NWCIX vs. NWHQX

Last updated Jun 23, 2026

NWCIX (Nationwide BNY Mellon Core Plus Bond ESG Fund) and NWHQX (Nationwide Bailard Technology and Science Fund) are both mutual funds - NWCIX is a Intermediate Core-Plus Bond fund managed by Nationwide, while NWHQX is a Technology Equities fund managed by Nationwide. Over the past 10 years, NWCIX returned 2.19%/yr vs 21.57%/yr for NWHQX. At a 0.01 correlation, their price movements are largely independent. NWCIX charges 0.46%/yr vs 0.92%/yr for NWHQX.

Performance

NWCIX vs. NWHQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide BNY Mellon Core Plus Bond ESG Fund (NWCIX) and Nationwide Bailard Technology and Science Fund (NWHQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWCIX achieves a 0.83% return, which is significantly lower than NWHQX's 22.33% return. Over the past 10 years, NWCIX has underperformed NWHQX with an annualized return of 2.19%, while NWHQX has yielded a comparatively higher 21.57% 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%

NWHQX

• 1D: 3.24%
• 1M: 6.66%
• YTD: 22.33%
• 6M: 21.33%
• 1Y: 38.91%
• 3Y*: 28.80%
• 5Y*: 15.39%
• 10Y*: 21.57%

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

NWCIX vs. NWHQX - 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%
NWHQX Nationwide Bailard Technology and Science Fund	22.33%	18.58%	26.23%	63.66%	-37.23%	19.21%	50.97%	38.91%	-3.16%	38.22%

Correlation

The correlation between NWCIX and NWHQX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013	0.01

Over the past year, NWCIX and NWHQX have become more correlated (0.29) than their long-term average of 0.01, meaning their price movements have been converging.

Return for Risk

NWCIX vs. NWHQX — Risk / Return Rank

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

NWCIX

NWCIX Risk / Return Rank: 31
NWCIX Sharpe Ratio Rank: 32
NWCIX Sortino Ratio Rank: 34
NWCIX Omega Ratio Rank: 31
NWCIX Calmar Ratio Rank: 31
NWCIX Martin Ratio Rank: 25

NWHQX

NWHQX Risk / Return Rank: 29
NWHQX Sharpe Ratio Rank: 35
NWHQX Sortino Ratio Rank: 29
NWHQX Omega Ratio Rank: 32
NWHQX Calmar Ratio Rank: 26
NWHQX Martin Ratio Rank: 23

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.

NWCIX vs. NWHQX - 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 Nationwide Bailard Technology and Science Fund (NWHQX). 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	NWHQX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.60	-0.10
Sortino ratio: Return per unit of downside risk	2.25	2.11	+0.14
Omega ratio: Gain probability vs. loss probability	1.27	1.28	0.00
Calmar ratio: Return relative to maximum drawdown	1.99	1.77	+0.23
Martin ratio: Return relative to average drawdown	5.70	5.21	+0.49

NWCIX vs. NWHQX - Sharpe Ratio Comparison

The current NWCIX Sharpe Ratio is 1.51, which is comparable to the NWHQX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of NWCIX and NWHQX, 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

NWCIX vs. NWHQX - Drawdown Comparison

The maximum NWCIX drawdown since its inception was -18.98%, smaller than the maximum NWHQX drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for NWCIX and NWHQX.

Drawdown Indicators

	NWCIX	NWHQX	Difference
Max Drawdown Largest peak-to-trough decline	-18.98%	-42.61%	+23.63%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	-21.34%	+18.66%
Max Drawdown (3Y) Largest decline over 3 years	-7.34%	-26.48%	+19.14%
Max Drawdown (5Y) Largest decline over 5 years	-18.98%	-42.61%	+23.63%
Max Drawdown (10Y) Largest decline over 10 years	-18.98%	-42.61%	+23.63%
Current Drawdown Current decline from peak	-1.00%	-2.16%	+1.16%
Average Drawdown Average peak-to-trough decline	-3.38%	-7.10%	+3.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	7.22%	-6.28%

Volatility

NWCIX vs. NWHQX - Volatility Comparison

The current volatility for Nationwide BNY Mellon Core Plus Bond ESG Fund (NWCIX) is 1.11%, while Nationwide Bailard Technology and Science Fund (NWHQX) has a volatility of 11.33%. This indicates that NWCIX experiences smaller price fluctuations and is considered to be less risky than NWHQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWCIX	NWHQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	11.33%	-10.22%
Volatility (6M) Calculated over the trailing 6-month period	2.63%	19.46%	-16.83%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	23.50%	-19.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.98%	26.71%	-20.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.85%	25.40%	-20.55%

NWCIX vs. NWHQX - Expense Ratio Comparison

NWCIX has a 0.46% expense ratio, which is lower than NWHQX's 0.92% expense ratio.

Dividends

NWCIX vs. NWHQX - Dividend Comparison

NWCIX's dividend yield for the trailing twelve months is around 5.17%, less than NWHQX's 9.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NWHQX Nationwide Bailard Technology and Science Fund	9.57%	11.71%	12.90%	6.49%	11.34%	17.51%	11.54%	7.38%	17.44%	10.29%	7.72%	8.63%

Frequently Asked Questions

Can I hold both NWCIX and NWHQX in my portfolio?

NWCIX and NWHQX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWCIX or NWHQX?

NWHQX has higher volatility (11.33%) compared to NWCIX (1.11%). In terms of maximum drawdown, NWCIX dropped -18.98% vs NWHQX's -42.61%.

Which has better risk-adjusted returns?

NWHQX currently has the higher Sharpe Ratio (1.60 vs 1.51), 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.