NWAQX vs. NWXHX

Last updated Jul 4, 2026

NWAQX (Nationwide Destination 2065 Fund) and NWXHX (Nationwide Amundi Strategic Income Fund) are both mutual funds - NWAQX is a Target Retirement Date fund managed by Nationwide, while NWXHX is a Multisector Bonds fund managed by Nationwide. Over the past 5 years, NWAQX returned 8.50%/yr vs 6.60%/yr for NWXHX. At a 0.04 correlation, their price movements are largely independent. NWAQX charges 0.60%/yr vs 0.61%/yr for NWXHX.

Performance

NWAQX vs. NWXHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Destination 2065 Fund (NWAQX) and Nationwide Amundi Strategic Income Fund (NWXHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWAQX achieves a 10.56% return, which is significantly higher than NWXHX's 2.57% return.

NWAQX

• 1D: 0.26%
• 1M: -0.12%
• 6M: 9.85%
• YTD: 10.56%
• 1Y: 20.09%
• 3Y*: 16.82%
• 5Y*: 8.50%
• 10Y*: —

NWXHX

• 1D: 0.10%
• 1M: 0.37%
• 6M: 2.47%
• YTD: 2.57%
• 1Y: 6.45%
• 3Y*: 8.48%
• 5Y*: 6.60%
• 10Y*: 6.81%

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

NWAQX vs. NWXHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NWAQX Nationwide Destination 2065 Fund	10.56%	19.12%	12.92%	20.25%	-19.01%	17.34%	24.26%
NWXHX Nationwide Amundi Strategic Income Fund	2.57%	7.36%	9.76%	9.39%	3.56%	4.86%	3.51%

Correlation

The correlation between NWAQX and NWXHX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020	0.04

The correlation between NWAQX and NWXHX shifts across timeframes, from 0.04 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NWAQX vs. NWXHX — Risk / Return Rank

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

NWAQX

NWAQX Risk / Return Rank: 55
NWAQX Sharpe Ratio Rank: 53
NWAQX Sortino Ratio Rank: 53
NWAQX Omega Ratio Rank: 50
NWAQX Calmar Ratio Rank: 55
NWAQX Martin Ratio Rank: 66

NWXHX

NWXHX Risk / Return Rank: 99
NWXHX Sharpe Ratio Rank: 100
NWXHX Sortino Ratio Rank: 99
NWXHX Omega Ratio Rank: 99
NWXHX Calmar Ratio Rank: 99
NWXHX Martin Ratio Rank: 99

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.

NWAQX vs. NWXHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2065 Fund (NWAQX) 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.

	NWAQX	NWXHX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	5.61	-3.98
Sortino ratio: Return per unit of downside risk	2.32	10.27	-7.94
Omega ratio: Gain probability vs. loss probability	1.30	2.80	-1.50
Calmar ratio: Return relative to maximum drawdown	2.31	16.20	-13.90
Martin ratio: Return relative to average drawdown	9.93	56.53	-46.60

NWAQX vs. NWXHX - Sharpe Ratio Comparison

The current NWAQX Sharpe Ratio is 1.64, which is lower than the NWXHX Sharpe Ratio of 5.61. The chart below compares the historical Sharpe Ratios of NWAQX and NWXHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NWAQX vs. NWXHX - Drawdown Comparison

The maximum NWAQX drawdown since its inception was -29.29%, which is greater than NWXHX's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for NWAQX and NWXHX.

Drawdown Indicators

	NWAQX	NWXHX	Difference
Max Drawdown Largest peak-to-trough decline	-29.29%	-22.96%	-6.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.98%	-0.41%	-8.57%
Max Drawdown (3Y) Largest decline over 3 years	-15.18%	-1.99%	-13.19%
Max Drawdown (5Y) Largest decline over 5 years	-26.97%	-5.52%	-21.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.96%	—
Current Drawdown Current decline from peak	-1.14%	0.00%	-1.14%
Average Drawdown Average peak-to-trough decline	-6.22%	-1.04%	-5.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	0.12%	+1.96%

Volatility

NWAQX vs. NWXHX - Volatility Comparison

Nationwide Destination 2065 Fund (NWAQX) has a higher volatility of 5.26% compared to Nationwide Amundi Strategic Income Fund (NWXHX) at 0.39%. This indicates that NWAQX'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.

Volatility by Period

	NWAQX	NWXHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	0.39%	+4.87%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	0.89%	+9.72%
Volatility (1Y) Calculated over the trailing 1-year period	12.65%	1.17%	+11.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.36%	3.70%	+11.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.68%	4.40%	+14.28%

NWAQX vs. NWXHX - Expense Ratio Comparison

NWAQX has a 0.60% expense ratio, which is lower than NWXHX's 0.61% expense ratio.

Dividends

NWAQX vs. NWXHX - Dividend Comparison

NWAQX's dividend yield for the trailing twelve months is around 5.97%, more than NWXHX's 5.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NWAQX Nationwide Destination 2065 Fund	5.97%	6.54%	9.49%	2.23%	1.38%	5.43%	6.71%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both NWAQX and NWXHX in my portfolio?

NWAQX and NWXHX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWAQX or NWXHX?

NWAQX has higher volatility (5.26%) compared to NWXHX (0.39%). In terms of maximum drawdown, NWAQX dropped -29.29% vs NWXHX's -22.96%.

Which has better risk-adjusted returns?

NWXHX currently has the higher Sharpe Ratio (5.61 vs 1.64), 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.