NWESX vs. NWXHX
NWESX (Nationwide Destination Retirement Fund) and NWXHX (Nationwide Amundi Strategic Income Fund) are both mutual funds - NWESX is a Target Retirement Date fund managed by Nationwide, while NWXHX is a Multisector Bonds fund managed by Nationwide. Over the past 10 years, NWESX returned 5.52%/yr vs 6.81%/yr for NWXHX. At a 0.11 correlation, their price movements are largely independent. NWESX charges 0.38%/yr vs 0.61%/yr for NWXHX.
Performance
NWESX vs. NWXHX - Performance Comparison
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Returns By Period
In the year-to-date period, NWESX achieves a 5.12% return, which is significantly higher than NWXHX's 2.37% return. Over the past 10 years, NWESX has underperformed NWXHX with an annualized return of 5.52%, while NWXHX has yielded a comparatively higher 6.81% annualized return.
NWESX
- 1D
- 0.64%
- 1M
- 1.15%
- YTD
- 5.12%
- 6M
- 5.25%
- 1Y
- 13.76%
- 3Y*
- 9.61%
- 5Y*
- 4.39%
- 10Y*
- 5.52%
NWXHX
- 1D
- 0.10%
- 1M
- 0.47%
- YTD
- 2.37%
- 6M
- 2.57%
- 1Y
- 6.66%
- 3Y*
- 8.45%
- 5Y*
- 6.60%
- 10Y*
- 6.81%
NWESX vs. NWXHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWESX Nationwide Destination Retirement Fund | 5.12% | 12.66% | 6.15% | 11.26% | -14.14% | 6.52% | 10.59% | 12.62% | -4.88% | 10.06% |
NWXHX Nationwide Amundi Strategic Income Fund | 2.37% | 7.36% | 9.76% | 9.39% | 3.56% | 4.86% | 3.48% | 10.18% | -0.11% | 11.16% |
Correlation
The correlation between NWESX and NWXHX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.11 |
The correlation between NWESX and NWXHX shifts across timeframes, from 0.09 (10 years) to 0.22 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
NWESX vs. NWXHX — Risk / Return Rank
NWESX
NWXHX
NWESX vs. NWXHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination Retirement Fund (NWESX) and Nationwide Amundi Strategic Income Fund (NWXHX). 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.
| NWESX | NWXHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.52 | ||
| Sortino ratioReturn per unit of downside risk | -7.16 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 2.78 | -1.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 16.47 | -13.80 |
| Martin ratioReturn relative to average drawdown | 11.93 | 58.15 | -46.23 |
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Drawdowns
NWESX vs. NWXHX - Drawdown Comparison
The maximum NWESX drawdown since its inception was -39.22%, which is greater than NWXHX's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for NWESX and NWXHX.
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Drawdown Indicators
| NWESX | NWXHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.22% | -22.96% | -16.26% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -0.41% | -4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -6.44% | -1.99% | -4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -25.05% | -5.52% | -19.53% |
Max Drawdown (10Y)Largest decline over 10 years | -25.05% | -22.96% | -2.09% |
Current DrawdownCurrent decline from peak | -0.13% | -0.12% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -1.04% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.11% | +1.03% |
Volatility
NWESX vs. NWXHX - Volatility Comparison
Nationwide Destination Retirement Fund (NWESX) has a higher volatility of 2.59% compared to Nationwide Amundi Strategic Income Fund (NWXHX) at 0.47%. This indicates that NWESX's price experiences larger fluctuations and is considered to be riskier than NWXHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWESX | NWXHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 0.47% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.44% | 0.89% | +4.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 1.19% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 3.70% | +5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.16% | 4.42% | +3.74% |
NWESX vs. NWXHX - Expense Ratio Comparison
NWESX has a 0.38% expense ratio, which is lower than NWXHX's 0.61% expense ratio.
Dividends
NWESX vs. NWXHX - Dividend Comparison
NWESX's dividend yield for the trailing twelve months is around 3.35%, less than NWXHX's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWESX Nationwide Destination Retirement Fund | 3.35% | 3.78% | 10.53% | 5.51% | 4.69% | 10.16% | 4.26% | 4.93% | 7.59% | 5.04% | 6.11% | 8.26% |
NWXHX Nationwide Amundi Strategic Income Fund | 5.18% | 5.19% | 5.09% | 4.57% | 16.34% | 4.20% | 4.92% | 3.94% | 4.59% | 8.67% | 7.55% | 0.00% |
Frequently Asked Questions
NWESX and NWXHX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWESX has higher volatility (2.59%) compared to NWXHX (0.47%). In terms of maximum drawdown, NWESX dropped -39.22% vs NWXHX's -22.96%.
NWXHX currently has the higher Sharpe Ratio (5.65 vs 2.13), 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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