturn relative to average drawdown | 8.81 | -0.03 | +8.83 |
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Drawdowns
NELIX vs. NPCT - Drawdown Comparison
The maximum NELIX drawdown since its inception was -28.72%, smaller than the maximum NPCT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for NELIX and NPCT.
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Drawdown Indicators
| NELIX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.72% | -46.77% | +18.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -6.79% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -15.50% | -12.59% | -2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -46.77% | +27.47% |
Max Drawdown (10Y)Largest decline over 10 years | -28.72% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | -15.93% | +14.74% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -25.03% | +20.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 3.00% | -1.37% |
Volatility
NELIX vs. NPCT - Volatility Comparison
Nuveen Equity Long/Short Fund (NELIX) has a higher volatility of 3.30% compared to Nuveen Core Plus Impact Fund (NPCT) at 2.37%. This indicates that NELIX's price experiences larger fluctuations and is considered to be riskier than NPCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NELIX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 2.37% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 7.48% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 9.78% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.74% | 13.10% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.57% | 12.99% | +0.58% |
NELIX vs. NPCT - Expense Ratio Comparison
NELIX has a 1.35% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
NELIX vs. NPCT - Dividend Comparison
NELIX's dividend yield for the trailing twelve months is around 3.55%, less than NPCT's 12.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NELIX Nuveen Equity Long/Short Fund | 3.55% | 3.81% | 4.78% | 4.20% | 6.84% | 2.44% | 0.00% | 0.00% | 1.35% | 1.58% |
NPCT Nuveen Core Plus Impact Fund | 12.26% | 13.15% | 12.20% | 10.28% | 11.93% | 3.94% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NELIX and NPCT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NELIX has higher volatility (3.30%) compared to NPCT (2.37%). In terms of maximum drawdown, NELIX dropped -28.72% vs NPCT's -46.77%.
NELIX currently has the higher Sharpe Ratio (1.44 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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