USGRX vs. NWAUX

Last updated Jun 5, 2026

USGRX (USAA Growth & Income Fund) and NWAUX (Nationwide GQG US Quality Equity Fund) are both Large Cap Blend Equities funds. Over the past 5 years, USGRX returned 12.03%/yr vs 10.15%/yr for NWAUX. A 0.70 correlation means they provide meaningful diversification when combined. USGRX charges 0.81%/yr vs 0.74%/yr for NWAUX.

Performance

USGRX vs. NWAUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Growth & Income Fund (USGRX) and Nationwide GQG US Quality Equity Fund (NWAUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USGRX achieves a 9.42% return, which is significantly higher than NWAUX's 6.26% return.

USGRX

• 1D: -0.61%
• 1M: 3.53%
• YTD: 9.42%
• 6M: 9.25%
• 1Y: 24.69%
• 3Y*: 20.42%
• 5Y*: 12.03%
• 10Y*: 13.04%

NWAUX

• 1D: -1.09%
• 1M: -1.63%
• YTD: 6.26%
• 6M: 7.56%
• 1Y: 5.22%
• 3Y*: 12.93%
• 5Y*: 10.15%
• 10Y*: —

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

USGRX vs. NWAUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
USGRX USAA Growth & Income Fund	9.42%	15.94%	21.47%	26.69%	-18.52%	20.32%
NWAUX Nationwide GQG US Quality Equity Fund	6.26%	-4.92%	27.90%	18.30%	-3.23%	22.65%

Correlation

The correlation between USGRX and NWAUX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021	0.70

Over the past year, the correlation between USGRX and NWAUX has dropped to 0.14 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

USGRX vs. NWAUX — Risk / Return Rank

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

USGRX

USGRX Risk / Return Rank: 71
USGRX Sharpe Ratio Rank: 70
USGRX Sortino Ratio Rank: 66
USGRX Omega Ratio Rank: 64
USGRX Calmar Ratio Rank: 73
USGRX Martin Ratio Rank: 80

NWAUX

NWAUX Risk / Return Rank: 6
NWAUX Sharpe Ratio Rank: 6
NWAUX Sortino Ratio Rank: 6
NWAUX Omega Ratio Rank: 5
NWAUX Calmar Ratio Rank: 7
NWAUX Martin Ratio Rank: 6

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.

USGRX vs. NWAUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Growth & Income Fund (USGRX) and Nationwide GQG US Quality Equity Fund (NWAUX). 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.

	USGRX	NWAUX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	0.44	+1.99
Sortino ratio: Return per unit of downside risk	3.40	0.70	+2.70
Omega ratio: Gain probability vs. loss probability	1.44	1.08	+0.36
Calmar ratio: Return relative to maximum drawdown	3.31	0.66	+2.64
Martin ratio: Return relative to average drawdown	14.69	1.46	+13.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USGRX vs. NWAUX - Sharpe Ratio Comparison

The current USGRX Sharpe Ratio is 2.43, which is higher than the NWAUX Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of USGRX and NWAUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USGRX	NWAUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	0.44	+1.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.63	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.76	-0.27

Drawdowns

USGRX vs. NWAUX - Drawdown Comparison

The maximum USGRX drawdown since its inception was -56.93%, which is greater than NWAUX's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for USGRX and NWAUX.

Drawdown Indicators

	USGRX	NWAUX	Difference
Max Drawdown Largest peak-to-trough decline	-56.93%	-21.07%	-35.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-6.70%	-0.77%
Max Drawdown (3Y) Largest decline over 3 years	-29.29%	-19.31%	-9.98%
Max Drawdown (5Y) Largest decline over 5 years	-30.81%	-21.07%	-9.74%
Max Drawdown (10Y) Largest decline over 10 years	-34.48%	—	—
Current Drawdown Current decline from peak	-0.61%	-9.95%	+9.34%
Average Drawdown Average peak-to-trough decline	-8.71%	-6.93%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	3.03%	-1.35%

Volatility

USGRX vs. NWAUX - Volatility Comparison

The current volatility for USAA Growth & Income Fund (USGRX) is 2.21%, while Nationwide GQG US Quality Equity Fund (NWAUX) has a volatility of 3.63%. This indicates that USGRX experiences smaller price fluctuations and is considered to be less risky than NWAUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USGRX	NWAUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	3.63%	-1.42%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	7.70%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	10.09%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.85%	16.10%	+4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	15.93%	+4.16%

USGRX vs. NWAUX - Expense Ratio Comparison

USGRX has a 0.81% expense ratio, which is higher than NWAUX's 0.74% expense ratio.

Dividends

USGRX vs. NWAUX - Dividend Comparison

USGRX's dividend yield for the trailing twelve months is around 7.51%, more than NWAUX's 4.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWAUX Nationwide GQG US Quality Equity Fund	4.84%	4.35%	13.58%	0.40%	1.93%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USGRX USAA Growth & Income Fund	7.51%	8.06%	20.65%	0.93%	12.58%	11.97%	0.84%	24.69%	11.92%	5.12%	1.26%	6.45%

Frequently Asked Questions

Can I hold both USGRX and NWAUX in my portfolio?

USGRX and NWAUX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USGRX or NWAUX?

NWAUX has higher volatility (3.63%) compared to USGRX (2.21%). In terms of maximum drawdown, USGRX dropped -56.93% vs NWAUX's -21.07%.

Which has better risk-adjusted returns?

USGRX currently has the higher Sharpe Ratio (2.43 vs 0.44), 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.