JMM vs. NWXHX
JMM (Nuveen Multi-Market Income Fund) and NWXHX (Nationwide Amundi Strategic Income Fund) are both Multisector Bonds funds. Over the past 10 years, JMM returned 2.89%/yr vs 6.60%/yr for NWXHX. At a 0.10 correlation, their price movements are largely independent. JMM charges 0.04%/yr vs 0.61%/yr for NWXHX.
Performance
JMM vs. NWXHX - Performance Comparison
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Returns By Period
In the year-to-date period, JMM achieves a -0.45% return, which is significantly lower than NWXHX's 2.57% return. Over the past 10 years, JMM has underperformed NWXHX with an annualized return of 2.89%, while NWXHX has yielded a comparatively higher 6.60% annualized return.
JMM
- 1D
- -0.34%
- 1M
- 0.65%
- 6M
- -2.14%
- YTD
- -0.45%
- 1Y
- -3.84%
- 3Y*
- 5.95%
- 5Y*
- 0.44%
- 10Y*
- 2.89%
NWXHX
- 1D
- -0.00%
- 1M
- 0.17%
- 6M
- 2.17%
- YTD
- 2.57%
- 1Y
- 6.13%
- 3Y*
- 8.18%
- 5Y*
- 6.62%
- 10Y*
- 6.60%
JMM vs. NWXHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | -0.45% | 5.61% | 8.15% | 6.57% | -17.95% | 10.53% | 1.77% | 13.56% | -5.37% | 10.58% |
NWXHX Nationwide Amundi Strategic Income Fund | 2.57% | 7.36% | 9.76% | 9.39% | 3.56% | 4.86% | 3.48% | 10.18% | -0.11% | 11.16% |
Correlation
The correlation between JMM and NWXHX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.10 |
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Return for Risk
JMM vs. NWXHX — Risk / Return Rank
JMM
NWXHX
JMM vs. NWXHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Market Income Fund (JMM) 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.
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 | NWXHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.56 | ||
| Sortino ratioReturn per unit of downside risk | -9.81 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 2.60 | -1.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 15.16 | -15.62 |
| Martin ratioReturn relative to average drawdown | -0.89 | 52.14 | -53.03 |
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Drawdowns
JMM vs. NWXHX - Drawdown Comparison
The maximum JMM drawdown since its inception was -48.15%, which is greater than NWXHX's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for JMM and NWXHX.
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Drawdown Indicators
| JMM | NWXHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.15% | -22.96% | -25.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -0.41% | -7.87% |
Max Drawdown (3Y)Largest decline over 3 years | -9.92% | -1.99% | -7.93% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -5.52% | -18.67% |
Max Drawdown (10Y)Largest decline over 10 years | -26.48% | -22.96% | -3.52% |
Current DrawdownCurrent decline from peak | -5.46% | -0.10% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -1.03% | -13.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 0.12% | +4.23% |
Volatility
JMM vs. NWXHX - Volatility Comparison
Nuveen Multi-Market Income Fund (JMM) has a higher volatility of 1.75% compared to Nationwide Amundi Strategic Income Fund (NWXHX) at 0.36%. This indicates that JMM'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.
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Volatility by Period
| JMM | NWXHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 0.36% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 0.90% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 1.18% | +10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 3.70% | +9.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 4.40% | +9.50% |
JMM vs. NWXHX - Expense Ratio Comparison
JMM has a 0.04% expense ratio, which is lower than NWXHX's 0.61% expense ratio.
Dividends
JMM vs. NWXHX - Dividend Comparison
JMM's dividend yield for the trailing twelve months is around 5.99%, more than NWXHX's 5.27% 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% |
NWXHX Nationwide Amundi Strategic Income Fund | 5.27% | 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
JMM and NWXHX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMM has higher volatility (1.75%) compared to NWXHX (0.36%). In terms of maximum drawdown, JMM dropped -48.15% vs NWXHX's -22.96%.
NWXHX currently has the higher Sharpe Ratio (5.21 vs -0.34), 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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