NWXEX vs. DBLIX

Last updated Jun 4, 2026

NWXEX (Nationwide Strategic Income A) and DBLIX (DoubleLine Income Fund) are both Multisector Bonds funds. At a 0.09 correlation, their price movements are largely independent. NWXEX charges 0.99%/yr vs 0.65%/yr for DBLIX.

Performance

NWXEX vs. DBLIX - Performance Comparison

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

Returns By Period

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%

DBLIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NWXEX vs. DBLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NWXEX Nationwide Strategic Income A	2.17%	6.97%	9.36%	9.00%	3.50%	4.64%	3.24%	3.00%
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	9.69%	-13.31%	5.72%	-5.09%	0.39%

Correlation

The correlation between NWXEX and DBLIX is -0.13, 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	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Sep 5, 2019	0.09

The correlation between NWXEX and DBLIX shifts across timeframes, from -0.13 (1 year) to 0.18 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

NWXEX vs. DBLIX — Risk / Return Rank

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

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.

NWXEX vs. DBLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Strategic Income A (NWXEX) and DoubleLine Income Fund (DBLIX). 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.

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

Sharpe Ratios by Period

	NWXEX	DBLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.72	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.73	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	—	—

Drawdowns

Drawdown Indicators

	NWXEX	DBLIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.97%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.97%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-1.10%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.11%	—	—

Volatility

Volatility by Period

	NWXEX	DBLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.21%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.66%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.42%	—	—

NWXEX vs. DBLIX - Expense Ratio Comparison

NWXEX has a 0.99% expense ratio, which is higher than DBLIX's 0.65% expense ratio.

Dividends

NWXEX vs. DBLIX - Dividend Comparison

NWXEX's dividend yield for the trailing twelve months is around 5.24%, more than DBLIX's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBLIX DoubleLine Income Fund	4.11%	6.33%	6.32%	7.44%	5.45%	4.76%	4.10%	1.30%	0.00%	0.00%	0.00%	0.00%
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 NWXEX and DBLIX in my portfolio?

NWXEX and DBLIX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.