IOFIX vs. NWXEX
Compare and contrast key facts about AlphaCentric Income Opportunities Fund (IOFIX) and Nationwide Strategic Income A (NWXEX).
IOFIX is managed by AlphaCentric Funds. It was launched on May 27, 2015. NWXEX is an actively managed fund by Nationwide. It was launched on Nov 2, 2015.
Performance
IOFIX vs. NWXEX - Performance Comparison
Loading graphics...
IOFIX vs. NWXEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOFIX AlphaCentric Income Opportunities Fund | -0.00% | 8.34% | -0.35% | -5.52% | -21.68% | 14.92% | -10.56% | 11.93% | 4.45% | 14.04% |
NWXEX Nationwide Strategic Income A | 0.69% | 6.97% | 9.36% | 9.00% | 3.50% | 4.64% | 3.24% | 9.84% | -0.39% | 10.86% |
Returns By Period
Over the past 10 years, IOFIX has underperformed NWXEX with an annualized return of 1.81%, while NWXEX has yielded a comparatively higher 6.69% annualized return.
IOFIX
- 1D
- 0.98%
- 1M
- -1.48%
- YTD
- -0.00%
- 6M
- 1.61%
- 1Y
- 7.75%
- 3Y*
- 1.50%
- 5Y*
- -2.73%
- 10Y*
- 1.81%
NWXEX
- 1D
- 0.00%
- 1M
- -0.33%
- YTD
- 0.69%
- 6M
- 1.75%
- 1Y
- 6.28%
- 3Y*
- 8.15%
- 5Y*
- 6.20%
- 10Y*
- 6.69%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IOFIX vs. NWXEX - Expense Ratio Comparison
IOFIX has a 1.65% expense ratio, which is higher than NWXEX's 0.99% expense ratio.
Return for Risk
IOFIX vs. NWXEX — Risk / Return Rank
IOFIX
NWXEX
IOFIX vs. NWXEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Income Opportunities Fund (IOFIX) 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.
| IOFIX | NWXEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 3.89 | -2.34 |
Sortino ratioReturn per unit of downside risk | 2.39 | 5.48 | -3.09 |
Omega ratioGain probability vs. loss probability | 1.31 | 2.13 | -0.82 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 4.41 | -2.33 |
Martin ratioReturn relative to average drawdown | 6.71 | 24.68 | -17.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IOFIX | NWXEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 3.89 | -2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.58 | 1.70 | -2.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 1.52 | -1.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 1.46 | -1.27 |
Correlation
The correlation between IOFIX and NWXEX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IOFIX vs. NWXEX - Dividend Comparison
IOFIX's dividend yield for the trailing twelve months is around 8.29%, more than NWXEX's 4.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOFIX AlphaCentric Income Opportunities Fund | 8.29% | 7.44% | 8.16% | 7.52% | 5.51% | 3.94% | 4.76% | 4.70% | 5.06% | 4.83% | 4.97% | 0.00% |
NWXEX Nationwide Strategic Income A | 4.82% | 4.93% | 4.73% | 4.33% | 16.14% | 3.99% | 4.70% | 3.63% | 4.30% | 8.40% | 7.21% | 0.43% |
Drawdowns
IOFIX vs. NWXEX - Drawdown Comparison
The maximum IOFIX drawdown since its inception was -45.49%, which is greater than NWXEX's maximum drawdown of -22.97%. Use the drawdown chart below to compare losses from any high point for IOFIX and NWXEX.
Loading graphics...
Drawdown Indicators
| IOFIX | NWXEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.49% | -22.97% | -22.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.80% | -1.20% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -5.60% | -24.90% |
Max Drawdown (10Y)Largest decline over 10 years | -45.49% | -22.97% | -22.52% |
Current DrawdownCurrent decline from peak | -20.47% | -0.43% | -20.04% |
Average DrawdownAverage peak-to-trough decline | -11.62% | -1.12% | -10.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 0.25% | +0.93% |
Volatility
IOFIX vs. NWXEX - Volatility Comparison
AlphaCentric Income Opportunities Fund (IOFIX) has a higher volatility of 1.70% compared to Nationwide Strategic Income A (NWXEX) at 0.51%. This indicates that IOFIX'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.
Loading graphics...
Volatility by Period
| IOFIX | NWXEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.51% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 0.89% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.83% | 1.60% | +3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 3.66% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.26% | 4.42% | +4.84% |