NUGIX vs. NELIX
NUGIX (Nuveen Global Dividend Growth Fund) and NELIX (Nuveen Equity Long/Short Fund) are both mutual funds - NUGIX is a Global Equities fund managed by Nuveen, while NELIX is a Long-Short fund managed by Nuveen. Over the past 10 years, NUGIX returned 9.67%/yr vs 10.34%/yr for NELIX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. NUGIX charges 0.89%/yr vs 1.35%/yr for NELIX.
Performance
NUGIX vs. NELIX - Performance Comparison
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Returns By Period
In the year-to-date period, NUGIX achieves a 8.29% return, which is significantly higher than NELIX's 6.38% return. Over the past 10 years, NUGIX has underperformed NELIX with an annualized return of 9.67%, while NELIX has yielded a comparatively higher 10.34% annualized return.
NUGIX
- 1D
- 1.43%
- 1M
- 2.58%
- 6M
- 7.64%
- YTD
- 8.29%
- 1Y
- 16.27%
- 3Y*
- 12.95%
- 5Y*
- 9.12%
- 10Y*
- 9.67%
- ALL TIME*
- 9.77%
NELIX
- 1D
- 2.22%
- 1M
- -0.67%
- 6M
- 4.80%
- YTD
- 6.38%
- 1Y
- 12.58%
- 3Y*
- 14.80%
- 5Y*
- 10.20%
- 10Y*
- 10.34%
- ALL TIME*
- 9.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NUGIX vs. NELIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUGIX Nuveen Global Dividend Growth Fund | 8.29% | 11.76% | 15.34% | 14.49% | -9.86% | 19.98% | 4.02% | 28.15% | -9.00% | 19.91% |
NELIX Nuveen Equity Long/Short Fund | 6.38% | 11.31% | 20.55% | 24.09% | -14.94% | 32.92% | -0.79% | 6.35% | -2.36% | 19.32% |
Correlation
The correlation between NUGIX and NELIX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2013 | 0.79 |
The correlation between NUGIX and NELIX shifts across timeframes, from 0.71 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NUGIX vs. NELIX — Risk / Return Rank
NUGIX
NELIX
NUGIX vs. NELIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Global Dividend Growth Fund (NUGIX) 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.
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.
| NUGIX | NELIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.82 | -0.13 |
| Martin ratioReturn relative to average drawdown | 6.07 | 6.72 | -0.65 |
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Drawdowns
NUGIX vs. NELIX - Drawdown Comparison
The maximum NUGIX drawdown since its inception was -33.65%, which is greater than NELIX's maximum drawdown of -28.72%. Use the drawdown chart below to compare losses from any high point for NUGIX and NELIX.
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Drawdown Indicators
| NUGIX | NELIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -28.72% | -4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -6.31% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.32% | -15.50% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.20% | -19.30% | -1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -33.65% | -28.72% | -4.93% |
Current DrawdownCurrent decline from peak | 0.00% | -2.04% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -4.65% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.70% | +0.69% |
Volatility
NUGIX vs. NELIX - Volatility Comparison
The current volatility for Nuveen Global Dividend Growth Fund (NUGIX) is 3.08%, while Nuveen Equity Long/Short Fund (NELIX) has a volatility of 3.51%. This indicates that NUGIX 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.
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Volatility by Period
| NUGIX | NELIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 3.51% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 8.33% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 10.44% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.81% | 12.77% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.37% | 13.60% | +1.77% |
NUGIX vs. NELIX - Expense Ratio Comparison
NUGIX has a 0.89% expense ratio, which is lower than NELIX's 1.35% expense ratio.
Dividends
NUGIX vs. NELIX - Dividend Comparison
NUGIX's dividend yield for the trailing twelve months is around 10.76%, more than NELIX's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NELIX Nuveen Equity Long/Short Fund | 3.58% | 3.81% | 4.78% | 4.20% | 6.84% | 2.44% | 0.00% | 0.00% | 1.35% | 1.58% | 0.00% | 0.00% |
NUGIX Nuveen Global Dividend Growth Fund | 10.76% | 11.74% | 7.84% | 1.53% | 4.27% | 7.70% | 1.86% | 3.76% | 4.98% | 15.70% | 2.02% | 1.95% |
Frequently Asked Questions
NUGIX and NELIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NELIX has higher volatility (3.51%) compared to NUGIX (3.08%). In terms of maximum drawdown, NUGIX dropped -33.65% vs NELIX's -28.72%.
NUGIX currently has the higher Sharpe Ratio (1.32 vs 1.10), 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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