Nationwide Amundi Strategic Income Fund (NWXHX)

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Nationwide Amundi Strategic Income Fund (NWXHX) is up 2.4% since the beginning of the year. NWXHX is currently trading at $10 per share. Investors who bought $1,000 worth of NWXHX shares 5 years ago would now be looking at an investment worth $1,377.

Nationwide Amundi Strategic Income Fund (NWXHX) has returned 2.37% so far this year and 6.66% over the past 12 months. Over the last ten years, NWXHX has returned 6.81% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 4, 2016, NWXHX's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.

Historically, 79% of months were positive and 21% were negative. The best month was Jun 2020 with a return of +7.0%, while the worst month was Mar 2020 at -17.4%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 3 months.

On a daily basis, NWXHX closed higher 43% of trading days. The best single day was Dec 22, 2022 with a return of +5.7%, while the worst single day was Mar 24, 2020 at -5.3%.

Nationwide Amundi Strategic Income Fund has an annualized alpha of 6.95%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (25.14%) than losses (10.00%) - 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.

NWXHX has an expense ratio of 0.61%, placing it in the medium range.

NWXHX 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.

Nationwide Amundi Strategic Income Fund provided a 5.18% dividend yield over the last twelve months, with an annual payout of $0.53 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Nationwide Amundi Strategic Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Nationwide Amundi Strategic Income 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 Amundi Strategic Income Fund was 22.96%, occurring on Mar 25, 2020. Recovery took 170 trading sessions.

The current Nationwide Amundi Strategic Income Fund drawdown is 0.12%.

The chart below shows the rolling one-month volatility.