Correlation
The correlation between NWJCX and FNCMX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
NWJCX vs. FNCMX
Compare and contrast key facts about Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) and Fidelity NASDAQ Composite Index Fund (FNCMX).
NWJCX is managed by Nationwide. It was launched on Jun 9, 1996. FNCMX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NWJCX or FNCMX.
Performance
NWJCX vs. FNCMX - Performance Comparison
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Key characteristics
NWJCX:
-0.46
FNCMX:
0.57
NWJCX:
-0.46
FNCMX:
0.87
NWJCX:
0.91
FNCMX:
1.12
NWJCX:
-0.43
FNCMX:
0.54
NWJCX:
-0.93
FNCMX:
1.75
NWJCX:
18.72%
FNCMX:
7.42%
NWJCX:
33.50%
FNCMX:
26.13%
NWJCX:
-40.90%
FNCMX:
-55.08%
NWJCX:
-27.57%
FNCMX:
-5.04%
Returns By Period
In the year-to-date period, NWJCX achieves a 2.10% return, which is significantly higher than FNCMX's -0.79% return. Over the past 10 years, NWJCX has underperformed FNCMX with an annualized return of 6.30%, while FNCMX has yielded a comparatively higher 15.20% annualized return.
NWJCX
2.10%
7.64%
-23.73%
-15.37%
-1.69%
1.73%
6.30%
FNCMX
-0.79%
9.65%
-0.27%
14.89%
17.59%
15.99%
15.20%
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NWJCX vs. FNCMX - Expense Ratio Comparison
NWJCX has a 0.65% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Risk-Adjusted Performance
NWJCX vs. FNCMX — Risk-Adjusted Performance Rank
NWJCX
FNCMX
NWJCX vs. FNCMX - Risk-Adjusted Performance 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.
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Dividends
NWJCX vs. FNCMX - Dividend Comparison
NWJCX's dividend yield for the trailing twelve months is around 0.42%, less than FNCMX's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWJCX Nationwide NYSE Arca Tech 100 Index Fund | 0.42% | 0.47% | 6.05% | 17.83% | 8.74% | 5.04% | 1.98% | 2.74% | 3.94% | 0.74% | 0.64% | 0.61% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.61% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.73% | 1.01% | 1.54% | 1.30% |
Drawdowns
NWJCX vs. FNCMX - Drawdown Comparison
The maximum NWJCX drawdown since its inception was -40.90%, 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.
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Volatility
NWJCX vs. FNCMX - Volatility Comparison
Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) and Fidelity NASDAQ Composite Index Fund (FNCMX) have volatilities of 5.72% and 6.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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