NWZNX vs. GIIAX
NWZNX (Nationwide Loomis All Cap Growth Fund) and GIIAX (Nationwide International Index Fund) are both mutual funds - NWZNX is a Large Cap Growth Equities fund managed by Nationwide, while GIIAX is a Foreign Large Cap Equities fund managed by Nationwide. Over the past 5 years, NWZNX returned 8.48%/yr vs 8.87%/yr for GIIAX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. NWZNX charges 1.07%/yr vs 0.71%/yr for GIIAX.
Performance
NWZNX vs. GIIAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NWZNX achieves a -6.11% return, which is significantly lower than GIIAX's 12.14% return.
NWZNX
- 1D
- 0.32%
- 1M
- -3.65%
- 6M
- -4.19%
- YTD
- -6.11%
- 1Y
- -1.78%
- 3Y*
- 13.94%
- 5Y*
- 8.48%
- 10Y*
- —
- ALL TIME*
- 13.68%
GIIAX
- 1D
- 2.95%
- 1M
- 1.95%
- 6M
- 6.79%
- YTD
- 12.14%
- 1Y
- 25.41%
- 3Y*
- 15.66%
- 5Y*
- 8.87%
- 10Y*
- 8.98%
- ALL TIME*
- 4.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NWZNX vs. GIIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWZNX Nationwide Loomis All Cap Growth Fund | -6.11% | 13.28% | 32.96% | 44.70% | -27.67% | 16.89% | 30.82% | 30.51% | -2.95% | 12.69% |
GIIAX Nationwide International Index Fund | 12.14% | 31.11% | 3.05% | 16.88% | -14.43% | 10.67% | 7.26% | 21.56% | -14.10% | 7.79% |
Correlation
The correlation between NWZNX and GIIAX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2017 | 0.70 |
The correlation between NWZNX and GIIAX has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NWZNX vs. GIIAX — Risk / Return Rank
NWZNX
GIIAX
NWZNX vs. GIIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Loomis All Cap Growth Fund (NWZNX) and Nationwide International Index Fund (GIIAX). 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.
| NWZNX | GIIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.28 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 2.13 | -2.32 |
| Martin ratioReturn relative to average drawdown | -0.45 | 7.84 | -8.29 |
Loading charts...
Drawdowns
NWZNX vs. GIIAX - Drawdown Comparison
The maximum NWZNX drawdown since its inception was -36.41%, smaller than the maximum GIIAX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for NWZNX and GIIAX.
Loading charts...
Drawdown Indicators
| NWZNX | GIIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.41% | -61.28% | +24.87% |
Max Drawdown (1Y)Largest decline over 1 year | -19.85% | -11.21% | -8.64% |
Max Drawdown (3Y)Largest decline over 3 years | -24.01% | -13.63% | -10.38% |
Max Drawdown (5Y)Largest decline over 5 years | -36.41% | -29.61% | -6.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.23% | — |
Current DrawdownCurrent decline from peak | -11.91% | 0.00% | -11.91% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -15.97% | +8.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.34% | 3.04% | +5.30% |
Volatility
NWZNX vs. GIIAX - Volatility Comparison
Nationwide Loomis All Cap Growth Fund (NWZNX) and Nationwide International Index Fund (GIIAX) have volatilities of 5.08% and 4.88%, 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.
Loading charts...
Volatility by Period
| NWZNX | GIIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.88% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 13.38% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 15.51% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.73% | 15.87% | +6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 16.12% | +5.66% |
NWZNX vs. GIIAX - Expense Ratio Comparison
NWZNX has a 1.07% expense ratio, which is higher than GIIAX's 0.71% expense ratio.
Dividends
NWZNX vs. GIIAX - Dividend Comparison
NWZNX's dividend yield for the trailing twelve months is around 9.19%, more than GIIAX's 6.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIIAX Nationwide International Index Fund | 6.54% | 7.14% | 3.84% | 2.99% | 1.90% | 3.69% | 1.58% | 4.20% | 6.17% | 6.21% | 2.87% | 3.36% |
NWZNX Nationwide Loomis All Cap Growth Fund | 9.19% | 8.63% | 9.42% | 7.12% | 8.43% | 10.57% | 2.57% | 1.35% | 8.44% | 0.42% | 0.00% | 0.00% |
Frequently Asked Questions
NWZNX and GIIAX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWZNX has higher volatility (5.08%) compared to GIIAX (4.88%). In terms of maximum drawdown, NWZNX dropped -36.41% vs GIIAX's -61.28%.
GIIAX currently has the higher Sharpe Ratio (1.54 vs -0.22), 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.
Find the right allocation for NWZNX and GIIAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer