NADCX vs. FFVFX

Last updated Jun 3, 2026

NADCX (Nationwide Investor Destinations Moderately Conservative Fund) and FFVFX (Fidelity Freedom 2015 Fund) are both mutual funds - NADCX is a Diversified Portfolio fund managed by Nationwide, while FFVFX is a Target Retirement Date fund managed by Fidelity. Over the past 10 years, NADCX returned 5.38%/yr vs 6.62%/yr for FFVFX. Their correlation of 0.93 suggests significant overlap in exposure. NADCX charges 0.50%/yr vs 0.54%/yr for FFVFX.

Performance

NADCX vs. FFVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Investor Destinations Moderately Conservative Fund (NADCX) and Fidelity Freedom 2015 Fund (FFVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with NADCX having a 5.66% return and FFVFX slightly higher at 5.85%. Over the past 10 years, NADCX has underperformed FFVFX with an annualized return of 5.38%, while FFVFX has yielded a comparatively higher 6.62% annualized return.

NADCX

• 1D: 0.10%
• 1M: 1.96%
• YTD: 5.66%
• 6M: 6.29%
• 1Y: 14.61%
• 3Y*: 10.04%
• 5Y*: 4.37%
• 10Y*: 5.38%

FFVFX

• 1D: 0.08%
• 1M: 1.66%
• YTD: 5.85%
• 6M: 6.71%
• 1Y: 14.63%
• 3Y*: 10.36%
• 5Y*: 4.26%
• 10Y*: 6.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NADCX vs. FFVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NADCX Nationwide Investor Destinations Moderately Conservative Fund	5.66%	10.98%	6.76%	11.80%	-14.20%	7.63%	9.77%	12.53%	-4.34%	8.37%
FFVFX Fidelity Freedom 2015 Fund	5.85%	13.19%	6.20%	11.38%	-14.63%	7.31%	12.46%	16.28%	-4.56%	12.99%

Correlation

The correlation between NADCX and FFVFX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 9, 2003	0.93

The correlation between NADCX and FFVFX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

NADCX vs. FFVFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NADCX

NADCX Risk / Return Rank: 62
NADCX Sharpe Ratio Rank: 61
NADCX Sortino Ratio Rank: 65
NADCX Omega Ratio Rank: 65
NADCX Calmar Ratio Rank: 54
NADCX Martin Ratio Rank: 64

FFVFX

FFVFX Risk / Return Rank: 73
FFVFX Sharpe Ratio Rank: 74
FFVFX Sortino Ratio Rank: 75
FFVFX Omega Ratio Rank: 77
FFVFX Calmar Ratio Rank: 66
FFVFX Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NADCX vs. FFVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Investor Destinations Moderately Conservative Fund (NADCX) and Fidelity Freedom 2015 Fund (FFVFX). 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.

	NADCX	FFVFX	Difference
Sharpe ratio Return per unit of total volatility	2.30	2.49	-0.19
Sortino ratio Return per unit of downside risk	3.38	3.62	-0.25
Omega ratio Gain probability vs. loss probability	1.45	1.51	-0.06
Calmar ratio Return relative to maximum drawdown	2.83	3.16	-0.33
Martin ratio Return relative to average drawdown	12.63	13.87	-1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NADCX vs. FFVFX - Sharpe Ratio Comparison

The current NADCX Sharpe Ratio is 2.30, which is comparable to the FFVFX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of NADCX and FFVFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NADCX	FFVFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.49	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.57	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.87	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.59	0.00

Drawdowns

NADCX vs. FFVFX - Drawdown Comparison

The maximum NADCX drawdown since its inception was -24.64%, smaller than the maximum FFVFX drawdown of -39.04%. Use the drawdown chart below to compare losses from any high point for NADCX and FFVFX.

Drawdown Indicators

	NADCX	FFVFX	Difference
Max Drawdown Largest peak-to-trough decline	-24.64%	-39.04%	+14.40%
Max Drawdown (1Y) Largest decline over 1 year	-5.21%	-4.69%	-0.52%
Max Drawdown (3Y) Largest decline over 3 years	-6.93%	-6.75%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	-20.23%	-20.44%	+0.21%
Max Drawdown (10Y) Largest decline over 10 years	-20.23%	-20.44%	+0.21%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.35%	-4.31%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	1.07%	+0.10%

Volatility

NADCX vs. FFVFX - Volatility Comparison

Nationwide Investor Destinations Moderately Conservative Fund (NADCX) and Fidelity Freedom 2015 Fund (FFVFX) have volatilities of 2.24% and 2.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NADCX	FFVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	2.31%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	5.34%	4.99%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	6.39%	5.94%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.95%	7.58%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.88%	7.66%	+0.22%

NADCX vs. FFVFX - Expense Ratio Comparison

NADCX has a 0.50% expense ratio, which is lower than FFVFX's 0.54% expense ratio.

Dividends

NADCX vs. FFVFX - Dividend Comparison

NADCX's dividend yield for the trailing twelve months is around 4.54%, less than FFVFX's 6.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFVFX Fidelity Freedom 2015 Fund	6.44%	6.48%	3.94%	2.61%	8.38%	10.74%	6.83%	6.70%	7.96%	3.71%	3.72%	5.55%
NADCX Nationwide Investor Destinations Moderately Conservative Fund	4.54%	4.76%	9.54%	4.85%	2.89%	3.22%	4.17%	3.27%	8.13%	4.95%	4.58%	4.39%

Frequently Asked Questions

Can I hold both NADCX and FFVFX in my portfolio?

With a correlation of 0.96, NADCX and FFVFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NADCX or FFVFX?

FFVFX has higher volatility (2.31%) compared to NADCX (2.24%). In terms of maximum drawdown, NADCX dropped -24.64% vs FFVFX's -39.04%.

Which has better risk-adjusted returns?

FFVFX currently has the higher Sharpe Ratio (2.49 vs 2.30), 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.