TSI vs. NWXHX
TSI (TCW Strategic Income Fund Inc.) and NWXHX (Nationwide Amundi Strategic Income Fund) are both Multisector Bonds funds. Over the past 10 years, TSI returned 4.84%/yr vs 6.55%/yr for NWXHX. Their 0.05 correlation means their historical movements had little consistent relationship.
Performance
TSI vs. NWXHX - 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 NWXHX's 2.57% return. Over the past 10 years, TSI has underperformed NWXHX with an annualized return of 4.84%, while NWXHX has yielded a comparatively higher 6.55% 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%
NWXHX
- 1D
- 0.10%
- 1M
- 0.00%
- 6M
- 1.77%
- YTD
- 2.57%
- 1Y
- 5.61%
- 3Y*
- 7.95%
- 5Y*
- 6.64%
- 10Y*
- 6.55%
- ALL TIME*
- 6.98%
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. NWXHX - 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% |
NWXHX Nationwide Amundi Strategic Income Fund | 2.57% | 7.36% | 9.76% | 9.39% | 3.56% | 4.86% | 3.48% | 10.18% | -0.11% | 11.16% |
Correlation
The correlation between TSI and NWXHX is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.05 |
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Return for Risk
TSI vs. NWXHX — Risk / Return Rank
TSI
NWXHX
TSI vs. NWXHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Strategic Income Fund Inc. (TSI) and Nationwide Amundi Strategic Income Fund (NWXHX). 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 | NWXHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.16 | ||
| Sortino ratioReturn per unit of downside risk | -8.91 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 2.43 | -1.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 13.86 | -14.21 |
| Martin ratioReturn relative to average drawdown | -0.67 | 46.17 | -46.84 |
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Drawdowns
TSI vs. NWXHX - Drawdown Comparison
The maximum TSI drawdown since its inception was -60.35%, which is greater than NWXHX's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for TSI and NWXHX.
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Drawdown Indicators
| TSI | NWXHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | -22.96% | -37.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -0.41% | -7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -1.99% | -6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -5.52% | -13.04% |
Max Drawdown (10Y)Largest decline over 10 years | -30.00% | -22.96% | -7.04% |
Current DrawdownCurrent decline from peak | -7.02% | -0.10% | -6.92% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -1.03% | -6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 0.12% | +4.13% |
Volatility
TSI vs. NWXHX - Volatility Comparison
TCW Strategic Income Fund Inc. (TSI) has a higher volatility of 2.22% compared to Nationwide Amundi Strategic Income Fund (NWXHX) at 0.32%. This indicates that TSI's price experiences larger fluctuations and is considered to be riskier than NWXHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSI | NWXHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 0.32% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 0.91% | +6.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.40% | 1.17% | +7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.83% | 3.69% | +7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 4.40% | +9.63% |
Dividends
TSI vs. NWXHX - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 8.45%, more than NWXHX's 5.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWXHX Nationwide Amundi Strategic Income Fund | 5.27% | 5.19% | 5.09% | 4.57% | 16.34% | 4.20% | 4.92% | 3.94% | 4.59% | 8.67% | 7.55% | 0.00% |
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 NWXHX have a correlation of 0.08, 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 NWXHX (0.32%). In terms of maximum drawdown, TSI dropped -60.35% vs NWXHX's -22.96%.
NWXHX currently has the higher Sharpe Ratio (4.82 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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