MDFIX vs. NWXEX
Compare and contrast key facts about Matisse Discounted Bond CEF Strategy (MDFIX) and Nationwide Strategic Income A (NWXEX).
MDFIX is managed by Matisse Funds. It was launched on Apr 29, 2020. NWXEX is an actively managed fund by Nationwide. It was launched on Nov 2, 2015.
Performance
MDFIX vs. NWXEX - Performance Comparison
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MDFIX vs. NWXEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MDFIX Matisse Discounted Bond CEF Strategy | -2.89% | 8.08% | 10.74% | 13.63% | -15.84% | 75.03% | 26.79% |
NWXEX Nationwide Strategic Income A | 0.69% | 6.97% | 9.36% | 9.00% | 3.50% | 4.64% | 22.82% |
Returns By Period
In the year-to-date period, MDFIX achieves a -2.89% return, which is significantly lower than NWXEX's 0.69% return.
MDFIX
- 1D
- 0.11%
- 1M
- -2.24%
- YTD
- -2.89%
- 6M
- -2.19%
- 1Y
- 2.76%
- 3Y*
- 8.18%
- 5Y*
- 13.43%
- 10Y*
- —
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%
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MDFIX vs. NWXEX - Expense Ratio Comparison
Both MDFIX and NWXEX have an expense ratio of 0.99%.
Return for Risk
MDFIX vs. NWXEX — Risk / Return Rank
MDFIX
NWXEX
MDFIX vs. NWXEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matisse Discounted Bond CEF Strategy (MDFIX) 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.
| MDFIX | NWXEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 3.89 | -3.29 |
Sortino ratioReturn per unit of downside risk | 0.80 | 5.48 | -4.68 |
Omega ratioGain probability vs. loss probability | 1.12 | 2.13 | -1.01 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 4.41 | -3.67 |
Martin ratioReturn relative to average drawdown | 2.42 | 24.68 | -22.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDFIX | NWXEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 3.89 | -3.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 1.70 | -1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.46 | -0.82 |
Correlation
The correlation between MDFIX and NWXEX is 0.11, 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
MDFIX vs. NWXEX - Dividend Comparison
MDFIX's dividend yield for the trailing twelve months is around 8.71%, more than NWXEX's 4.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDFIX Matisse Discounted Bond CEF Strategy | 8.71% | 8.31% | 7.00% | 7.15% | 7.55% | 45.93% | 3.89% | 0.00% | 0.00% | 0.00% | 0.00% | 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
MDFIX vs. NWXEX - Drawdown Comparison
The maximum MDFIX drawdown since its inception was -22.49%, roughly equal to the maximum NWXEX drawdown of -22.97%. Use the drawdown chart below to compare losses from any high point for MDFIX and NWXEX.
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Drawdown Indicators
| MDFIX | NWXEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.49% | -22.97% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -1.20% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.49% | -5.60% | -16.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.97% | — |
Current DrawdownCurrent decline from peak | -3.83% | -0.43% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -1.12% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 0.25% | +1.02% |
Volatility
MDFIX vs. NWXEX - Volatility Comparison
Matisse Discounted Bond CEF Strategy (MDFIX) has a higher volatility of 1.88% compared to Nationwide Strategic Income A (NWXEX) at 0.51%. This indicates that MDFIX'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
| MDFIX | NWXEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 0.51% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 0.89% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.95% | 1.60% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.74% | 3.66% | +24.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.63% | 4.42% | +21.21% |