- Issuer
- Nationwide
- Inception Date
- Nov 2, 2015
- Category
- Multisector Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
NWXEX Performance Chart
Nationwide Strategic Income A (NWXEX) is up 2.2% since the beginning of the year. NWXEX is currently trading at $10 per share. Investors who bought $1,000 worth of NWXEX shares 5 years ago would now be looking at an investment worth $1,358.
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Returns By Period
Nationwide Strategic Income A (NWXEX) has returned 2.22% so far this year and 6.36% over the past 12 months. Over the last ten years, NWXEX has returned 6.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Nationwide Strategic Income A
- 1D
- -0.10%
- 1M
- 0.35%
- YTD
- 2.22%
- 6M
- 2.33%
- 1Y
- 6.36%
- 3Y*
- 8.08%
- 5Y*
- 6.31%
- 10Y*
- 6.58%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
NWXEX Monthly Returns History
Based on dividend-adjusted daily data since Nov 16, 2015, NWXEX's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 77% of months were positive and 23% were negative. The best month was Jun 2020 with a return of +6.9%, while the worst month was Mar 2020 at -17.4%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 4 months.
On a daily basis, NWXEX closed higher 42% of trading days. The best single day was Dec 22, 2022 with a return of +5.8%, while the worst single day was Mar 24, 2020 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.76% | 0.27% | -0.33% | 0.76% | 0.70% | 0.05% | 2.22% | ||||||
| 2025 | 0.70% | 0.60% | 0.04% | -0.20% | 1.10% | 0.64% | 1.10% | 0.99% | 0.75% | 0.30% | 0.17% | 0.58% | 6.97% |
| 2024 | 1.15% | 0.62% | 0.95% | 0.41% | 0.82% | 0.39% | 1.22% | 0.70% | 1.13% | 0.50% | 0.50% | 0.59% | 9.36% |
| 2023 | 2.73% | -0.32% | -0.88% | 0.86% | 0.21% | 0.64% | 1.60% | 0.32% | 0.23% | -0.11% | 1.91% | 1.52% | 9.00% |
| 2022 | 0.10% | -1.25% | -0.11% | 0.59% | -0.88% | -2.56% | 0.61% | 2.13% | -2.04% | -1.02% | 1.34% | 6.86% | 3.50% |
| 2021 | 1.24% | 1.32% | 0.35% | 0.36% | 0.45% | 0.37% | -0.21% | 0.17% | 0.64% | -0.02% | -0.68% | 0.57% | 4.64% |
Benchmark Metrics
Nationwide Strategic Income A has an annualized alpha of 6.40%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 16, 2015.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (24.24%) than losses (11.60%) - typical of diversified or defensive assets.
- Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.40%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 24.24%
- Downside Capture
- 11.60%
Expense Ratio
NWXEX has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NWXEX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nationwide Strategic Income A (NWXEX) and compare them to S&P 500 Index.
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.
| NWXEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.45 | ||
| Sortino ratioReturn per unit of downside risk | +6.56 | ||
| Omega ratioGain probability vs. loss probability | 2.61 | 1.32 | +1.29 |
| Calmar ratioReturn relative to maximum drawdown | 14.81 | 2.46 | +12.36 |
| Martin ratioReturn relative to average drawdown | 59.63 | 10.92 | +48.72 |
Dividends
Dividend History
Nationwide Strategic Income A provided a 4.90% dividend yield over the last twelve months, with an annual payout of $0.50 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.50 | $0.47 | $0.41 | $1.48 | $0.41 | $0.49 | $0.38 | $0.43 | $0.87 | $0.73 | $0.04 |
Dividend yield | 4.90% | 4.93% | 4.73% | 4.33% | 16.14% | 3.99% | 4.70% | 3.63% | 4.30% | 8.40% | 7.21% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Nationwide Strategic Income A. 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 | $0.03 | $0.03 | $0.07 | $0.04 | $0.01 | $0.07 | $0.23 | ||||||
| 2025 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.03 | $0.03 | $0.10 | $0.50 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.13 | $0.47 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.19 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $1.24 | $1.48 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.16 | $0.41 |
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 Strategic Income A. 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 Strategic Income A was 22.97%, occurring on Mar 25, 2020. Recovery took 171 trading sessions.
The current Nationwide Strategic Income A drawdown is 0.14%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -22.97%Mar 2020 | 1mo 6d | 8mo 5d | 9mo 11dFeb 2020 - Nov 2020 |
2016 pullback2016 | -6.32%Feb 2016 | 2mo 9d | 1mo 19d | 3mo 28dDec 2015 - Mar 2016 |
Bear market2022 | -5.60%Jul 2022 | 5mo 25d | 5mo 10d | 11mo 5dJan 2022 - Dec 2022 |
Rate-hike selloffLate 2018 | -2.61%Dec 2018 | 2mo 29d | 1mo 20d | 4mo 19dSep 2018 - Feb 2019 |
2023 pullback2023 | -2.25%Mar 2023 | 1mo 12d | 2mo 28d | 4mo 10dFeb 2023 - Jun 2023 |
Drawdown Indicators
| NWXEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.97% | -56.78% | +33.81% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -9.10% | +8.67% |
Max Drawdown (3Y)Largest decline over 3 years | -1.89% | -18.90% | +17.01% |
Max Drawdown (5Y)Largest decline over 5 years | -5.60% | -25.43% | +19.83% |
Max Drawdown (10Y)Largest decline over 10 years | -22.97% | -33.92% | +10.95% |
Current DrawdownCurrent decline from peak | -0.14% | -3.21% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -10.71% | +9.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 2.04% | -1.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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