ASIEX vs. NWXEX
ASIEX (American Century Strategic Income Fund) and NWXEX (Nationwide Strategic Income A) are both Multisector Bonds funds. Over the past 10 years, ASIEX returned 3.59%/yr vs 6.53%/yr for NWXEX. At a 0.23 correlation, their price movements are largely independent. ASIEX charges 0.73%/yr vs 0.99%/yr for NWXEX.
Performance
ASIEX vs. NWXEX - Performance Comparison
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Returns By Period
In the year-to-date period, ASIEX achieves a 0.70% return, which is significantly lower than NWXEX's 2.33% return. Over the past 10 years, ASIEX has underperformed NWXEX with an annualized return of 3.59%, while NWXEX has yielded a comparatively higher 6.53% annualized return.
ASIEX
- 1D
- 0.11%
- 1M
- 0.77%
- YTD
- 0.70%
- 6M
- 1.25%
- 1Y
- 5.54%
- 3Y*
- 6.34%
- 5Y*
- 1.89%
- 10Y*
- 3.59%
NWXEX
- 1D
- 0.10%
- 1M
- 0.45%
- YTD
- 2.33%
- 6M
- 2.43%
- 1Y
- 6.47%
- 3Y*
- 8.11%
- 5Y*
- 6.31%
- 10Y*
- 6.53%
ASIEX vs. NWXEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASIEX American Century Strategic Income Fund | 0.70% | 8.01% | 4.91% | 7.22% | -11.12% | 2.33% | 9.17% | 9.77% | -1.62% | 6.01% |
NWXEX Nationwide Strategic Income A | 2.33% | 6.97% | 9.36% | 9.00% | 3.50% | 4.64% | 3.24% | 9.84% | -0.39% | 10.86% |
Correlation
The correlation between ASIEX and NWXEX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2015 | 0.23 |
The correlation between ASIEX and NWXEX shifts across timeframes, from -0.02 (1 year) to 0.23 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ASIEX vs. NWXEX — Risk / Return Rank
ASIEX
NWXEX
ASIEX vs. NWXEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Strategic Income Fund (ASIEX) and Nationwide Strategic Income A (NWXEX). 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.
| ASIEX | NWXEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.69 | ||
| Sortino ratioReturn per unit of downside risk | -6.64 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 2.68 | -1.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 15.06 | -13.27 |
| Martin ratioReturn relative to average drawdown | 6.51 | 60.83 | -54.32 |
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Drawdowns
ASIEX vs. NWXEX - Drawdown Comparison
The maximum ASIEX drawdown since its inception was -14.31%, smaller than the maximum NWXEX drawdown of -22.97%. Use the drawdown chart below to compare losses from any high point for ASIEX and NWXEX.
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Drawdown Indicators
| ASIEX | NWXEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -22.97% | +8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -0.43% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | -1.89% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -5.60% | -8.71% |
Max Drawdown (10Y)Largest decline over 10 years | -14.31% | -22.97% | +8.66% |
Current DrawdownCurrent decline from peak | -0.91% | -0.04% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -1.09% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.11% | +0.76% |
Volatility
ASIEX vs. NWXEX - Volatility Comparison
American Century Strategic Income Fund (ASIEX) has a higher volatility of 1.17% compared to Nationwide Strategic Income A (NWXEX) at 0.38%. This indicates that ASIEX's price experiences larger fluctuations and is considered to be riskier than NWXEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASIEX | NWXEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.38% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 0.93% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 1.22% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.34% | 3.66% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.97% | 4.41% | -0.44% |
ASIEX vs. NWXEX - Expense Ratio Comparison
ASIEX has a 0.73% expense ratio, which is lower than NWXEX's 0.99% expense ratio.
Dividends
ASIEX vs. NWXEX - Dividend Comparison
ASIEX's dividend yield for the trailing twelve months is around 5.32%, more than NWXEX's 4.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASIEX American Century Strategic Income Fund | 5.32% | 5.53% | 5.80% | 5.15% | 2.88% | 5.39% | 3.58% | 3.07% | 3.95% | 3.16% | 3.53% | 4.23% |
NWXEX Nationwide Strategic Income A | 4.89% | 4.93% | 4.73% | 4.33% | 16.14% | 3.99% | 4.70% | 3.63% | 4.30% | 8.40% | 7.21% | 0.43% |
Frequently Asked Questions
ASIEX and NWXEX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASIEX has higher volatility (1.17%) compared to NWXEX (0.38%). In terms of maximum drawdown, ASIEX dropped -14.31% vs NWXEX's -22.97%.
NWXEX currently has the higher Sharpe Ratio (5.34 vs 1.66), 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.
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