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NWJJX vs. FEDUX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NWJJX vs. FEDUX

Last updated Jun 23, 2026

NWJJX (Nationwide Loomis Core Bond Fund) and FEDUX (Fidelity Education Income Fund) are both Intermediate Core Bond funds. Over the past 5 years, NWJJX returned -0.19%/yr vs -0.44%/yr for FEDUX. Their correlation of 0.87 suggests significant overlap in exposure. NWJJX charges 0.73%/yr vs 0.00%/yr for FEDUX.

Performance

NWJJX vs. FEDUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Loomis Core Bond Fund (NWJJX) and Fidelity Education Income Fund (FEDUX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NWJJX achieves a 0.45% return, which is significantly higher than FEDUX's 0.13% return.

NWJJX

1D
0.32%
1M
1.00%
YTD
0.45%
6M
0.80%
1Y
4.57%
3Y*
4.10%
5Y*
-0.19%
10Y*
1.62%

FEDUX

1D
0.11%
1M
0.36%
YTD
0.13%
6M
0.49%
1Y
3.54%
3Y*
2.65%
5Y*
-0.44%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

NWJJX vs. FEDUX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
NWJJX
Nationwide Loomis Core Bond Fund		0.45%6.71%1.86%5.28%-13.82%1.00%
FEDUX
Fidelity Education Income Fund		0.13%6.40%-0.29%1.62%-8.38%-1.27%

Correlation

The correlation between NWJJX and FEDUX is 0.85, 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

0.85

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (5Y)
Calculated over the trailing 5-year period

0.87

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

0.87

The correlation between NWJJX and FEDUX has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Nationwide Loomis Core Bond Fund

Fidelity Education Income Fund

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Often compared with FEDUX:
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Return for Risk

NWJJX vs. FEDUX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NWJJX
NWJJX Risk / Return Rank: 1919
Overall Rank
NWJJX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
NWJJX Sortino Ratio Rank: 2020
Sortino Ratio Rank
NWJJX Omega Ratio Rank: 1717
Omega Ratio Rank
NWJJX Calmar Ratio Rank: 2020
Calmar Ratio Rank
NWJJX Martin Ratio Rank: 1818
Martin Ratio Rank
FEDUX
FEDUX Risk / Return Rank: 3333
Overall Rank
FEDUX Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
FEDUX Sortino Ratio Rank: 3838
Sortino Ratio Rank
FEDUX Omega Ratio Rank: 3434
Omega Ratio Rank
FEDUX Calmar Ratio Rank: 3535
Calmar Ratio Rank
FEDUX Martin Ratio Rank: 3030
Martin Ratio Rank
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.

NWJJX vs. FEDUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Loomis Core Bond Fund (NWJJX) and Fidelity Education Income Fund (FEDUX). 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.

NWJJXFEDUXDifference
Sharpe ratioReturn per unit of total volatility
1.17
1.47

-0.30

Sortino ratioReturn per unit of downside risk
1.75
2.37

-0.62

Omega ratioGain probability vs. loss probability

1.20

1.29

-0.08

Calmar ratioReturn relative to maximum drawdown

1.56

2.13

-0.57

Martin ratioReturn relative to average drawdown

4.37

6.41

-2.03

NWJJX vs. FEDUX - Sharpe Ratio Comparison

The current NWJJX Sharpe Ratio is 1.17, which is comparable to the FEDUX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of NWJJX and FEDUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NWJJX vs. FEDUX - Drawdown Comparison

The maximum NWJJX drawdown since its inception was -18.99%, which is greater than FEDUX's maximum drawdown of -12.00%. Use the drawdown chart below to compare losses from any high point for NWJJX and FEDUX.

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Drawdown Indicators

NWJJXFEDUXDifference

Max Drawdown

Largest peak-to-trough decline

-18.99%

-12.00%

-6.99%

Max Drawdown (1Y)

Largest decline over 1 year

-2.94%

-1.72%

-1.22%

Max Drawdown (3Y)

Largest decline over 3 years

-5.87%

-2.80%

-3.07%

Max Drawdown (5Y)

Largest decline over 5 years

-18.78%

-12.00%

-6.78%

Max Drawdown (10Y)

Largest decline over 10 years

-18.99%

—

—

Current Drawdown

Current decline from peak

-2.63%

-2.66%

+0.03%

Average Drawdown

Average peak-to-trough decline

-4.09%

-6.42%

+2.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.05%

0.57%

+0.48%

Volatility

NWJJX vs. FEDUX - Volatility Comparison

Nationwide Loomis Core Bond Fund (NWJJX) has a higher volatility of 1.20% compared to Fidelity Education Income Fund (FEDUX) at 0.85%. This indicates that NWJJX's price experiences larger fluctuations and is considered to be riskier than FEDUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NWJJXFEDUXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.20%

0.85%

+0.35%

Volatility (6M)

Calculated over the trailing 6-month period

2.88%

1.82%

+1.06%

Volatility (1Y)

Calculated over the trailing 1-year period

3.93%

2.50%

+1.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.86%

3.14%

+2.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.86%

3.12%

+1.74%

NWJJX vs. FEDUX - Expense Ratio Comparison

NWJJX has a 0.73% expense ratio, which is higher than FEDUX's 0.00% expense ratio.

Dividends

NWJJX vs. FEDUX - Dividend Comparison

NWJJX's dividend yield for the trailing twelve months is around 4.18%, less than FEDUX's 4.40% yield.

PositionTTM20252024202320222021202020192018201720162015
FEDUX
Fidelity Education Income Fund		4.40%4.43%0.36%0.71%0.00%0.13%0.00%0.00%0.00%0.00%0.00%0.00%
NWJJX
Nationwide Loomis Core Bond Fund		4.18%4.14%4.10%3.09%1.89%2.18%5.17%3.30%2.60%2.16%3.12%2.42%

Frequently Asked Questions

NWJJX and FEDUX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NWJJX has higher volatility (1.20%) compared to FEDUX (0.85%). In terms of maximum drawdown, NWJJX dropped -18.99% vs FEDUX's -12.00%.

FEDUX currently has the higher Sharpe Ratio (1.47 vs 1.17), 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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