NWJCX vs. QQQ
NWJCX (Nationwide NYSE Arca Tech 100 Index Fund) and QQQ (Invesco QQQ ETF) are both funds - NWJCX is a Technology Equities fund managed by Nationwide, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, NWJCX returned 18.50%/yr vs 20.44%/yr for QQQ. Their correlation of 0.91 means they have usually moved in the same direction. NWJCX charges 0.65%/yr vs 0.18%/yr for QQQ.
Performance
NWJCX vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, NWJCX achieves a 20.98% return, which is significantly higher than QQQ's 12.26% return. Over the past 10 years, NWJCX has underperformed QQQ with an annualized return of 18.50%, while QQQ has yielded a comparatively higher 20.44% annualized return.
NWJCX
- 1D
- 3.70%
- 1M
- -2.18%
- 6M
- 14.37%
- YTD
- 20.98%
- 1Y
- 35.40%
- 3Y*
- 25.29%
- 5Y*
- 15.00%
- 10Y*
- 18.50%
- ALL TIME*
- 16.66%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $30.32B | $28.40B | $31.45B |
NWJCX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWJCX Nationwide NYSE Arca Tech 100 Index Fund | 20.98% | 19.96% | 18.77% | 41.70% | -21.56% | 25.46% | 24.25% | 33.67% | 0.51% | 31.31% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between NWJCX and QQQ is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
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 QQQ has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
NWJCX vs. QQQ — Risk / Return Rank
NWJCX
QQQ
NWJCX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 1.88 | +1.32 |
| Martin ratioReturn relative to average drawdown | 10.22 | 6.00 | +4.22 |
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Drawdowns
NWJCX vs. QQQ - Drawdown Comparison
The maximum NWJCX drawdown since its inception was -31.31%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for NWJCX and QQQ.
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Drawdown Indicators
| NWJCX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.31% | -82.97% | +51.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.18% | -11.96% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -21.21% | -22.77% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -31.31% | -35.12% | +3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -31.31% | -35.12% | +3.81% |
Current DrawdownCurrent decline from peak | -6.43% | -7.69% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -32.62% | +27.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 3.74% | -0.55% |
Volatility
NWJCX vs. QQQ - Volatility Comparison
Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) has a higher volatility of 7.24% compared to Invesco QQQ ETF (QQQ) at 6.87%. This indicates that NWJCX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWJCX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 6.87% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 16.08% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.45% | 19.38% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.14% | 22.90% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 22.50% | -0.79% |
NWJCX vs. QQQ - Expense Ratio Comparison
NWJCX has a 0.65% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
NWJCX vs. QQQ - Dividend Comparison
NWJCX's dividend yield for the trailing twelve months is around 3.55%, more than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWJCX Nationwide NYSE Arca Tech 100 Index Fund | 3.55% | 4.27% | 31.15% | 11.59% | 17.83% | 8.74% | 5.04% | 1.98% | 2.59% | 3.94% | 0.74% | 0.64% |
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
With a correlation of 0.90, NWJCX and QQQ 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.
NWJCX has higher volatility (7.24%) compared to QQQ (6.87%). In terms of maximum drawdown, NWJCX dropped -31.31% vs QQQ's -82.97%.
NWJCX currently has the higher Sharpe Ratio (1.52 vs 1.16), 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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