NELIX vs. VOO
Compare and contrast key facts about Nuveen Equity Long/Short Fund (NELIX) and Vanguard S&P 500 ETF (VOO).
NELIX is managed by Nuveen. It was launched on Dec 29, 2008. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
NELIX vs. VOO - Performance Comparison
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NELIX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
The year-to-date returns for both stocks are quite close, with NELIX having a -4.35% return and VOO slightly lower at -4.42%. Over the past 10 years, NELIX has underperformed VOO with an annualized return of 9.10%, while VOO has yielded a comparatively higher 14.05% 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%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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NELIX vs. VOO - Expense Ratio Comparison
NELIX has a 1.35% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
NELIX vs. VOO — Risk / Return Rank
NELIX
VOO
NELIX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.98 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.50 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.53 | -0.43 |
Martin ratioReturn relative to average drawdown | 4.90 | 7.29 | -2.40 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.98 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.70 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.78 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.83 | -0.16 |
Correlation
The correlation between NELIX and VOO is 0.88, 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. VOO - Dividend Comparison
NELIX's dividend yield for the trailing twelve months is around 3.98%, more than VOO's 1.19% 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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
NELIX vs. VOO - Drawdown Comparison
The maximum NELIX drawdown since its inception was -28.72%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for NELIX and VOO.
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Drawdown Indicators
| NELIX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.72% | -33.99% | +5.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -11.98% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -24.52% | +5.22% |
Max Drawdown (10Y)Largest decline over 10 years | -28.72% | -33.99% | +5.27% |
Current DrawdownCurrent decline from peak | -6.31% | -6.29% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -3.72% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.52% | -0.49% |
Volatility
NELIX vs. VOO - Volatility Comparison
The current volatility for Nuveen Equity Long/Short Fund (NELIX) is 3.34%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that NELIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NELIX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 5.29% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 9.44% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 18.10% | -4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.67% | 16.82% | -4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.71% | 17.99% | -4.28% |