NWKDX vs. NWXEX

Last updated Jun 4, 2026

NWKDX (Nationwide Geneva Small Cap Growth Fund) and NWXEX (Nationwide Strategic Income A) are both mutual funds - NWKDX is a Small Cap Growth Equities fund managed by Nationwide, while NWXEX is a Multisector Bonds fund actively managed by Nationwide. Over the past 10 years, NWKDX returned 9.23%/yr vs 6.53%/yr for NWXEX. At a 0.05 correlation, their price movements are largely independent. NWKDX charges 0.94%/yr vs 0.99%/yr for NWXEX.

Performance

NWKDX vs. NWXEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Geneva Small Cap Growth Fund (NWKDX) and Nationwide Strategic Income A (NWXEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWKDX achieves a 1.86% return, which is significantly lower than NWXEX's 2.17% return. Over the past 10 years, NWKDX has outperformed NWXEX with an annualized return of 9.23%, while NWXEX has yielded a comparatively lower 6.53% annualized return.

NWKDX

• 1D: 0.37%
• 1M: 1.41%
• YTD: 1.86%
• 6M: 0.74%
• 1Y: -2.39%
• 3Y*: 4.71%
• 5Y*: 0.76%
• 10Y*: 9.23%

NWXEX

• 1D: 0.00%
• 1M: 0.60%
• YTD: 2.17%
• 6M: 2.67%
• 1Y: 6.77%
• 3Y*: 8.25%
• 5Y*: 6.29%
• 10Y*: 6.53%

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

NWKDX vs. NWXEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWKDX Nationwide Geneva Small Cap Growth Fund	1.86%	-8.35%	13.47%	19.56%	-24.48%	12.47%	32.69%	28.33%	-0.89%	22.21%
NWXEX Nationwide Strategic Income A	2.17%	6.97%	9.36%	9.00%	3.50%	4.64%	3.24%	9.84%	-0.39%	10.86%

Correlation

The correlation between NWKDX and NWXEX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Nov 17, 2015	0.05

Return for Risk

NWKDX vs. NWXEX — Risk / Return Rank

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

NWKDX

NWKDX Risk / Return Rank: 2
NWKDX Sharpe Ratio Rank: 2
NWKDX Sortino Ratio Rank: 2
NWKDX Omega Ratio Rank: 2
NWKDX Calmar Ratio Rank: 2
NWKDX Martin Ratio Rank: 2

NWXEX

NWXEX Risk / Return Rank: 99
NWXEX Sharpe Ratio Rank: 100
NWXEX Sortino Ratio Rank: 99
NWXEX Omega Ratio Rank: 99
NWXEX Calmar Ratio Rank: 99
NWXEX Martin Ratio Rank: 99

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.

NWKDX vs. NWXEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Geneva Small Cap Growth Fund (NWKDX) 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.

	NWKDX	NWXEX	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	5.72	-5.77
Sortino ratio: Return per unit of downside risk	0.05	10.13	-10.08
Omega ratio: Gain probability vs. loss probability	1.00	2.91	-1.90
Calmar ratio: Return relative to maximum drawdown	-0.07	16.02	-16.08
Martin ratio: Return relative to average drawdown	-0.18	65.39	-65.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWKDX vs. NWXEX - Sharpe Ratio Comparison

The current NWKDX Sharpe Ratio is -0.05, which is lower than the NWXEX Sharpe Ratio of 5.72. The chart below compares the historical Sharpe Ratios of NWKDX and NWXEX, 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

	NWKDX	NWXEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	5.72	-5.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	1.73	-1.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	1.48	-1.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	1.48	-1.06

Drawdowns

NWKDX vs. NWXEX - Drawdown Comparison

The maximum NWKDX drawdown since its inception was -34.81%, which is greater than NWXEX's maximum drawdown of -22.97%. Use the drawdown chart below to compare losses from any high point for NWKDX and NWXEX.

Drawdown Indicators

	NWKDX	NWXEX	Difference
Max Drawdown Largest peak-to-trough decline	-34.81%	-22.97%	-11.84%
Max Drawdown (1Y) Largest decline over 1 year	-13.64%	-0.43%	-13.21%
Max Drawdown (3Y) Largest decline over 3 years	-24.68%	-1.89%	-22.79%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	-5.60%	-27.06%
Max Drawdown (10Y) Largest decline over 10 years	-34.81%	-22.97%	-11.84%
Current Drawdown Current decline from peak	-14.63%	0.00%	-14.63%
Average Drawdown Average peak-to-trough decline	-8.80%	-1.10%	-7.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	0.11%	+4.92%

Volatility

NWKDX vs. NWXEX - Volatility Comparison

Nationwide Geneva Small Cap Growth Fund (NWKDX) has a higher volatility of 5.17% compared to Nationwide Strategic Income A (NWXEX) at 0.29%. This indicates that NWKDX'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.

Volatility by Period

	NWKDX	NWXEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	0.29%	+4.88%
Volatility (6M) Calculated over the trailing 6-month period	12.39%	0.91%	+11.48%
Volatility (1Y) Calculated over the trailing 1-year period	17.15%	1.21%	+15.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.55%	3.66%	+16.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.18%	4.42%	+16.76%

NWKDX vs. NWXEX - Expense Ratio Comparison

NWKDX has a 0.94% expense ratio, which is lower than NWXEX's 0.99% expense ratio.

Dividends

NWKDX vs. NWXEX - Dividend Comparison

NWKDX's dividend yield for the trailing twelve months is around 2.57%, less than NWXEX's 5.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWKDX Nationwide Geneva Small Cap Growth Fund	2.57%	2.62%	3.31%	0.71%	1.80%	8.46%	0.45%	2.12%	6.11%	4.65%	0.16%	5.02%
NWXEX Nationwide Strategic Income A	5.24%	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

Can I hold both NWKDX and NWXEX in my portfolio?

NWKDX and NWXEX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWKDX or NWXEX?

NWKDX has higher volatility (5.17%) compared to NWXEX (0.29%). In terms of maximum drawdown, NWKDX dropped -34.81% vs NWXEX's -22.97%.

Which has better risk-adjusted returns?

NWXEX currently has the higher Sharpe Ratio (5.72 vs -0.05), 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.