NWHLX vs. SWRLX
NWHLX (Nationwide Bailard International Equities Fund) and SWRLX (Touchstone International Equity Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, NWHLX returned 9.45%/yr vs 10.60%/yr for SWRLX. Their correlation of 0.88 means they have usually moved in the same direction. NWHLX charges 0.93%/yr vs 1.37%/yr for SWRLX.
Performance
NWHLX vs. SWRLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NWHLX achieves a 16.76% return, which is significantly lower than SWRLX's 21.39% return. Over the past 10 years, NWHLX has underperformed SWRLX with an annualized return of 9.45%, while SWRLX has yielded a comparatively higher 10.60% annualized return.
NWHLX
- 1D
- 3.12%
- 1M
- 1.46%
- 6M
- 10.04%
- YTD
- 16.76%
- 1Y
- 32.59%
- 3Y*
- 20.35%
- 5Y*
- 11.63%
- 10Y*
- 9.45%
- ALL TIME*
- 7.96%
SWRLX
- 1D
- 2.18%
- 1M
- 0.70%
- 6M
- 12.44%
- YTD
- 21.39%
- 1Y
- 45.70%
- 3Y*
- 23.29%
- 5Y*
- 13.08%
- 10Y*
- 10.60%
- ALL TIME*
- 7.51%
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 |
NWHLX vs. SWRLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWHLX Nationwide Bailard International Equities Fund | 16.76% | 34.77% | 7.37% | 21.75% | -15.90% | 10.12% | 8.25% | 21.73% | -19.71% | 24.73% |
SWRLX Touchstone International Equity Fund | 21.39% | 53.78% | -1.53% | 17.63% | -11.02% | 3.86% | 7.47% | 25.87% | -16.81% | 27.24% |
Correlation
The correlation between NWHLX and SWRLX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013 | 0.88 |
The correlation between NWHLX and SWRLX has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NWHLX vs. SWRLX — Risk / Return Rank
NWHLX
SWRLX
NWHLX vs. SWRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Bailard International Equities Fund (NWHLX) and Touchstone International Equity Fund (SWRLX). 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 | SWRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.52 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 3.88 | -1.07 |
| Martin ratioReturn relative to average drawdown | 10.53 | 13.62 | -3.09 |
Loading charts...
Drawdowns
NWHLX vs. SWRLX - Drawdown Comparison
The maximum NWHLX drawdown since its inception was -38.83%, smaller than the maximum SWRLX drawdown of -59.44%. Use the drawdown chart below to compare losses from any high point for NWHLX and SWRLX.
Loading charts...
Drawdown Indicators
| NWHLX | SWRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -59.44% | +20.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -11.49% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -13.74% | -14.08% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -34.19% | +3.71% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | -35.95% | -2.88% |
Current DrawdownCurrent decline from peak | 0.00% | -2.56% | +2.56% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -11.58% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.27% | -0.33% |
Volatility
NWHLX vs. SWRLX - Volatility Comparison
The current volatility for Nationwide Bailard International Equities Fund (NWHLX) is 5.11%, while Touchstone International Equity Fund (SWRLX) has a volatility of 5.46%. This indicates that NWHLX experiences smaller price fluctuations and is considered to be less risky than SWRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NWHLX | SWRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 5.46% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 13.85% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 15.77% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 17.67% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.03% | 16.65% | -0.62% |
NWHLX vs. SWRLX - Expense Ratio Comparison
NWHLX has a 0.93% expense ratio, which is lower than SWRLX's 1.37% expense ratio.
Dividends
NWHLX vs. SWRLX - Dividend Comparison
NWHLX's dividend yield for the trailing twelve months is around 7.21%, more than SWRLX's 6.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWHLX Nationwide Bailard International Equities Fund | 7.21% | 8.12% | 3.80% | 2.75% | 2.91% | 2.77% | 1.43% | 2.71% | 5.62% | 2.05% | 2.14% | 2.81% |
SWRLX Touchstone International Equity Fund | 6.29% | 7.63% | 10.53% | 1.36% | 1.56% | 14.95% | 0.46% | 9.10% | 15.19% | 3.61% | 0.66% | 3.76% |
Frequently Asked Questions
With a correlation of 0.90, NWHLX and SWRLX 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.
SWRLX has higher volatility (5.46%) compared to NWHLX (5.11%). In terms of maximum drawdown, NWHLX dropped -38.83% vs SWRLX's -59.44%.
SWRLX currently has the higher Sharpe Ratio (2.84 vs 2.00), 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.
Find the right allocation for NWHLX and SWRLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer