MOFIX vs. NWXHX
MOFIX (Mercer Opportunistic Fixed Income Fund) and NWXHX (Nationwide Amundi Strategic Income Fund) are both Multisector Bonds funds. Over the past 5 years, MOFIX returned 1.20%/yr vs 6.66%/yr for NWXHX. Their 0.26 correlation means their historical movements had little consistent relationship. MOFIX charges 0.44%/yr vs 0.61%/yr for NWXHX.
Performance
MOFIX vs. NWXHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MOFIX achieves a -2.24% return, which is significantly lower than NWXHX's 2.67% return.
MOFIX
- 1D
- -0.12%
- 1M
- -1.07%
- 6M
- -2.47%
- YTD
- -2.24%
- 1Y
- -0.14%
- 3Y*
- 4.37%
- 5Y*
- 1.20%
- 10Y*
- —
- ALL TIME*
- 2.02%
NWXHX
- 1D
- 0.10%
- 1M
- 0.10%
- 6M
- 1.87%
- YTD
- 2.67%
- 1Y
- 5.71%
- 3Y*
- 7.95%
- 5Y*
- 6.66%
- 10Y*
- 6.57%
- ALL TIME*
- 6.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MOFIX vs. NWXHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MOFIX Mercer Opportunistic Fixed Income Fund | -2.24% | 8.60% | 2.23% | 12.22% | -11.57% | -1.15% | 5.31% | 3.18% |
NWXHX Nationwide Amundi Strategic Income Fund | 2.67% | 7.36% | 9.76% | 9.39% | 3.56% | 4.86% | 3.48% | 5.19% |
Correlation
The correlation between MOFIX and NWXHX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2019 | 0.26 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MOFIX vs. NWXHX — Risk / Return Rank
MOFIX
NWXHX
MOFIX vs. NWXHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercer Opportunistic Fixed Income Fund (MOFIX) 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.
| MOFIX | NWXHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.95 | ||
| Sortino ratioReturn per unit of downside risk | -8.72 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 2.45 | -1.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 14.12 | -14.16 |
| Martin ratioReturn relative to average drawdown | -0.11 | 47.02 | -47.14 |
Loading charts...
Drawdowns
MOFIX vs. NWXHX - Drawdown Comparison
The maximum MOFIX drawdown since its inception was -19.96%, smaller than the maximum NWXHX drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for MOFIX and NWXHX.
Loading charts...
Drawdown Indicators
| MOFIX | NWXHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.96% | -22.96% | +3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -0.41% | -3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -1.99% | -6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -19.00% | -5.52% | -13.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.96% | — |
Current DrawdownCurrent decline from peak | -2.70% | 0.00% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -1.03% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.12% | +1.21% |
Volatility
MOFIX vs. NWXHX - Volatility Comparison
Mercer Opportunistic Fixed Income Fund (MOFIX) has a higher volatility of 0.68% compared to Nationwide Amundi Strategic Income Fund (NWXHX) at 0.32%. This indicates that MOFIX'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.
Loading charts...
Volatility by Period
| MOFIX | NWXHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.32% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 0.90% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 1.17% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 3.69% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 4.40% | +2.70% |
MOFIX vs. NWXHX - Expense Ratio Comparison
MOFIX has a 0.44% expense ratio, which is lower than NWXHX's 0.61% expense ratio.
Dividends
MOFIX vs. NWXHX - Dividend Comparison
MOFIX's dividend yield for the trailing twelve months is around 3.40%, less than NWXHX's 5.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MOFIX Mercer Opportunistic Fixed Income Fund | 3.40% | 3.32% | 6.91% | 6.44% | 3.81% | 4.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NWXHX Nationwide Amundi Strategic Income Fund | 5.26% | 5.19% | 5.09% | 4.57% | 16.34% | 4.20% | 4.92% | 3.94% | 4.59% | 8.67% | 7.55% |
Frequently Asked Questions
MOFIX and NWXHX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOFIX has higher volatility (0.68%) compared to NWXHX (0.32%). In terms of maximum drawdown, MOFIX dropped -19.96% vs NWXHX's -22.96%.
NWXHX currently has the higher Sharpe Ratio (4.90 vs -0.05), 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.
Find the right allocation for MOFIX and NWXHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer