NWHFX vs. TASVX
NWHFX (Nationwide Bailard Cognitive Value Fund) and TASVX (PGIM Quant Solutions Small-Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, NWHFX returned 10.57%/yr vs 11.26%/yr for TASVX. Their correlation of 0.95 means they have usually moved in the same direction. NWHFX charges 1.00%/yr vs 0.79%/yr for TASVX.
Performance
NWHFX vs. TASVX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with NWHFX having a 22.58% return and TASVX slightly higher at 23.39%. Over the past 10 years, NWHFX has underperformed TASVX with an annualized return of 10.57%, while TASVX has yielded a comparatively higher 11.26% annualized return.
NWHFX
- 1D
- 0.00%
- 1M
- -0.64%
- 6M
- 13.92%
- YTD
- 22.58%
- 1Y
- 39.98%
- 3Y*
- 16.92%
- 5Y*
- 10.36%
- 10Y*
- 10.57%
- ALL TIME*
- 9.73%
TASVX
- 1D
- -0.13%
- 1M
- 1.69%
- 6M
- 14.64%
- YTD
- 23.39%
- 1Y
- 46.47%
- 3Y*
- 21.37%
- 5Y*
- 13.48%
- 10Y*
- 11.26%
- ALL TIME*
- 11.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NWHFX vs. TASVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWHFX Nationwide Bailard Cognitive Value Fund | 22.58% | 9.95% | 10.23% | 15.78% | -12.91% | 36.15% | 8.82% | 21.18% | -16.17% | 4.04% |
TASVX PGIM Quant Solutions Small-Cap Value Fund | 23.39% | 13.71% | 18.76% | 16.92% | -11.44% | 41.68% | -3.08% | 15.56% | -19.00% | 6.21% |
Correlation
The correlation between NWHFX and TASVX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013 | 0.95 |
The correlation between NWHFX and TASVX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
NWHFX vs. TASVX — Risk / Return Rank
NWHFX
TASVX
NWHFX vs. TASVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Bailard Cognitive Value Fund (NWHFX) and PGIM Quant Solutions Small-Cap Value Fund (TASVX). 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.
| NWHFX | TASVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 4.97 | -0.50 |
| Martin ratioReturn relative to average drawdown | 16.23 | 17.56 | -1.33 |
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Drawdowns
NWHFX vs. TASVX - Drawdown Comparison
The maximum NWHFX drawdown since its inception was -47.51%, smaller than the maximum TASVX drawdown of -59.79%. Use the drawdown chart below to compare losses from any high point for NWHFX and TASVX.
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Drawdown Indicators
| NWHFX | TASVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.51% | -59.79% | +12.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -8.75% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -24.68% | -23.91% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -24.68% | -24.62% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -47.51% | -59.79% | +12.28% |
Current DrawdownCurrent decline from peak | -1.85% | -0.97% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -8.46% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.48% | -0.14% |
Volatility
NWHFX vs. TASVX - Volatility Comparison
Nationwide Bailard Cognitive Value Fund (NWHFX) and PGIM Quant Solutions Small-Cap Value Fund (TASVX) have volatilities of 3.37% and 3.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWHFX | TASVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 3.50% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.40% | 11.47% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 16.79% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 22.37% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.77% | 26.35% | -3.58% |
NWHFX vs. TASVX - Expense Ratio Comparison
NWHFX has a 1.00% expense ratio, which is higher than TASVX's 0.79% expense ratio.
Dividends
NWHFX vs. TASVX - Dividend Comparison
NWHFX's dividend yield for the trailing twelve months is around 9.45%, more than TASVX's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWHFX Nationwide Bailard Cognitive Value Fund | 9.45% | 11.48% | 13.85% | 1.38% | 3.31% | 4.98% | 0.83% | 0.65% | 15.39% | 11.63% | 0.62% | 1.21% |
TASVX PGIM Quant Solutions Small-Cap Value Fund | 1.05% | 1.29% | 26.54% | 3.43% | 22.08% | 1.46% | 1.38% | 2.81% | 10.87% | 13.42% | 1.83% | 45.04% |
Frequently Asked Questions
With a correlation of 0.97, NWHFX and TASVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TASVX has higher volatility (3.50%) compared to NWHFX (3.37%). In terms of maximum drawdown, NWHFX dropped -47.51% vs TASVX's -59.79%.
TASVX currently has the higher Sharpe Ratio (2.60 vs 2.31), 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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