TEFQX vs. NWJCX
TEFQX (Firsthand Technology Opportunities Fund) and NWJCX (Nationwide NYSE Arca Tech 100 Index Fund) are both Technology Equities funds. Over the past 10 years, TEFQX returned 3.95%/yr vs 18.50%/yr for NWJCX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. TEFQX charges 1.85%/yr vs 0.65%/yr for NWJCX.
Performance
TEFQX vs. NWJCX - Performance Comparison
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Returns By Period
In the year-to-date period, TEFQX achieves a -8.13% return, which is significantly lower than NWJCX's 20.98% return. Over the past 10 years, TEFQX has underperformed NWJCX with an annualized return of 3.95%, while NWJCX has yielded a comparatively higher 18.50% annualized return.
TEFQX
- 1D
- 6.10%
- 1M
- -14.39%
- 6M
- -3.62%
- YTD
- -8.13%
- 1Y
- -6.42%
- 3Y*
- -4.98%
- 5Y*
- -20.77%
- 10Y*
- 3.95%
- ALL TIME*
- -0.59%
NWJCX
- 1D
- 3.70%
- 1M
- -2.18%
- 6M
- 14.37%
- YTD
- 20.98%
- 1Y
- 35.40%
- 3Y*
- 25.29%
- 5Y*
- 15.00%
- 10Y*
- 18.50%
- ALL TIME*
- 16.66%
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 |
TEFQX vs. NWJCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEFQX Firsthand Technology Opportunities Fund | -8.13% | 29.82% | -22.02% | 10.81% | -60.11% | -16.48% | 97.04% | 28.50% | 4.31% | 55.45% |
NWJCX Nationwide NYSE Arca Tech 100 Index Fund | 20.98% | 19.96% | 18.77% | 41.70% | -21.56% | 25.46% | 24.25% | 33.67% | 0.51% | 31.31% |
Correlation
The correlation between TEFQX and NWJCX is 0.71, 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. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013 | 0.74 |
The correlation between TEFQX and NWJCX has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
TEFQX vs. NWJCX — Risk / Return Rank
TEFQX
NWJCX
TEFQX vs. NWJCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Firsthand Technology Opportunities Fund (TEFQX) and Nationwide NYSE Arca Tech 100 Index Fund (NWJCX). 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.
| TEFQX | NWJCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.26 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 3.20 | -3.55 |
| Martin ratioReturn relative to average drawdown | -0.80 | 10.22 | -11.02 |
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Drawdowns
TEFQX vs. NWJCX - Drawdown Comparison
The maximum TEFQX drawdown since its inception was -92.33%, which is greater than NWJCX's maximum drawdown of -31.31%. Use the drawdown chart below to compare losses from any high point for TEFQX and NWJCX.
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Drawdown Indicators
| TEFQX | NWJCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.33% | -31.31% | -61.02% |
Max Drawdown (1Y)Largest decline over 1 year | -31.51% | -10.18% | -21.33% |
Max Drawdown (3Y)Largest decline over 3 years | -61.62% | -21.21% | -40.41% |
Max Drawdown (5Y)Largest decline over 5 years | -78.25% | -31.31% | -46.94% |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | -31.31% | -48.86% |
Current DrawdownCurrent decline from peak | -71.54% | -6.43% | -65.11% |
Average DrawdownAverage peak-to-trough decline | -60.16% | -5.10% | -55.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.71% | 3.19% | +10.52% |
Volatility
TEFQX vs. NWJCX - Volatility Comparison
Firsthand Technology Opportunities Fund (TEFQX) has a higher volatility of 12.86% compared to Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) at 7.24%. This indicates that TEFQX's price experiences larger fluctuations and is considered to be riskier than NWJCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEFQX | NWJCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.86% | 7.24% | +5.62% |
Volatility (6M)Calculated over the trailing 6-month period | 31.86% | 18.10% | +13.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.27% | 21.45% | +16.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.41% | 22.14% | +52.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.78% | 21.71% | +34.07% |
TEFQX vs. NWJCX - Expense Ratio Comparison
TEFQX has a 1.85% expense ratio, which is higher than NWJCX's 0.65% expense ratio.
Dividends
TEFQX vs. NWJCX - Dividend Comparison
TEFQX has not paid dividends to shareholders, while NWJCX's dividend yield for the trailing twelve months is around 3.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWJCX Nationwide NYSE Arca Tech 100 Index Fund | 3.55% | 4.27% | 31.15% | 11.59% | 17.83% | 8.74% | 5.04% | 1.98% | 2.59% | 3.94% | 0.74% | 0.64% |
TEFQX Firsthand Technology Opportunities Fund | 0.00% | 0.00% | 0.00% | 1.91% | 54.72% | 6.88% | 15.27% | 5.54% | 0.00% | 0.00% | 27.74% | 0.00% |
Frequently Asked Questions
TEFQX and NWJCX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEFQX has higher volatility (12.86%) compared to NWJCX (7.24%). In terms of maximum drawdown, TEFQX dropped -92.33% vs NWJCX's -31.31%.
NWJCX currently has the higher Sharpe Ratio (1.52 vs -0.29), 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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