NWJCX vs. FNCMX

Last updated Jun 23, 2026

NWJCX (Nationwide NYSE Arca Tech 100 Index Fund) and FNCMX (Fidelity NASDAQ Composite Index Fund) are both mutual funds - NWJCX is a Technology Equities fund managed by Nationwide, while FNCMX is a Large Cap Growth Equities fund tracking the Nasdaq Composite Index. Over the past 10 years, NWJCX returned 19.97%/yr vs 19.45%/yr for FNCMX. Their correlation of 0.93 suggests significant overlap in exposure. NWJCX charges 0.65%/yr vs 0.29%/yr for FNCMX.

Performance

NWJCX vs. FNCMX - Performance Comparison

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

Returns By Period

In the year-to-date period, NWJCX achieves a 28.26% return, which is significantly higher than FNCMX's 14.44% return. Both investments have delivered pretty close results over the past 10 years, with NWJCX having a 19.97% annualized return and FNCMX not far behind at 19.45%.

NWJCX

• 1D: 1.83%
• 1M: 6.63%
• YTD: 28.26%
• 6M: 26.64%
• 1Y: 48.72%
• 3Y*: 29.42%
• 5Y*: 17.52%
• 10Y*: 19.97%

FNCMX

• 1D: 1.91%
• 1M: 0.76%
• YTD: 14.44%
• 6M: 13.53%
• 1Y: 37.23%
• 3Y*: 25.62%
• 5Y*: 14.53%
• 10Y*: 19.45%

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

NWJCX vs. FNCMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWJCX Nationwide NYSE Arca Tech 100 Index Fund	28.26%	19.96%	18.77%	41.70%	-21.56%	25.46%	24.25%	33.67%	0.51%	31.31%
FNCMX Fidelity NASDAQ Composite Index Fund	14.44%	21.11%	29.48%	45.13%	-32.40%	22.21%	44.57%	36.63%	-3.07%	28.35%

Correlation

The correlation between NWJCX and FNCMX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013	0.93

The correlation between NWJCX and FNCMX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.

Return for Risk

NWJCX vs. FNCMX — Risk / Return Rank

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

NWJCX

NWJCX Risk / Return Rank: 81
NWJCX Sharpe Ratio Rank: 82
NWJCX Sortino Ratio Rank: 70
NWJCX Omega Ratio Rank: 68
NWJCX Calmar Ratio Rank: 93
NWJCX Martin Ratio Rank: 92

FNCMX

FNCMX Risk / Return Rank: 56
FNCMX Sharpe Ratio Rank: 61
FNCMX Sortino Ratio Rank: 51
FNCMX Omega Ratio Rank: 53
FNCMX Calmar Ratio Rank: 59
FNCMX Martin Ratio Rank: 57

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.

NWJCX vs. FNCMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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	FNCMX	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.11	+0.35
Sortino ratio: Return per unit of downside risk	3.16	2.77	+0.39
Omega ratio: Gain probability vs. loss probability	1.42	1.37	+0.05
Calmar ratio: Return relative to maximum drawdown	4.74	2.82	+1.92
Martin ratio: Return relative to average drawdown	17.82	10.74	+7.07

NWJCX vs. FNCMX - Sharpe Ratio Comparison

The current NWJCX Sharpe Ratio is 2.46, which is comparable to the FNCMX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of NWJCX and FNCMX, 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. FNCMX - Drawdown Comparison

The maximum NWJCX drawdown since its inception was -31.31%, smaller than the maximum FNCMX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for NWJCX and FNCMX.

Drawdown Indicators

	NWJCX	FNCMX	Difference
Max Drawdown Largest peak-to-trough decline	-31.31%	-55.08%	+23.77%
Max Drawdown (1Y) Largest decline over 1 year	-10.18%	-13.01%	+2.83%
Max Drawdown (3Y) Largest decline over 3 years	-21.21%	-24.20%	+2.99%
Max Drawdown (5Y) Largest decline over 5 years	-31.31%	-35.64%	+4.33%
Max Drawdown (10Y) Largest decline over 10 years	-31.31%	-35.64%	+4.33%
Current Drawdown Current decline from peak	-0.12%	-2.04%	+1.92%
Average Drawdown Average peak-to-trough decline	-5.10%	-7.85%	+2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	3.41%	-0.71%

Volatility

NWJCX vs. FNCMX - Volatility Comparison

Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) has a higher volatility of 9.33% compared to Fidelity NASDAQ Composite Index Fund (FNCMX) at 7.38%. This indicates that NWJCX's price experiences larger fluctuations and is considered to be riskier than FNCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWJCX	FNCMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.33%	7.38%	+1.95%
Volatility (6M) Calculated over the trailing 6-month period	16.62%	13.80%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	19.63%	17.40%	+2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.82%	22.64%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.63%	22.14%	-0.51%

NWJCX vs. FNCMX - Expense Ratio Comparison

NWJCX has a 0.65% expense ratio, which is higher than FNCMX's 0.29% expense ratio.

Dividends

NWJCX vs. FNCMX - Dividend Comparison

NWJCX's dividend yield for the trailing twelve months is around 3.35%, more than FNCMX's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNCMX Fidelity NASDAQ Composite Index Fund	0.45%	0.51%	0.61%	0.67%	0.88%	0.47%	0.67%	4.41%	1.93%	0.03%	1.01%	1.50%
NWJCX Nationwide NYSE Arca Tech 100 Index Fund	3.35%	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 FNCMX in my portfolio?

NWJCX and FNCMX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWJCX or FNCMX?

NWJCX has higher volatility (9.33%) compared to FNCMX (7.38%). In terms of maximum drawdown, NWJCX dropped -31.31% vs FNCMX's -55.08%.

Which has better risk-adjusted returns?

NWJCX currently has the higher Sharpe Ratio (2.46 vs 2.11), 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.