NWJJX vs. GBIAX
NWJJX (Nationwide Loomis Core Bond Fund) and GBIAX (Nationwide Bond Index Fund) are both Intermediate Core Bond funds from Nationwide. Over the past 10 years, NWJJX returned 1.55%/yr vs 0.79%/yr for GBIAX. With a 0.96 correlation, they move nearly in lockstep. NWJJX charges 0.73%/yr vs 0.64%/yr for GBIAX.
Performance
NWJJX vs. GBIAX - Performance Comparison
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Returns By Period
In the year-to-date period, NWJJX achieves a 0.13% return, which is significantly higher than GBIAX's -0.18% return. Over the past 10 years, NWJJX has outperformed GBIAX with an annualized return of 1.55%, while GBIAX has yielded a comparatively lower 0.79% annualized return.
NWJJX
- 1D
- -0.32%
- 1M
- 0.67%
- YTD
- 0.13%
- 6M
- 0.48%
- 1Y
- 4.01%
- 3Y*
- 3.95%
- 5Y*
- -0.18%
- 10Y*
- 1.55%
GBIAX
- 1D
- -0.31%
- 1M
- 0.50%
- YTD
- -0.18%
- 6M
- 0.09%
- 1Y
- 3.53%
- 3Y*
- 3.23%
- 5Y*
- -0.73%
- 10Y*
- 0.79%
NWJJX vs. GBIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWJJX Nationwide Loomis Core Bond Fund | 0.13% | 6.71% | 1.86% | 5.28% | -13.82% | -1.55% | 8.26% | 9.58% | -0.67% | 3.14% |
GBIAX Nationwide Bond Index Fund | -0.18% | 6.54% | 0.44% | 5.03% | -14.06% | -2.38% | 6.60% | 8.08% | -0.74% | 2.89% |
Correlation
The correlation between NWJJX and GBIAX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013 | 0.96 |
The correlation between NWJJX and GBIAX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
NWJJX vs. GBIAX — Risk / Return Rank
NWJJX
GBIAX
NWJJX vs. GBIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Loomis Core Bond Fund (NWJJX) and Nationwide Bond Index Fund (GBIAX). 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.
| NWJJX | GBIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.25 | +0.19 |
| Martin ratioReturn relative to average drawdown | 4.04 | 3.46 | +0.57 |
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Drawdowns
NWJJX vs. GBIAX - Drawdown Comparison
The maximum NWJJX drawdown since its inception was -18.99%, smaller than the maximum GBIAX drawdown of -20.26%. Use the drawdown chart below to compare losses from any high point for NWJJX and GBIAX.
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Drawdown Indicators
| NWJJX | GBIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.99% | -20.26% | +1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -3.00% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -5.87% | -6.30% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -18.78% | -19.07% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -18.99% | -20.26% | +1.27% |
Current DrawdownCurrent decline from peak | -2.94% | -6.57% | +3.63% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -3.05% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.09% | -0.04% |
Volatility
NWJJX vs. GBIAX - Volatility Comparison
The current volatility for Nationwide Loomis Core Bond Fund (NWJJX) is 1.16%, while Nationwide Bond Index Fund (GBIAX) has a volatility of 1.25%. This indicates that NWJJX experiences smaller price fluctuations and is considered to be less risky than GBIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWJJX | GBIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.25% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.89% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 3.90% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.86% | 6.01% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.87% | 4.96% | -0.09% |
NWJJX vs. GBIAX - Expense Ratio Comparison
NWJJX has a 0.73% expense ratio, which is higher than GBIAX's 0.64% expense ratio.
Dividends
NWJJX vs. GBIAX - Dividend Comparison
NWJJX's dividend yield for the trailing twelve months is around 4.19%, more than GBIAX's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBIAX Nationwide Bond Index Fund | 3.30% | 3.18% | 3.07% | 2.57% | 1.59% | 3.02% | 1.79% | 2.27% | 2.29% | 1.93% | 2.15% | 2.43% |
NWJJX Nationwide Loomis Core Bond Fund | 4.19% | 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
With a correlation of 0.96, NWJJX and GBIAX 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.
GBIAX has higher volatility (1.25%) compared to NWJJX (1.16%). In terms of maximum drawdown, NWJJX dropped -18.99% vs GBIAX's -20.26%.
NWJJX currently has the higher Sharpe Ratio (1.08 vs 0.97), 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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