NWJJX vs. FGBCX
Compare and contrast key facts about Nationwide Loomis Core Bond Fund (NWJJX) and Fidelity Advisor Investment Grade Bond Fund Class C (FGBCX).
NWJJX is managed by Nationwide. It was launched on Feb 15, 1984. FGBCX is managed by Fidelity. It was launched on Aug 27, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NWJJX or FGBCX.
Correlation
The correlation between NWJJX and FGBCX is 0.90, 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.
Performance
NWJJX vs. FGBCX - Performance Comparison
Key characteristics
NWJJX:
0.94
FGBCX:
0.66
NWJJX:
1.39
FGBCX:
0.98
NWJJX:
1.17
FGBCX:
1.12
NWJJX:
0.30
FGBCX:
0.20
NWJJX:
2.40
FGBCX:
1.56
NWJJX:
2.06%
FGBCX:
2.25%
NWJJX:
5.27%
FGBCX:
5.31%
NWJJX:
-21.82%
FGBCX:
-21.89%
NWJJX:
-11.26%
FGBCX:
-12.73%
Returns By Period
The year-to-date returns for both investments are quite close, with NWJJX having a 1.21% return and FGBCX slightly higher at 1.23%. Over the past 10 years, NWJJX has outperformed FGBCX with an annualized return of 0.83%, while FGBCX has yielded a comparatively lower 0.50% annualized return.
NWJJX
1.21%
1.32%
-0.67%
5.28%
-1.27%
0.83%
FGBCX
1.23%
1.37%
-1.29%
3.94%
-1.40%
0.50%
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NWJJX vs. FGBCX - Expense Ratio Comparison
NWJJX has a 0.73% expense ratio, which is lower than FGBCX's 1.53% expense ratio.
Risk-Adjusted Performance
NWJJX vs. FGBCX — Risk-Adjusted Performance Rank
NWJJX
FGBCX
NWJJX vs. FGBCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Loomis Core Bond Fund (NWJJX) and Fidelity Advisor Investment Grade Bond Fund Class C (FGBCX). 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.
Dividends
NWJJX vs. FGBCX - Dividend Comparison
NWJJX's dividend yield for the trailing twelve months is around 4.08%, more than FGBCX's 2.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWJJX Nationwide Loomis Core Bond Fund | 4.08% | 4.10% | 3.27% | 2.31% | 1.38% | 1.79% | 2.64% | 2.54% | 2.15% | 2.18% | 2.25% | 2.75% |
FGBCX Fidelity Advisor Investment Grade Bond Fund Class C | 2.88% | 2.91% | 2.50% | 1.60% | 0.50% | 0.78% | 1.68% | 1.75% | 1.00% | 1.41% | 1.82% | 1.53% |
Drawdowns
NWJJX vs. FGBCX - Drawdown Comparison
The maximum NWJJX drawdown since its inception was -21.82%, roughly equal to the maximum FGBCX drawdown of -21.89%. Use the drawdown chart below to compare losses from any high point for NWJJX and FGBCX. For additional features, visit the drawdowns tool.
Volatility
NWJJX vs. FGBCX - Volatility Comparison
Nationwide Loomis Core Bond Fund (NWJJX) and Fidelity Advisor Investment Grade Bond Fund Class C (FGBCX) have volatilities of 1.39% and 1.46%, 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.