NWJJX vs. NWXEX
NWJJX (Nationwide Loomis Core Bond Fund) and NWXEX (Nationwide Strategic Income A) are both mutual funds - NWJJX is a Intermediate Core Bond fund managed by Nationwide, while NWXEX is a Multisector Bonds fund actively managed by Nationwide. Over the past 10 years, NWJJX returned 1.62%/yr vs 6.53%/yr for NWXEX. At a correlation of -0.04, they often move in opposite directions. NWJJX charges 0.73%/yr vs 0.99%/yr for NWXEX.
Performance
NWJJX vs. NWXEX - Performance Comparison
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Returns By Period
In the year-to-date period, NWJJX achieves a 0.45% return, which is significantly lower than NWXEX's 2.33% return. Over the past 10 years, NWJJX has underperformed NWXEX with an annualized return of 1.62%, while NWXEX has yielded a comparatively higher 6.53% annualized 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%
NWXEX
- 1D
- 0.10%
- 1M
- 0.45%
- YTD
- 2.33%
- 6M
- 2.43%
- 1Y
- 6.47%
- 3Y*
- 8.11%
- 5Y*
- 6.31%
- 10Y*
- 6.53%
NWJJX vs. NWXEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWJJX Nationwide Loomis Core Bond Fund | 0.45% | 6.71% | 1.86% | 5.28% | -13.82% | -1.55% | 8.26% | 9.58% | -0.67% | 3.14% |
NWXEX Nationwide Strategic Income A | 2.33% | 6.97% | 9.36% | 9.00% | 3.50% | 4.64% | 3.24% | 9.84% | -0.39% | 10.86% |
Correlation
The correlation between NWJJX and NWXEX is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2015 | -0.04 |
The correlation between NWJJX and NWXEX shifts across timeframes, from -0.11 (1 year) to 0.18 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
NWJJX vs. NWXEX — Risk / Return Rank
NWJJX
NWXEX
NWJJX vs. NWXEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Loomis Core Bond Fund (NWJJX) and Nationwide Strategic Income A (NWXEX). 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 | NWXEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.18 | ||
| Sortino ratioReturn per unit of downside risk | -7.48 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 2.68 | -1.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 15.06 | -13.50 |
| Martin ratioReturn relative to average drawdown | 4.37 | 60.83 | -56.46 |
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Drawdowns
NWJJX vs. NWXEX - Drawdown Comparison
The maximum NWJJX drawdown since its inception was -18.99%, smaller than the maximum NWXEX drawdown of -22.97%. Use the drawdown chart below to compare losses from any high point for NWJJX and NWXEX.
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Drawdown Indicators
| NWJJX | NWXEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.99% | -22.97% | +3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -0.43% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -5.87% | -1.89% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -18.78% | -5.60% | -13.18% |
Max Drawdown (10Y)Largest decline over 10 years | -18.99% | -22.97% | +3.98% |
Current DrawdownCurrent decline from peak | -2.63% | -0.04% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -1.09% | -3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.11% | +0.94% |
Volatility
NWJJX vs. NWXEX - Volatility Comparison
Nationwide Loomis Core Bond Fund (NWJJX) has a higher volatility of 1.20% compared to Nationwide Strategic Income A (NWXEX) at 0.38%. This indicates that NWJJX's price experiences larger fluctuations and is considered to be riskier than NWXEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWJJX | NWXEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.38% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 0.93% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 1.22% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.86% | 3.66% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 4.41% | +0.45% |
NWJJX vs. NWXEX - Expense Ratio Comparison
NWJJX has a 0.73% expense ratio, which is lower than NWXEX's 0.99% expense ratio.
Dividends
NWJJX vs. NWXEX - Dividend Comparison
NWJJX's dividend yield for the trailing twelve months is around 4.18%, less than NWXEX's 4.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NWXEX Nationwide Strategic Income A | 4.89% | 4.93% | 4.73% | 4.33% | 16.14% | 3.99% | 4.70% | 3.63% | 4.30% | 8.40% | 7.21% | 0.43% |
Frequently Asked Questions
NWJJX and NWXEX have a correlation of -0.11, 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 NWXEX (0.38%). In terms of maximum drawdown, NWJJX dropped -18.99% vs NWXEX's -22.97%.
NWXEX currently has the higher Sharpe Ratio (5.34 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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