WSTAX vs. FGIPX

Last updated Jun 23, 2026

WSTAX (Nomura Science and Technology Fund Class A) and FGIPX (Nomura Growth and Income Fund Institutional Class) are both mutual funds - WSTAX is a Technology Equities fund managed by Nomura, while FGIPX is a Large Cap Value Equities fund actively managed by Nomura. Over the past 10 years, WSTAX returned 25.44%/yr vs 13.23%/yr for FGIPX. A 0.69 correlation means they provide meaningful diversification when combined. WSTAX charges 1.17%/yr vs 0.77%/yr for FGIPX.

Performance

WSTAX vs. FGIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nomura Science and Technology Fund Class A (WSTAX) and Nomura Growth and Income Fund Institutional Class (FGIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WSTAX achieves a 45.86% return, which is significantly higher than FGIPX's 18.47% return. Over the past 10 years, WSTAX has outperformed FGIPX with an annualized return of 25.44%, while FGIPX has yielded a comparatively lower 13.23% annualized return.

WSTAX

• 1D: 3.25%
• 1M: 11.72%
• YTD: 45.86%
• 6M: 45.11%
• 1Y: 79.59%
• 3Y*: 52.20%
• 5Y*: 25.77%
• 10Y*: 25.44%

FGIPX

• 1D: -0.20%
• 1M: 2.80%
• YTD: 18.47%
• 6M: 17.70%
• 1Y: 43.42%
• 3Y*: 25.71%
• 5Y*: 17.59%
• 10Y*: 13.23%

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

WSTAX vs. FGIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WSTAX Nomura Science and Technology Fund Class A	45.86%	33.91%	59.64%	40.44%	-32.50%	14.19%	36.12%	50.35%	-5.23%	32.77%
FGIPX Nomura Growth and Income Fund Institutional Class	18.47%	30.18%	15.44%	12.17%	3.28%	21.73%	-4.59%	25.96%	-9.95%	18.52%

Correlation

The correlation between WSTAX and FGIPX is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 5, 2013	0.69

The correlation between WSTAX and FGIPX shifts across timeframes, from 0.57 (3 years) to 0.69 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WSTAX vs. FGIPX — Risk / Return Rank

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

WSTAX

WSTAX Risk / Return Rank: 88
WSTAX Sharpe Ratio Rank: 94
WSTAX Sortino Ratio Rank: 81
WSTAX Omega Ratio Rank: 81
WSTAX Calmar Ratio Rank: 93
WSTAX Martin Ratio Rank: 91

FGIPX

FGIPX Risk / Return Rank: 96
FGIPX Sharpe Ratio Rank: 98
FGIPX Sortino Ratio Rank: 96
FGIPX Omega Ratio Rank: 93
FGIPX Calmar Ratio Rank: 97
FGIPX Martin Ratio Rank: 97

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.

WSTAX vs. FGIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Science and Technology Fund Class A (WSTAX) and Nomura Growth and Income Fund Institutional Class (FGIPX). 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.

	WSTAX	FGIPX	Difference
Sharpe ratio: Return per unit of total volatility	3.02	3.74	-0.72
Sortino ratio: Return per unit of downside risk	3.51	5.13	-1.62
Omega ratio: Gain probability vs. loss probability	1.49	1.67	-0.18
Calmar ratio: Return relative to maximum drawdown	4.73	6.08	-1.36
Martin ratio: Return relative to average drawdown	16.84	23.11	-6.27

WSTAX vs. FGIPX - Sharpe Ratio Comparison

The current WSTAX Sharpe Ratio is 3.02, which is comparable to the FGIPX Sharpe Ratio of 3.74. The chart below compares the historical Sharpe Ratios of WSTAX and FGIPX, 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

WSTAX vs. FGIPX - Drawdown Comparison

The maximum WSTAX drawdown since its inception was -55.39%, which is greater than FGIPX's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for WSTAX and FGIPX.

Drawdown Indicators

	WSTAX	FGIPX	Difference
Max Drawdown Largest peak-to-trough decline	-55.39%	-37.32%	-18.07%
Max Drawdown (1Y) Largest decline over 1 year	-16.73%	-7.26%	-9.47%
Max Drawdown (3Y) Largest decline over 3 years	-27.35%	-13.27%	-14.08%
Max Drawdown (5Y) Largest decline over 5 years	-55.39%	-16.19%	-39.20%
Max Drawdown (10Y) Largest decline over 10 years	-55.39%	-37.32%	-18.07%
Current Drawdown Current decline from peak	0.00%	-1.34%	+1.34%
Average Drawdown Average peak-to-trough decline	-14.92%	-4.16%	-10.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	1.90%	+2.79%

Volatility

WSTAX vs. FGIPX - Volatility Comparison

Nomura Science and Technology Fund Class A (WSTAX) has a higher volatility of 12.47% compared to Nomura Growth and Income Fund Institutional Class (FGIPX) at 4.14%. This indicates that WSTAX's price experiences larger fluctuations and is considered to be riskier than FGIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WSTAX	FGIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.47%	4.14%	+8.33%
Volatility (6M) Calculated over the trailing 6-month period	21.69%	8.80%	+12.89%
Volatility (1Y) Calculated over the trailing 1-year period	26.21%	11.81%	+14.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.28%	14.93%	+22.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.90%	17.14%	+13.76%

WSTAX vs. FGIPX - Expense Ratio Comparison

WSTAX has a 1.17% expense ratio, which is higher than FGIPX's 0.77% expense ratio.

Dividends

WSTAX vs. FGIPX - Dividend Comparison

WSTAX's dividend yield for the trailing twelve months is around 12.56%, more than FGIPX's 9.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGIPX Nomura Growth and Income Fund Institutional Class	9.60%	11.68%	12.69%	7.50%	7.35%	12.20%	2.13%	52.72%	25.63%	5.58%	4.22%	5.88%
WSTAX Nomura Science and Technology Fund Class A	12.56%	18.32%	36.08%	11.62%	33.72%	42.99%	8.89%	11.48%	13.99%	6.95%	0.00%	2.50%

Frequently Asked Questions

Can I hold both WSTAX and FGIPX in my portfolio?

WSTAX and FGIPX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WSTAX or FGIPX?

WSTAX has higher volatility (12.47%) compared to FGIPX (4.14%). In terms of maximum drawdown, WSTAX dropped -55.39% vs FGIPX's -37.32%.

Which has better risk-adjusted returns?

FGIPX currently has the higher Sharpe Ratio (3.74 vs 3.02), 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.