NWHLX vs. NWAUX
NWHLX (Nationwide Bailard International Equities Fund) and NWAUX (Nationwide GQG US Quality Equity Fund) are both mutual funds - NWHLX is a Foreign Large Cap Equities fund managed by Nationwide, while NWAUX is a Large Cap Blend Equities fund managed by Nationwide. Over the past 5 years, NWHLX returned 11.30%/yr vs 9.03%/yr for NWAUX. A 0.54 correlation means they provide meaningful diversification when combined. NWHLX charges 0.93%/yr vs 0.74%/yr for NWAUX.
Performance
NWHLX vs. NWAUX - Performance Comparison
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Returns By Period
In the year-to-date period, NWHLX achieves a 15.26% return, which is significantly higher than NWAUX's 4.94% return.
NWHLX
- 1D
- 0.69%
- 1M
- 0.96%
- 6M
- 11.75%
- YTD
- 15.26%
- 1Y
- 28.63%
- 3Y*
- 21.72%
- 5Y*
- 11.30%
- 10Y*
- 9.64%
NWAUX
- 1D
- -0.28%
- 1M
- -1.18%
- 6M
- 5.48%
- YTD
- 4.94%
- 1Y
- 4.09%
- 3Y*
- 12.36%
- 5Y*
- 9.03%
- 10Y*
- —
NWHLX vs. NWAUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NWHLX Nationwide Bailard International Equities Fund | 15.26% | 34.77% | 7.37% | 21.75% | -15.90% | 8.11% |
NWAUX Nationwide GQG US Quality Equity Fund | 4.94% | -4.92% | 27.90% | 18.30% | -3.23% | 22.65% |
Correlation
The correlation between NWHLX and NWAUX is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.54 |
The correlation between NWHLX and NWAUX shifts across timeframes, from -0.05 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NWHLX vs. NWAUX — Risk / Return Rank
NWHLX
NWAUX
NWHLX vs. NWAUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Bailard International Equities Fund (NWHLX) and Nationwide GQG US Quality Equity Fund (NWAUX). 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 | NWAUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.06 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 0.43 | +2.06 |
| Martin ratioReturn relative to average drawdown | 9.28 | 1.04 | +8.24 |
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Drawdowns
NWHLX vs. NWAUX - Drawdown Comparison
The maximum NWHLX drawdown since its inception was -38.83%, which is greater than NWAUX's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for NWHLX and NWAUX.
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Drawdown Indicators
| NWHLX | NWAUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -21.07% | -17.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -8.55% | -2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -13.74% | -19.31% | +5.57% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -21.07% | -9.41% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | — | — |
Current DrawdownCurrent decline from peak | -1.14% | -11.07% | +9.93% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -7.00% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.52% | -0.56% |
Volatility
NWHLX vs. NWAUX - Volatility Comparison
Nationwide Bailard International Equities Fund (NWHLX) has a higher volatility of 5.49% compared to Nationwide GQG US Quality Equity Fund (NWAUX) at 4.57%. This indicates that NWHLX's price experiences larger fluctuations and is considered to be riskier than NWAUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWHLX | NWAUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 4.57% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 8.51% | +4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 10.65% | +4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 16.17% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 15.90% | +0.09% |
NWHLX vs. NWAUX - Expense Ratio Comparison
NWHLX has a 0.93% expense ratio, which is higher than NWAUX's 0.74% expense ratio.
Dividends
NWHLX vs. NWAUX - Dividend Comparison
NWHLX's dividend yield for the trailing twelve months is around 7.30%, more than NWAUX's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWAUX Nationwide GQG US Quality Equity Fund | 4.96% | 4.35% | 13.58% | 0.40% | 1.93% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NWHLX Nationwide Bailard International Equities Fund | 7.30% | 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
NWHLX and NWAUX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWHLX has higher volatility (5.49%) compared to NWAUX (4.57%). In terms of maximum drawdown, NWHLX dropped -38.83% vs NWAUX's -21.07%.
NWHLX currently has the higher Sharpe Ratio (1.80 vs 0.35), 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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