TEFQX vs. NWJCX

Last updated Jun 23, 2026

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 6.74%/yr vs 19.97%/yr for NWJCX. A 0.74 correlation means they provide meaningful diversification when combined. TEFQX charges 1.85%/yr vs 0.65%/yr for NWJCX.

Performance

TEFQX vs. NWJCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Firsthand Technology Opportunities Fund (TEFQX) and Nationwide NYSE Arca Tech 100 Index Fund (NWJCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEFQX achieves a 12.80% return, which is significantly lower than NWJCX's 28.26% return. Over the past 10 years, TEFQX has underperformed NWJCX with an annualized return of 6.74%, while NWJCX has yielded a comparatively higher 19.97% annualized return.

TEFQX

• 1D: 2.97%
• 1M: -5.61%
• YTD: 12.80%
• 6M: 7.98%
• 1Y: 23.06%
• 3Y*: 5.48%
• 5Y*: -16.34%
• 10Y*: 6.74%

NWJCX

• 1D: 1.83%
• 1M: 6.63%
• YTD: 28.26%
• 6M: 26.64%
• 1Y: 48.72%
• 3Y*: 29.42%
• 5Y*: 17.52%
• 10Y*: 19.97%

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

TEFQX vs. NWJCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEFQX Firsthand Technology Opportunities Fund	12.80%	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	28.26%	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 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	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.

Return for Risk

TEFQX vs. NWJCX — Risk / Return Rank

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

TEFQX

TEFQX Risk / Return Rank: 8
TEFQX Sharpe Ratio Rank: 8
TEFQX Sortino Ratio Rank: 9
TEFQX Omega Ratio Rank: 9
TEFQX Calmar Ratio Rank: 8
TEFQX Martin Ratio Rank: 8

NWJCX

NWJCX Risk / Return Rank: 81
NWJCX Sharpe Ratio Rank: 82
NWJCX Sortino Ratio Rank: 70
NWJCX Omega Ratio Rank: 68
NWJCX Calmar Ratio Rank: 93
NWJCX Martin Ratio Rank: 92

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.

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 ratio: Return per unit of total volatility	0.64	2.46	-1.82
Sortino ratio: Return per unit of downside risk	1.04	3.16	-2.12
Omega ratio: Gain probability vs. loss probability	1.13	1.42	-0.29
Calmar ratio: Return relative to maximum drawdown	0.79	4.74	-3.95
Martin ratio: Return relative to average drawdown	1.95	17.82	-15.87

TEFQX vs. NWJCX - Sharpe Ratio Comparison

The current TEFQX Sharpe Ratio is 0.64, which is lower than the NWJCX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of TEFQX and NWJCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	TEFQX	NWJCX	Difference
Max Drawdown Largest peak-to-trough decline	-92.33%	-31.31%	-61.02%
Max Drawdown (1Y) Largest decline over 1 year	-29.26%	-10.18%	-19.08%
Max Drawdown (3Y) Largest decline over 3 years	-61.62%	-21.21%	-40.41%
Max Drawdown (5Y) Largest decline over 5 years	-79.25%	-31.31%	-47.94%
Max Drawdown (10Y) Largest decline over 10 years	-80.17%	-31.31%	-48.86%
Current Drawdown Current decline from peak	-65.06%	-0.12%	-64.94%
Average Drawdown Average peak-to-trough decline	-60.13%	-5.10%	-55.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.62%	2.70%	+8.92%

Volatility

TEFQX vs. NWJCX - Volatility Comparison

Firsthand Technology Opportunities Fund (TEFQX) has a higher volatility of 17.18% compared to Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) at 9.33%. 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.

Volatility by Period

	TEFQX	NWJCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.18%	9.33%	+7.85%
Volatility (6M) Calculated over the trailing 6-month period	29.25%	16.62%	+12.63%
Volatility (1Y) Calculated over the trailing 1-year period	35.89%	19.63%	+16.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.19%	21.82%	+52.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.60%	21.63%	+33.97%

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 3.35%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWJCX Nationwide NYSE Arca Tech 100 Index Fund	3.35%	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

Can I hold both TEFQX and NWJCX in my portfolio?

TEFQX and NWJCX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEFQX or NWJCX?

TEFQX has higher volatility (17.18%) compared to NWJCX (9.33%). In terms of maximum drawdown, TEFQX dropped -92.33% vs NWJCX's -31.31%.

Which has better risk-adjusted returns?

NWJCX currently has the higher Sharpe Ratio (2.46 vs 0.64), 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.