NWHQX vs. SCHG

Last updated Apr 1, 2026

Compare and contrast key facts about Nationwide Bailard Technology and Science Fund (NWHQX) and Schwab U.S. Large-Cap Growth ETF (SCHG).

NWHQX is managed by Nationwide. It was launched on May 29, 2001. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. It was launched on Dec 11, 2009.

Performance

NWHQX vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Bailard Technology and Science Fund (NWHQX) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

NWHQX vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWHQX Nationwide Bailard Technology and Science Fund	-15.35%	18.58%	26.23%	63.66%	-37.23%	19.21%	50.97%	38.91%	-3.16%	38.22%
SCHG Schwab U.S. Large-Cap Growth ETF	-10.59%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%

Returns By Period

In the year-to-date period, NWHQX achieves a -15.35% return, which is significantly lower than SCHG's -10.59% return. Both investments have delivered pretty close results over the past 10 years, with NWHQX having a 17.17% annualized return and SCHG not far behind at 16.83%.

NWHQX

• 1D: -1.03%
• 1M: -10.15%
• YTD: -15.35%
• 6M: -17.09%
• 1Y: 10.40%
• 3Y*: 19.52%
• 5Y*: 8.57%
• 10Y*: 17.17%

SCHG

• 1D: 3.67%
• 1M: -5.12%
• YTD: -10.59%
• 6M: -8.51%
• 1Y: 16.81%
• 3Y*: 21.91%
• 5Y*: 12.55%
• 10Y*: 16.83%

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

NWHQX vs. SCHG - Expense Ratio Comparison

NWHQX has a 0.92% expense ratio, which is higher than SCHG's 0.04% expense ratio.

NWHQX

Nationwide Bailard Technology and Science Fund

SCHG

Schwab U.S. Large-Cap Growth ETF

Return for Risk

NWHQX vs. SCHG — Risk / Return Rank

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

NWHQX

NWHQX Risk / Return Rank: 14
NWHQX Sharpe Ratio Rank: 14
NWHQX Sortino Ratio Rank: 16
NWHQX Omega Ratio Rank: 15
NWHQX Calmar Ratio Rank: 13
NWHQX Martin Ratio Rank: 12

SCHG

SCHG Risk / Return Rank: 46
SCHG Sharpe Ratio Rank: 45
SCHG Sortino Ratio Rank: 50
SCHG Omega Ratio Rank: 49
SCHG Calmar Ratio Rank: 45
SCHG Martin Ratio Rank: 41

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. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Bailard Technology and Science Fund (NWHQX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.

	NWHQX	SCHG	Difference
Sharpe ratio Return per unit of total volatility	0.37	0.75	-0.39
Sortino ratio Return per unit of downside risk	0.70	1.23	-0.53
Omega ratio Gain probability vs. loss probability	1.10	1.17	-0.08
Calmar ratio Return relative to maximum drawdown	0.32	1.03	-0.71
Martin ratio Return relative to average drawdown	1.02	3.54	-2.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWHQX vs. SCHG - Sharpe Ratio Comparison

The current NWHQX Sharpe Ratio is 0.37, which is lower than the SCHG Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of NWHQX and SCHG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NWHQX	SCHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	0.75	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.57	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.79	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.79	-0.10

Correlation

The correlation between NWHQX and SCHG is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NWHQX vs. SCHG - Dividend Comparison

NWHQX's dividend yield for the trailing twelve months is around 13.83%, more than SCHG's 0.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWHQX Nationwide Bailard Technology and Science Fund	13.83%	11.71%	12.90%	6.49%	11.34%	17.51%	11.54%	7.38%	17.44%	10.29%	7.72%	8.63%
SCHG Schwab U.S. Large-Cap Growth ETF	0.43%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Drawdowns

NWHQX vs. SCHG - Drawdown Comparison

The maximum NWHQX drawdown since its inception was -42.61%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for NWHQX and SCHG.

Drawdown Indicators

	NWHQX	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-42.61%	-34.59%	-8.02%
Max Drawdown (1Y) Largest decline over 1 year	-21.34%	-16.41%	-4.93%
Max Drawdown (5Y) Largest decline over 5 years	-42.61%	-34.59%	-8.02%
Max Drawdown (10Y) Largest decline over 10 years	-42.61%	-34.59%	-8.02%
Current Drawdown Current decline from peak	-21.34%	-13.34%	-8.00%
Average Drawdown Average peak-to-trough decline	-7.14%	-5.22%	-1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.74%	4.78%	+1.96%

Volatility

NWHQX vs. SCHG - Volatility Comparison

Nationwide Bailard Technology and Science Fund (NWHQX) and Schwab U.S. Large-Cap Growth ETF (SCHG) have volatilities of 6.95% and 6.67%, 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

	NWHQX	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.95%	6.67%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	16.65%	12.51%	+4.14%
Volatility (1Y) Calculated over the trailing 1-year period	27.22%	22.43%	+4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.24%	22.32%	+3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.06%	21.51%	+3.55%