NWHFX vs. NWHVX

Last updated Jun 4, 2026

NWHFX (Nationwide Bailard Cognitive Value Fund) and NWHVX (Nationwide Geneva Mid Cap Growth Fund) are both mutual funds - NWHFX is a Small Cap Value Equities fund managed by Nationwide, while NWHVX is a Mid Cap Growth Equities fund managed by Nationwide. Over the past 10 years, NWHFX returned 10.65%/yr vs 8.86%/yr for NWHVX. A 0.75 correlation means they provide meaningful diversification when combined. NWHFX charges 1.00%/yr vs 1.07%/yr for NWHVX.

Performance

NWHFX vs. NWHVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Bailard Cognitive Value Fund (NWHFX) and Nationwide Geneva Mid Cap Growth Fund (NWHVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWHFX achieves a 18.47% return, which is significantly higher than NWHVX's -2.90% return. Over the past 10 years, NWHFX has outperformed NWHVX with an annualized return of 10.65%, while NWHVX has yielded a comparatively lower 8.86% annualized return.

NWHFX

• 1D: 0.90%
• 1M: 3.29%
• YTD: 18.47%
• 6M: 18.23%
• 1Y: 37.16%
• 3Y*: 19.45%
• 5Y*: 8.53%
• 10Y*: 10.65%

NWHVX

• 1D: -0.29%
• 1M: 2.87%
• YTD: -2.90%
• 6M: -4.24%
• 1Y: -7.86%
• 3Y*: 6.06%
• 5Y*: 1.82%
• 10Y*: 8.86%

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

NWHFX vs. NWHVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWHFX Nationwide Bailard Cognitive Value Fund	18.47%	9.95%	10.23%	15.78%	-12.91%	36.15%	8.82%	21.18%	-16.17%	4.04%
NWHVX Nationwide Geneva Mid Cap Growth Fund	-2.90%	-2.38%	9.89%	23.84%	-28.32%	25.03%	31.17%	29.96%	-2.97%	23.11%

Correlation

The correlation between NWHFX and NWHVX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Sep 18, 2013	0.75

The correlation between NWHFX and NWHVX has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.

Return for Risk

NWHFX vs. NWHVX — Risk / Return Rank

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

NWHFX

NWHFX Risk / Return Rank: 71
NWHFX Sharpe Ratio Rank: 63
NWHFX Sortino Ratio Rank: 65
NWHFX Omega Ratio Rank: 53
NWHFX Calmar Ratio Rank: 89
NWHFX Martin Ratio Rank: 85

NWHVX

NWHVX Risk / Return Rank: 1
NWHVX Sharpe Ratio Rank: 1
NWHVX Sortino Ratio Rank: 1
NWHVX Omega Ratio Rank: 1
NWHVX Calmar Ratio Rank: 1
NWHVX Martin Ratio Rank: 1

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.

NWHFX vs. NWHVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Bailard Cognitive Value Fund (NWHFX) and Nationwide Geneva Mid Cap Growth Fund (NWHVX). 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.

	NWHFX	NWHVX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	-0.49	+2.84
Sortino ratio: Return per unit of downside risk	3.38	-0.61	+3.99
Omega ratio: Gain probability vs. loss probability	1.41	0.93	+0.47
Calmar ratio: Return relative to maximum drawdown	4.60	-0.40	+5.00
Martin ratio: Return relative to average drawdown	16.12	-0.90	+17.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWHFX vs. NWHVX - Sharpe Ratio Comparison

The current NWHFX Sharpe Ratio is 2.35, which is higher than the NWHVX Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of NWHFX and NWHVX, 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

	NWHFX	NWHVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	-0.49	+2.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.09	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.45	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.45	0.00

Drawdowns

NWHFX vs. NWHVX - Drawdown Comparison

The maximum NWHFX drawdown since its inception was -47.51%, which is greater than NWHVX's maximum drawdown of -37.12%. Use the drawdown chart below to compare losses from any high point for NWHFX and NWHVX.

Drawdown Indicators

	NWHFX	NWHVX	Difference
Max Drawdown Largest peak-to-trough decline	-47.51%	-37.12%	-10.39%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	-17.82%	+9.32%
Max Drawdown (3Y) Largest decline over 3 years	-24.68%	-19.80%	-4.88%
Max Drawdown (5Y) Largest decline over 5 years	-24.68%	-37.12%	+12.44%
Max Drawdown (10Y) Largest decline over 10 years	-47.51%	-37.12%	-10.39%
Current Drawdown Current decline from peak	0.00%	-12.11%	+12.11%
Average Drawdown Average peak-to-trough decline	-7.35%	-7.83%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	7.92%	-5.50%

Volatility

NWHFX vs. NWHVX - Volatility Comparison

Nationwide Bailard Cognitive Value Fund (NWHFX) has a higher volatility of 4.49% compared to Nationwide Geneva Mid Cap Growth Fund (NWHVX) at 4.07%. This indicates that NWHFX's price experiences larger fluctuations and is considered to be riskier than NWHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWHFX	NWHVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	4.07%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	11.39%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	16.64%	14.45%	+2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.56%	19.87%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.79%	19.68%	+3.11%

NWHFX vs. NWHVX - Expense Ratio Comparison

NWHFX has a 1.00% expense ratio, which is lower than NWHVX's 1.07% expense ratio.

Dividends

NWHFX vs. NWHVX - Dividend Comparison

NWHFX's dividend yield for the trailing twelve months is around 9.78%, more than NWHVX's 8.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWHFX Nationwide Bailard Cognitive Value Fund	9.78%	11.48%	13.85%	1.38%	3.31%	4.98%	0.83%	0.65%	15.39%	11.63%	0.62%	1.21%
NWHVX Nationwide Geneva Mid Cap Growth Fund	8.20%	7.96%	11.93%	16.14%	36.45%	34.64%	6.16%	18.85%	38.53%	11.37%	8.97%	13.54%

Frequently Asked Questions

Can I hold both NWHFX and NWHVX in my portfolio?

NWHFX and NWHVX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWHFX or NWHVX?

NWHFX has higher volatility (4.49%) compared to NWHVX (4.07%). In terms of maximum drawdown, NWHFX dropped -47.51% vs NWHVX's -37.12%.

Which has better risk-adjusted returns?

NWHFX currently has the higher Sharpe Ratio (2.35 vs -0.49), 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.