NWHVX vs. NEEIX
NWHVX (Nationwide Geneva Mid Cap Growth Fund) and NEEIX (Needham Growth Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, NWHVX returned -0.05%/yr vs 10.28%/yr for NEEIX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. NWHVX charges 1.07%/yr vs 1.21%/yr for NEEIX.
Performance
NWHVX vs. NEEIX - Performance Comparison
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Returns By Period
In the year-to-date period, NWHVX achieves a -1.49% return, which is significantly lower than NEEIX's 35.91% return.
NWHVX
- 1D
- 0.38%
- 1M
- -0.19%
- 6M
- -1.31%
- YTD
- -1.49%
- 1Y
- -5.83%
- 3Y*
- 4.42%
- 5Y*
- -0.05%
- 10Y*
- 8.94%
- ALL TIME*
- 8.34%
NEEIX
- 1D
- 0.82%
- 1M
- -9.25%
- 6M
- 17.09%
- YTD
- 35.91%
- 1Y
- 53.25%
- 3Y*
- 19.26%
- 5Y*
- 10.28%
- 10Y*
- —
- ALL TIME*
- 15.07%
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 |
NWHVX vs. NEEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWHVX Nationwide Geneva Mid Cap Growth Fund | -1.49% | -2.38% | 9.89% | 23.84% | -28.32% | 25.03% | 31.17% | 29.96% | -2.97% | 23.11% |
NEEIX Needham Growth Fund Institutional Class | 35.91% | 9.32% | 19.26% | 27.30% | -33.26% | 28.13% | 42.39% | 43.15% | -10.13% | 8.47% |
Correlation
The correlation between NWHVX and NEEIX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.77 |
Over the past year, the correlation between NWHVX and NEEIX has dropped to 0.49 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
NWHVX vs. NEEIX — Risk / Return Rank
NWHVX
NEEIX
NWHVX vs. NEEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Geneva Mid Cap Growth Fund (NWHVX) and Needham Growth Fund Institutional Class (NEEIX). 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 | NEEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.27 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 2.21 | -2.61 |
| Martin ratioReturn relative to average drawdown | -0.85 | 9.05 | -9.90 |
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Drawdowns
NWHVX vs. NEEIX - Drawdown Comparison
The maximum NWHVX drawdown since its inception was -37.12%, smaller than the maximum NEEIX drawdown of -43.11%. Use the drawdown chart below to compare losses from any high point for NWHVX and NEEIX.
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Drawdown Indicators
| NWHVX | NEEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.12% | -43.11% | +5.99% |
Max Drawdown (1Y)Largest decline over 1 year | -17.02% | -23.12% | +6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -36.13% | +16.33% |
Max Drawdown (5Y)Largest decline over 5 years | -37.12% | -43.11% | +5.99% |
Max Drawdown (10Y)Largest decline over 10 years | -37.12% | — | — |
Current DrawdownCurrent decline from peak | -10.84% | -17.95% | +7.11% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -10.83% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.14% | 5.64% | +2.50% |
Volatility
NWHVX vs. NEEIX - Volatility Comparison
The current volatility for Nationwide Geneva Mid Cap Growth Fund (NWHVX) is 4.10%, while Needham Growth Fund Institutional Class (NEEIX) has a volatility of 12.55%. This indicates that NWHVX experiences smaller price fluctuations and is considered to be less risky than NEEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWHVX | NEEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 12.55% | -8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 26.85% | -14.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 32.46% | -17.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 29.42% | -9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.66% | 26.31% | -6.65% |
NWHVX vs. NEEIX - Expense Ratio Comparison
NWHVX has a 1.07% expense ratio, which is lower than NEEIX's 1.21% expense ratio.
Dividends
NWHVX vs. NEEIX - Dividend Comparison
NWHVX's dividend yield for the trailing twelve months is around 8.08%, more than NEEIX's 5.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEEIX Needham Growth Fund Institutional Class | 5.27% | 7.16% | 7.48% | 0.00% | 1.72% | 6.70% | 5.58% | 11.09% | 17.58% | 9.64% | 0.00% | 0.00% |
NWHVX Nationwide Geneva Mid Cap Growth Fund | 8.08% | 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 NEEIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEEIX has higher volatility (12.55%) compared to NWHVX (4.10%). In terms of maximum drawdown, NWHVX dropped -37.12% vs NEEIX's -43.11%.
NEEIX currently has the higher Sharpe Ratio (1.58 vs -0.46), 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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