NWWVX vs. LTRIX

Last updated Jun 23, 2026

NWWVX (Nationwide Destination 2060 Fund) and LTRIX (Principal LifeTime 2045 Fund) are both Target Retirement Date funds. Over the past 10 years, NWWVX returned 10.48%/yr vs 11.04%/yr for LTRIX. With a 0.97 correlation, they move nearly in lockstep. NWWVX charges 0.38%/yr vs 0.01%/yr for LTRIX.

Performance

NWWVX vs. LTRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Destination 2060 Fund (NWWVX) and Principal LifeTime 2045 Fund (LTRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWWVX achieves a 11.57% return, which is significantly higher than LTRIX's 8.14% return. Over the past 10 years, NWWVX has underperformed LTRIX with an annualized return of 10.48%, while LTRIX has yielded a comparatively higher 11.04% annualized return.

NWWVX

• 1D: 1.15%
• 1M: 1.80%
• YTD: 11.57%
• 6M: 11.40%
• 1Y: 26.90%
• 3Y*: 17.48%
• 5Y*: 9.52%
• 10Y*: 10.48%

LTRIX

• 1D: 1.10%
• 1M: 1.67%
• YTD: 8.14%
• 6M: 7.98%
• 1Y: 20.37%
• 3Y*: 16.60%
• 5Y*: 8.83%
• 10Y*: 11.04%

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

NWWVX vs. LTRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWWVX Nationwide Destination 2060 Fund	11.57%	19.40%	13.20%	20.31%	-18.83%	17.25%	13.62%	21.03%	-9.07%	17.51%
LTRIX Principal LifeTime 2045 Fund	8.14%	16.69%	16.90%	19.40%	-18.51%	16.55%	16.33%	25.81%	-8.34%	21.38%

Correlation

The correlation between NWWVX and LTRIX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
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 Dec 3, 2014	0.97

The correlation between NWWVX and LTRIX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

NWWVX vs. LTRIX — Risk / Return Rank

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

NWWVX

NWWVX Risk / Return Rank: 63
NWWVX Sharpe Ratio Rank: 61
NWWVX Sortino Ratio Rank: 60
NWWVX Omega Ratio Rank: 58
NWWVX Calmar Ratio Rank: 65
NWWVX Martin Ratio Rank: 73

LTRIX

LTRIX Risk / Return Rank: 47
LTRIX Sharpe Ratio Rank: 43
LTRIX Sortino Ratio Rank: 41
LTRIX Omega Ratio Rank: 43
LTRIX Calmar Ratio Rank: 47
LTRIX Martin Ratio Rank: 58

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.

NWWVX vs. LTRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2060 Fund (NWWVX) and Principal LifeTime 2045 Fund (LTRIX). 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.

	NWWVX	LTRIX	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.78	+0.34
Sortino ratio: Return per unit of downside risk	2.97	2.50	+0.47
Omega ratio: Gain probability vs. loss probability	1.38	1.33	+0.05
Calmar ratio: Return relative to maximum drawdown	2.96	2.50	+0.46
Martin ratio: Return relative to average drawdown	12.98	11.00	+1.99

NWWVX vs. LTRIX - Sharpe Ratio Comparison

The current NWWVX Sharpe Ratio is 2.11, which is comparable to the LTRIX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of NWWVX and LTRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NWWVX vs. LTRIX - Drawdown Comparison

The maximum NWWVX drawdown since its inception was -34.31%, smaller than the maximum LTRIX drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for NWWVX and LTRIX.

Drawdown Indicators

	NWWVX	LTRIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.31%	-51.39%	+17.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-8.04%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	-15.05%	-14.47%	-0.58%
Max Drawdown (5Y) Largest decline over 5 years	-30.71%	-26.25%	-4.46%
Max Drawdown (10Y) Largest decline over 10 years	-34.31%	-31.56%	-2.75%
Current Drawdown Current decline from peak	-0.35%	-0.54%	+0.19%
Average Drawdown Average peak-to-trough decline	-6.26%	-7.18%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.83%	+0.21%

Volatility

NWWVX vs. LTRIX - Volatility Comparison

Nationwide Destination 2060 Fund (NWWVX) has a higher volatility of 5.04% compared to Principal LifeTime 2045 Fund (LTRIX) at 4.45%. This indicates that NWWVX's price experiences larger fluctuations and is considered to be riskier than LTRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWWVX	LTRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	4.45%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	9.42%	+1.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.53%	11.34%	+1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.93%	14.68%	+1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	14.86%	+1.82%

NWWVX vs. LTRIX - Expense Ratio Comparison

NWWVX has a 0.38% expense ratio, which is higher than LTRIX's 0.01% expense ratio.

Dividends

NWWVX vs. LTRIX - Dividend Comparison

NWWVX's dividend yield for the trailing twelve months is around 7.92%, less than LTRIX's 8.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LTRIX Principal LifeTime 2045 Fund	8.61%	9.31%	9.40%	4.25%	8.71%	6.75%	4.62%	6.93%	7.50%	4.57%	4.48%	5.42%
NWWVX Nationwide Destination 2060 Fund	7.92%	9.08%	12.90%	4.32%	2.24%	8.22%	6.69%	3.93%	7.98%	3.85%	3.27%	2.26%

Frequently Asked Questions

Can I hold both NWWVX and LTRIX in my portfolio?

With a correlation of 0.97, NWWVX and LTRIX 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.

Which is riskier, NWWVX or LTRIX?

NWWVX has higher volatility (5.04%) compared to LTRIX (4.45%). In terms of maximum drawdown, NWWVX dropped -34.31% vs LTRIX's -51.39%.

Which has better risk-adjusted returns?

NWWVX currently has the higher Sharpe Ratio (2.11 vs 1.78), 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.