NWISX vs. NWHQX

Last updated Jun 25, 2026

NWISX (Nationwide Destination 2030 Fund) and NWHQX (Nationwide Bailard Technology and Science Fund) are both mutual funds - NWISX is a Target Retirement Date fund managed by Nationwide, while NWHQX is a Technology Equities fund managed by Nationwide. Over the past 10 years, NWISX returned 7.68%/yr vs 21.49%/yr for NWHQX. Their correlation of 0.81 suggests significant overlap in exposure. NWISX charges 0.38%/yr vs 0.92%/yr for NWHQX.

Performance

NWISX vs. NWHQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Destination 2030 Fund (NWISX) and Nationwide Bailard Technology and Science Fund (NWHQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWISX achieves a 5.40% return, which is significantly lower than NWHQX's 17.64% return. Over the past 10 years, NWISX has underperformed NWHQX with an annualized return of 7.68%, while NWHQX has yielded a comparatively higher 21.49% annualized return.

NWISX

• 1D: -1.12%
• 1M: 0.00%
• YTD: 5.40%
• 6M: 4.78%
• 1Y: 14.13%
• 3Y*: 12.13%
• 5Y*: 5.33%
• 10Y*: 7.68%

NWHQX

• 1D: -4.25%
• 1M: 2.58%
• YTD: 17.64%
• 6M: 15.89%
• 1Y: 28.99%
• 3Y*: 27.97%
• 5Y*: 13.87%
• 10Y*: 21.49%

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

NWISX vs. NWHQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWISX Nationwide Destination 2030 Fund	5.40%	14.63%	8.73%	15.11%	-16.85%	11.16%	12.13%	17.47%	-7.35%	14.17%
NWHQX Nationwide Bailard Technology and Science Fund	17.64%	18.58%	26.23%	63.66%	-37.23%	19.21%	50.97%	38.91%	-3.16%	38.22%

Correlation

The correlation between NWISX and NWHQX is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013	0.81

The correlation between NWISX and NWHQX has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

Return for Risk

NWISX vs. NWHQX — Risk / Return Rank

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

NWISX

NWISX Risk / Return Rank: 57
NWISX Sharpe Ratio Rank: 56
NWISX Sortino Ratio Rank: 58
NWISX Omega Ratio Rank: 55
NWISX Calmar Ratio Rank: 52
NWISX Martin Ratio Rank: 65

NWHQX

NWHQX Risk / Return Rank: 24
NWHQX Sharpe Ratio Rank: 28
NWHQX Sortino Ratio Rank: 24
NWHQX Omega Ratio Rank: 26
NWHQX Calmar Ratio Rank: 21
NWHQX Martin Ratio Rank: 20

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.

NWISX vs. NWHQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2030 Fund (NWISX) and Nationwide Bailard Technology and Science Fund (NWHQX). 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	NWHQX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.34	+0.55
Sortino ratio: Return per unit of downside risk	2.71	1.80	+0.90
Omega ratio: Gain probability vs. loss probability	1.35	1.24	+0.11
Calmar ratio: Return relative to maximum drawdown	2.48	1.50	+0.98
Martin ratio: Return relative to average drawdown	11.09	4.42	+6.68

NWISX vs. NWHQX - Sharpe Ratio Comparison

The current NWISX Sharpe Ratio is 1.89, which is higher than the NWHQX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of NWISX and NWHQX, 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

NWISX vs. NWHQX - Drawdown Comparison

The maximum NWISX drawdown since its inception was -49.97%, which is greater than NWHQX's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for NWISX and NWHQX.

Drawdown Indicators

	NWISX	NWHQX	Difference
Max Drawdown Largest peak-to-trough decline	-49.97%	-42.61%	-7.36%
Max Drawdown (1Y) Largest decline over 1 year	-6.12%	-21.34%	+15.22%
Max Drawdown (3Y) Largest decline over 3 years	-8.79%	-26.48%	+17.69%
Max Drawdown (5Y) Largest decline over 5 years	-28.31%	-42.61%	+14.30%
Max Drawdown (10Y) Largest decline over 10 years	-28.31%	-42.61%	+14.30%
Current Drawdown Current decline from peak	-1.45%	-5.91%	+4.46%
Average Drawdown Average peak-to-trough decline	-7.91%	-7.10%	-0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	7.23%	-5.87%

Volatility

NWISX vs. NWHQX - Volatility Comparison

The current volatility for Nationwide Destination 2030 Fund (NWISX) is 3.32%, while Nationwide Bailard Technology and Science Fund (NWHQX) has a volatility of 12.15%. This indicates that NWISX experiences smaller price fluctuations and is considered to be less risky than NWHQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWISX	NWHQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	12.15%	-8.83%
Volatility (6M) Calculated over the trailing 6-month period	6.78%	19.69%	-12.91%
Volatility (1Y) Calculated over the trailing 1-year period	8.03%	23.87%	-15.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.48%	26.78%	-15.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.84%	25.40%	-13.56%

NWISX vs. NWHQX - Expense Ratio Comparison

NWISX has a 0.38% expense ratio, which is lower than NWHQX's 0.92% expense ratio.

Dividends

NWISX vs. NWHQX - Dividend Comparison

NWISX's dividend yield for the trailing twelve months is around 6.89%, less than NWHQX's 9.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWHQX Nationwide Bailard Technology and Science Fund	9.95%	11.71%	12.90%	6.49%	11.34%	17.51%	11.54%	7.38%	17.44%	10.29%	7.72%	8.63%
NWISX Nationwide Destination 2030 Fund	6.89%	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 NWHQX in my portfolio?

NWISX and NWHQX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWISX or NWHQX?

NWHQX has higher volatility (12.15%) compared to NWISX (3.32%). In terms of maximum drawdown, NWISX dropped -49.97% vs NWHQX's -42.61%.

Which has better risk-adjusted returns?

NWISX currently has the higher Sharpe Ratio (1.89 vs 1.34), 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.