FRSTX vs. NWXHX

Last updated Jun 5, 2026

FRSTX (Franklin Strategic Income Fund) and NWXHX (Nationwide Amundi Strategic Income Fund) are both Multisector Bonds funds. Over the past 10 years, FRSTX returned 2.64%/yr vs 6.81%/yr for NWXHX. At a 0.24 correlation, their price movements are largely independent. FRSTX charges 0.89%/yr vs 0.61%/yr for NWXHX.

Performance

FRSTX vs. NWXHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Strategic Income Fund (FRSTX) and Nationwide Amundi Strategic Income Fund (NWXHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRSTX achieves a 0.12% return, which is significantly lower than NWXHX's 2.19% return. Over the past 10 years, FRSTX has underperformed NWXHX with an annualized return of 2.64%, while NWXHX has yielded a comparatively higher 6.81% annualized return.

FRSTX

• 1D: -0.12%
• 1M: 0.22%
• YTD: 0.12%
• 6M: 0.22%
• 1Y: 4.64%
• 3Y*: 4.72%
• 5Y*: 1.39%
• 10Y*: 2.64%

NWXHX

• 1D: -0.10%
• 1M: 0.53%
• YTD: 2.19%
• 6M: 2.61%
• 1Y: 7.01%
• 3Y*: 8.59%
• 5Y*: 6.61%
• 10Y*: 6.81%

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

FRSTX vs. NWXHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRSTX Franklin Strategic Income Fund	0.12%	5.97%	3.28%	8.44%	-10.72%	2.13%	3.49%	8.17%	-1.87%	4.50%
NWXHX Nationwide Amundi Strategic Income Fund	2.19%	7.36%	9.76%	9.39%	3.56%	4.86%	3.48%	10.18%	-0.11%	11.16%

Correlation

The correlation between FRSTX and NWXHX is 0.01, 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	0.01
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	0.21
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.24

Over the past year, the correlation between FRSTX and NWXHX has dropped to 0.01 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.

Return for Risk

FRSTX vs. NWXHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRSTX

FRSTX Risk / Return Rank: 25
FRSTX Sharpe Ratio Rank: 25
FRSTX Sortino Ratio Rank: 25
FRSTX Omega Ratio Rank: 25
FRSTX Calmar Ratio Rank: 25
FRSTX Martin Ratio Rank: 22

NWXHX

NWXHX Risk / Return Rank: 99
NWXHX Sharpe Ratio Rank: 100
NWXHX Sortino Ratio Rank: 100
NWXHX Omega Ratio Rank: 99
NWXHX Calmar Ratio Rank: 100
NWXHX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FRSTX vs. NWXHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Strategic Income Fund (FRSTX) and Nationwide Amundi Strategic Income Fund (NWXHX). 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.

	FRSTX	NWXHX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	6.14	-4.74
Sortino ratio: Return per unit of downside risk	2.03	11.47	-9.44
Omega ratio: Gain probability vs. loss probability	1.25	3.07	-1.82
Calmar ratio: Return relative to maximum drawdown	1.80	17.60	-15.80
Martin ratio: Return relative to average drawdown	5.42	63.36	-57.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRSTX vs. NWXHX - Sharpe Ratio Comparison

The current FRSTX Sharpe Ratio is 1.39, which is lower than the NWXHX Sharpe Ratio of 6.14. The chart below compares the historical Sharpe Ratios of FRSTX and NWXHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FRSTX	NWXHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	6.14	-4.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	1.79	-1.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	1.54	-0.90
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	1.59	-0.22

Drawdowns

FRSTX vs. NWXHX - Drawdown Comparison

The maximum FRSTX drawdown since its inception was -19.09%, smaller than the maximum NWXHX drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for FRSTX and NWXHX.

Drawdown Indicators

	FRSTX	NWXHX	Difference
Max Drawdown Largest peak-to-trough decline	-19.09%	-22.96%	+3.87%
Max Drawdown (1Y) Largest decline over 1 year	-2.95%	-0.41%	-2.54%
Max Drawdown (3Y) Largest decline over 3 years	-3.40%	-1.99%	-1.41%
Max Drawdown (5Y) Largest decline over 5 years	-14.83%	-5.52%	-9.31%
Max Drawdown (10Y) Largest decline over 10 years	-17.63%	-22.96%	+5.33%
Current Drawdown Current decline from peak	-1.64%	-0.10%	-1.54%
Average Drawdown Average peak-to-trough decline	-2.05%	-1.04%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	0.11%	+0.86%

Volatility

FRSTX vs. NWXHX - Volatility Comparison

Franklin Strategic Income Fund (FRSTX) has a higher volatility of 1.26% compared to Nationwide Amundi Strategic Income Fund (NWXHX) at 0.46%. This indicates that FRSTX's price experiences larger fluctuations and is considered to be riskier than NWXHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRSTX	NWXHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	0.46%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	2.73%	0.85%	+1.88%
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	1.16%	+2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.11%	3.70%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.14%	4.43%	-0.29%

FRSTX vs. NWXHX - Expense Ratio Comparison

FRSTX has a 0.89% expense ratio, which is higher than NWXHX's 0.61% expense ratio.

Dividends

FRSTX vs. NWXHX - Dividend Comparison

FRSTX's dividend yield for the trailing twelve months is around 3.97%, less than NWXHX's 5.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRSTX Franklin Strategic Income Fund	3.97%	3.36%	4.74%	4.56%	4.36%	3.62%	3.93%	4.47%	4.32%	2.25%	2.48%	4.81%
NWXHX Nationwide Amundi Strategic Income Fund	5.57%	5.19%	5.09%	4.57%	16.34%	4.20%	4.92%	3.94%	4.59%	8.67%	7.55%	0.00%

Frequently Asked Questions

Can I hold both FRSTX and NWXHX in my portfolio?

FRSTX and NWXHX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRSTX or NWXHX?

FRSTX has higher volatility (1.26%) compared to NWXHX (0.46%). In terms of maximum drawdown, FRSTX dropped -19.09% vs NWXHX's -22.96%.

Which has better risk-adjusted returns?

NWXHX currently has the higher Sharpe Ratio (6.14 vs 1.39), 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.