NELIX vs. WTLS

Last updated Apr 1, 2026

Compare and contrast key facts about Nuveen Equity Long/Short Fund (NELIX) and WisdomTree Efficient Long/Short US Equity Fund (WTLS).

NELIX is managed by Nuveen. It was launched on Dec 29, 2008. WTLS is an actively managed fund by WisdomTree. It was launched on Jan 20, 2026.

Performance

NELIX vs. WTLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Equity Long/Short Fund (NELIX) and WisdomTree Efficient Long/Short US Equity Fund (WTLS). The values are adjusted to include any dividend payments, if applicable.

NELIX vs. WTLS - Yearly Performance Comparison

	2026 (YTD)
NELIX Nuveen Equity Long/Short Fund	-5.24%
WTLS WisdomTree Efficient Long/Short US Equity Fund	-2.35%

Returns By Period

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%

WTLS

• 1D: 3.22%
• 1M: -4.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NELIX vs. WTLS - Expense Ratio Comparison

NELIX has a 1.35% expense ratio, which is higher than WTLS's 0.88% expense ratio.

NELIX

Nuveen Equity Long/Short Fund

WTLS

WisdomTree Efficient Long/Short US Equity Fund

Return for Risk

NELIX vs. WTLS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NELIX

NELIX Risk / Return Rank: 47
NELIX Sharpe Ratio Rank: 47
NELIX Sortino Ratio Rank: 46
NELIX Omega Ratio Rank: 50
NELIX Calmar Ratio Rank: 44
NELIX Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NELIX vs. WTLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and WisdomTree Efficient Long/Short US Equity Fund (WTLS). 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	WTLS	Difference
Sharpe ratio Return per unit of total volatility	0.92	—	—
Sortino ratio Return per unit of downside risk	1.34	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.11	—	—
Martin ratio Return relative to average drawdown	4.90	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NELIX	WTLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	-0.61	+1.28

Correlation

The correlation between NELIX and WTLS is 0.76, 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. WTLS - Dividend Comparison

NELIX's dividend yield for the trailing twelve months is around 3.98%, while WTLS has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
WTLS WisdomTree Efficient Long/Short US Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NELIX vs. WTLS - Drawdown Comparison

The maximum NELIX drawdown since its inception was -28.72%, which is greater than WTLS's maximum drawdown of -8.94%. Use the drawdown chart below to compare losses from any high point for NELIX and WTLS.

Drawdown Indicators

	NELIX	WTLS	Difference
Max Drawdown Largest peak-to-trough decline	-28.72%	-8.94%	-19.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.72%	—	—
Current Drawdown Current decline from peak	-6.31%	-6.01%	-0.30%
Average Drawdown Average peak-to-trough decline	-4.75%	-2.84%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	—	—

Volatility

Volatility by Period

	NELIX	WTLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.50%	19.88%	-6.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.67%	19.88%	-7.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.71%	19.88%	-6.17%