NWCIX vs. NWXEX
NWCIX (Nationwide BNY Mellon Core Plus Bond ESG Fund) and NWXEX (Nationwide Strategic Income A) are both mutual funds - NWCIX is a Intermediate Core-Plus Bond fund managed by Nationwide, while NWXEX is a Multisector Bonds fund actively managed by Nationwide. Over the past 10 years, NWCIX returned 2.19%/yr vs 6.53%/yr for NWXEX. At a 0.03 correlation, their price movements are largely independent. NWCIX charges 0.46%/yr vs 0.99%/yr for NWXEX.
Performance
NWCIX vs. NWXEX - Performance Comparison
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Returns By Period
In the year-to-date period, NWCIX achieves a 0.83% return, which is significantly lower than NWXEX's 2.33% return. Over the past 10 years, NWCIX has underperformed NWXEX with an annualized return of 2.19%, while NWXEX has yielded a comparatively higher 6.53% 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%
NWXEX
- 1D
- 0.10%
- 1M
- 0.45%
- YTD
- 2.33%
- 6M
- 2.43%
- 1Y
- 6.47%
- 3Y*
- 8.11%
- 5Y*
- 6.31%
- 10Y*
- 6.53%
NWCIX vs. NWXEX - 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% |
NWXEX Nationwide Strategic Income A | 2.33% | 6.97% | 9.36% | 9.00% | 3.50% | 4.64% | 3.24% | 9.84% | -0.39% | 10.86% |
Correlation
The correlation between NWCIX and NWXEX is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2015 | 0.03 |
The correlation between NWCIX and NWXEX shifts across timeframes, from -0.10 (1 year) to 0.23 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
NWCIX vs. NWXEX — Risk / Return Rank
NWCIX
NWXEX
NWCIX vs. NWXEX - 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 Strategic Income A (NWXEX). 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 | NWXEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.84 | ||
| Sortino ratioReturn per unit of downside risk | -6.98 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 2.68 | -1.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 15.06 | -13.07 |
| Martin ratioReturn relative to average drawdown | 5.70 | 60.83 | -55.14 |
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Drawdowns
NWCIX vs. NWXEX - Drawdown Comparison
The maximum NWCIX drawdown since its inception was -18.98%, smaller than the maximum NWXEX drawdown of -22.97%. Use the drawdown chart below to compare losses from any high point for NWCIX and NWXEX.
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Drawdown Indicators
| NWCIX | NWXEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.98% | -22.97% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -0.43% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -1.89% | -5.45% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -5.60% | -13.38% |
Max Drawdown (10Y)Largest decline over 10 years | -18.98% | -22.97% | +3.99% |
Current DrawdownCurrent decline from peak | -1.00% | -0.04% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -1.09% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.11% | +0.83% |
Volatility
NWCIX vs. NWXEX - Volatility Comparison
Nationwide BNY Mellon Core Plus Bond ESG Fund (NWCIX) has a higher volatility of 1.11% compared to Nationwide Strategic Income A (NWXEX) at 0.38%. This indicates that NWCIX's price experiences larger fluctuations and is considered to be riskier than NWXEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWCIX | NWXEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.38% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 0.93% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 1.22% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 3.66% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 4.41% | +0.44% |
NWCIX vs. NWXEX - Expense Ratio Comparison
NWCIX has a 0.46% expense ratio, which is lower than NWXEX's 0.99% expense ratio.
Dividends
NWCIX vs. NWXEX - Dividend Comparison
NWCIX's dividend yield for the trailing twelve months is around 5.17%, more than NWXEX's 4.89% 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% |
NWXEX Nationwide Strategic Income A | 4.89% | 4.93% | 4.73% | 4.33% | 16.14% | 3.99% | 4.70% | 3.63% | 4.30% | 8.40% | 7.21% | 0.43% |
Frequently Asked Questions
NWCIX and NWXEX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWCIX has higher volatility (1.11%) compared to NWXEX (0.38%). In terms of maximum drawdown, NWCIX dropped -18.98% vs NWXEX's -22.97%.
NWXEX currently has the higher Sharpe Ratio (5.34 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.
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