NWISX vs. FRQKX

Last updated Aug 6, 2026

NWISX (Nationwide Destination 2030 Fund) and FRQKX (Fidelity Managed Retirement 2010 Fund Class K) are both Target Retirement Date funds. Their correlation of 0.84 means they have usually moved in the same direction. NWISX charges 0.38%/yr vs 0.36%/yr for FRQKX.

Performance

NWISX vs. FRQKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Destination 2030 Fund (NWISX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NWISX

• 1D: 1.12%
• 1M: 1.01%
• 6M: 6.19%
• YTD: 7.84%
• 1Y: 14.56%
• 3Y*: 12.40%
• 5Y*: 5.52%
• 10Y*: 7.31%
• ALL TIME*: 5.86%

FRQKX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
NWISX Nationwide Destination 2030 Fund	$0.00	$0.00	$0.00

NWISX vs. FRQKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NWISX Nationwide Destination 2030 Fund	7.84%	14.63%	8.73%	15.11%	-16.85%	11.16%	12.13%	3.24%
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.66%	9.91%	4.42%	8.62%	-12.30%	3.95%	9.68%	3.94%

Correlation

The correlation between NWISX and FRQKX is 0.82, 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.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.84

The correlation between NWISX and FRQKX has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

Return for Risk

NWISX vs. FRQKX — Risk / Return Rank

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

NWISX

NWISX Risk / Return Rank: 62
NWISX Sharpe Ratio Rank: 61
NWISX Sortino Ratio Rank: 63
NWISX Omega Ratio Rank: 59
NWISX Calmar Ratio Rank: 55
NWISX Martin Ratio Rank: 70

FRQKX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

NWISX vs. FRQKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2030 Fund (NWISX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). 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.

	NWISX	FRQKX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.55	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.32	—	—
Martin ratio: Return relative to average drawdown	10.27	—	—

Drawdowns

Drawdown Indicators

	NWISX	FRQKX	Difference
Max Drawdown Largest peak-to-trough decline	-49.97%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.25%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.31%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-7.87%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.41%	—	—

Volatility

Volatility by Period

	NWISX	FRQKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.21%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.50%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.81%	—	—

NWISX vs. FRQKX - Expense Ratio Comparison

NWISX has a 0.38% expense ratio, which is higher than FRQKX's 0.36% expense ratio.

Dividends

NWISX vs. FRQKX - Dividend Comparison

NWISX's dividend yield for the trailing twelve months is around 6.91%, more than FRQKX's 2.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRQKX Fidelity Managed Retirement 2010 Fund Class K	2.96%	3.09%	2.91%	2.86%	5.12%	6.11%	3.61%	2.57%	0.00%	0.00%	0.00%	0.00%
NWISX Nationwide Destination 2030 Fund	6.91%	7.48%	13.04%	7.29%	3.01%	9.66%	5.40%	6.21%	11.67%	7.96%	7.01%	5.09%

Frequently Asked Questions

Can I hold both NWISX and FRQKX in my portfolio?

NWISX and FRQKX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.