NWHLX vs. EPDPX

Last updated Jun 23, 2026

NWHLX (Nationwide Bailard International Equities Fund) and EPDPX (EuroPac International Dividend Income Fund Class A) are both Foreign Large Cap Equities funds. Over the past 10 years, NWHLX returned 9.48%/yr vs 9.64%/yr for EPDPX. A 0.76 correlation means they provide meaningful diversification when combined. NWHLX charges 0.93%/yr vs 1.52%/yr for EPDPX.

Performance

NWHLX vs. EPDPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Bailard International Equities Fund (NWHLX) and EuroPac International Dividend Income Fund Class A (EPDPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWHLX achieves a 15.87% return, which is significantly higher than EPDPX's 8.44% return. Both investments have delivered pretty close results over the past 10 years, with NWHLX having a 9.48% annualized return and EPDPX not far ahead at 9.64%.

NWHLX

• 1D: 1.00%
• 1M: 2.84%
• YTD: 15.87%
• 6M: 16.48%
• 1Y: 33.32%
• 3Y*: 20.88%
• 5Y*: 11.70%
• 10Y*: 9.48%

EPDPX

• 1D: -1.26%
• 1M: -3.39%
• YTD: 8.44%
• 6M: 8.60%
• 1Y: 36.90%
• 3Y*: 21.61%
• 5Y*: 13.90%
• 10Y*: 9.64%

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

NWHLX vs. EPDPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWHLX Nationwide Bailard International Equities Fund	15.87%	34.77%	7.37%	21.75%	-15.90%	10.12%	8.25%	21.73%	-19.71%	24.73%
EPDPX EuroPac International Dividend Income Fund Class A	8.44%	61.93%	0.72%	7.46%	1.27%	7.78%	8.83%	13.05%	-11.02%	15.53%

Correlation

The correlation between NWHLX and EPDPX is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 13, 2014	0.76

The correlation between NWHLX and EPDPX has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.

Return for Risk

NWHLX vs. EPDPX — Risk / Return Rank

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

NWHLX

NWHLX Risk / Return Rank: 62
NWHLX Sharpe Ratio Rank: 65
NWHLX Sortino Ratio Rank: 62
NWHLX Omega Ratio Rank: 62
NWHLX Calmar Ratio Rank: 65
NWHLX Martin Ratio Rank: 59

EPDPX

EPDPX Risk / Return Rank: 74
EPDPX Sharpe Ratio Rank: 84
EPDPX Sortino Ratio Rank: 71
EPDPX Omega Ratio Rank: 76
EPDPX Calmar Ratio Rank: 77
EPDPX Martin Ratio Rank: 62

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.

NWHLX vs. EPDPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Bailard International Equities Fund (NWHLX) and EuroPac International Dividend Income Fund Class A (EPDPX). 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.

	NWHLX	EPDPX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.52	-0.35
Sortino ratio: Return per unit of downside risk	2.99	3.20	-0.21
Omega ratio: Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio: Return relative to maximum drawdown	2.95	3.33	-0.38
Martin ratio: Return relative to average drawdown	11.03	11.42	-0.39

NWHLX vs. EPDPX - Sharpe Ratio Comparison

The current NWHLX Sharpe Ratio is 2.17, which is comparable to the EPDPX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of NWHLX and EPDPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NWHLX vs. EPDPX - Drawdown Comparison

The maximum NWHLX drawdown since its inception was -38.83%, roughly equal to the maximum EPDPX drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for NWHLX and EPDPX.

Drawdown Indicators

	NWHLX	EPDPX	Difference
Max Drawdown Largest peak-to-trough decline	-38.83%	-39.21%	+0.38%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-10.96%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-13.74%	-13.15%	-0.59%
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	-21.06%	-9.42%
Max Drawdown (10Y) Largest decline over 10 years	-38.83%	-33.34%	-5.49%
Current Drawdown Current decline from peak	0.00%	-7.22%	+7.22%
Average Drawdown Average peak-to-trough decline	-7.91%	-11.17%	+3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	3.19%	-0.25%

Volatility

NWHLX vs. EPDPX - Volatility Comparison

Nationwide Bailard International Equities Fund (NWHLX) and EuroPac International Dividend Income Fund Class A (EPDPX) have volatilities of 5.39% and 5.19%, 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.

Volatility by Period

	NWHLX	EPDPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	5.19%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	12.78%	12.39%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	14.94%	14.50%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.62%	14.14%	+1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.26%	14.93%	+1.33%

NWHLX vs. EPDPX - Expense Ratio Comparison

NWHLX has a 0.93% expense ratio, which is lower than EPDPX's 1.52% expense ratio.

Dividends

NWHLX vs. EPDPX - Dividend Comparison

NWHLX's dividend yield for the trailing twelve months is around 7.26%, more than EPDPX's 6.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPDPX EuroPac International Dividend Income Fund Class A	6.18%	6.55%	3.82%	3.08%	2.56%	2.07%	1.70%	2.43%	2.66%	2.69%	2.24%	3.58%
NWHLX Nationwide Bailard International Equities Fund	7.26%	8.12%	3.80%	2.75%	2.91%	2.77%	1.43%	2.71%	5.62%	2.05%	2.14%	2.81%

Frequently Asked Questions

Can I hold both NWHLX and EPDPX in my portfolio?

NWHLX and EPDPX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWHLX or EPDPX?

NWHLX has higher volatility (5.39%) compared to EPDPX (5.19%). In terms of maximum drawdown, NWHLX dropped -38.83% vs EPDPX's -39.21%.

Which has better risk-adjusted returns?

EPDPX currently has the higher Sharpe Ratio (2.52 vs 2.17), 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.