Nationwide Small Cap Index Fund (GMRAX) belongs to the Small Cap Blend Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GMRAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GMRAX
GMRAX charges 0.68% annually. There are 37 mutual funds in the Small Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Small Cap Index Fund | 0.03% | — | Sep 2011 | GMRAX vs FSSNX | |
| Vanguard Small-Cap Index Fund Institutional Plus S... | 0.03% | — | Dec 2010 | GMRAX vs VSCPX | |
| Schwab Small-Cap Index Fund-Select Shares | 0.04% | 7.66B | May 1997 | GMRAX vs SWSSX | |
| Vanguard Small-Cap Index Fund Institutional Shares | 0.04% | 182.70B | Jul 1997 | GMRAX vs VSCIX | |
| Vanguard Small-Cap Index Fund Admiral Shares | 0.05% | 182.70B | Nov 2000 | GMRAX vs VSMAX |
Best Risk-Adjusted Alternatives to GMRAX
GMRAX has a PortfoliosLab risk / return rank of 67. There are 73 mutual funds in the Small Cap Blend Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Keeley Small Cap Fund Class Institutional | 94 | — | Apr 1997 | GMRAX vs WWSIX | |
| TETON Westwood SmallCap Equity Fund | 94 | — | Apr 1997 | GMRAX vs WESCX | |
| MainStay WMC Small Companies Fund | 92 | — | Jan 1987 | GMRAX vs MOPIX | |
| River Oak Discovery Fund | 92 | — | Jun 2005 | GMRAX vs RIVSX | |
| Royce Micro Cap Series Fund | 90 | — | Dec 1991 | GMRAX vs RYOTX |
Top Performing GMRAX Alternatives (YTD)
GMRAX is at 20.34% YTD. There are 68 mutual funds in the Small Cap Blend Equities category with higher YTD returns, going as high as 40.81%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Royce Micro Cap Series Fund | 40.81% | — | Dec 1991 | GMRAX vs RYOTX | |
| Paradigm Micro-cap Fund | 37.88% | — | Dec 2007 | GMRAX vs PVIVX | |
| River Oak Discovery Fund | 34.61% | — | Jun 2005 | GMRAX vs RIVSX | |
| Hodges Small Cap Fund | 33.25% | — | Dec 2007 | GMRAX vs HDPSX | |
| Keeley Small Cap Fund Class Institutional | 32.59% | — | Apr 1997 | GMRAX vs WWSIX |
Lowest Volatility Alternatives to GMRAX
GMRAX has 19.73% 1-year volatility. There are 145 mutual funds in the Small Cap Blend Equities category with lower 1-year volatility, going as low as 13.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Hennessy Cornerstone Growth Fund | 13.47% | — | Nov 1996 | GMRAX vs HFCGX | |
| DFA International Small Company Portfolio | 14.11% | — | Sep 1996 | GMRAX vs DFISX | |
| Copeland SMID Cap Dividend Growth Fund | 14.66% | — | Feb 2017 | GMRAX vs CSMDX | |
| DWS Small Cap Core Fund | 14.84% | — | Jul 2000 | GMRAX vs SSLCX | |
| Boston Trust Small Cap Fund | 15.20% | — | — | GMRAX vs BOSOX |
Lowest Drawdown Alternatives to GMRAX
GMRAX has a 1-year max drawdown of -11.06%. There are 122 mutual funds in the Small Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -7.63%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Voya Index Plus SmallCap Portfolio | -7.63% | — | Dec 1997 | GMRAX vs IPSIX | |
| Hennessy Cornerstone Growth Fund | -7.82% | — | Nov 1996 | GMRAX vs HFCGX | |
| Vanguard Strategic Small-Cap Equity Fund | -8.08% | 2.90B | Apr 2006 | GMRAX vs VSTCX | |
| DFA U.S. Micro Cap Portfolio | -8.17% | — | Dec 1981 | GMRAX vs DFSCX | |
| Sit Small Cap Dividend Growth Fund | -8.22% | — | Mar 2015 | GMRAX vs SSCDX |
Other Mutual Funds from Nationwide
The 10 most viewed Nationwide mutual funds shown here include NWXHX, GRISX, NWJCX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | Multisector Bonds | 99 | 2.37% | — | Nov 2015 | GMRAX vs NWXHX | |
| Nationwide S&P 500 Index Fund | S&P 500 | 64 | 10.00% | — | Nov 1998 | GMRAX vs GRISX | |
| Nationwide NYSE Arca Tech 100 Index Fund | Technology Equities | 81 | 28.26% | — | Jun 1996 | GMRAX vs NWJCX | |
| Nationwide Bailard Technology and Science Fund | Technology Equities | 29 | 22.33% | — | May 2001 | GMRAX vs NWHQX | |
| Nationwide GQG US Quality Equity Fund | Large Cap Blend Equities | 4 | 2.29% | — | Jan 2021 | GMRAX vs NWAUX | |
| Nationwide International Index Fund | Foreign Large Cap Equities | 34 | 10.19% | — | Dec 1999 | GMRAX vs GIIAX | |
| Nationwide Strategic Income A | Multisector Bonds | 99 | 2.33% | — | Nov 2015 | GMRAX vs NWXEX | |
| Nationwide Geneva Mid Cap Growth Fund | Mid Cap Growth Equities | 1 | -4.20% | — | Jan 1999 | GMRAX vs NWHVX | |
| Nationwide Mid Cap Market Index Fund | Mid Cap Blend Equities | 48 | 15.14% | — | Dec 1999 | GMRAX vs GMXAX | |
| Nationwide Investor Destinations Moderately Aggres... | Diversified Portfolio | 69 | 10.76% | — | Mar 2000 | GMRAX vs NDMAX |
Often Compared With GMRAX
Investors most often compare GMRAX with VOO, DFAS, NADCX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare GMRAX with Any Fund or Stock
Compare GMRAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GMRAX with funds that move differently
Nationwide Small Cap Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GMRAX.
Explore GMRAX Diversifiers