NSIOX vs. NELIX
Compare and contrast key facts about Nuveen Strategic Municipal Opportunities Fund (NSIOX) and Nuveen Equity Long/Short Fund (NELIX).
NSIOX is managed by Nuveen. It was launched on Dec 15, 2014. NELIX is managed by Nuveen. It was launched on Dec 29, 2008.
Performance
NSIOX vs. NELIX - Performance Comparison
Loading graphics...
NSIOX vs. NELIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSIOX Nuveen Strategic Municipal Opportunities Fund | -0.66% | 3.19% | 4.61% | 7.17% | -13.81% | 5.21% | 6.82% | 10.07% | 3.31% | 9.77% |
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% |
Returns By Period
In the year-to-date period, NSIOX achieves a -0.66% return, which is significantly higher than NELIX's -4.35% return. Over the past 10 years, NSIOX has underperformed NELIX with an annualized return of 3.07%, while NELIX has yielded a comparatively higher 9.10% annualized return.
NSIOX
- 1D
- 0.21%
- 1M
- -2.71%
- YTD
- -0.66%
- 6M
- 0.60%
- 1Y
- 2.41%
- 3Y*
- 3.79%
- 5Y*
- 0.65%
- 10Y*
- 3.07%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NSIOX vs. NELIX - Expense Ratio Comparison
NSIOX has a 0.56% expense ratio, which is lower than NELIX's 1.35% expense ratio.
Return for Risk
NSIOX vs. NELIX — Risk / Return Rank
NSIOX
NELIX
NSIOX vs. NELIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Strategic Municipal Opportunities Fund (NSIOX) and Nuveen Equity Long/Short Fund (NELIX). 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.
| NSIOX | NELIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 0.92 | -0.33 |
Sortino ratioReturn per unit of downside risk | 0.79 | 1.34 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.58 | 1.11 | -0.53 |
Martin ratioReturn relative to average drawdown | 1.64 | 4.90 | -3.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NSIOX | NELIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.92 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.76 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.67 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.67 | +0.07 |
Correlation
The correlation between NSIOX and NELIX is -0.06. 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
NSIOX vs. NELIX - Dividend Comparison
NSIOX's dividend yield for the trailing twelve months is around 4.25%, more than NELIX's 3.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSIOX Nuveen Strategic Municipal Opportunities Fund | 4.25% | 4.53% | 3.91% | 3.85% | 4.20% | 4.25% | 2.88% | 3.25% | 3.12% | 3.22% | 4.09% | 2.48% |
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% |
Drawdowns
NSIOX vs. NELIX - Drawdown Comparison
The maximum NSIOX drawdown since its inception was -18.38%, smaller than the maximum NELIX drawdown of -28.72%. Use the drawdown chart below to compare losses from any high point for NSIOX and NELIX.
Loading graphics...
Drawdown Indicators
| NSIOX | NELIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -28.72% | +10.34% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -8.92% | +3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -18.38% | -19.30% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -18.38% | -28.72% | +10.34% |
Current DrawdownCurrent decline from peak | -2.71% | -6.31% | +3.60% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -4.75% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.03% | -0.20% |
Volatility
NSIOX vs. NELIX - Volatility Comparison
The current volatility for Nuveen Strategic Municipal Opportunities Fund (NSIOX) is 1.04%, while Nuveen Equity Long/Short Fund (NELIX) has a volatility of 3.34%. This indicates that NSIOX experiences smaller price fluctuations and is considered to be less risky than NELIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NSIOX | NELIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 3.34% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 7.26% | -5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.21% | 13.50% | -8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 12.67% | -8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 13.71% | -9.03% |