NELIX vs. QLEIX
Compare and contrast key facts about Nuveen Equity Long/Short Fund (NELIX) and AQR Long-Short Equity Fund (QLEIX).
NELIX is managed by Nuveen. It was launched on Dec 29, 2008. QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NELIX or QLEIX.
Correlation
The correlation between NELIX and QLEIX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NELIX vs. QLEIX - Performance Comparison
Key characteristics
NELIX:
1.43
QLEIX:
4.20
NELIX:
1.89
QLEIX:
5.80
NELIX:
1.27
QLEIX:
1.85
NELIX:
1.85
QLEIX:
5.55
NELIX:
5.80
QLEIX:
27.19
NELIX:
2.67%
QLEIX:
1.16%
NELIX:
10.85%
QLEIX:
7.53%
NELIX:
-29.65%
QLEIX:
-42.90%
NELIX:
-3.45%
QLEIX:
0.00%
Returns By Period
In the year-to-date period, NELIX achieves a 3.15% return, which is significantly lower than QLEIX's 7.62% return. Over the past 10 years, NELIX has underperformed QLEIX with an annualized return of 6.77%, while QLEIX has yielded a comparatively higher 9.33% annualized return.
NELIX
3.15%
1.33%
7.29%
14.67%
9.00%
6.77%
QLEIX
7.62%
4.93%
16.65%
32.57%
17.32%
9.33%
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NELIX vs. QLEIX - Expense Ratio Comparison
NELIX has a 1.35% expense ratio, which is higher than QLEIX's 1.30% expense ratio.
Risk-Adjusted Performance
NELIX vs. QLEIX — Risk-Adjusted Performance Rank
NELIX
QLEIX
NELIX vs. QLEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and AQR Long-Short Equity Fund (QLEIX). 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. QLEIX - Dividend Comparison
NELIX's dividend yield for the trailing twelve months is around 0.86%, less than QLEIX's 6.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NELIX Nuveen Equity Long/Short Fund | 0.86% | 0.89% | 4.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLEIX AQR Long-Short Equity Fund | 6.62% | 7.12% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% |
Drawdowns
NELIX vs. QLEIX - Drawdown Comparison
The maximum NELIX drawdown since its inception was -29.65%, smaller than the maximum QLEIX drawdown of -42.90%. Use the drawdown chart below to compare losses from any high point for NELIX and QLEIX. For additional features, visit the drawdowns tool.
Volatility
NELIX vs. QLEIX - Volatility Comparison
Nuveen Equity Long/Short Fund (NELIX) has a higher volatility of 3.43% compared to AQR Long-Short Equity Fund (QLEIX) at 1.60%. This indicates that NELIX's price experiences larger fluctuations and is considered to be riskier than QLEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.