NWAUX vs. SOAVX

Last updated Jun 4, 2026

NWAUX (Nationwide GQG US Quality Equity Fund) and SOAVX (Spirit of America Large Cap Value Fund) are both Large Cap Blend Equities funds. Over the past 5 years, NWAUX returned 10.59%/yr vs 16.53%/yr for SOAVX. A 0.68 correlation means they provide meaningful diversification when combined. NWAUX charges 0.74%/yr vs 1.50%/yr for SOAVX.

Performance

NWAUX vs. SOAVX - Performance Comparison

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

Returns By Period

In the year-to-date period, NWAUX achieves a 7.43% return, which is significantly lower than SOAVX's 15.10% return.

NWAUX

• 1D: -0.41%
• 1M: -0.74%
• YTD: 7.43%
• 6M: 8.06%
• 1Y: 5.58%
• 3Y*: 13.35%
• 5Y*: 10.59%
• 10Y*: —

SOAVX

• 1D: 0.49%
• 1M: 5.88%
• YTD: 15.10%
• 6M: 14.25%
• 1Y: 32.85%
• 3Y*: 26.52%
• 5Y*: 16.53%
• 10Y*: 15.66%

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

NWAUX vs. SOAVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NWAUX Nationwide GQG US Quality Equity Fund	7.43%	-4.92%	27.90%	18.30%	-3.23%	22.65%
SOAVX Spirit of America Large Cap Value Fund	15.10%	17.76%	33.24%	25.72%	-17.65%	25.66%

Correlation

The correlation between NWAUX and SOAVX is -0.12, 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	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021	0.68

The correlation between NWAUX and SOAVX shifts across timeframes, from -0.12 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NWAUX vs. SOAVX — Risk / Return Rank

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

NWAUX

NWAUX Risk / Return Rank: 6
NWAUX Sharpe Ratio Rank: 6
NWAUX Sortino Ratio Rank: 6
NWAUX Omega Ratio Rank: 6
NWAUX Calmar Ratio Rank: 8
NWAUX Martin Ratio Rank: 6

SOAVX

SOAVX Risk / Return Rank: 74
SOAVX Sharpe Ratio Rank: 75
SOAVX Sortino Ratio Rank: 66
SOAVX Omega Ratio Rank: 63
SOAVX Calmar Ratio Rank: 84
SOAVX Martin Ratio Rank: 81

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. SOAVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide GQG US Quality Equity Fund (NWAUX) and Spirit of America Large Cap Value Fund (SOAVX). 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.

	NWAUX	SOAVX	Difference
Sharpe ratio: Return per unit of total volatility	0.52	2.52	-2.00
Sortino ratio: Return per unit of downside risk	0.82	3.39	-2.57
Omega ratio: Gain probability vs. loss probability	1.09	1.44	-0.35
Calmar ratio: Return relative to maximum drawdown	0.78	3.94	-3.16
Martin ratio: Return relative to average drawdown	1.73	15.16	-13.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWAUX vs. SOAVX - Sharpe Ratio Comparison

The current NWAUX Sharpe Ratio is 0.52, which is lower than the SOAVX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of NWAUX and SOAVX, 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

	NWAUX	SOAVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	2.52	-2.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.94	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.59	+0.19

Drawdowns

NWAUX vs. SOAVX - Drawdown Comparison

The maximum NWAUX drawdown since its inception was -21.07%, smaller than the maximum SOAVX drawdown of -47.48%. Use the drawdown chart below to compare losses from any high point for NWAUX and SOAVX.

Drawdown Indicators

	NWAUX	SOAVX	Difference
Max Drawdown Largest peak-to-trough decline	-21.07%	-47.48%	+26.41%
Max Drawdown (1Y) Largest decline over 1 year	-6.70%	-8.63%	+1.93%
Max Drawdown (3Y) Largest decline over 3 years	-19.31%	-20.96%	+1.65%
Max Drawdown (5Y) Largest decline over 5 years	-21.07%	-25.31%	+4.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.22%	—
Current Drawdown Current decline from peak	-8.95%	0.00%	-8.95%
Average Drawdown Average peak-to-trough decline	-6.93%	-6.23%	-0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.24%	+0.78%

Volatility

NWAUX vs. SOAVX - Volatility Comparison

Nationwide GQG US Quality Equity Fund (NWAUX) and Spirit of America Large Cap Value Fund (SOAVX) have volatilities of 3.47% and 3.57%, 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

	NWAUX	SOAVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	3.57%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	7.67%	10.28%	-2.61%
Volatility (1Y) Calculated over the trailing 1-year period	10.04%	13.50%	-3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.09%	17.62%	-1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.93%	18.42%	-2.49%

NWAUX vs. SOAVX - Expense Ratio Comparison

NWAUX has a 0.74% expense ratio, which is lower than SOAVX's 1.50% expense ratio.

Dividends

NWAUX vs. SOAVX - Dividend Comparison

NWAUX's dividend yield for the trailing twelve months is around 4.79%, less than SOAVX's 8.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWAUX Nationwide GQG US Quality Equity Fund	4.79%	4.35%	13.58%	0.40%	1.93%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOAVX Spirit of America Large Cap Value Fund	8.07%	9.29%	6.42%	5.31%	9.80%	6.68%	5.72%	6.21%	7.56%	5.56%	6.31%	3.20%

Frequently Asked Questions

Can I hold both NWAUX and SOAVX in my portfolio?

NWAUX and SOAVX have a correlation of -0.12, 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 SOAVX?

SOAVX has higher volatility (3.57%) compared to NWAUX (3.47%). In terms of maximum drawdown, NWAUX dropped -21.07% vs SOAVX's -47.48%.

Which has better risk-adjusted returns?

SOAVX currently has the higher Sharpe Ratio (2.52 vs 0.52), 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.