- ISIN
- US63868B8726
- Issuer
- Nationwide
- Inception Date
- May 30, 2001
- Category
- Small Cap Value Equities
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
NWHFX Performance Chart
Nationwide Bailard Cognitive Value Fund (NWHFX) is up 17.4% since the beginning of the year. NWHFX is currently trading at $18 per share. Investors who bought $1,000 worth of NWHFX shares 5 years ago would now be looking at an investment worth $1,486.
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Returns By Period
Nationwide Bailard Cognitive Value Fund (NWHFX) has returned 17.42% so far this year and 35.93% over the past 12 months. Over the last ten years, NWHFX has returned 10.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Nationwide Bailard Cognitive Value Fund
- 1D
- 0.28%
- 1M
- 2.36%
- YTD
- 17.42%
- 6M
- 17.17%
- 1Y
- 35.93%
- 3Y*
- 19.09%
- 5Y*
- 8.24%
- 10Y*
- 10.55%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
NWHFX Monthly Returns History
Based on dividend-adjusted daily data since Sep 17, 2013, NWHFX's average daily return is +0.05%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +18.5%, while the worst month was Mar 2020 at -23.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, NWHFX closed higher 50% of trading days. The best single day was Apr 6, 2020 with a return of +8.1%, while the worst single day was Mar 16, 2020 at -14.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.75% | 3.94% | -3.71% | 8.87% | 1.61% | 0.28% | 17.42% | ||||||
| 2025 | 1.57% | -3.53% | -5.20% | -3.94% | 5.27% | 4.38% | -0.27% | 8.28% | 0.49% | -1.10% | 3.91% | 0.56% | 9.95% |
| 2024 | -4.61% | 2.58% | 5.10% | -5.28% | 4.54% | -2.43% | 10.12% | -0.92% | 0.84% | -1.40% | 10.32% | -7.30% | 10.23% |
| 2023 | 7.06% | -1.82% | -7.27% | -2.37% | -2.35% | 8.78% | 6.65% | -3.62% | -3.76% | -4.92% | 8.15% | 12.59% | 15.78% |
| 2022 | -6.01% | 2.07% | 1.14% | -7.45% | 1.62% | -9.65% | 9.29% | -3.51% | -9.61% | 13.88% | 3.00% | -5.52% | -12.91% |
| 2021 | 2.28% | 11.82% | 5.97% | 4.02% | 3.30% | -1.90% | -2.46% | 3.21% | -1.66% | 5.16% | -2.54% | 5.05% | 36.15% |
Benchmark Metrics
Nationwide Bailard Cognitive Value Fund has an annualized alpha of -2.00%, beta of 1.01, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since September 18, 2013.
- This fund participated in 106.82% of S&P 500 Index downside but only 93.37% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.01 and R2 of 0.66, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.00%
- Beta
- 1.01
- R²
- 0.66
- Upside Capture
- 93.37%
- Downside Capture
- 106.82%
Expense Ratio
NWHFX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NWHFX ranks 68 for risk / return — better than 68% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nationwide Bailard Cognitive Value Fund (NWHFX) and compare them to S&P 500 Index.
| NWHFX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.26 | 2.24 | +0.02 |
Sortino ratioReturn per unit of downside risk | 3.28 | 3.07 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 4.43 | 2.93 | +1.50 |
Martin ratioReturn relative to average drawdown | 15.53 | 13.52 | +2.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Nationwide Bailard Cognitive Value Fund provided a 9.86% dividend yield over the last twelve months, with an annual payout of $1.75 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.75 | $1.74 | $2.12 | $0.22 | $0.46 | $0.82 | $0.11 | $0.08 | $1.51 | $1.57 | $0.09 | $0.14 |
Dividend yield | 9.86% | 11.48% | 13.85% | 1.38% | 3.31% | 4.98% | 0.83% | 0.65% | 15.39% | 11.63% | 0.62% | 1.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Nationwide Bailard Cognitive Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.74 | $1.74 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $2.02 | $2.12 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.15 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.41 | $0.46 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.79 | $0.82 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Nationwide Bailard Cognitive Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nationwide Bailard Cognitive Value Fund was 47.51%, occurring on Mar 18, 2020. Recovery took 182 trading sessions.
The current Nationwide Bailard Cognitive Value Fund drawdown is 0.62%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -47.51%Mar 2020 | 1y 8mo | 8mo 21d | 2y 4moJul 2018 - Dec 2020 |
2025 selloff2025 | -24.68%Apr 2025 | 4mo 13d | 5mo 13d | 9mo 26dNov 2024 - Sep 2025 |
Bear market2022 | -24.32%Sep 2022 | 10mo 22d | 1y 6mo | 2y 4moNov 2021 - Mar 2024 |
2016 correction2016 | -16.77%Feb 2016 | 10mo 10d | 5mo 1d | 1y 3moApr 2015 - Jul 2016 |
2021 correction2021 | -11.33%Jul 2021 | 1mo 10d | 3mo 3d | 4mo 13dJun 2021 - Oct 2021 |
Drawdown Indicators
| NWHFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.51% | -56.78% | +9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -9.10% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -24.68% | -18.90% | -5.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.68% | -25.43% | +0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -47.51% | -33.92% | -13.59% |
Current DrawdownCurrent decline from peak | -0.62% | -0.74% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -10.72% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.97% | +0.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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