MXIIX vs. NWXHX
MXIIX (Touchstone Flexible Income Fund) and NWXHX (Nationwide Amundi Strategic Income Fund) are both Multisector Bonds funds. Over the past 10 years, MXIIX returned 3.39%/yr vs 6.72%/yr for NWXHX. At a 0.14 correlation, their price movements are largely independent. MXIIX charges 0.79%/yr vs 0.61%/yr for NWXHX.
Performance
MXIIX vs. NWXHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MXIIX achieves a 0.91% return, which is significantly lower than NWXHX's 2.57% return. Over the past 10 years, MXIIX has underperformed NWXHX with an annualized return of 3.39%, while NWXHX has yielded a comparatively higher 6.72% annualized return.
MXIIX
- 1D
- 0.00%
- 1M
- -0.47%
- 6M
- 0.62%
- YTD
- 0.91%
- 1Y
- 4.65%
- 3Y*
- 5.72%
- 5Y*
- 2.18%
- 10Y*
- 3.39%
NWXHX
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 2.27%
- YTD
- 2.57%
- 1Y
- 6.24%
- 3Y*
- 8.45%
- 5Y*
- 6.60%
- 10Y*
- 6.72%
MXIIX vs. NWXHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXIIX Touchstone Flexible Income Fund | 0.91% | 6.11% | 4.82% | 7.96% | -8.14% | 3.17% | 8.15% | 8.73% | -1.47% | 6.75% |
NWXHX Nationwide Amundi Strategic Income Fund | 2.57% | 7.36% | 9.76% | 9.39% | 3.56% | 4.86% | 3.48% | 10.18% | -0.11% | 11.16% |
Correlation
The correlation between MXIIX and NWXHX is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.14 |
The correlation between MXIIX and NWXHX shifts across timeframes, from 0.01 (1 year) to 0.17 (3 years), reflecting how their relationship changes across market environments.
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
MXIIX vs. NWXHX — Risk / Return Rank
MXIIX
NWXHX
MXIIX vs. NWXHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Flexible Income Fund (MXIIX) 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.
| MXIIX | NWXHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.11 | ||
| Sortino ratioReturn per unit of downside risk | -7.89 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 2.69 | -1.46 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 15.68 | -14.08 |
| Martin ratioReturn relative to average drawdown | 5.33 | 54.47 | -49.14 |
Loading charts...
Drawdowns
MXIIX vs. NWXHX - Drawdown Comparison
The maximum MXIIX drawdown since its inception was -37.45%, which is greater than NWXHX's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for MXIIX and NWXHX.
Loading charts...
Drawdown Indicators
| MXIIX | NWXHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.45% | -22.96% | -14.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -0.41% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -1.99% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -11.59% | -5.52% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | -15.21% | -22.96% | +7.75% |
Current DrawdownCurrent decline from peak | -0.92% | -0.10% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -1.04% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.12% | +0.68% |
Volatility
MXIIX vs. NWXHX - Volatility Comparison
Touchstone Flexible Income Fund (MXIIX) has a higher volatility of 0.80% compared to Nationwide Amundi Strategic Income Fund (NWXHX) at 0.35%. This indicates that MXIIX'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
| MXIIX | NWXHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 0.35% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 0.89% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 1.18% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.45% | 3.70% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 4.40% | +0.01% |
MXIIX vs. NWXHX - Expense Ratio Comparison
MXIIX has a 0.79% expense ratio, which is higher than NWXHX's 0.61% expense ratio.
Dividends
MXIIX vs. NWXHX - Dividend Comparison
MXIIX's dividend yield for the trailing twelve months is around 5.31%, more than NWXHX's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXIIX Touchstone Flexible Income Fund | 5.31% | 4.66% | 4.03% | 3.77% | 4.70% | 3.49% | 4.66% | 3.84% | 4.04% | 2.72% | 2.91% | 3.30% |
NWXHX Nationwide Amundi Strategic Income Fund | 5.17% | 5.19% | 5.09% | 4.57% | 16.34% | 4.20% | 4.92% | 3.94% | 4.59% | 8.67% | 7.55% | 0.00% |
Frequently Asked Questions
MXIIX and NWXHX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXIIX has higher volatility (0.80%) compared to NWXHX (0.35%). In terms of maximum drawdown, MXIIX dropped -37.45% vs NWXHX's -22.96%.
NWXHX currently has the higher Sharpe Ratio (5.41 vs 1.30), 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 MXIIX 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