Biological traits are increasingly used in order to study aspects of ecology as they are related to the organisms’ fitness. Here we analyze a dataset of 23 traits regarding the life cycle, distribution, ecology and behavior of 235 nektonic species of the Mediterranean Sea in order to evaluate the distribution of traits, identify rare ones, detect relationships between trait pairs and identify species functional groups. Trait relationships were tested using correlation and non-linear regression for continuous traits, parametric and non-parametric inference tests for pairs of continuous-categorical traits and cooccurrence testing for categorical traits. The findings have significant implications concerning the potential effects of climate change (e.g., through the relationships of the trait of optimal temperature), fisheries or habitat loss (from the relationships of traits related to tolerance ranges). Furthermore, some unexpected relationships are documented, like the inversely proportional relationship between longevity and age at maturity as a percentage of life span. Associations between functional traits show affinities derived from phylogenetic constraints or life strategies; however, relationships among functional and ecological traits can indicate the potential environmental filtering that acts on functional traits. In total, 18 functional groups were identified by Hill-Smith ordination and hierarchical clustering and were characterized by their dominant traits. For the assessment of the results, we first evaluate the importance of each trait at the level of population, community, ecosystem and landscape and then propose the traits that should be monitored for the regulation and resilience of ecosystem functioning and the management of the marine ecosystems.