NWXHX vs. HYBB
NWXHX (Nationwide Amundi Strategic Income Fund) and HYBB (iShares BB Rated Corporate Bond ETF) are both funds - NWXHX is a Multisector Bonds fund managed by Nationwide, while HYBB is a High Yield Bonds fund tracking the ICE BofA BB US High Yield Constrained Index (USD). Over the past 5 years, NWXHX returned 6.61%/yr vs 3.63%/yr for HYBB. At a correlation of -0.01, they often move in opposite directions. NWXHX charges 0.61%/yr vs 0.25%/yr for HYBB.
Performance
NWXHX vs. HYBB - Performance Comparison
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Returns By Period
In the year-to-date period, NWXHX achieves a 2.19% return, which is significantly higher than HYBB's 1.39% return.
NWXHX
- 1D
- -0.10%
- 1M
- 0.53%
- YTD
- 2.19%
- 6M
- 2.61%
- 1Y
- 7.01%
- 3Y*
- 8.59%
- 5Y*
- 6.61%
- 10Y*
- 6.81%
HYBB
- 1D
- 0.08%
- 1M
- 0.42%
- YTD
- 1.39%
- 6M
- 1.78%
- 1Y
- 6.52%
- 3Y*
- 7.96%
- 5Y*
- 3.63%
- 10Y*
- —
NWXHX vs. HYBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NWXHX Nationwide Amundi Strategic Income Fund | 2.19% | 7.36% | 9.76% | 9.39% | 3.56% | 4.86% | 5.99% |
HYBB iShares BB Rated Corporate Bond ETF | 1.39% | 8.95% | 6.35% | 10.53% | -10.11% | 3.36% | 4.29% |
Correlation
The correlation between NWXHX and HYBB is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2020 | -0.01 |
The correlation between NWXHX and HYBB shifts across timeframes, from -0.01 (all time) to 0.19 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
NWXHX vs. HYBB — Risk / Return Rank
NWXHX
HYBB
NWXHX vs. HYBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Amundi Strategic Income Fund (NWXHX) and iShares BB Rated Corporate Bond ETF (HYBB). 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.
| NWXHX | HYBB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.14 | ||
| Sortino ratioReturn per unit of downside risk | +8.47 | ||
| Omega ratioGain probability vs. loss probability | 3.07 | 1.39 | +1.68 |
| Calmar ratioReturn relative to maximum drawdown | 17.60 | 2.63 | +14.96 |
| Martin ratioReturn relative to average drawdown | 63.36 | 11.88 | +51.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NWXHX | HYBB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.14 | 2.00 | +4.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.79 | 0.53 | +1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.59 | 0.62 | +0.97 |
Drawdowns
NWXHX vs. HYBB - Drawdown Comparison
The maximum NWXHX drawdown since its inception was -22.96%, which is greater than HYBB's maximum drawdown of -15.28%. Use the drawdown chart below to compare losses from any high point for NWXHX and HYBB.
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Drawdown Indicators
| NWXHX | HYBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.96% | -15.28% | -7.68% |
Max Drawdown (1Y)Largest decline over 1 year | -0.41% | -2.48% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -1.99% | -4.01% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -5.52% | -15.28% | +9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -22.96% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.26% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -3.23% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.55% | -0.44% |
Volatility
NWXHX vs. HYBB - Volatility Comparison
The current volatility for Nationwide Amundi Strategic Income Fund (NWXHX) is 0.46%, while iShares BB Rated Corporate Bond ETF (HYBB) has a volatility of 0.98%. This indicates that NWXHX experiences smaller price fluctuations and is considered to be less risky than HYBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWXHX | HYBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.98% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 0.85% | 2.57% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.16% | 3.28% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.70% | 6.93% | -3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.43% | 6.67% | -2.24% |
NWXHX vs. HYBB - Expense Ratio Comparison
NWXHX has a 0.61% expense ratio, which is higher than HYBB's 0.25% expense ratio.
Dividends
NWXHX vs. HYBB - Dividend Comparison
NWXHX's dividend yield for the trailing twelve months is around 5.57%, less than HYBB's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | 5.86% | 6.08% | 6.22% | 6.28% | 5.04% | 3.86% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% |
NWXHX Nationwide Amundi Strategic Income Fund | 5.57% | 5.19% | 5.09% | 4.57% | 16.34% | 4.20% | 4.92% | 3.94% | 4.59% | 8.67% | 7.55% |
Frequently Asked Questions
NWXHX and HYBB have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYBB has higher volatility (0.98%) compared to NWXHX (0.46%). In terms of maximum drawdown, NWXHX dropped -22.96% vs HYBB's -15.28%.
NWXHX currently has the higher Sharpe Ratio (6.14 vs 2.00), 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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