JMM vs. NWXEX
JMM (Nuveen Multi-Market Income Fund) and NWXEX (Nationwide Strategic Income A) are both Multisector Bonds funds. Over the past 10 years, JMM returned 3.00%/yr vs 6.58%/yr for NWXEX. At a 0.10 correlation, their price movements are largely independent. JMM charges 0.04%/yr vs 0.99%/yr for NWXEX.
Performance
JMM vs. NWXEX - Performance Comparison
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Returns By Period
In the year-to-date period, JMM achieves a -0.95% return, which is significantly lower than NWXEX's 2.22% return. Over the past 10 years, JMM has underperformed NWXEX with an annualized return of 3.00%, while NWXEX has yielded a comparatively higher 6.58% annualized return.
JMM
- 1D
- -0.17%
- 1M
- 1.16%
- YTD
- -0.95%
- 6M
- -0.78%
- 1Y
- -0.14%
- 3Y*
- 6.05%
- 5Y*
- 0.72%
- 10Y*
- 3.00%
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%
JMM vs. NWXEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | -0.95% | 5.61% | 8.15% | 6.57% | -17.95% | 10.53% | 1.77% | 13.56% | -5.37% | 10.58% |
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 JMM and NWXEX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2015 | 0.10 |
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Return for Risk
JMM vs. NWXEX — Risk / Return Rank
JMM
NWXEX
JMM vs. NWXEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Market Income Fund (JMM) 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.
| JMM | NWXEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.24 | ||
| Sortino ratioReturn per unit of downside risk | -8.92 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 2.61 | -1.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 14.81 | -14.83 |
| Martin ratioReturn relative to average drawdown | -0.03 | 59.63 | -59.67 |
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Drawdowns
JMM vs. NWXEX - Drawdown Comparison
The maximum JMM drawdown since its inception was -48.15%, which is greater than NWXEX's maximum drawdown of -22.97%. Use the drawdown chart below to compare losses from any high point for JMM and NWXEX.
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Drawdown Indicators
| JMM | NWXEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.15% | -22.97% | -25.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -0.43% | -7.85% |
Max Drawdown (3Y)Largest decline over 3 years | -9.92% | -1.89% | -8.03% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -5.60% | -18.59% |
Max Drawdown (10Y)Largest decline over 10 years | -26.48% | -22.97% | -3.51% |
Current DrawdownCurrent decline from peak | -5.93% | -0.14% | -5.79% |
Average DrawdownAverage peak-to-trough decline | -14.09% | -1.09% | -13.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 0.11% | +4.03% |
Volatility
JMM vs. NWXEX - Volatility Comparison
Nuveen Multi-Market Income Fund (JMM) has a higher volatility of 3.07% compared to Nationwide Strategic Income A (NWXEX) at 0.40%. This indicates that JMM'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
| JMM | NWXEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 0.40% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 0.94% | +7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.86% | 1.22% | +10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 3.66% | +9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 4.41% | +9.51% |
JMM vs. NWXEX - Expense Ratio Comparison
JMM has a 0.04% expense ratio, which is lower than NWXEX's 0.99% expense ratio.
Dividends
JMM vs. NWXEX - Dividend Comparison
JMM's dividend yield for the trailing twelve months is around 5.99%, more than NWXEX's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | 5.99% | 5.76% | 5.48% | 5.58% | 6.13% | 4.60% | 4.49% | 4.86% | 5.34% | 5.63% | 6.19% | 6.76% |
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
JMM and NWXEX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMM has higher volatility (3.07%) compared to NWXEX (0.40%). In terms of maximum drawdown, JMM dropped -48.15% vs NWXEX's -22.97%.
NWXEX currently has the higher Sharpe Ratio (5.23 vs -0.01), 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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