NWHVX vs. MUIFX
NWHVX (Nationwide Geneva Mid Cap Growth Fund) and MUIFX (Nationwide Fund) are both mutual funds - NWHVX is a Mid Cap Growth Equities fund managed by Nationwide, while MUIFX is a Large Cap Blend Equities fund managed by Nationwide. Over the past 10 years, NWHVX returned 8.80%/yr vs 13.47%/yr for MUIFX. Their correlation of 0.86 means they have usually moved in the same direction. NWHVX charges 1.07%/yr vs 0.65%/yr for MUIFX.
Performance
NWHVX vs. MUIFX - Performance Comparison
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Returns By Period
In the year-to-date period, NWHVX achieves a -1.87% return, which is significantly lower than MUIFX's 5.46% return. Over the past 10 years, NWHVX has underperformed MUIFX with an annualized return of 8.80%, while MUIFX has yielded a comparatively higher 13.47% annualized return.
NWHVX
- 1D
- -0.57%
- 1M
- -0.57%
- 6M
- -1.59%
- YTD
- -1.87%
- 1Y
- -6.19%
- 3Y*
- 4.21%
- 5Y*
- -0.12%
- 10Y*
- 8.80%
- ALL TIME*
- 8.31%
MUIFX
- 1D
- 1.92%
- 1M
- -0.78%
- 6M
- 4.00%
- YTD
- 5.46%
- 1Y
- 13.91%
- 3Y*
- 15.72%
- 5Y*
- 9.90%
- 10Y*
- 13.47%
- ALL TIME*
- 9.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MUIFX Nationwide Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
NWHVX vs. MUIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWHVX Nationwide Geneva Mid Cap Growth Fund | -1.87% | -2.38% | 9.89% | 23.84% | -28.32% | 25.03% | 31.17% | 29.96% | -2.97% | 23.11% |
MUIFX Nationwide Fund | 5.46% | 14.21% | 21.61% | 25.72% | -19.09% | 25.37% | 22.59% | 30.95% | -6.06% | 19.79% |
Correlation
The correlation between NWHVX and MUIFX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013 | 0.86 |
Over the past year, the correlation between NWHVX and MUIFX has dropped to 0.65 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
NWHVX vs. MUIFX — Risk / Return Rank
NWHVX
MUIFX
NWHVX vs. MUIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Geneva Mid Cap Growth Fund (NWHVX) and Nationwide Fund (MUIFX). 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.
| NWHVX | MUIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.17 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 1.16 | -1.65 |
| Martin ratioReturn relative to average drawdown | -1.02 | 4.66 | -5.68 |
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Drawdowns
NWHVX vs. MUIFX - Drawdown Comparison
The maximum NWHVX drawdown since its inception was -37.12%, smaller than the maximum MUIFX drawdown of -58.31%. Use the drawdown chart below to compare losses from any high point for NWHVX and MUIFX.
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Drawdown Indicators
| NWHVX | MUIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.12% | -58.31% | +21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -17.02% | -10.27% | -6.75% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -18.71% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -37.12% | -25.44% | -11.68% |
Max Drawdown (10Y)Largest decline over 10 years | -37.12% | -34.37% | -2.75% |
Current DrawdownCurrent decline from peak | -11.17% | -2.74% | -8.43% |
Average DrawdownAverage peak-to-trough decline | -7.88% | -9.16% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.32% | 2.56% | +5.76% |
Volatility
NWHVX vs. MUIFX - Volatility Comparison
Nationwide Geneva Mid Cap Growth Fund (NWHVX) has a higher volatility of 4.12% compared to Nationwide Fund (MUIFX) at 3.79%. This indicates that NWHVX's price experiences larger fluctuations and is considered to be riskier than MUIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWHVX | MUIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 3.79% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.01% | 10.31% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 12.86% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 17.51% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.66% | 18.31% | +1.35% |
NWHVX vs. MUIFX - Expense Ratio Comparison
NWHVX has a 1.07% expense ratio, which is higher than MUIFX's 0.65% expense ratio.
Dividends
NWHVX vs. MUIFX - Dividend Comparison
NWHVX's dividend yield for the trailing twelve months is around 8.11%, less than MUIFX's 25.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUIFX Nationwide Fund | 25.00% | 26.23% | 11.10% | 3.28% | 4.19% | 14.53% | 3.15% | 2.94% | 27.39% | 9.55% | 4.40% | 3.85% |
NWHVX Nationwide Geneva Mid Cap Growth Fund | 8.11% | 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
NWHVX and MUIFX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWHVX has higher volatility (4.12%) compared to MUIFX (3.79%). In terms of maximum drawdown, NWHVX dropped -37.12% vs MUIFX's -58.31%.
MUIFX currently has the higher Sharpe Ratio (0.93 vs -0.55), 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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