NWHQX vs. JLGMX

Last updated Aug 5, 2026

NWHQX (Nationwide Bailard Technology and Science Fund) and JLGMX (JPMorgan Large Cap Growth Fund Class R6) are both mutual funds - NWHQX is a Technology Equities fund managed by Nationwide, while JLGMX is a Large Cap Growth Equities fund actively managed by JPMorgan. Over the past 10 years, NWHQX returned 20.08%/yr vs 18.93%/yr for JLGMX. Their correlation of 0.94 means they have usually moved in the same direction. NWHQX charges 0.92%/yr vs 0.44%/yr for JLGMX.

Performance

NWHQX vs. JLGMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Bailard Technology and Science Fund (NWHQX) and JPMorgan Large Cap Growth Fund Class R6 (JLGMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWHQX achieves a 16.54% return, which is significantly higher than JLGMX's 0.66% return. Over the past 10 years, NWHQX has outperformed JLGMX with an annualized return of 20.08%, while JLGMX has yielded a comparatively lower 18.93% annualized return.

NWHQX

• 1D: 2.26%
• 1M: -1.83%
• 6M: 21.55%
• YTD: 16.54%
• 1Y: 22.84%
• 3Y*: 26.08%
• 5Y*: 13.09%
• 10Y*: 20.08%
• ALL TIME*: 18.73%

JLGMX

• 1D: 1.77%
• 1M: -2.06%
• 6M: 2.51%
• YTD: 0.66%
• 1Y: 5.29%
• 3Y*: 19.34%
• 5Y*: 10.50%
• 10Y*: 18.93%
• ALL TIME*: 16.40%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JLGMX JPMorgan Large Cap Growth Fund Class R6	$0.00	$0.00	$0.00
NWHQX Nationwide Bailard Technology and Science Fund	$0.00	$0.00	$0.00

NWHQX vs. JLGMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWHQX Nationwide Bailard Technology and Science Fund	16.54%	18.58%	26.23%	63.66%	-37.23%	19.21%	50.97%	38.91%	-3.16%	38.22%
JLGMX JPMorgan Large Cap Growth Fund Class R6	0.66%	14.38%	35.40%	34.95%	-25.20%	18.48%	56.39%	39.47%	0.74%	38.41%

Correlation

The correlation between NWHQX and JLGMX is 0.91, 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.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013	0.94

The correlation between NWHQX and JLGMX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

NWHQX vs. JLGMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NWHQX

NWHQX Risk / Return Rank: 24
NWHQX Sharpe Ratio Rank: 26
NWHQX Sortino Ratio Rank: 25
NWHQX Omega Ratio Rank: 24
NWHQX Calmar Ratio Rank: 23
NWHQX Martin Ratio Rank: 22

JLGMX

JLGMX Risk / Return Rank: 9
JLGMX Sharpe Ratio Rank: 9
JLGMX Sortino Ratio Rank: 9
JLGMX Omega Ratio Rank: 10
JLGMX Calmar Ratio Rank: 9
JLGMX Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NWHQX vs. JLGMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Bailard Technology and Science Fund (NWHQX) and JPMorgan Large Cap Growth Fund Class R6 (JLGMX). 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.

	NWHQX	JLGMX	Difference
Sharpe ratio: Return per unit of total volatility	1.00	0.39	+0.60
Sortino ratio: Return per unit of downside risk	1.45	0.67	+0.77
Omega ratio: Gain probability vs. loss probability	1.18	1.08	+0.10
Calmar ratio: Return relative to maximum drawdown	1.20	0.45	+0.75
Martin ratio: Return relative to average drawdown	3.39	1.19	+2.19

NWHQX vs. JLGMX - Sharpe Ratio Comparison

The current NWHQX Sharpe Ratio is 1.00, which is higher than the JLGMX Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of NWHQX and JLGMX, 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

NWHQX vs. JLGMX - Drawdown Comparison

The maximum NWHQX drawdown since its inception was -42.61%, which is greater than JLGMX's maximum drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for NWHQX and JLGMX.

Drawdown Indicators

	NWHQX	JLGMX	Difference
Max Drawdown Largest peak-to-trough decline	-42.61%	-31.82%	-10.79%
Max Drawdown (1Y) Largest decline over 1 year	-21.34%	-16.73%	-4.61%
Max Drawdown (3Y) Largest decline over 3 years	-26.48%	-21.47%	-5.01%
Max Drawdown (5Y) Largest decline over 5 years	-42.61%	-31.13%	-11.48%
Max Drawdown (10Y) Largest decline over 10 years	-42.61%	-31.82%	-10.79%
Current Drawdown Current decline from peak	-6.79%	-6.76%	-0.03%
Average Drawdown Average peak-to-trough decline	-7.09%	-5.80%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.55%	6.24%	+1.31%

Volatility

NWHQX vs. JLGMX - Volatility Comparison

Nationwide Bailard Technology and Science Fund (NWHQX) has a higher volatility of 8.99% compared to JPMorgan Large Cap Growth Fund Class R6 (JLGMX) at 8.09%. This indicates that NWHQX's price experiences larger fluctuations and is considered to be riskier than JLGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWHQX	JLGMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.99%	8.09%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	21.46%	15.36%	+6.10%
Volatility (1Y) Calculated over the trailing 1-year period	25.69%	18.99%	+6.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.12%	20.76%	+6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.56%	21.81%	+3.75%

NWHQX vs. JLGMX - Expense Ratio Comparison

NWHQX has a 0.92% expense ratio, which is higher than JLGMX's 0.44% expense ratio.

Dividends

NWHQX vs. JLGMX - Dividend Comparison

NWHQX's dividend yield for the trailing twelve months is around 10.05%, less than JLGMX's 10.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JLGMX JPMorgan Large Cap Growth Fund Class R6	10.97%	11.04%	2.12%	0.31%	3.49%	14.25%	5.14%	12.65%	15.59%	14.44%	9.71%	4.43%
NWHQX Nationwide Bailard Technology and Science Fund	10.05%	11.71%	12.90%	6.49%	11.34%	17.51%	11.54%	7.38%	17.44%	10.29%	7.72%	8.63%

Frequently Asked Questions

Can I hold both NWHQX and JLGMX in my portfolio?

With a correlation of 0.91, NWHQX and JLGMX 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.

Which is riskier, NWHQX or JLGMX?

NWHQX has higher volatility (8.99%) compared to JLGMX (8.09%). In terms of maximum drawdown, NWHQX dropped -42.61% vs JLGMX's -31.82%.

Which has better risk-adjusted returns?

NWHQX currently has the higher Sharpe Ratio (1.00 vs 0.39), 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.