Nationwide Small Cap Index Fund (GMRAX)
The fund employs a "passive" management, or indexing, approach, which seeks to match approximately the performance of the Russell 2000 Index before the deduction of fund expenses. It normally invests at least 80% of its net assets in a statistically selected sampling of equity securities of companies included in the Russell 2000 Index. The Russell 2000 Index is composed of approximately 2,000 common stocks of small-cap U.S. companies in a wide range of businesses.
Fund Info
US63867V7055
Dec 29, 1999
$2,000
Small-Cap
Blend
Expense Ratio
GMRAX has an expense ratio of 0.68%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Nationwide Small Cap Index Fund (GMRAX) returned -6.66% year-to-date (YTD) and 2.77% over the past 12 months. Over the past 10 years, GMRAX returned 6.24% annually, underperforming the S&P 500 benchmark at 10.84%.
GMRAX
-6.66%
5.09%
-14.06%
2.77%
4.20%
9.19%
6.24%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of GMRAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.56% | -5.41% | -6.86% | -2.36% | 5.80% | -6.66% | |||||||
| 2024 | -3.87% | 5.53% | 3.55% | -7.03% | 4.89% | -0.97% | 10.12% | -1.61% | 0.69% | -1.47% | 10.87% | -8.28% | 10.89% |
| 2023 | 9.74% | -1.70% | -4.86% | -1.82% | -0.93% | 8.07% | 5.97% | -5.09% | -5.92% | -6.84% | 8.98% | 12.18% | 16.29% |
| 2022 | -9.70% | 0.98% | 1.24% | -9.98% | 0.10% | -8.26% | 10.50% | -2.11% | -9.64% | 10.98% | 2.25% | -6.46% | -20.82% |
| 2021 | 4.91% | 6.16% | 1.01% | 1.99% | 0.15% | 1.88% | -3.68% | 2.22% | -3.05% | 4.24% | -4.22% | 2.42% | 14.26% |
| 2020 | -3.28% | -8.47% | -21.76% | 13.76% | 6.50% | 3.63% | 2.71% | 5.63% | -3.44% | 2.14% | 18.32% | 8.62% | 19.59% |
| 2019 | 11.19% | 5.14% | -2.14% | 3.33% | -7.85% | 7.01% | 0.61% | -4.98% | 2.06% | 2.52% | 4.10% | 2.88% | 24.88% |
| 2018 | 2.62% | -3.97% | 1.24% | 0.80% | 6.07% | 0.67% | 1.69% | 4.26% | -2.42% | -10.95% | 1.62% | -11.20% | -10.71% |
| 2017 | 0.35% | 1.82% | 0.16% | 1.03% | -2.11% | 3.39% | 0.67% | -1.27% | 6.19% | 0.77% | 2.85% | -0.24% | 14.21% |
| 2016 | -8.80% | -0.09% | 7.99% | 1.53% | 2.22% | -0.06% | 5.92% | 1.69% | 1.09% | -4.80% | 11.13% | 2.75% | 20.82% |
| 2015 | -3.28% | 5.89% | 1.74% | -2.58% | 2.18% | 0.78% | -1.22% | -6.31% | -4.92% | 5.56% | 3.26% | -5.20% | -4.95% |
| 2014 | -2.85% | 4.66% | -0.73% | -3.91% | 0.80% | 5.24% | -6.04% | 4.89% | -6.09% | 6.60% | 0.06% | 2.83% | 4.45% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GMRAX is 14, meaning it’s performing worse than 86% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nationwide Small Cap Index Fund (GMRAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Nationwide Small Cap Index Fund provided a 5.35% dividend yield over the last twelve months, with an annual payout of $0.59 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.59 | $0.12 | $0.15 | $0.84 | $0.07 | $0.72 | $3.94 | $2.45 | $1.02 | $1.58 | $1.17 |
Dividend yield | 5.35% | 4.99% | 1.05% | 1.50% | 6.80% | 0.56% | 7.39% | 46.93% | 17.83% | 7.21% | 12.56% | 7.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Nationwide Small Cap Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.53 | $0.59 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.12 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.12 | $0.15 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.84 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.07 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.69 | $0.72 |
| 2018 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $3.90 | $3.94 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $2.43 | $2.45 |
| 2016 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.98 | $1.02 |
| 2015 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $1.52 | $1.58 |
| 2014 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $1.15 | $1.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Nationwide Small Cap Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nationwide Small Cap Index Fund was 61.27%, occurring on Mar 9, 2009. Recovery took 888 trading sessions.
The current Nationwide Small Cap Index Fund drawdown is 14.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -61.27% | Jul 16, 2007 | 415 | Mar 9, 2009 | 888 | Sep 14, 2012 | 1303 |
| -41.78% | Jan 17, 2020 | 42 | Mar 18, 2020 | 164 | Nov 9, 2020 | 206 |
| -36.88% | Apr 17, 2002 | 122 | Oct 9, 2002 | 236 | Sep 18, 2003 | 358 |
| -32.01% | Nov 9, 2021 | 152 | Jun 16, 2022 | 601 | Nov 6, 2024 | 753 |
| -27.67% | Nov 26, 2024 | 90 | Apr 8, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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