MUIFX vs. NWHVX
MUIFX (Nationwide Fund) and NWHVX (Nationwide Geneva Mid Cap Growth Fund) are both mutual funds - MUIFX is a Large Cap Blend Equities fund managed by Nationwide, while NWHVX is a Mid Cap Growth Equities fund managed by Nationwide. Over the past 10 years, MUIFX returned 13.47%/yr vs 8.80%/yr for NWHVX. Their correlation of 0.86 means they have usually moved in the same direction. MUIFX charges 0.65%/yr vs 1.07%/yr for NWHVX.
Performance
MUIFX vs. NWHVX - Performance Comparison
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Returns By Period
In the year-to-date period, MUIFX achieves a 5.46% return, which is significantly higher than NWHVX's -1.87% return. Over the past 10 years, MUIFX has outperformed NWHVX with an annualized return of 13.47%, while NWHVX has yielded a comparatively lower 8.80% annualized return.
MUIFX
- 1D
- 1.92%
- 1M
- -0.78%
- 6M
- 4.00%
- YTD
- 5.46%
- 1Y
- 13.91%
- 3Y*
- 15.72%
- 5Y*
- 9.90%
- 10Y*
- 13.47%
- ALL TIME*
- 9.24%
NWHVX
- 1D
- -0.57%
- 1M
- -0.57%
- 6M
- -1.59%
- YTD
- -1.87%
- 1Y
- -6.19%
- 3Y*
- 4.21%
- 5Y*
- -0.12%
- 10Y*
- 8.80%
- ALL TIME*
- 8.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MUIFX Nationwide Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
MUIFX vs. NWHVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUIFX Nationwide Fund | 5.46% | 14.21% | 21.61% | 25.72% | -19.09% | 25.37% | 22.59% | 30.95% | -6.06% | 19.79% |
NWHVX Nationwide Geneva Mid Cap Growth Fund | -1.87% | -2.38% | 9.89% | 23.84% | -28.32% | 25.03% | 31.17% | 29.96% | -2.97% | 23.11% |
Correlation
The correlation between MUIFX and NWHVX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013 | 0.86 |
Over the past year, the correlation between MUIFX and NWHVX has dropped to 0.65 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
MUIFX vs. NWHVX — Risk / Return Rank
MUIFX
NWHVX
MUIFX vs. NWHVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Fund (MUIFX) and Nationwide Geneva Mid Cap Growth Fund (NWHVX). 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.
| MUIFX | NWHVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.92 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.49 | +1.65 |
| Martin ratioReturn relative to average drawdown | 4.66 | -1.02 | +5.68 |
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Drawdowns
MUIFX vs. NWHVX - Drawdown Comparison
The maximum MUIFX drawdown since its inception was -58.31%, which is greater than NWHVX's maximum drawdown of -37.12%. Use the drawdown chart below to compare losses from any high point for MUIFX and NWHVX.
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Drawdown Indicators
| MUIFX | NWHVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.31% | -37.12% | -21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -17.02% | +6.75% |
Max Drawdown (3Y)Largest decline over 3 years | -18.71% | -19.80% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | -37.12% | +11.68% |
Max Drawdown (10Y)Largest decline over 10 years | -34.37% | -37.12% | +2.75% |
Current DrawdownCurrent decline from peak | -2.74% | -11.17% | +8.43% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -7.88% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 8.32% | -5.76% |
Volatility
MUIFX vs. NWHVX - Volatility Comparison
The current volatility for Nationwide Fund (MUIFX) is 3.79%, while Nationwide Geneva Mid Cap Growth Fund (NWHVX) has a volatility of 4.12%. This indicates that MUIFX experiences smaller price fluctuations and is considered to be less risky than NWHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUIFX | NWHVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 4.12% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 12.01% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 15.13% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 19.97% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 19.66% | -1.35% |
MUIFX vs. NWHVX - Expense Ratio Comparison
MUIFX has a 0.65% expense ratio, which is lower than NWHVX's 1.07% expense ratio.
Dividends
MUIFX vs. NWHVX - Dividend Comparison
MUIFX's dividend yield for the trailing twelve months is around 25.00%, more than NWHVX's 8.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUIFX Nationwide Fund | 25.00% | 26.23% | 11.10% | 3.28% | 4.19% | 14.53% | 3.15% | 2.94% | 27.39% | 9.55% | 4.40% | 3.85% |
NWHVX Nationwide Geneva Mid Cap Growth Fund | 8.11% | 7.96% | 11.93% | 16.14% | 36.45% | 34.64% | 6.16% | 18.85% | 38.53% | 11.37% | 8.97% | 13.54% |
Frequently Asked Questions
MUIFX and NWHVX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWHVX has higher volatility (4.12%) compared to MUIFX (3.79%). In terms of maximum drawdown, MUIFX dropped -58.31% vs NWHVX's -37.12%.
MUIFX currently has the higher Sharpe Ratio (0.93 vs -0.55), 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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