NWGSX vs. JHFIX

Last updated Jun 4, 2026

NWGSX (Nationwide WCM Focused Small Cap Fund) and JHFIX (John Hancock Income Fund) are both mutual funds - NWGSX is a Small Cap Blend Equities fund managed by Nationwide, while JHFIX is a Multisector Bonds fund managed by John Hancock. Over the past 10 years, NWGSX returned 7.92%/yr vs 2.17%/yr for JHFIX. At a 0.29 correlation, their price movements are largely independent. NWGSX charges 0.89%/yr vs 0.80%/yr for JHFIX.

Performance

NWGSX vs. JHFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide WCM Focused Small Cap Fund (NWGSX) and John Hancock Income Fund (JHFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWGSX achieves a 5.18% return, which is significantly higher than JHFIX's 0.90% return. Over the past 10 years, NWGSX has outperformed JHFIX with an annualized return of 7.92%, while JHFIX has yielded a comparatively lower 2.17% annualized return.

NWGSX

• 1D: 1.04%
• 1M: 4.73%
• YTD: 5.18%
• 6M: 3.69%
• 1Y: 8.78%
• 3Y*: 4.90%
• 5Y*: 2.59%
• 10Y*: 7.92%

JHFIX

• 1D: 0.00%
• 1M: 0.35%
• YTD: 0.90%
• 6M: 1.09%
• 1Y: 5.37%
• 3Y*: 4.42%
• 5Y*: 0.75%
• 10Y*: 2.17%

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

NWGSX vs. JHFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWGSX Nationwide WCM Focused Small Cap Fund	5.18%	-5.72%	3.23%	26.14%	-14.72%	19.18%	1.19%	28.90%	-8.64%	13.95%
JHFIX John Hancock Income Fund	0.90%	6.83%	2.11%	6.14%	-10.83%	-0.45%	7.25%	10.34%	-2.99%	4.01%

Correlation

The correlation between NWGSX and JHFIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Sep 18, 2013	0.29

Return for Risk

NWGSX vs. JHFIX — Risk / Return Rank

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

NWGSX

NWGSX Risk / Return Rank: 7
NWGSX Sharpe Ratio Rank: 7
NWGSX Sortino Ratio Rank: 7
NWGSX Omega Ratio Rank: 6
NWGSX Calmar Ratio Rank: 7
NWGSX Martin Ratio Rank: 7

JHFIX

JHFIX Risk / Return Rank: 34
JHFIX Sharpe Ratio Rank: 36
JHFIX Sortino Ratio Rank: 41
JHFIX Omega Ratio Rank: 48
JHFIX Calmar Ratio Rank: 21
JHFIX Martin Ratio Rank: 22

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.

NWGSX vs. JHFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide WCM Focused Small Cap Fund (NWGSX) and John Hancock Income Fund (JHFIX). 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.

	NWGSX	JHFIX	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.75	-1.21
Sortino ratio: Return per unit of downside risk	0.94	2.67	-1.73
Omega ratio: Gain probability vs. loss probability	1.10	1.38	-0.28
Calmar ratio: Return relative to maximum drawdown	0.64	1.72	-1.07
Martin ratio: Return relative to average drawdown	1.91	5.64	-3.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWGSX vs. JHFIX - Sharpe Ratio Comparison

The current NWGSX Sharpe Ratio is 0.54, which is lower than the JHFIX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of NWGSX and JHFIX, 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

	NWGSX	JHFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	1.75	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.17	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.54	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	1.19	-0.83

Drawdowns

NWGSX vs. JHFIX - Drawdown Comparison

The maximum NWGSX drawdown since its inception was -46.36%, which is greater than JHFIX's maximum drawdown of -29.41%. Use the drawdown chart below to compare losses from any high point for NWGSX and JHFIX.

Drawdown Indicators

	NWGSX	JHFIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.36%	-29.41%	-16.95%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	-3.14%	-13.17%
Max Drawdown (3Y) Largest decline over 3 years	-26.66%	-5.73%	-20.93%
Max Drawdown (5Y) Largest decline over 5 years	-26.66%	-15.46%	-11.20%
Max Drawdown (10Y) Largest decline over 10 years	-46.36%	-15.46%	-30.90%
Current Drawdown Current decline from peak	-9.83%	-1.12%	-8.71%
Average Drawdown Average peak-to-trough decline	-7.41%	-3.17%	-4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	0.95%	+4.54%

Volatility

NWGSX vs. JHFIX - Volatility Comparison

Nationwide WCM Focused Small Cap Fund (NWGSX) has a higher volatility of 5.75% compared to John Hancock Income Fund (JHFIX) at 1.12%. This indicates that NWGSX's price experiences larger fluctuations and is considered to be riskier than JHFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWGSX	JHFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	1.12%	+4.63%
Volatility (6M) Calculated over the trailing 6-month period	13.97%	2.36%	+11.61%
Volatility (1Y) Calculated over the trailing 1-year period	19.50%	3.09%	+16.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.20%	4.37%	+15.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.16%	4.06%	+18.10%

NWGSX vs. JHFIX - Expense Ratio Comparison

NWGSX has a 0.89% expense ratio, which is higher than JHFIX's 0.80% expense ratio.

Dividends

NWGSX vs. JHFIX - Dividend Comparison

NWGSX's dividend yield for the trailing twelve months is around 24.41%, more than JHFIX's 4.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JHFIX John Hancock Income Fund	4.23%	4.19%	3.29%	2.46%	2.86%	3.03%	2.37%	2.76%	3.29%	3.00%	2.89%	3.46%
NWGSX Nationwide WCM Focused Small Cap Fund	24.41%	25.67%	4.86%	3.16%	2.09%	2.19%	0.00%	4.35%	64.46%	8.48%	0.13%	3.32%

Frequently Asked Questions

Can I hold both NWGSX and JHFIX in my portfolio?

NWGSX and JHFIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWGSX or JHFIX?

NWGSX has higher volatility (5.75%) compared to JHFIX (1.12%). In terms of maximum drawdown, NWGSX dropped -46.36% vs JHFIX's -29.41%.

Which has better risk-adjusted returns?

JHFIX currently has the higher Sharpe Ratio (1.75 vs 0.54), 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.