NWXHX vs. IOFIX
NWXHX (Nationwide Amundi Strategic Income Fund) and IOFIX (AlphaCentric Income Opportunities Fund) are both Multisector Bonds funds. Over the past 10 years, NWXHX returned 6.87%/yr vs 1.38%/yr for IOFIX. At a 0.08 correlation, their price movements are largely independent. NWXHX charges 0.61%/yr vs 1.65%/yr for IOFIX.
Performance
NWXHX vs. IOFIX - Performance Comparison
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Returns By Period
In the year-to-date period, NWXHX achieves a 2.37% return, which is significantly higher than IOFIX's -0.42% return. Over the past 10 years, NWXHX has outperformed IOFIX with an annualized return of 6.87%, while IOFIX has yielded a comparatively lower 1.38% annualized return.
NWXHX
- 1D
- 0.00%
- 1M
- 0.47%
- YTD
- 2.37%
- 6M
- 2.57%
- 1Y
- 6.77%
- 3Y*
- 8.45%
- 5Y*
- 6.60%
- 10Y*
- 6.87%
IOFIX
- 1D
- 0.14%
- 1M
- 0.71%
- YTD
- -0.42%
- 6M
- -0.68%
- 1Y
- 3.14%
- 3Y*
- 1.05%
- 5Y*
- -3.25%
- 10Y*
- 1.38%
NWXHX vs. IOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWXHX Nationwide Amundi Strategic Income Fund | 2.37% | 7.36% | 9.76% | 9.39% | 3.56% | 4.86% | 3.48% | 10.18% | -0.11% | 11.16% |
IOFIX AlphaCentric Income Opportunities Fund | -0.42% | 8.34% | -0.35% | -5.52% | -21.68% | 14.92% | -10.56% | 11.93% | 4.45% | 14.04% |
Correlation
The correlation between NWXHX and IOFIX 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 | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.08 |
The correlation between NWXHX and IOFIX shifts across timeframes, from -0.04 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NWXHX vs. IOFIX — Risk / Return Rank
NWXHX
IOFIX
NWXHX vs. IOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Amundi Strategic Income Fund (NWXHX) and AlphaCentric Income Opportunities Fund (IOFIX). 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.
| NWXHX | IOFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.79 | ||
| Sortino ratioReturn per unit of downside risk | +9.09 | ||
| Omega ratioGain probability vs. loss probability | 2.85 | 1.19 | +1.66 |
| Calmar ratioReturn relative to maximum drawdown | 16.73 | 1.34 | +15.40 |
| Martin ratioReturn relative to average drawdown | 59.01 | 3.60 | +55.40 |
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Drawdowns
NWXHX vs. IOFIX - Drawdown Comparison
The maximum NWXHX drawdown since its inception was -22.96%, smaller than the maximum IOFIX drawdown of -45.49%. Use the drawdown chart below to compare losses from any high point for NWXHX and IOFIX.
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Drawdown Indicators
| NWXHX | IOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.96% | -45.49% | +22.53% |
Max Drawdown (1Y)Largest decline over 1 year | -0.41% | -2.98% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -1.99% | -9.74% | +7.75% |
Max Drawdown (5Y)Largest decline over 5 years | -5.52% | -30.50% | +24.98% |
Max Drawdown (10Y)Largest decline over 10 years | -22.96% | -45.49% | +22.53% |
Current DrawdownCurrent decline from peak | -0.12% | -20.80% | +20.68% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -11.81% | +10.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 1.10% | -0.99% |
Volatility
NWXHX vs. IOFIX - Volatility Comparison
The current volatility for Nationwide Amundi Strategic Income Fund (NWXHX) is 0.45%, while AlphaCentric Income Opportunities Fund (IOFIX) has a volatility of 0.86%. This indicates that NWXHX experiences smaller price fluctuations and is considered to be less risky than IOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWXHX | IOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 0.86% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 0.89% | 3.02% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.18% | 4.06% | -2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.70% | 4.81% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 9.27% | -4.86% |
NWXHX vs. IOFIX - Expense Ratio Comparison
NWXHX has a 0.61% expense ratio, which is lower than IOFIX's 1.65% expense ratio.
Dividends
NWXHX vs. IOFIX - Dividend Comparison
NWXHX's dividend yield for the trailing twelve months is around 5.18%, less than IOFIX's 8.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IOFIX AlphaCentric Income Opportunities Fund | 8.44% | 7.44% | 8.16% | 7.52% | 5.51% | 3.94% | 4.76% | 4.70% | 5.06% | 4.83% | 4.97% |
NWXHX Nationwide Amundi Strategic Income Fund | 5.18% | 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 IOFIX 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.
IOFIX has higher volatility (0.86%) compared to NWXHX (0.45%). In terms of maximum drawdown, NWXHX dropped -22.96% vs IOFIX's -45.49%.
NWXHX currently has the higher Sharpe Ratio (5.78 vs 0.98), 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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