MINVX vs. NWAUX
MINVX (Madison Investors Fund) and NWAUX (Nationwide GQG US Quality Equity Fund) are both Large Cap Blend Equities funds. Over the past 5 years, MINVX returned 8.70%/yr vs 9.32%/yr for NWAUX. A 0.60 correlation means they provide meaningful diversification when combined. MINVX charges 0.91%/yr vs 0.74%/yr for NWAUX.
Performance
MINVX vs. NWAUX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MINVX having a 4.39% return and NWAUX slightly higher at 4.50%.
MINVX
- 1D
- -1.18%
- 1M
- -0.78%
- YTD
- 4.39%
- 6M
- 3.26%
- 1Y
- 6.70%
- 3Y*
- 12.17%
- 5Y*
- 8.70%
- 10Y*
- 12.80%
NWAUX
- 1D
- 1.79%
- 1M
- -3.59%
- YTD
- 4.50%
- 6M
- 4.35%
- 1Y
- 2.10%
- 3Y*
- 12.33%
- 5Y*
- 9.32%
- 10Y*
- —
MINVX vs. NWAUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MINVX Madison Investors Fund | 4.39% | 3.30% | 16.38% | 26.12% | -13.18% | 22.50% |
NWAUX Nationwide GQG US Quality Equity Fund | 4.50% | -4.92% | 27.90% | 18.30% | -3.23% | 22.65% |
Correlation
The correlation between MINVX and NWAUX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.60 |
Over the past year, the correlation between MINVX and NWAUX has dropped to 0.10 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
MINVX vs. NWAUX — Risk / Return Rank
MINVX
NWAUX
MINVX vs. NWAUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Investors Fund (MINVX) and Nationwide GQG US Quality Equity Fund (NWAUX). 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.
| MINVX | NWAUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.04 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.26 | +0.56 |
| Martin ratioReturn relative to average drawdown | 2.46 | 0.67 | +1.79 |
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Drawdowns
MINVX vs. NWAUX - Drawdown Comparison
The maximum MINVX drawdown since its inception was -52.40%, which is greater than NWAUX's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for MINVX and NWAUX.
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Drawdown Indicators
| MINVX | NWAUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -21.07% | -31.33% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -8.55% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.23% | -19.31% | +3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -21.07% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -11.44% | +8.88% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -6.96% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.34% | -0.02% |
Volatility
MINVX vs. NWAUX - Volatility Comparison
Madison Investors Fund (MINVX) has a higher volatility of 4.50% compared to Nationwide GQG US Quality Equity Fund (NWAUX) at 4.14%. This indicates that MINVX's price experiences larger fluctuations and is considered to be riskier than NWAUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINVX | NWAUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 4.14% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 8.12% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.64% | 10.56% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 16.14% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.01% | 15.92% | +1.09% |
MINVX vs. NWAUX - Expense Ratio Comparison
MINVX has a 0.91% expense ratio, which is higher than NWAUX's 0.74% expense ratio.
Dividends
MINVX vs. NWAUX - Dividend Comparison
MINVX's dividend yield for the trailing twelve months is around 6.99%, more than NWAUX's 4.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINVX Madison Investors Fund | 6.99% | 7.30% | 6.09% | 8.18% | 6.64% | 7.82% | 9.86% | 6.02% | 18.77% | 5.91% | 3.31% | 16.40% |
NWAUX Nationwide GQG US Quality Equity Fund | 4.98% | 4.35% | 13.58% | 0.40% | 1.93% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MINVX and NWAUX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MINVX has higher volatility (4.50%) compared to NWAUX (4.14%). In terms of maximum drawdown, MINVX dropped -52.40% vs NWAUX's -21.07%.
MINVX currently has the higher Sharpe Ratio (0.60 vs 0.21), 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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