NIFAX vs. NWHVX
NIFAX (Nationwide Inflation-Protected Securities Fund) and NWHVX (Nationwide Geneva Mid Cap Growth Fund) are both mutual funds - NIFAX is a Inflation-Protected Bonds fund managed by Nationwide, while NWHVX is a Mid Cap Growth Equities fund managed by Nationwide. Over the past 10 years, NIFAX returned 2.28%/yr vs 8.80%/yr for NWHVX. Their 0.00 correlation means their historical movements had little consistent relationship. NIFAX charges 0.72%/yr vs 1.07%/yr for NWHVX.
Performance
NIFAX vs. NWHVX - Performance Comparison
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Returns By Period
In the year-to-date period, NIFAX achieves a 0.12% return, which is significantly higher than NWHVX's -1.87% return. Over the past 10 years, NIFAX has underperformed NWHVX with an annualized return of 2.28%, while NWHVX has yielded a comparatively higher 8.80% annualized return.
NIFAX
- 1D
- 0.00%
- 1M
- -0.68%
- 6M
- -0.22%
- YTD
- 0.12%
- 1Y
- 1.26%
- 3Y*
- 3.16%
- 5Y*
- -0.21%
- 10Y*
- 2.28%
- ALL TIME*
- 1.59%
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) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NIFAX vs. NWHVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NIFAX Nationwide Inflation-Protected Securities Fund | 0.12% | 6.32% | 1.45% | 3.61% | -12.59% | 4.69% | 10.66% | 12.06% | -1.87% | 2.60% |
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 NIFAX and NWHVX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013 | 0.00 |
Over the past year, NIFAX and NWHVX have become more correlated (0.26) than their long-term average of 0.00, meaning their price movements have been converging.
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Return for Risk
NIFAX vs. NWHVX — Risk / Return Rank
NIFAX
NWHVX
NIFAX vs. NWHVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Inflation-Protected Securities Fund (NIFAX) 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.
| NIFAX | NWHVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.92 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | -0.49 | +1.42 |
| Martin ratioReturn relative to average drawdown | 2.40 | -1.02 | +3.43 |
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Drawdowns
NIFAX vs. NWHVX - Drawdown Comparison
The maximum NIFAX drawdown since its inception was -15.19%, smaller than the maximum NWHVX drawdown of -37.12%. Use the drawdown chart below to compare losses from any high point for NIFAX and NWHVX.
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Drawdown Indicators
| NIFAX | NWHVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.19% | -37.12% | +21.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -17.02% | +15.04% |
Max Drawdown (3Y)Largest decline over 3 years | -3.85% | -19.80% | +15.95% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -37.12% | +21.93% |
Max Drawdown (10Y)Largest decline over 10 years | -15.19% | -37.12% | +21.93% |
Current DrawdownCurrent decline from peak | -2.88% | -11.17% | +8.29% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -7.88% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 8.32% | -7.56% |
Volatility
NIFAX vs. NWHVX - Volatility Comparison
The current volatility for Nationwide Inflation-Protected Securities Fund (NIFAX) is 0.71%, while Nationwide Geneva Mid Cap Growth Fund (NWHVX) has a volatility of 4.12%. This indicates that NIFAX 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
| NIFAX | NWHVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 4.12% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 12.01% | -9.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 15.13% | -12.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 19.97% | -14.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 19.66% | -14.29% |
NIFAX vs. NWHVX - Expense Ratio Comparison
NIFAX has a 0.72% expense ratio, which is lower than NWHVX's 1.07% expense ratio.
Dividends
NIFAX vs. NWHVX - Dividend Comparison
NIFAX's dividend yield for the trailing twelve months is around 4.41%, less than NWHVX's 8.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NIFAX Nationwide Inflation-Protected Securities Fund | 4.41% | 3.99% | 3.17% | 3.90% | 6.60% | 5.29% | 0.94% | 4.94% | 1.79% | 1.65% | 0.00% | 0.00% |
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
NIFAX and NWHVX have a correlation of 0.26, 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 NIFAX (0.71%). In terms of maximum drawdown, NIFAX dropped -15.19% vs NWHVX's -37.12%.
NIFAX currently has the higher Sharpe Ratio (0.60 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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