NWJJX vs. GIIAX

Last updated Jun 3, 2026

NWJJX (Nationwide Loomis Core Bond Fund) and GIIAX (Nationwide International Index Fund) are both mutual funds - NWJJX is a Intermediate Core Bond fund managed by Nationwide, while GIIAX is a Foreign Large Cap Equities fund managed by Nationwide. Over the past 10 years, NWJJX returned 1.62%/yr vs 8.68%/yr for GIIAX. At a 0.02 correlation, their price movements are largely independent. NWJJX charges 0.73%/yr vs 0.71%/yr for GIIAX.

Performance

NWJJX vs. GIIAX - Performance Comparison

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

Returns By Period

In the year-to-date period, NWJJX achieves a 0.35% return, which is significantly lower than GIIAX's 8.76% return. Over the past 10 years, NWJJX has underperformed GIIAX with an annualized return of 1.62%, while GIIAX has yielded a comparatively higher 8.68% annualized return.

NWJJX

• 1D: -0.11%
• 1M: 0.14%
• YTD: 0.35%
• 6M: 0.28%
• 1Y: 5.02%
• 3Y*: 4.02%
• 5Y*: -0.05%
• 10Y*: 1.62%

GIIAX

• 1D: -0.35%
• 1M: 2.36%
• YTD: 8.76%
• 6M: 11.84%
• 1Y: 20.26%
• 3Y*: 16.18%
• 5Y*: 7.98%
• 10Y*: 8.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NWJJX vs. GIIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWJJX Nationwide Loomis Core Bond Fund	0.35%	6.71%	1.86%	5.28%	-13.82%	-1.55%	8.26%	9.58%	-0.67%	3.14%
GIIAX Nationwide International Index Fund	8.76%	31.11%	3.05%	16.88%	-14.43%	10.67%	7.26%	21.56%	-14.10%	24.81%

Correlation

The correlation between NWJJX and GIIAX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Sep 18, 2013	0.02

Over the past year, NWJJX and GIIAX have become more correlated (0.38) than their long-term average of 0.02, meaning their price movements have been converging.

Return for Risk

NWJJX vs. GIIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NWJJX

NWJJX Risk / Return Rank: 19
NWJJX Sharpe Ratio Rank: 18
NWJJX Sortino Ratio Rank: 18
NWJJX Omega Ratio Rank: 16
NWJJX Calmar Ratio Rank: 23
NWJJX Martin Ratio Rank: 20

GIIAX

GIIAX Risk / Return Rank: 27
GIIAX Sharpe Ratio Rank: 26
GIIAX Sortino Ratio Rank: 25
GIIAX Omega Ratio Rank: 25
GIIAX Calmar Ratio Rank: 26
GIIAX Martin Ratio Rank: 30

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. GIIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Loomis Core Bond Fund (NWJJX) and Nationwide International Index Fund (GIIAX). 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.

	NWJJX	GIIAX	Difference
Sharpe ratio Return per unit of total volatility	1.20	1.48	-0.28
Sortino ratio Return per unit of downside risk	1.80	2.13	-0.33
Omega ratio Gain probability vs. loss probability	1.21	1.26	-0.06
Calmar ratio Return relative to maximum drawdown	1.79	1.95	-0.15
Martin ratio Return relative to average drawdown	5.35	7.15	-1.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWJJX vs. GIIAX - Sharpe Ratio Comparison

The current NWJJX Sharpe Ratio is 1.20, which is comparable to the GIIAX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of NWJJX and GIIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NWJJX	GIIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	1.48	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.51	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.53	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.22	+0.25

Drawdowns

NWJJX vs. GIIAX - Drawdown Comparison

The maximum NWJJX drawdown since its inception was -18.99%, smaller than the maximum GIIAX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for NWJJX and GIIAX.

Drawdown Indicators

	NWJJX	GIIAX	Difference
Max Drawdown Largest peak-to-trough decline	-18.99%	-61.28%	+42.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-11.21%	+8.27%
Max Drawdown (3Y) Largest decline over 3 years	-5.87%	-13.63%	+7.76%
Max Drawdown (5Y) Largest decline over 5 years	-18.78%	-29.61%	+10.83%
Max Drawdown (10Y) Largest decline over 10 years	-18.99%	-34.23%	+15.24%
Current Drawdown Current decline from peak	-2.74%	-1.05%	-1.69%
Average Drawdown Average peak-to-trough decline	-4.10%	-16.06%	+11.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	3.05%	-2.06%

Volatility

NWJJX vs. GIIAX - Volatility Comparison

The current volatility for Nationwide Loomis Core Bond Fund (NWJJX) is 1.34%, while Nationwide International Index Fund (GIIAX) has a volatility of 4.88%. This indicates that NWJJX experiences smaller price fluctuations and is considered to be less risky than GIIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWJJX	GIIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	4.88%	-3.54%
Volatility (6M) Calculated over the trailing 6-month period	2.83%	11.95%	-9.12%
Volatility (1Y) Calculated over the trailing 1-year period	4.01%	14.62%	-10.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.85%	15.69%	-9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.86%	16.37%	-11.51%

NWJJX vs. GIIAX - Expense Ratio Comparison

NWJJX has a 0.73% expense ratio, which is higher than GIIAX's 0.71% expense ratio.

Dividends

NWJJX vs. GIIAX - Dividend Comparison

NWJJX's dividend yield for the trailing twelve months is around 4.19%, less than GIIAX's 6.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIIAX Nationwide International Index Fund	6.57%	7.14%	3.84%	2.99%	1.90%	3.69%	1.58%	4.20%	6.17%	6.21%	2.87%	3.36%
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

Can I hold both NWJJX and GIIAX in my portfolio?

NWJJX and GIIAX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWJJX or GIIAX?

GIIAX has higher volatility (4.88%) compared to NWJJX (1.34%). In terms of maximum drawdown, NWJJX dropped -18.99% vs GIIAX's -61.28%.

Which has better risk-adjusted returns?

GIIAX currently has the higher Sharpe Ratio (1.48 vs 1.20), 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.