FLCKX vs. NWAUX

Last updated Aug 4, 2026

FLCKX (Fidelity Leveraged Company Stock Fund Class K) and NWAUX (Nationwide GQG US Quality Equity Fund) are both mutual funds - FLCKX is a Large Cap Blend Equities fund managed by Fidelity, while NWAUX is a Quality Factor fund managed by Nationwide. Over the past 5 years, FLCKX returned 12.71%/yr vs 9.18%/yr for NWAUX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. FLCKX charges 0.65%/yr vs 0.74%/yr for NWAUX.

Performance

FLCKX vs. NWAUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Leveraged Company Stock Fund Class K (FLCKX) and Nationwide GQG US Quality Equity Fund (NWAUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCKX achieves a 14.16% return, which is significantly higher than NWAUX's 6.48% return.

FLCKX

• 1D: 1.98%
• 1M: -3.38%
• 6M: 10.16%
• YTD: 14.16%
• 1Y: 20.42%
• 3Y*: 21.96%
• 5Y*: 12.71%
• 10Y*: 15.01%
• ALL TIME*: 9.58%

NWAUX

• 1D: 0.91%
• 1M: 1.19%
• 6M: 2.96%
• YTD: 6.48%
• 1Y: 7.04%
• 3Y*: 11.36%
• 5Y*: 9.18%
• 10Y*: —
• ALL TIME*: 11.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLCKX Fidelity Leveraged Company Stock Fund Class K	$0.00	$0.00	$0.00
NWAUX Nationwide GQG US Quality Equity Fund	$0.00	$0.00	$0.00

FLCKX vs. NWAUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FLCKX Fidelity Leveraged Company Stock Fund Class K	14.16%	20.45%	27.06%	26.21%	-22.91%	18.10%
NWAUX Nationwide GQG US Quality Equity Fund	6.48%	-4.92%	27.90%	18.30%	-3.23%	22.65%

Correlation

The correlation between FLCKX and NWAUX is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.25
Correlation (3Y) Balances recent behavior with more history.	0.39
Correlation (5Y) Shows whether the relationship held over a longer period.	0.55
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021	0.56

The correlation between FLCKX and NWAUX shifts across timeframes, from -0.25 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLCKX vs. NWAUX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLCKX

FLCKX Risk / Return Rank: 21
FLCKX Sharpe Ratio Rank: 18
FLCKX Sortino Ratio Rank: 19
FLCKX Omega Ratio Rank: 19
FLCKX Calmar Ratio Rank: 24
FLCKX Martin Ratio Rank: 27

NWAUX

NWAUX Risk / Return Rank: 14
NWAUX Sharpe Ratio Rank: 15
NWAUX Sortino Ratio Rank: 15
NWAUX Omega Ratio Rank: 14
NWAUX Calmar Ratio Rank: 14
NWAUX Martin Ratio Rank: 12

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLCKX vs. NWAUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Leveraged Company Stock Fund Class K (FLCKX) and Nationwide GQG US Quality Equity Fund (NWAUX). 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.

	FLCKX	NWAUX	Difference
Sharpe ratio: Return per unit of total volatility	0.75	0.63	+0.12
Sortino ratio: Return per unit of downside risk	1.14	0.98	+0.16
Omega ratio: Gain probability vs. loss probability	1.14	1.11	+0.03
Calmar ratio: Return relative to maximum drawdown	1.20	0.78	+0.42
Martin ratio: Return relative to average drawdown	4.16	1.77	+2.39

FLCKX vs. NWAUX - Sharpe Ratio Comparison

The current FLCKX Sharpe Ratio is 0.75, which is comparable to the NWAUX Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of FLCKX and NWAUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLCKX vs. NWAUX - Drawdown Comparison

The maximum FLCKX drawdown since its inception was -69.99%, which is greater than NWAUX's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for FLCKX and NWAUX.

Drawdown Indicators

	FLCKX	NWAUX	Difference
Max Drawdown Largest peak-to-trough decline	-69.99%	-21.07%	-48.92%
Max Drawdown (1Y) Largest decline over 1 year	-15.43%	-8.55%	-6.88%
Max Drawdown (3Y) Largest decline over 3 years	-28.52%	-19.31%	-9.21%
Max Drawdown (5Y) Largest decline over 5 years	-28.52%	-21.07%	-7.45%
Max Drawdown (10Y) Largest decline over 10 years	-44.10%	—	—
Current Drawdown Current decline from peak	-10.14%	-9.76%	-0.38%
Average Drawdown Average peak-to-trough decline	-12.35%	-7.04%	-5.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.43%	3.78%	+0.65%

Volatility

FLCKX vs. NWAUX - Volatility Comparison

Fidelity Leveraged Company Stock Fund Class K (FLCKX) has a higher volatility of 9.27% compared to Nationwide GQG US Quality Equity Fund (NWAUX) at 2.80%. This indicates that FLCKX's price experiences larger fluctuations and is considered to be riskier than NWAUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCKX	NWAUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.27%	2.80%	+6.47%
Volatility (6M) Calculated over the trailing 6-month period	20.66%	8.34%	+12.32%
Volatility (1Y) Calculated over the trailing 1-year period	24.66%	10.60%	+14.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.55%	16.11%	+7.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.62%	15.83%	+7.79%

FLCKX vs. NWAUX - Expense Ratio Comparison

FLCKX has a 0.65% expense ratio, which is lower than NWAUX's 0.74% expense ratio.

Dividends

FLCKX vs. NWAUX - Dividend Comparison

FLCKX's dividend yield for the trailing twelve months is around 4.11%, less than NWAUX's 4.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCKX Fidelity Leveraged Company Stock Fund Class K	4.11%	4.69%	14.54%	12.22%	18.51%	8.45%	0.19%	0.14%	19.95%	18.97%	27.57%	6.18%
NWAUX Nationwide GQG US Quality Equity Fund	4.89%	4.35%	13.58%	0.40%	1.93%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLCKX and NWAUX in my portfolio?

FLCKX and NWAUX have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCKX or NWAUX?

FLCKX has higher volatility (9.27%) compared to NWAUX (2.80%). In terms of maximum drawdown, FLCKX dropped -69.99% vs NWAUX's -21.07%.

Which has better risk-adjusted returns?

FLCKX currently has the higher Sharpe Ratio (0.75 vs 0.63), 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.