NWAUX vs. DREVX

Last updated Jun 24, 2026

NWAUX (Nationwide GQG US Quality Equity Fund) and DREVX (BNY Mellon Large Cap Securities Fund) are both mutual funds - NWAUX is a Large Cap Blend Equities fund managed by Nationwide, while DREVX is a Large Cap Growth Equities fund managed by BNY Mellon. Over the past 5 years, NWAUX returned 9.15%/yr vs 14.14%/yr for DREVX. A 0.66 correlation means they provide meaningful diversification when combined. NWAUX charges 0.74%/yr vs 0.70%/yr for DREVX.

Performance

NWAUX vs. DREVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide GQG US Quality Equity Fund (NWAUX) and BNY Mellon Large Cap Securities Fund (DREVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWAUX achieves a 2.66% return, which is significantly lower than DREVX's 7.10% return.

NWAUX

• 1D: 0.36%
• 1M: -5.28%
• YTD: 2.66%
• 6M: 2.81%
• 1Y: 0.44%
• 3Y*: 11.66%
• 5Y*: 9.15%
• 10Y*: —

DREVX

• 1D: -0.43%
• 1M: 1.32%
• YTD: 7.10%
• 6M: 6.07%
• 1Y: 21.74%
• 3Y*: 21.22%
• 5Y*: 14.14%
• 10Y*: 16.20%

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

NWAUX vs. DREVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NWAUX Nationwide GQG US Quality Equity Fund	2.66%	-4.92%	27.90%	18.30%	-3.23%	22.65%
DREVX BNY Mellon Large Cap Securities Fund	7.10%	16.70%	27.17%	31.07%	-17.94%	28.39%

Correlation

The correlation between NWAUX and DREVX is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021	0.66

The correlation between NWAUX and DREVX shifts across timeframes, from -0.14 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NWAUX vs. DREVX — Risk / Return Rank

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

NWAUX

NWAUX Risk / Return Rank: 4
NWAUX Sharpe Ratio Rank: 4
NWAUX Sortino Ratio Rank: 4
NWAUX Omega Ratio Rank: 3
NWAUX Calmar Ratio Rank: 4
NWAUX Martin Ratio Rank: 4

DREVX

DREVX Risk / Return Rank: 35
DREVX Sharpe Ratio Rank: 36
DREVX Sortino Ratio Rank: 33
DREVX Omega Ratio Rank: 33
DREVX Calmar Ratio Rank: 32
DREVX Martin Ratio Rank: 41

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.

NWAUX vs. DREVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide GQG US Quality Equity Fund (NWAUX) and BNY Mellon Large Cap Securities Fund (DREVX). 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.

	NWAUX	DREVX	Difference
Sharpe ratio: Return per unit of total volatility	0.14	1.61	-1.47
Sortino ratio: Return per unit of downside risk	0.28	2.22	-1.94
Omega ratio: Gain probability vs. loss probability	1.03	1.29	-0.25
Calmar ratio: Return relative to maximum drawdown	0.17	2.00	-1.83
Martin ratio: Return relative to average drawdown	0.45	8.27	-7.83

NWAUX vs. DREVX - Sharpe Ratio Comparison

The current NWAUX Sharpe Ratio is 0.14, which is lower than the DREVX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of NWAUX and DREVX, 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

NWAUX vs. DREVX - Drawdown Comparison

The maximum NWAUX drawdown since its inception was -21.07%, smaller than the maximum DREVX drawdown of -54.68%. Use the drawdown chart below to compare losses from any high point for NWAUX and DREVX.

Drawdown Indicators

	NWAUX	DREVX	Difference
Max Drawdown Largest peak-to-trough decline	-21.07%	-54.68%	+33.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-11.41%	+2.86%
Max Drawdown (3Y) Largest decline over 3 years	-19.31%	-22.52%	+3.21%
Max Drawdown (5Y) Largest decline over 5 years	-21.07%	-24.69%	+3.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.25%	—
Current Drawdown Current decline from peak	-13.00%	-0.81%	-12.19%
Average Drawdown Average peak-to-trough decline	-6.96%	-13.00%	+6.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	2.75%	+0.56%

Volatility

NWAUX vs. DREVX - Volatility Comparison

The current volatility for Nationwide GQG US Quality Equity Fund (NWAUX) is 3.62%, while BNY Mellon Large Cap Securities Fund (DREVX) has a volatility of 5.59%. This indicates that NWAUX experiences smaller price fluctuations and is considered to be less risky than DREVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWAUX	DREVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	5.59%	-1.97%
Volatility (6M) Calculated over the trailing 6-month period	7.96%	11.14%	-3.18%
Volatility (1Y) Calculated over the trailing 1-year period	10.43%	14.20%	-3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	18.80%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.91%	19.01%	-3.10%

NWAUX vs. DREVX - Expense Ratio Comparison

NWAUX has a 0.74% expense ratio, which is higher than DREVX's 0.70% expense ratio.

Dividends

NWAUX vs. DREVX - Dividend Comparison

NWAUX's dividend yield for the trailing twelve months is around 5.07%, less than DREVX's 9.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DREVX BNY Mellon Large Cap Securities Fund	9.87%	12.89%	8.77%	5.12%	4.82%	11.43%	6.28%	6.74%	9.01%	9.11%	8.71%	11.24%
NWAUX Nationwide GQG US Quality Equity Fund	5.07%	4.35%	13.58%	0.40%	1.93%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NWAUX and DREVX in my portfolio?

NWAUX and DREVX have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWAUX or DREVX?

DREVX has higher volatility (5.59%) compared to NWAUX (3.62%). In terms of maximum drawdown, NWAUX dropped -21.07% vs DREVX's -54.68%.

Which has better risk-adjusted returns?

DREVX currently has the higher Sharpe Ratio (1.61 vs 0.14), 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.