NWCIX vs. BCOIX
NWCIX (Nationwide BNY Mellon Core Plus Bond ESG Fund) and BCOIX (Baird Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, NWCIX returned 2.19%/yr vs 2.41%/yr for BCOIX. Their correlation of 0.91 suggests significant overlap in exposure. NWCIX charges 0.46%/yr vs 0.30%/yr for BCOIX.
Performance
NWCIX vs. BCOIX - Performance Comparison
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Returns By Period
In the year-to-date period, NWCIX achieves a 0.83% return, which is significantly higher than BCOIX's 0.64% return. Over the past 10 years, NWCIX has underperformed BCOIX with an annualized return of 2.19%, while BCOIX has yielded a comparatively higher 2.41% annualized return.
NWCIX
- 1D
- 0.33%
- 1M
- 0.84%
- YTD
- 0.83%
- 6M
- 0.94%
- 1Y
- 5.20%
- 3Y*
- 4.86%
- 5Y*
- 0.32%
- 10Y*
- 2.19%
BCOIX
- 1D
- 0.20%
- 1M
- 0.97%
- YTD
- 0.64%
- 6M
- 0.87%
- 1Y
- 5.02%
- 3Y*
- 4.93%
- 5Y*
- 0.66%
- 10Y*
- 2.41%
NWCIX vs. BCOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWCIX Nationwide BNY Mellon Core Plus Bond ESG Fund | 0.83% | 9.64% | -0.35% | 6.92% | -13.87% | -0.44% | 8.64% | 9.77% | -0.98% | 3.93% |
BCOIX Baird Core Plus Bond Fund | 0.64% | 7.47% | 2.54% | 6.89% | -12.86% | -1.02% | 8.80% | 10.11% | -0.52% | 4.65% |
Correlation
The correlation between NWCIX and BCOIX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2013 | 0.91 |
The correlation between NWCIX and BCOIX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
NWCIX vs. BCOIX — Risk / Return Rank
NWCIX
BCOIX
NWCIX vs. BCOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide BNY Mellon Core Plus Bond ESG Fund (NWCIX) and Baird Core Plus Bond Fund (BCOIX). 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.
| NWCIX | BCOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.95 | +0.04 |
| Martin ratioReturn relative to average drawdown | 5.70 | 5.51 | +0.18 |
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Drawdowns
NWCIX vs. BCOIX - Drawdown Comparison
The maximum NWCIX drawdown since its inception was -18.98%, roughly equal to the maximum BCOIX drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for NWCIX and BCOIX.
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Drawdown Indicators
| NWCIX | BCOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.98% | -18.13% | -0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -2.58% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -5.61% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -18.13% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -18.98% | -18.13% | -0.85% |
Current DrawdownCurrent decline from peak | -1.00% | -1.05% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -2.18% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.91% | +0.03% |
Volatility
NWCIX vs. BCOIX - Volatility Comparison
Nationwide BNY Mellon Core Plus Bond ESG Fund (NWCIX) and Baird Core Plus Bond Fund (BCOIX) have volatilities of 1.11% and 1.09%, 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
| NWCIX | BCOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.09% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 2.72% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 3.64% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 5.65% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 4.68% | +0.17% |
NWCIX vs. BCOIX - Expense Ratio Comparison
NWCIX has a 0.46% expense ratio, which is higher than BCOIX's 0.30% expense ratio.
Dividends
NWCIX vs. BCOIX - Dividend Comparison
NWCIX's dividend yield for the trailing twelve months is around 5.17%, more than BCOIX's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCOIX Baird Core Plus Bond Fund | 4.34% | 4.21% | 4.13% | 3.58% | 3.10% | 2.96% | 3.51% | 2.96% | 3.13% | 2.83% | 3.01% | 2.84% |
NWCIX Nationwide BNY Mellon Core Plus Bond ESG Fund | 5.17% | 3.20% | 4.29% | 3.57% | 2.39% | 2.98% | 4.49% | 3.11% | 3.45% | 3.16% | 3.47% | 3.14% |
Frequently Asked Questions
With a correlation of 0.93, NWCIX and BCOIX 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.
NWCIX has higher volatility (1.11%) compared to BCOIX (1.09%). In terms of maximum drawdown, NWCIX dropped -18.98% vs BCOIX's -18.13%.
NWCIX currently has the higher Sharpe Ratio (1.51 vs 1.38), 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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