NWJCX vs. GOOG
NWJCX (Nationwide NYSE Arca Tech 100 Index Fund) is Technology Equities fund managed by Nationwide, while GOOG (Alphabet Inc) is a stock. Over the past 10 years, NWJCX returned 20.36%/yr vs 26.32%/yr for GOOG. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
NWJCX vs. GOOG - Performance Comparison
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Returns By Period
In the year-to-date period, NWJCX achieves a 28.90% return, which is significantly higher than GOOG's 10.43% return. Over the past 10 years, NWJCX has underperformed GOOG with an annualized return of 20.36%, while GOOG has yielded a comparatively higher 26.32% annualized return.
NWJCX
- 1D
- 0.50%
- 1M
- 7.16%
- YTD
- 28.90%
- 6M
- 27.17%
- 1Y
- 47.82%
- 3Y*
- 30.73%
- 5Y*
- 17.30%
- 10Y*
- 20.36%
GOOG
- 1D
- -0.77%
- 1M
- -8.72%
- YTD
- 10.43%
- 6M
- 9.77%
- 1Y
- 109.06%
- 3Y*
- 41.58%
- 5Y*
- 22.36%
- 10Y*
- 26.32%
NWJCX vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWJCX Nationwide NYSE Arca Tech 100 Index Fund | 28.90% | 19.96% | 18.77% | 41.70% | -21.56% | 25.46% | 24.25% | 33.67% | 0.51% | 31.31% |
GOOG Alphabet Inc | 10.43% | 65.42% | 35.62% | 58.83% | -38.67% | 65.17% | 31.03% | 29.10% | -1.03% | 35.58% |
Correlation
The correlation between NWJCX and GOOG is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2014 | 0.64 |
The correlation between NWJCX and GOOG shifts across timeframes, from 0.46 (1 year) to 0.65 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
NWJCX vs. GOOG — Risk / Return Rank
NWJCX
GOOG
NWJCX vs. GOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) and Alphabet Inc (GOOG). 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 | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.61 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.88 | 5.29 | -0.40 |
| Martin ratioReturn relative to average drawdown | 18.35 | 18.13 | +0.21 |
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Drawdowns
NWJCX vs. GOOG - Drawdown Comparison
The maximum NWJCX drawdown since its inception was -31.31%, smaller than the maximum GOOG drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for NWJCX and GOOG.
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Drawdown Indicators
| NWJCX | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.31% | -44.60% | +13.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.18% | -20.75% | +10.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.21% | -29.35% | +8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -31.31% | -44.60% | +13.29% |
Max Drawdown (10Y)Largest decline over 10 years | -31.31% | -44.60% | +13.29% |
Current DrawdownCurrent decline from peak | 0.00% | -13.22% | +13.22% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -8.89% | +3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 6.04% | -3.34% |
Volatility
NWJCX vs. GOOG - Volatility Comparison
Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) and Alphabet Inc (GOOG) have volatilities of 9.19% and 9.65%, 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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Volatility by Period
| NWJCX | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 9.65% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 21.01% | -4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.64% | 29.12% | -9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.83% | 31.31% | -9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 29.07% | -7.44% |
Dividends
NWJCX vs. GOOG - Dividend Comparison
NWJCX's dividend yield for the trailing twelve months is around 3.33%, more than GOOG's 0.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 0.25% | 0.26% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NWJCX Nationwide NYSE Arca Tech 100 Index Fund | 3.33% | 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
NWJCX and GOOG have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOG has higher volatility (9.65%) compared to NWJCX (9.19%). In terms of maximum drawdown, NWJCX dropped -31.31% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (3.77 vs 2.54), 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.
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