GGEIX vs. NWHVX

Last updated Jun 24, 2026

GGEIX (Nationwide Global Sustainable Equity Fund) and NWHVX (Nationwide Geneva Mid Cap Growth Fund) are both mutual funds - GGEIX is a Global Equities fund managed by Nationwide, while NWHVX is a Mid Cap Growth Equities fund managed by Nationwide. Over the past 10 years, GGEIX returned 14.83%/yr vs 8.96%/yr for NWHVX. Their correlation of 0.84 suggests significant overlap in exposure. GGEIX charges 0.96%/yr vs 1.07%/yr for NWHVX.

Performance

GGEIX vs. NWHVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Global Sustainable Equity Fund (GGEIX) and Nationwide Geneva Mid Cap Growth Fund (NWHVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGEIX achieves a 8.59% return, which is significantly higher than NWHVX's -5.23% return. Over the past 10 years, GGEIX has outperformed NWHVX with an annualized return of 14.83%, while NWHVX has yielded a comparatively lower 8.96% annualized return.

GGEIX

• 1D: -0.56%
• 1M: 0.90%
• YTD: 8.59%
• 6M: 7.97%
• 1Y: 25.64%
• 3Y*: 17.53%
• 5Y*: 11.81%
• 10Y*: 14.83%

NWHVX

• 1D: -1.07%
• 1M: 0.10%
• YTD: -5.23%
• 6M: -6.54%
• 1Y: -9.41%
• 3Y*: 4.63%
• 5Y*: 0.39%
• 10Y*: 8.96%

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

GGEIX vs. NWHVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGEIX Nationwide Global Sustainable Equity Fund	8.59%	26.04%	6.99%	22.73%	-9.76%	21.11%	20.55%	29.42%	-8.00%	24.62%
NWHVX Nationwide Geneva Mid Cap Growth Fund	-5.23%	-2.38%	9.89%	23.84%	-28.32%	25.03%	31.17%	29.96%	-2.97%	23.11%

Correlation

The correlation between GGEIX and NWHVX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013	0.84

The correlation between GGEIX and NWHVX shifts across timeframes, from 0.73 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GGEIX vs. NWHVX — Risk / Return Rank

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

GGEIX

GGEIX Risk / Return Rank: 50
GGEIX Sharpe Ratio Rank: 49
GGEIX Sortino Ratio Rank: 45
GGEIX Omega Ratio Rank: 45
GGEIX Calmar Ratio Rank: 51
GGEIX Martin Ratio Rank: 61

NWHVX

NWHVX Risk / Return Rank: 1
NWHVX Sharpe Ratio Rank: 1
NWHVX Sortino Ratio Rank: 1
NWHVX Omega Ratio Rank: 1
NWHVX Calmar Ratio Rank: 1
NWHVX Martin Ratio Rank: 1

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.

GGEIX vs. NWHVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Global Sustainable Equity Fund (GGEIX) and Nationwide Geneva Mid Cap Growth Fund (NWHVX). 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.

	GGEIX	NWHVX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	-0.58	+2.49
Sortino ratio: Return per unit of downside risk	2.62	-0.73	+3.34
Omega ratio: Gain probability vs. loss probability	1.34	0.92	+0.42
Calmar ratio: Return relative to maximum drawdown	2.61	-0.48	+3.08
Martin ratio: Return relative to average drawdown	11.33	-1.03	+12.36

GGEIX vs. NWHVX - Sharpe Ratio Comparison

The current GGEIX Sharpe Ratio is 1.91, which is higher than the NWHVX Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of GGEIX and NWHVX, 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

GGEIX vs. NWHVX - Drawdown Comparison

The maximum GGEIX drawdown since its inception was -61.43%, which is greater than NWHVX's maximum drawdown of -37.12%. Use the drawdown chart below to compare losses from any high point for GGEIX and NWHVX.

Drawdown Indicators

	GGEIX	NWHVX	Difference
Max Drawdown Largest peak-to-trough decline	-61.43%	-37.12%	-24.31%
Max Drawdown (1Y) Largest decline over 1 year	-10.34%	-17.82%	+7.48%
Max Drawdown (3Y) Largest decline over 3 years	-17.97%	-19.80%	+1.83%
Max Drawdown (5Y) Largest decline over 5 years	-28.42%	-37.12%	+8.70%
Max Drawdown (10Y) Largest decline over 10 years	-32.94%	-37.12%	+4.18%
Current Drawdown Current decline from peak	-1.32%	-14.22%	+12.90%
Average Drawdown Average peak-to-trough decline	-12.48%	-7.85%	-4.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	8.29%	-5.92%

Volatility

GGEIX vs. NWHVX - Volatility Comparison

Nationwide Global Sustainable Equity Fund (GGEIX) has a higher volatility of 5.12% compared to Nationwide Geneva Mid Cap Growth Fund (NWHVX) at 4.74%. This indicates that GGEIX's price experiences larger fluctuations and is considered to be riskier than NWHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGEIX	NWHVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	4.74%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	11.21%	11.79%	-0.58%
Volatility (1Y) Calculated over the trailing 1-year period	14.10%	14.84%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	19.93%	-2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.71%	19.71%	-2.00%

GGEIX vs. NWHVX - Expense Ratio Comparison

GGEIX has a 0.96% expense ratio, which is lower than NWHVX's 1.07% expense ratio.

Dividends

GGEIX vs. NWHVX - Dividend Comparison

GGEIX's dividend yield for the trailing twelve months is around 11.04%, more than NWHVX's 8.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGEIX Nationwide Global Sustainable Equity Fund	11.04%	12.27%	6.83%	0.43%	18.60%	12.98%	1.35%	7.21%	12.25%	0.89%	1.47%	1.63%
NWHVX Nationwide Geneva Mid Cap Growth Fund	8.40%	7.96%	11.93%	16.14%	36.45%	34.64%	6.16%	18.85%	38.53%	11.37%	8.97%	13.54%

Frequently Asked Questions

Can I hold both GGEIX and NWHVX in my portfolio?

GGEIX and NWHVX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGEIX or NWHVX?

GGEIX has higher volatility (5.12%) compared to NWHVX (4.74%). In terms of maximum drawdown, GGEIX dropped -61.43% vs NWHVX's -37.12%.

Which has better risk-adjusted returns?

GGEIX currently has the higher Sharpe Ratio (1.91 vs -0.58), 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.