NWHFX vs. PYLD

Last updated Apr 1, 2026

Compare and contrast key facts about Nationwide Bailard Cognitive Value Fund (NWHFX) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD).

NWHFX is managed by Nationwide. It was launched on May 30, 2001. PYLD is an actively managed fund by PIMCO. It was launched on Jun 21, 2023.

Performance

NWHFX vs. PYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Bailard Cognitive Value Fund (NWHFX) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). The values are adjusted to include any dividend payments, if applicable.

NWHFX vs. PYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NWHFX Nationwide Bailard Cognitive Value Fund	3.59%	9.95%	10.23%	16.94%
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund	-0.92%	9.57%	7.69%	5.60%

Returns By Period

In the year-to-date period, NWHFX achieves a 3.59% return, which is significantly higher than PYLD's -0.92% return.

NWHFX

• 1D: -0.63%
• 1M: -5.75%
• YTD: 3.59%
• 6M: 7.05%
• 1Y: 22.62%
• 3Y*: 14.25%
• 5Y*: 7.30%
• 10Y*: 9.54%

PYLD

• 1D: 0.50%
• 1M: -2.28%
• YTD: -0.92%
• 6M: 0.90%
• 1Y: 5.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NWHFX vs. PYLD - Expense Ratio Comparison

NWHFX has a 1.00% expense ratio, which is higher than PYLD's 0.55% expense ratio.

NWHFX

Nationwide Bailard Cognitive Value Fund

PYLD

PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund

Return for Risk

NWHFX vs. PYLD — Risk / Return Rank

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

NWHFX

NWHFX Risk / Return Rank: 64
NWHFX Sharpe Ratio Rank: 63
NWHFX Sortino Ratio Rank: 66
NWHFX Omega Ratio Rank: 57
NWHFX Calmar Ratio Rank: 68
NWHFX Martin Ratio Rank: 65

PYLD

PYLD Risk / Return Rank: 83
PYLD Sharpe Ratio Rank: 87
PYLD Sortino Ratio Rank: 89
PYLD Omega Ratio Rank: 87
PYLD Calmar Ratio Rank: 75
PYLD Martin Ratio Rank: 76

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. PYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Bailard Cognitive Value Fund (NWHFX) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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	PYLD	Difference
Sharpe ratio Return per unit of total volatility	1.13	1.72	-0.59
Sortino ratio Return per unit of downside risk	1.68	2.39	-0.71
Omega ratio Gain probability vs. loss probability	1.22	1.34	-0.11
Calmar ratio Return relative to maximum drawdown	1.57	1.84	-0.27
Martin ratio Return relative to average drawdown	6.24	7.60	-1.36
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. PYLD - Sharpe Ratio Comparison

The current NWHFX Sharpe Ratio is 1.13, which is lower than the PYLD Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of NWHFX and PYLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NWHFX	PYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.72	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.99	-1.59

Correlation

The correlation between NWHFX and PYLD is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NWHFX vs. PYLD - Dividend Comparison

NWHFX's dividend yield for the trailing twelve months is around 11.18%, more than PYLD's 6.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWHFX Nationwide Bailard Cognitive Value Fund	11.18%	11.48%	13.85%	1.38%	3.31%	4.98%	0.83%	0.65%	15.39%	11.63%	0.62%	1.21%
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund	6.36%	6.21%	6.40%	2.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NWHFX vs. PYLD - Drawdown Comparison

The maximum NWHFX drawdown since its inception was -47.51%, which is greater than PYLD's maximum drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for NWHFX and PYLD.

Drawdown Indicators

	NWHFX	PYLD	Difference
Max Drawdown Largest peak-to-trough decline	-47.51%	-4.52%	-42.99%
Max Drawdown (1Y) Largest decline over 1 year	-13.22%	-3.25%	-9.97%
Max Drawdown (5Y) Largest decline over 5 years	-24.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.51%	—	—
Current Drawdown Current decline from peak	-7.31%	-2.28%	-5.03%
Average Drawdown Average peak-to-trough decline	-7.44%	-0.64%	-6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	0.79%	+2.54%

Volatility

NWHFX vs. PYLD - Volatility Comparison

Nationwide Bailard Cognitive Value Fund (NWHFX) has a higher volatility of 5.66% compared to PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) at 1.61%. This indicates that NWHFX's price experiences larger fluctuations and is considered to be riskier than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWHFX	PYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	1.61%	+4.05%
Volatility (6M) Calculated over the trailing 6-month period	12.03%	2.12%	+9.91%
Volatility (1Y) Calculated over the trailing 1-year period	20.35%	3.43%	+16.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	4.00%	+16.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.75%	4.00%	+18.75%