NWJJX vs. PNIIX
NWJJX (Nationwide Loomis Core Bond Fund) and PNIIX (Principal Bond Market Index Fund) are both Intermediate Core Bond funds. Over the past 10 years, NWJJX returned 1.62%/yr vs 1.44%/yr for PNIIX. Their correlation of 0.93 suggests significant overlap in exposure. NWJJX charges 0.73%/yr vs 0.15%/yr for PNIIX.
Performance
NWJJX vs. PNIIX - 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 PNIIX's 0.59% return. Over the past 10 years, NWJJX has outperformed PNIIX with an annualized return of 1.62%, while PNIIX has yielded a comparatively lower 1.44% 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%
PNIIX
- 1D
- 0.23%
- 1M
- 0.82%
- YTD
- 0.59%
- 6M
- 0.59%
- 1Y
- 4.61%
- 3Y*
- 3.93%
- 5Y*
- -0.08%
- 10Y*
- 1.44%
NWJJX vs. PNIIX - 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% |
PNIIX Principal Bond Market Index Fund | 0.59% | 7.01% | 1.17% | 5.55% | -13.26% | -1.68% | 7.28% | 8.47% | -0.20% | 3.31% |
Correlation
The correlation between NWJJX and PNIIX is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013 | 0.93 |
The correlation between NWJJX and PNIIX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
NWJJX vs. PNIIX — Risk / Return Rank
NWJJX
PNIIX
NWJJX vs. PNIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Loomis Core Bond Fund (NWJJX) and Principal Bond Market Index Fund (PNIIX). 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 | PNIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.68 | -0.12 |
| Martin ratioReturn relative to average drawdown | 4.37 | 4.84 | -0.47 |
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Drawdowns
NWJJX vs. PNIIX - Drawdown Comparison
The maximum NWJJX drawdown since its inception was -18.99%, roughly equal to the maximum PNIIX drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for NWJJX and PNIIX.
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Drawdown Indicators
| NWJJX | PNIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.99% | -18.76% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.76% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -5.87% | -6.25% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -18.78% | -18.14% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -18.99% | -18.76% | -0.23% |
Current DrawdownCurrent decline from peak | -2.63% | -2.53% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -3.44% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.95% | +0.10% |
Volatility
NWJJX vs. PNIIX - Volatility Comparison
Nationwide Loomis Core Bond Fund (NWJJX) and Principal Bond Market Index Fund (PNIIX) have volatilities of 1.20% and 1.24%, 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.
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Volatility by Period
| NWJJX | PNIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.24% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 2.81% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 3.82% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.86% | 6.32% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 5.09% | -0.23% |
NWJJX vs. PNIIX - Expense Ratio Comparison
NWJJX has a 0.73% expense ratio, which is higher than PNIIX's 0.15% expense ratio.
Dividends
NWJJX vs. PNIIX - Dividend Comparison
NWJJX's dividend yield for the trailing twelve months is around 4.18%, more than PNIIX's 3.99% 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% |
PNIIX Principal Bond Market Index Fund | 3.99% | 4.01% | 3.60% | 4.18% | 1.66% | 2.03% | 18.60% | 2.40% | 2.51% | 2.35% | 1.78% | 2.10% |
Frequently Asked Questions
NWJJX and PNIIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNIIX has higher volatility (1.24%) compared to NWJJX (1.20%). In terms of maximum drawdown, NWJJX dropped -18.99% vs PNIIX's -18.76%.
PNIIX currently has the higher Sharpe Ratio (1.21 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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