NWAUX vs. GQEPX
NWAUX (Nationwide GQG US Quality Equity Fund) and GQEPX (GQG Partners US Select Quality Equity Fund Investor Shares) are both mutual funds - NWAUX is a Large Cap Blend Equities fund managed by Nationwide, while GQEPX is a Large Cap Growth Equities fund managed by GQG Partners Inc. Over the past 5 years, NWAUX returned 9.15%/yr vs 9.23%/yr for GQEPX. With a 0.99 correlation, they move nearly in lockstep. NWAUX charges 0.74%/yr vs 0.59%/yr for GQEPX.
Performance
NWAUX vs. GQEPX - Performance Comparison
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Returns By Period
In the year-to-date period, NWAUX achieves a 2.66% return, which is significantly lower than GQEPX's 2.80% return.
NWAUX
- 1D
- 0.36%
- 1M
- -5.28%
- YTD
- 2.66%
- 6M
- 2.81%
- 1Y
- 0.44%
- 3Y*
- 11.66%
- 5Y*
- 9.15%
- 10Y*
- —
GQEPX
- 1D
- 0.34%
- 1M
- -5.38%
- YTD
- 2.80%
- 6M
- 2.91%
- 1Y
- 0.89%
- 3Y*
- 12.05%
- 5Y*
- 9.23%
- 10Y*
- —
NWAUX vs. GQEPX - 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% |
GQEPX GQG Partners US Select Quality Equity Fund Investor Shares | 2.80% | -4.52% | 28.99% | 17.39% | -2.81% | 23.01% |
Correlation
The correlation between NWAUX and GQEPX is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.99 |
The correlation between NWAUX and GQEPX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
NWAUX vs. GQEPX — Risk / Return Rank
NWAUX
GQEPX
NWAUX vs. GQEPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide GQG US Quality Equity Fund (NWAUX) and GQG Partners US Select Quality Equity Fund Investor Shares (GQEPX). 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 | GQEPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.24 | -0.06 |
| Martin ratioReturn relative to average drawdown | 0.45 | 0.61 | -0.16 |
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Drawdowns
NWAUX vs. GQEPX - Drawdown Comparison
The maximum NWAUX drawdown since its inception was -21.07%, smaller than the maximum GQEPX drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for NWAUX and GQEPX.
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Drawdown Indicators
| NWAUX | GQEPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.07% | -28.45% | +7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.55% | -8.48% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.31% | -18.97% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -20.49% | -0.58% |
Current DrawdownCurrent decline from peak | -13.00% | -12.26% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -5.84% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.30% | +0.01% |
Volatility
NWAUX vs. GQEPX - Volatility Comparison
Nationwide GQG US Quality Equity Fund (NWAUX) and GQG Partners US Select Quality Equity Fund Investor Shares (GQEPX) have volatilities of 3.62% and 3.64%, 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.
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Volatility by Period
| NWAUX | GQEPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.64% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 7.96% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.43% | 10.42% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 15.90% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.91% | 18.69% | -2.78% |
NWAUX vs. GQEPX - Expense Ratio Comparison
NWAUX has a 0.74% expense ratio, which is higher than GQEPX's 0.59% expense ratio.
Dividends
NWAUX vs. GQEPX - Dividend Comparison
NWAUX's dividend yield for the trailing twelve months is around 5.07%, less than GQEPX's 6.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GQEPX GQG Partners US Select Quality Equity Fund Investor Shares | 6.79% | 6.98% | 5.30% | 0.44% | 4.46% | 1.49% | 0.61% | 0.63% | 0.09% |
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% |
Frequently Asked Questions
With a correlation of 1.00, NWAUX and GQEPX 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.
GQEPX has higher volatility (3.64%) compared to NWAUX (3.62%). In terms of maximum drawdown, NWAUX dropped -21.07% vs GQEPX's -28.45%.
GQEPX currently has the higher Sharpe Ratio (0.19 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.
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