MSTQX vs. NWAUX
MSTQX (Morningstar U.S. Equity Fund) and NWAUX (Nationwide GQG US Quality Equity Fund) are both mutual funds - MSTQX is a Large Cap Blend Equities fund managed by Morningstar, while NWAUX is a Quality Factor fund managed by Nationwide. Over the past 5 years, MSTQX returned 6.04%/yr vs 8.98%/yr for NWAUX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. MSTQX charges 0.85%/yr vs 0.74%/yr for NWAUX.
Performance
MSTQX vs. NWAUX - Performance Comparison
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Returns By Period
In the year-to-date period, MSTQX achieves a 7.20% return, which is significantly higher than NWAUX's 5.53% return.
MSTQX
- 1D
- 0.79%
- 1M
- 0.63%
- 6M
- 4.49%
- YTD
- 7.20%
- 1Y
- -4.75%
- 3Y*
- 8.21%
- 5Y*
- 6.04%
- 10Y*
- —
- ALL TIME*
- 9.28%
NWAUX
- 1D
- 0.28%
- 1M
- 0.28%
- 6M
- 1.75%
- YTD
- 5.53%
- 1Y
- 6.08%
- 3Y*
- 10.94%
- 5Y*
- 8.98%
- 10Y*
- —
- ALL TIME*
- 11.54%
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 |
MSTQX vs. NWAUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MSTQX Morningstar U.S. Equity Fund | 7.20% | -5.56% | 18.94% | 25.24% | -16.29% | 17.40% |
NWAUX Nationwide GQG US Quality Equity Fund | 5.53% | -4.92% | 27.90% | 18.30% | -3.23% | 22.65% |
Correlation
The correlation between MSTQX and NWAUX is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.61 |
The correlation between MSTQX and NWAUX shifts across timeframes, from -0.08 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSTQX vs. NWAUX — Risk / Return Rank
MSTQX
NWAUX
MSTQX vs. NWAUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar U.S. Equity Fund (MSTQX) 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.
| MSTQX | NWAUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.10 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.68 | -0.97 |
| Martin ratioReturn relative to average drawdown | -0.55 | 1.54 | -2.09 |
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Drawdowns
MSTQX vs. NWAUX - Drawdown Comparison
The maximum MSTQX drawdown since its inception was -36.23%, which is greater than NWAUX's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for MSTQX and NWAUX.
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Drawdown Indicators
| MSTQX | NWAUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.23% | -21.07% | -15.16% |
Max Drawdown (1Y)Largest decline over 1 year | -21.58% | -8.55% | -13.03% |
Max Drawdown (3Y)Largest decline over 3 years | -21.58% | -19.31% | -2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -21.07% | -2.54% |
Current DrawdownCurrent decline from peak | -10.62% | -10.57% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -7.04% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.43% | 3.77% | +6.66% |
Volatility
MSTQX vs. NWAUX - Volatility Comparison
Morningstar U.S. Equity Fund (MSTQX) has a higher volatility of 2.92% compared to Nationwide GQG US Quality Equity Fund (NWAUX) at 2.69%. This indicates that MSTQX'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
| MSTQX | NWAUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 2.69% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 8.30% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 10.57% | +9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 16.11% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.56% | 15.83% | +4.73% |
MSTQX vs. NWAUX - Expense Ratio Comparison
MSTQX has a 0.85% expense ratio, which is higher than NWAUX's 0.74% expense ratio.
Dividends
MSTQX vs. NWAUX - Dividend Comparison
MSTQX's dividend yield for the trailing twelve months is around 0.64%, less than NWAUX's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MSTQX Morningstar U.S. Equity Fund | 0.64% | 0.69% | 10.80% | 4.21% | 9.79% | 15.98% | 2.15% | 2.04% | 0.17% |
NWAUX Nationwide GQG US Quality Equity Fund | 4.93% | 4.35% | 13.58% | 0.40% | 1.93% | 0.60% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTQX and NWAUX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTQX has higher volatility (2.92%) compared to NWAUX (2.69%). In terms of maximum drawdown, MSTQX dropped -36.23% vs NWAUX's -21.07%.
NWAUX currently has the higher Sharpe Ratio (0.55 vs -0.31), 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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