GIIAX vs. NWXEX
GIIAX (Nationwide International Index Fund) and NWXEX (Nationwide Strategic Income A) are both mutual funds - GIIAX is a Foreign Large Cap Equities fund managed by Nationwide, while NWXEX is a Multisector Bonds fund actively managed by Nationwide. Over the past 10 years, GIIAX returned 9.57%/yr vs 6.58%/yr for NWXEX. At a 0.19 correlation, their price movements are largely independent. GIIAX charges 0.71%/yr vs 0.99%/yr for NWXEX.
Performance
GIIAX vs. NWXEX - Performance Comparison
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Returns By Period
In the year-to-date period, GIIAX achieves a 10.39% return, which is significantly higher than NWXEX's 2.22% return. Over the past 10 years, GIIAX has outperformed NWXEX with an annualized return of 9.57%, while NWXEX has yielded a comparatively lower 6.58% annualized return.
GIIAX
- 1D
- 0.18%
- 1M
- 2.13%
- YTD
- 10.39%
- 6M
- 9.96%
- 1Y
- 23.96%
- 3Y*
- 16.82%
- 5Y*
- 8.65%
- 10Y*
- 9.57%
NWXEX
- 1D
- -0.10%
- 1M
- 0.35%
- YTD
- 2.22%
- 6M
- 2.33%
- 1Y
- 6.36%
- 3Y*
- 8.08%
- 5Y*
- 6.31%
- 10Y*
- 6.58%
GIIAX vs. NWXEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIIAX Nationwide International Index Fund | 10.39% | 31.11% | 3.05% | 16.88% | -14.43% | 10.67% | 7.26% | 21.56% | -14.10% | 24.81% |
NWXEX Nationwide Strategic Income A | 2.22% | 6.97% | 9.36% | 9.00% | 3.50% | 4.64% | 3.24% | 9.84% | -0.39% | 10.86% |
Correlation
The correlation between GIIAX and NWXEX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2015 | 0.19 |
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Return for Risk
GIIAX vs. NWXEX — Risk / Return Rank
GIIAX
NWXEX
GIIAX vs. NWXEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide International Index Fund (GIIAX) 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.
| GIIAX | NWXEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.58 | ||
| Sortino ratioReturn per unit of downside risk | -6.63 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 2.61 | -1.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 14.81 | -12.59 |
| Martin ratioReturn relative to average drawdown | 8.12 | 59.63 | -51.51 |
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Drawdowns
GIIAX vs. NWXEX - Drawdown Comparison
The maximum GIIAX drawdown since its inception was -61.28%, which is greater than NWXEX's maximum drawdown of -22.97%. Use the drawdown chart below to compare losses from any high point for GIIAX and NWXEX.
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Drawdown Indicators
| GIIAX | NWXEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.28% | -22.97% | -38.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -0.43% | -10.78% |
Max Drawdown (3Y)Largest decline over 3 years | -13.63% | -1.89% | -11.74% |
Max Drawdown (5Y)Largest decline over 5 years | -29.61% | -5.60% | -24.01% |
Max Drawdown (10Y)Largest decline over 10 years | -34.23% | -22.97% | -11.26% |
Current DrawdownCurrent decline from peak | 0.00% | -0.14% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -1.09% | -14.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 0.11% | +2.96% |
Volatility
GIIAX vs. NWXEX - Volatility Comparison
Nationwide International Index Fund (GIIAX) has a higher volatility of 5.02% compared to Nationwide Strategic Income A (NWXEX) at 0.40%. This indicates that GIIAX'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
| GIIAX | NWXEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 0.40% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.69% | 0.94% | +11.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 1.22% | +13.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.80% | 3.66% | +12.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 4.41% | +11.94% |
GIIAX vs. NWXEX - Expense Ratio Comparison
GIIAX has a 0.71% expense ratio, which is lower than NWXEX's 0.99% expense ratio.
Dividends
GIIAX vs. NWXEX - Dividend Comparison
GIIAX's dividend yield for the trailing twelve months is around 6.64%, more than NWXEX's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIIAX Nationwide International Index Fund | 6.64% | 7.14% | 3.84% | 2.99% | 1.90% | 3.69% | 1.58% | 4.20% | 6.17% | 6.21% | 2.87% | 3.36% |
NWXEX Nationwide Strategic Income A | 4.90% | 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
GIIAX and NWXEX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIIAX has higher volatility (5.02%) compared to NWXEX (0.40%). In terms of maximum drawdown, GIIAX dropped -61.28% vs NWXEX's -22.97%.
NWXEX currently has the higher Sharpe Ratio (5.23 vs 1.65), 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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