NWXHX vs. VSMAX

Last updated Jun 5, 2026

NWXHX (Nationwide Amundi Strategic Income Fund) and VSMAX (Vanguard Small-Cap Index Fund Admiral Shares) are both mutual funds - NWXHX is a Multisector Bonds fund managed by Nationwide, while VSMAX is a Small Cap Blend Equities fund tracking the CRSP US Small Cap Index. Over the past 10 years, NWXHX returned 6.81%/yr vs 11.29%/yr for VSMAX. At a 0.06 correlation, their price movements are largely independent. NWXHX charges 0.61%/yr vs 0.05%/yr for VSMAX.

Performance

NWXHX vs. VSMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Amundi Strategic Income Fund (NWXHX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWXHX achieves a 2.19% return, which is significantly lower than VSMAX's 14.16% return. Over the past 10 years, NWXHX has underperformed VSMAX with an annualized return of 6.81%, while VSMAX has yielded a comparatively higher 11.29% annualized 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%

VSMAX

• 1D: -0.68%
• 1M: 2.34%
• YTD: 14.16%
• 6M: 13.54%
• 1Y: 28.90%
• 3Y*: 17.04%
• 5Y*: 7.10%
• 10Y*: 11.29%

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

NWXHX vs. VSMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWXHX Nationwide Amundi Strategic Income Fund	2.19%	7.36%	9.76%	9.39%	3.56%	4.86%	3.48%	10.18%	-0.11%	11.16%
VSMAX Vanguard Small-Cap Index Fund Admiral Shares	14.16%	8.83%	14.23%	18.17%	-17.61%	17.74%	19.06%	27.36%	-9.33%	16.24%

Correlation

The correlation between NWXHX and VSMAX is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	-0.00
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.06

Return for Risk

NWXHX vs. VSMAX — Risk / Return Rank

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

NWXHX

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

VSMAX

VSMAX Risk / Return Rank: 47
VSMAX Sharpe Ratio Rank: 37
VSMAX Sortino Ratio Rank: 37
VSMAX Omega Ratio Rank: 34
VSMAX Calmar Ratio Rank: 70
VSMAX Martin Ratio Rank: 60

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.

NWXHX vs. VSMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Amundi Strategic Income Fund (NWXHX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX). 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	VSMAX	Difference
Sharpe ratio: Return per unit of total volatility	6.14	1.78	+4.36
Sortino ratio: Return per unit of downside risk	11.47	2.55	+8.92
Omega ratio: Gain probability vs. loss probability	3.07	1.31	+1.76
Calmar ratio: Return relative to maximum drawdown	17.60	3.22	+14.38
Martin ratio: Return relative to average drawdown	63.36	11.89	+51.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWXHX vs. VSMAX - Sharpe Ratio Comparison

The current NWXHX Sharpe Ratio is 6.14, which is higher than the VSMAX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of NWXHX and VSMAX, 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

	NWXHX	VSMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.14	1.78	+4.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.79	0.34	+1.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.54	0.53	+1.02
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	0.39	+1.20

Drawdowns

NWXHX vs. VSMAX - Drawdown Comparison

The maximum NWXHX drawdown since its inception was -22.96%, smaller than the maximum VSMAX drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for NWXHX and VSMAX.

Drawdown Indicators

	NWXHX	VSMAX	Difference
Max Drawdown Largest peak-to-trough decline	-22.96%	-59.68%	+36.72%
Max Drawdown (1Y) Largest decline over 1 year	-0.41%	-8.97%	+8.56%
Max Drawdown (3Y) Largest decline over 3 years	-1.99%	-25.25%	+23.26%
Max Drawdown (5Y) Largest decline over 5 years	-5.52%	-28.14%	+22.62%
Max Drawdown (10Y) Largest decline over 10 years	-22.96%	-41.82%	+18.86%
Current Drawdown Current decline from peak	-0.10%	-0.68%	+0.58%
Average Drawdown Average peak-to-trough decline	-1.04%	-9.69%	+8.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.11%	2.43%	-2.32%

Volatility

NWXHX vs. VSMAX - Volatility Comparison

The current volatility for Nationwide Amundi Strategic Income Fund (NWXHX) is 0.46%, while Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) has a volatility of 4.43%. This indicates that NWXHX experiences smaller price fluctuations and is considered to be less risky than VSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWXHX	VSMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	4.43%	-3.97%
Volatility (6M) Calculated over the trailing 6-month period	0.85%	11.72%	-10.87%
Volatility (1Y) Calculated over the trailing 1-year period	1.16%	16.29%	-15.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.70%	20.71%	-17.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.43%	21.56%	-17.13%

NWXHX vs. VSMAX - Expense Ratio Comparison

NWXHX has a 0.61% expense ratio, which is higher than VSMAX's 0.05% expense ratio.

Dividends

NWXHX vs. VSMAX - Dividend Comparison

NWXHX's dividend yield for the trailing twelve months is around 5.57%, more than VSMAX's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
VSMAX Vanguard Small-Cap Index Fund Admiral Shares	1.19%	1.33%	1.30%	1.56%	1.54%	1.24%	1.14%	1.39%	1.67%	1.35%	1.49%	1.48%

Frequently Asked Questions

Can I hold both NWXHX and VSMAX in my portfolio?

NWXHX and VSMAX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWXHX or VSMAX?

VSMAX has higher volatility (4.43%) compared to NWXHX (0.46%). In terms of maximum drawdown, NWXHX dropped -22.96% vs VSMAX's -59.68%.

Which has better risk-adjusted returns?

NWXHX currently has the higher Sharpe Ratio (6.14 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.