NWJCX vs. BOGSX

Last updated Aug 4, 2026

NWJCX (Nationwide NYSE Arca Tech 100 Index Fund) and BOGSX (Black Oak Emerging Technology Fund) are both Technology Equities funds. Over the past 10 years, NWJCX returned 18.59%/yr vs 16.04%/yr for BOGSX. Their correlation of 0.91 means they have usually moved in the same direction. NWJCX charges 0.65%/yr vs 1.03%/yr for BOGSX.

Performance

NWJCX vs. BOGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) and Black Oak Emerging Technology Fund (BOGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWJCX achieves a 21.45% return, which is significantly lower than BOGSX's 30.67% return. Over the past 10 years, NWJCX has outperformed BOGSX with an annualized return of 18.59%, while BOGSX has yielded a comparatively lower 16.04% annualized return.

NWJCX

• 1D: 0.38%
• 1M: -1.80%
• 6M: 13.77%
• YTD: 21.45%
• 1Y: 35.92%
• 3Y*: 25.44%
• 5Y*: 15.08%
• 10Y*: 18.59%
• ALL TIME*: 16.69%

BOGSX

• 1D: 0.85%
• 1M: -7.63%
• 6M: 23.55%
• YTD: 30.67%
• 1Y: 42.74%
• 3Y*: 18.69%
• 5Y*: 10.57%
• 10Y*: 16.04%
• ALL TIME*: 2.85%

*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)
BOGSX Black Oak Emerging Technology Fund	$0.00	$0.00	$0.00
NWJCX Nationwide NYSE Arca Tech 100 Index Fund	$0.00	$0.00	$0.00

NWJCX vs. BOGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWJCX Nationwide NYSE Arca Tech 100 Index Fund	21.45%	19.96%	18.77%	41.70%	-21.56%	25.46%	24.25%	33.67%	0.51%	31.31%
BOGSX Black Oak Emerging Technology Fund	30.67%	19.06%	9.25%	17.79%	-27.30%	26.89%	45.16%	38.20%	-4.94%	19.05%

Correlation

The correlation between NWJCX and BOGSX is 0.93, 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.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013	0.91

The correlation between NWJCX and BOGSX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

NWJCX vs. BOGSX — Risk / Return Rank

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

NWJCX

NWJCX Risk / Return Rank: 67
NWJCX Sharpe Ratio Rank: 61
NWJCX Sortino Ratio Rank: 54
NWJCX Omega Ratio Rank: 50
NWJCX Calmar Ratio Rank: 88
NWJCX Martin Ratio Rank: 82

BOGSX

BOGSX Risk / Return Rank: 56
BOGSX Sharpe Ratio Rank: 58
BOGSX Sortino Ratio Rank: 49
BOGSX Omega Ratio Rank: 47
BOGSX Calmar Ratio Rank: 60
BOGSX Martin Ratio Rank: 67

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.

NWJCX vs. BOGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) and Black Oak Emerging Technology Fund (BOGSX). 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.

	NWJCX	BOGSX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.55	+0.04
Sortino ratio: Return per unit of downside risk	2.18	2.08	+0.09
Omega ratio: Gain probability vs. loss probability	1.27	1.26	+0.01
Calmar ratio: Return relative to maximum drawdown	3.35	2.21	+1.13
Martin ratio: Return relative to average drawdown	10.62	8.97	+1.65

NWJCX vs. BOGSX - Sharpe Ratio Comparison

The current NWJCX Sharpe Ratio is 1.59, which is comparable to the BOGSX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of NWJCX and BOGSX, 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

NWJCX vs. BOGSX - Drawdown Comparison

The maximum NWJCX drawdown since its inception was -31.31%, smaller than the maximum BOGSX drawdown of -92.80%. Use the drawdown chart below to compare losses from any high point for NWJCX and BOGSX.

Drawdown Indicators

	NWJCX	BOGSX	Difference
Max Drawdown Largest peak-to-trough decline	-31.31%	-92.80%	+61.49%
Max Drawdown (1Y) Largest decline over 1 year	-10.18%	-18.66%	+8.48%
Max Drawdown (3Y) Largest decline over 3 years	-21.21%	-24.78%	+3.57%
Max Drawdown (5Y) Largest decline over 5 years	-31.31%	-33.93%	+2.62%
Max Drawdown (10Y) Largest decline over 10 years	-31.31%	-33.93%	+2.62%
Current Drawdown Current decline from peak	-6.07%	-13.97%	+7.90%
Average Drawdown Average peak-to-trough decline	-5.10%	-58.62%	+53.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	4.60%	-1.39%

Volatility

NWJCX vs. BOGSX - Volatility Comparison

The current volatility for Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) is 6.99%, while Black Oak Emerging Technology Fund (BOGSX) has a volatility of 11.44%. This indicates that NWJCX experiences smaller price fluctuations and is considered to be less risky than BOGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWJCX	BOGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.99%	11.44%	-4.45%
Volatility (6M) Calculated over the trailing 6-month period	18.10%	22.57%	-4.47%
Volatility (1Y) Calculated over the trailing 1-year period	21.44%	26.70%	-5.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.14%	26.13%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.71%	25.01%	-3.30%

NWJCX vs. BOGSX - Expense Ratio Comparison

NWJCX has a 0.65% expense ratio, which is lower than BOGSX's 1.03% expense ratio.

Dividends

NWJCX vs. BOGSX - Dividend Comparison

NWJCX's dividend yield for the trailing twelve months is around 3.53%, less than BOGSX's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOGSX Black Oak Emerging Technology Fund	4.41%	5.76%	7.96%	3.79%	1.87%	11.31%	6.30%	5.47%	11.71%	7.71%	4.00%	3.09%
NWJCX Nationwide NYSE Arca Tech 100 Index Fund	3.53%	4.27%	31.15%	11.59%	17.83%	8.74%	5.04%	1.98%	2.59%	3.94%	0.74%	0.64%

Frequently Asked Questions

Can I hold both NWJCX and BOGSX in my portfolio?

With a correlation of 0.93, NWJCX and BOGSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NWJCX or BOGSX?

BOGSX has higher volatility (11.44%) compared to NWJCX (6.99%). In terms of maximum drawdown, NWJCX dropped -31.31% vs BOGSX's -92.80%.

Which has better risk-adjusted returns?

NWJCX currently has the higher Sharpe Ratio (1.59 vs 1.55), 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.