TSI vs. NWXEX
TSI (TCW Strategic Income Fund Inc.) and NWXEX (Nationwide Strategic Income A) are both Multisector Bonds funds. Over the past 10 years, TSI returned 4.84%/yr vs 6.27%/yr for NWXEX. Their 0.04 correlation means their historical movements had little consistent relationship.
Performance
TSI vs. NWXEX - Performance Comparison
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Returns By Period
In the year-to-date period, TSI achieves a -6.99% return, which is significantly lower than NWXEX's 2.50% return. Over the past 10 years, TSI has underperformed NWXEX with an annualized return of 4.84%, while NWXEX has yielded a comparatively higher 6.27% annualized return.
TSI
- 1D
- 0.68%
- 1M
- -0.93%
- 6M
- -5.87%
- YTD
- -6.99%
- 1Y
- -2.84%
- 3Y*
- 6.15%
- 5Y*
- 1.78%
- 10Y*
- 4.84%
- ALL TIME*
- 9.37%
NWXEX
- 1D
- 0.20%
- 1M
- -0.03%
- 6M
- 1.72%
- YTD
- 2.50%
- 1Y
- 5.28%
- 3Y*
- 7.60%
- 5Y*
- 6.37%
- 10Y*
- 6.27%
- ALL TIME*
- 6.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $578.11K | $579.83K | $538.15K |
TSI vs. NWXEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSI TCW Strategic Income Fund Inc. | -6.99% | 9.72% | 13.45% | 7.13% | -14.33% | 8.08% | 3.77% | 17.97% | -3.83% | 16.42% |
NWXEX Nationwide Strategic Income A | 2.50% | 6.97% | 9.36% | 9.00% | 3.50% | 4.64% | 3.24% | 9.84% | -0.39% | 10.86% |
Correlation
The correlation between TSI and NWXEX is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2015 | 0.04 |
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Return for Risk
TSI vs. NWXEX — Risk / Return Rank
TSI
NWXEX
TSI vs. NWXEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Strategic Income Fund Inc. (TSI) and Nationwide Strategic Income A (NWXEX). 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.
| TSI | NWXEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.70 | ||
| Sortino ratioReturn per unit of downside risk | -7.83 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 2.27 | -1.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 12.54 | -12.89 |
| Martin ratioReturn relative to average drawdown | -0.67 | 47.70 | -48.37 |
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Drawdowns
TSI vs. NWXEX - Drawdown Comparison
The maximum TSI drawdown since its inception was -60.35%, which is greater than NWXEX's maximum drawdown of -22.97%. Use the drawdown chart below to compare losses from any high point for TSI and NWXEX.
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Drawdown Indicators
| TSI | NWXEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | -22.97% | -37.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -0.43% | -7.87% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -1.89% | -6.41% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -5.60% | -12.96% |
Max Drawdown (10Y)Largest decline over 10 years | -30.00% | -22.97% | -7.03% |
Current DrawdownCurrent decline from peak | -7.02% | -0.03% | -6.99% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -1.08% | -6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 0.11% | +4.14% |
Volatility
TSI vs. NWXEX - Volatility Comparison
TCW Strategic Income Fund Inc. (TSI) has a higher volatility of 2.22% compared to Nationwide Strategic Income A (NWXEX) at 0.38%. This indicates that TSI's price experiences larger fluctuations and is considered to be riskier than NWXEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSI | NWXEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 0.38% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 0.97% | +6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.40% | 1.24% | +7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.83% | 3.65% | +7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 4.39% | +9.64% |
Dividends
TSI vs. NWXEX - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 8.45%, more than NWXEX's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWXEX Nationwide Strategic Income A | 4.96% | 4.93% | 4.73% | 4.33% | 16.14% | 3.99% | 4.70% | 3.63% | 4.30% | 8.40% | 7.21% | 0.43% |
TSI TCW Strategic Income Fund Inc. | 8.45% | 6.58% | 8.00% | 7.73% | 7.00% | 6.36% | 4.83% | 7.39% | 7.07% | 5.36% | 5.21% | 4.08% |
Frequently Asked Questions
TSI and NWXEX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSI has higher volatility (2.22%) compared to NWXEX (0.38%). In terms of maximum drawdown, TSI dropped -60.35% vs NWXEX's -22.97%.
NWXEX currently has the higher Sharpe Ratio (4.36 vs -0.34), 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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