NWXVX vs. VFSAX

Last updated Jun 4, 2026

NWXVX (Nationwide International Small Cap Fund) and VFSAX (Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, NWXVX returned 6.49%/yr vs 5.77%/yr for VFSAX. Their correlation of 0.95 suggests significant overlap in exposure. NWXVX charges 1.03%/yr vs 0.16%/yr for VFSAX.

Performance

NWXVX vs. VFSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide International Small Cap Fund (NWXVX) and Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWXVX achieves a 12.07% return, which is significantly higher than VFSAX's 10.71% return.

NWXVX

• 1D: -0.16%
• 1M: 2.49%
• YTD: 12.07%
• 6M: 14.38%
• 1Y: 29.44%
• 3Y*: 18.92%
• 5Y*: 6.49%
• 10Y*: —

VFSAX

• 1D: -0.91%
• 1M: -0.05%
• YTD: 10.71%
• 6M: 13.39%
• 1Y: 26.48%
• 3Y*: 16.76%
• 5Y*: 5.77%
• 10Y*: —

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

NWXVX vs. VFSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NWXVX Nationwide International Small Cap Fund	12.07%	37.27%	0.83%	15.79%	-23.25%	12.04%	17.96%	19.37%
VFSAX Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares	10.71%	29.89%	2.58%	15.13%	-21.30%	12.68%	11.90%	13.47%

Correlation

The correlation between NWXVX and VFSAX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019	0.95

The correlation between NWXVX and VFSAX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

NWXVX vs. VFSAX — Risk / Return Rank

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

NWXVX

NWXVX Risk / Return Rank: 42
NWXVX Sharpe Ratio Rank: 43
NWXVX Sortino Ratio Rank: 43
NWXVX Omega Ratio Rank: 42
NWXVX Calmar Ratio Rank: 39
NWXVX Martin Ratio Rank: 42

VFSAX

VFSAX Risk / Return Rank: 45
VFSAX Sharpe Ratio Rank: 49
VFSAX Sortino Ratio Rank: 44
VFSAX Omega Ratio Rank: 48
VFSAX Calmar Ratio Rank: 40
VFSAX Martin Ratio Rank: 44

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.

NWXVX vs. VFSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide International Small Cap Fund (NWXVX) and Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX). 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.

	NWXVX	VFSAX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.05	-0.12
Sortino ratio: Return per unit of downside risk	2.76	2.81	-0.05
Omega ratio: Gain probability vs. loss probability	1.35	1.38	-0.03
Calmar ratio: Return relative to maximum drawdown	2.38	2.39	-0.02
Martin ratio: Return relative to average drawdown	9.09	9.20	-0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWXVX vs. VFSAX - Sharpe Ratio Comparison

The current NWXVX Sharpe Ratio is 1.93, which is comparable to the VFSAX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of NWXVX and VFSAX, 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

	NWXVX	VFSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	2.05	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.39	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.55	+0.05

Drawdowns

NWXVX vs. VFSAX - Drawdown Comparison

The maximum NWXVX drawdown since its inception was -39.61%, roughly equal to the maximum VFSAX drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for NWXVX and VFSAX.

Drawdown Indicators

	NWXVX	VFSAX	Difference
Max Drawdown Largest peak-to-trough decline	-39.61%	-39.86%	+0.25%
Max Drawdown (1Y) Largest decline over 1 year	-12.24%	-11.48%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-15.40%	-14.73%	-0.67%
Max Drawdown (5Y) Largest decline over 5 years	-38.69%	-33.81%	-4.88%
Current Drawdown Current decline from peak	-1.04%	-1.98%	+0.94%
Average Drawdown Average peak-to-trough decline	-11.48%	-9.25%	-2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	2.98%	+0.21%

Volatility

NWXVX vs. VFSAX - Volatility Comparison

Nationwide International Small Cap Fund (NWXVX) and Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) have volatilities of 4.38% and 4.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWXVX	VFSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	4.42%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	12.50%	11.21%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	13.40%	+1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.93%	15.04%	+1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	17.03%	-0.11%

NWXVX vs. VFSAX - Expense Ratio Comparison

NWXVX has a 1.03% expense ratio, which is higher than VFSAX's 0.16% expense ratio.

Dividends

NWXVX vs. VFSAX - Dividend Comparison

NWXVX's dividend yield for the trailing twelve months is around 10.72%, more than VFSAX's 2.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWXVX Nationwide International Small Cap Fund	10.72%	12.01%	9.66%	2.37%	0.79%	16.81%	0.79%	2.74%	15.98%	10.41%
VFSAX Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares	2.99%	3.31%	3.36%	3.06%	2.22%	2.67%	1.85%	3.19%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NWXVX and VFSAX in my portfolio?

With a correlation of 0.93, NWXVX and VFSAX 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, NWXVX or VFSAX?

VFSAX has higher volatility (4.42%) compared to NWXVX (4.38%). In terms of maximum drawdown, NWXVX dropped -39.61% vs VFSAX's -39.86%.

Which has better risk-adjusted returns?

VFSAX currently has the higher Sharpe Ratio (2.05 vs 1.93), 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.