NWHQX vs. NWHVX

Last updated Jul 18, 2026

NWHQX (Nationwide Bailard Technology and Science Fund) and NWHVX (Nationwide Geneva Mid Cap Growth Fund) are both mutual funds - NWHQX is a Technology Equities fund managed by Nationwide, while NWHVX is a Mid Cap Growth Equities fund managed by Nationwide. Over the past 10 years, NWHQX returned 20.68%/yr vs 8.91%/yr for NWHVX. Their correlation of 0.82 suggests significant overlap in exposure. NWHQX charges 0.92%/yr vs 1.07%/yr for NWHVX.

Performance

NWHQX vs. NWHVX - Performance Comparison

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

Returns By Period

In the year-to-date period, NWHQX achieves a 17.26% return, which is significantly higher than NWHVX's -1.21% return. Over the past 10 years, NWHQX has outperformed NWHVX with an annualized return of 20.68%, while NWHVX has yielded a comparatively lower 8.91% annualized return.

NWHQX

• 1D: -2.36%
• 1M: -1.04%
• 6M: 16.60%
• YTD: 17.26%
• 1Y: 23.90%
• 3Y*: 25.13%
• 5Y*: 13.96%
• 10Y*: 20.68%

NWHVX

• 1D: 1.34%
• 1M: 3.93%
• 6M: -4.69%
• YTD: -1.21%
• 1Y: -6.41%
• 3Y*: 4.17%
• 5Y*: 0.77%
• 10Y*: 8.91%

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

NWHQX vs. NWHVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWHQX Nationwide Bailard Technology and Science Fund	17.26%	18.58%	26.23%	63.66%	-37.23%	19.21%	50.97%	38.91%	-3.16%	38.22%
NWHVX Nationwide Geneva Mid Cap Growth Fund	-1.21%	-2.38%	9.89%	23.84%	-28.32%	25.03%	31.17%	29.96%	-2.97%	23.11%

Correlation

The correlation between NWHQX and NWHVX is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013	0.82

Over the past year, the correlation between NWHQX and NWHVX has dropped to 0.56 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

NWHQX vs. NWHVX — Risk / Return Rank

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

NWHQX

NWHQX Risk / Return Rank: 18
NWHQX Sharpe Ratio Rank: 19
NWHQX Sortino Ratio Rank: 18
NWHQX Omega Ratio Rank: 19
NWHQX Calmar Ratio Rank: 17
NWHQX Martin Ratio Rank: 16

NWHVX

NWHVX Risk / Return Rank: 1
NWHVX Sharpe Ratio Rank: 1
NWHVX Sortino Ratio Rank: 1
NWHVX Omega Ratio Rank: 1
NWHVX Calmar Ratio Rank: 1
NWHVX Martin Ratio Rank: 1

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.

NWHQX vs. NWHVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Bailard Technology and Science Fund (NWHQX) and Nationwide Geneva Mid Cap Growth Fund (NWHVX). 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	NWHVX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	-0.39	+1.40
Sortino ratio: Return per unit of downside risk	1.44	-0.45	+1.89
Omega ratio: Gain probability vs. loss probability	1.18	0.95	+0.23
Calmar ratio: Return relative to maximum drawdown	1.18	-0.32	+1.50
Martin ratio: Return relative to average drawdown	3.43	-0.66	+4.10

NWHQX vs. NWHVX - Sharpe Ratio Comparison

The current NWHQX Sharpe Ratio is 1.01, which is higher than the NWHVX Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of NWHQX and NWHVX, 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. NWHVX - Drawdown Comparison

The maximum NWHQX drawdown since its inception was -42.61%, which is greater than NWHVX's maximum drawdown of -37.12%. Use the drawdown chart below to compare losses from any high point for NWHQX and NWHVX.

Drawdown Indicators

	NWHQX	NWHVX	Difference
Max Drawdown Largest peak-to-trough decline	-42.61%	-37.12%	-5.49%
Max Drawdown (1Y) Largest decline over 1 year	-21.34%	-17.82%	-3.52%
Max Drawdown (3Y) Largest decline over 3 years	-26.48%	-19.80%	-6.68%
Max Drawdown (5Y) Largest decline over 5 years	-42.61%	-37.12%	-5.49%
Max Drawdown (10Y) Largest decline over 10 years	-42.61%	-37.12%	-5.49%
Current Drawdown Current decline from peak	-6.21%	-10.58%	+4.37%
Average Drawdown Average peak-to-trough decline	-7.08%	-7.87%	+0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.31%	8.66%	-1.35%

Volatility

NWHQX vs. NWHVX - Volatility Comparison

Nationwide Bailard Technology and Science Fund (NWHQX) has a higher volatility of 10.09% compared to Nationwide Geneva Mid Cap Growth Fund (NWHVX) at 3.96%. This indicates that NWHQX's price experiences larger fluctuations and is considered to be riskier than NWHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWHQX	NWHVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.09%	3.96%	+6.13%
Volatility (6M) Calculated over the trailing 6-month period	20.94%	11.82%	+9.12%
Volatility (1Y) Calculated over the trailing 1-year period	24.83%	14.83%	+10.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.98%	19.95%	+7.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	19.64%	+5.82%

NWHQX vs. NWHVX - Expense Ratio Comparison

NWHQX has a 0.92% expense ratio, which is lower than NWHVX's 1.07% expense ratio.

Dividends

NWHQX vs. NWHVX - Dividend Comparison

NWHQX's dividend yield for the trailing twelve months is around 9.98%, more than NWHVX's 8.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWHQX Nationwide Bailard Technology and Science Fund	9.98%	11.71%	12.90%	6.49%	11.34%	17.51%	11.54%	7.38%	17.44%	10.29%	7.72%	8.63%
NWHVX Nationwide Geneva Mid Cap Growth Fund	8.06%	7.96%	11.93%	16.14%	36.45%	34.64%	6.16%	18.85%	38.53%	11.37%	8.97%	13.54%

Frequently Asked Questions

Can I hold both NWHQX and NWHVX in my portfolio?

NWHQX and NWHVX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWHQX or NWHVX?

NWHQX has higher volatility (10.09%) compared to NWHVX (3.96%). In terms of maximum drawdown, NWHQX dropped -42.61% vs NWHVX's -37.12%.

Which has better risk-adjusted returns?

NWHQX currently has the higher Sharpe Ratio (1.01 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.