TIEIX vs. NWQIX

Last updated Aug 4, 2026

TIEIX (Nuveen Equity Index Fund Class I) and NWQIX (Nuveen Flexible Income Fund) are both mutual funds - TIEIX is a Large Cap Blend Equities fund tracking the Russell 3000 Index, while NWQIX is a Diversified Portfolio fund managed by Nuveen. Over the past 10 years, TIEIX returned 14.42%/yr vs 5.24%/yr for NWQIX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. TIEIX charges 0.09%/yr vs 0.70%/yr for NWQIX.

Performance

TIEIX vs. NWQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Equity Index Fund Class I (TIEIX) and Nuveen Flexible Income Fund (NWQIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIEIX achieves a 10.32% return, which is significantly higher than NWQIX's 5.34% return. Over the past 10 years, TIEIX has outperformed NWQIX with an annualized return of 14.42%, while NWQIX has yielded a comparatively lower 5.24% annualized return.

TIEIX

• 1D: 0.56%
• 1M: -0.21%
• 6M: 8.04%
• YTD: 10.32%
• 1Y: 21.51%
• 3Y*: 18.82%
• 5Y*: 11.78%
• 10Y*: 14.42%
• ALL TIME*: 8.48%

NWQIX

• 1D: 0.52%
• 1M: -0.47%
• 6M: 3.53%
• YTD: 5.34%
• 1Y: 11.57%
• 3Y*: 10.02%
• 5Y*: 4.03%
• 10Y*: 5.24%
• ALL TIME*: 5.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NWQIX Nuveen Flexible Income Fund	$0.00	$0.00	$0.00
TIEIX Nuveen Equity Index Fund Class I	$0.00	$0.00	$0.00

TIEIX vs. NWQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TIEIX Nuveen Equity Index Fund Class I	10.32%	17.04%	23.71%	25.92%	-19.18%	25.64%	20.82%	30.89%	-5.27%	19.05%
NWQIX Nuveen Flexible Income Fund	5.34%	11.74%	6.03%	11.61%	-13.64%	4.94%	5.54%	18.57%	-4.07%	9.18%

Correlation

The correlation between TIEIX and NWQIX is 0.78, 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.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (10Y) Provides a long-term view across more market conditions.	0.61
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010	0.64

The correlation between TIEIX and NWQIX shifts across timeframes, from 0.61 (10 years) to 0.78 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TIEIX vs. NWQIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TIEIX

TIEIX Risk / Return Rank: 58
TIEIX Sharpe Ratio Rank: 54
TIEIX Sortino Ratio Rank: 51
TIEIX Omega Ratio Rank: 50
TIEIX Calmar Ratio Rank: 62
TIEIX Martin Ratio Rank: 75

NWQIX

NWQIX Risk / Return Rank: 96
NWQIX Sharpe Ratio Rank: 97
NWQIX Sortino Ratio Rank: 97
NWQIX Omega Ratio Rank: 96
NWQIX Calmar Ratio Rank: 93
NWQIX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TIEIX vs. NWQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Index Fund Class I (TIEIX) and Nuveen Flexible Income Fund (NWQIX). 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.

	TIEIX	NWQIX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.93	-1.43
Sortino ratio: Return per unit of downside risk	2.09	4.59	-2.49
Omega ratio: Gain probability vs. loss probability	1.27	1.61	-0.34
Calmar ratio: Return relative to maximum drawdown	2.23	3.95	-1.72
Martin ratio: Return relative to average drawdown	9.60	17.80	-8.19

TIEIX vs. NWQIX - Sharpe Ratio Comparison

The current TIEIX Sharpe Ratio is 1.50, which is lower than the NWQIX Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of TIEIX and NWQIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TIEIX vs. NWQIX - Drawdown Comparison

The maximum TIEIX drawdown since its inception was -55.55%, which is greater than NWQIX's maximum drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for TIEIX and NWQIX.

Drawdown Indicators

	TIEIX	NWQIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.55%	-23.89%	-31.66%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	-2.94%	-5.90%
Max Drawdown (3Y) Largest decline over 3 years	-19.29%	-4.59%	-14.70%
Max Drawdown (5Y) Largest decline over 5 years	-25.06%	-17.75%	-7.31%
Max Drawdown (10Y) Largest decline over 10 years	-34.90%	-23.89%	-11.01%
Current Drawdown Current decline from peak	-1.24%	-0.62%	-0.62%
Average Drawdown Average peak-to-trough decline	-10.25%	-2.98%	-7.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	0.65%	+1.40%

Volatility

TIEIX vs. NWQIX - Volatility Comparison

Nuveen Equity Index Fund Class I (TIEIX) has a higher volatility of 3.44% compared to Nuveen Flexible Income Fund (NWQIX) at 0.96%. This indicates that TIEIX's price experiences larger fluctuations and is considered to be riskier than NWQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIEIX	NWQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	0.96%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	3.19%	+7.05%
Volatility (1Y) Calculated over the trailing 1-year period	13.11%	3.99%	+9.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	5.70%	+11.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	6.29%	+12.11%

TIEIX vs. NWQIX - Expense Ratio Comparison

TIEIX has a 0.09% expense ratio, which is lower than NWQIX's 0.70% expense ratio.

Dividends

TIEIX vs. NWQIX - Dividend Comparison

TIEIX's dividend yield for the trailing twelve months is around 2.17%, less than NWQIX's 5.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWQIX Nuveen Flexible Income Fund	5.55%	6.09%	5.20%	7.84%	7.02%	4.39%	4.82%	5.71%	6.23%	5.67%	5.52%	5.70%
TIEIX Nuveen Equity Index Fund Class I	2.17%	2.39%	1.63%	1.47%	1.83%	2.08%	1.43%	1.99%	2.45%	0.52%	2.45%	1.27%

Frequently Asked Questions

Can I hold both TIEIX and NWQIX in my portfolio?

TIEIX and NWQIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TIEIX or NWQIX?

TIEIX has higher volatility (3.44%) compared to NWQIX (0.96%). In terms of maximum drawdown, TIEIX dropped -55.55% vs NWQIX's -23.89%.

Which has better risk-adjusted returns?

NWQIX currently has the higher Sharpe Ratio (2.93 vs 1.50), 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.