Nationwide Mid Cap Market Index Fund (GMXAX)
The fund normally invests at least 80% of its net assets in equity securities of companies included in the S&P MidCap 400 Index. The S&P MidCap 400 Index includes approximately 400 stocks of mid-cap U.S. companies in a wide range of businesses. The adviser employs a "passive" management, or indexing, approach, which seeks to match approximately the performance of the S&P MidCap 400 Index before the deduction of fund expenses.
Fund Info
US63867U8302
63867U830
Dec 29, 1999
$2,000
Mid-Cap
Blend
Expense Ratio
GMXAX features an expense ratio of 0.68%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nationwide Mid Cap Market Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Nationwide Mid Cap Market Index Fund had a return of 3.40% year-to-date (YTD) and 3.91% in the last 12 months. Over the past 10 years, Nationwide Mid Cap Market Index Fund had an annualized return of -0.77%, while the S&P 500 had an annualized return of 11.29%, indicating that Nationwide Mid Cap Market Index Fund did not perform as well as the benchmark.
GMXAX
3.40%
-0.36%
-2.86%
3.91%
1.83%
-0.77%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of GMXAX, 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 | 3.78% | 3.40% | |||||||||||
| 2024 | -1.78% | 5.90% | 5.53% | -6.10% | 4.33% | -1.61% | 5.74% | -0.11% | 1.10% | -0.79% | 8.81% | -16.17% | 2.23% |
| 2023 | 9.17% | -1.83% | -3.26% | -0.86% | -3.29% | 9.09% | 4.08% | -2.94% | -5.30% | -5.41% | 8.47% | 2.62% | 9.23% |
| 2022 | -7.29% | 1.06% | 1.33% | -7.16% | 0.74% | -9.70% | 10.81% | -3.13% | -9.28% | 10.50% | 6.08% | -12.93% | -20.31% |
| 2021 | 1.43% | 6.77% | 4.65% | 4.42% | 0.15% | -1.09% | 0.31% | 1.88% | -4.06% | 5.83% | -3.00% | -6.39% | 10.45% |
| 2020 | -2.67% | -9.50% | -20.45% | 14.14% | 7.25% | 1.20% | 4.59% | 3.45% | -3.36% | 2.16% | 14.19% | 3.96% | 10.08% |
| 2019 | 10.40% | 4.22% | -0.67% | 4.00% | -8.03% | 7.57% | 1.12% | -4.25% | 2.99% | 1.06% | 2.96% | -1.44% | 20.27% |
| 2018 | 2.82% | -4.50% | 0.88% | -0.28% | 4.05% | 0.35% | 1.75% | 3.12% | -1.16% | -9.58% | 3.04% | -26.13% | -26.38% |
| 2017 | 1.67% | 2.55% | -0.43% | 0.78% | -0.60% | 1.55% | 0.87% | -1.62% | 3.85% | 2.22% | 3.63% | -10.81% | 2.81% |
| 2016 | -5.79% | 1.40% | 8.46% | 1.15% | 2.22% | 0.33% | 4.28% | 0.45% | -0.73% | -2.71% | 7.95% | -5.96% | 10.41% |
| 2015 | -1.18% | 5.10% | 1.23% | -1.53% | 1.71% | -1.37% | 0.10% | -5.64% | -3.29% | 5.62% | 1.29% | -15.20% | -13.93% |
| 2014 | -2.16% | 4.81% | 0.34% | -1.63% | 1.71% | 4.09% | -4.35% | 5.07% | -4.62% | 3.54% | 1.78% | -6.10% | 1.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GMXAX is 10, meaning it’s performing worse than 90% 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 Mid Cap Market Index Fund (GMXAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nationwide Mid Cap Market Index Fund provided a 1.04% dividend yield over the last twelve months, with an annual payout of $0.17 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.17 | $0.17 | $0.16 | $0.16 | $0.13 | $0.13 | $0.15 | $0.22 | $0.15 | $0.17 | $0.17 | $0.16 |
Dividend yield | 1.04% | 1.07% | 1.03% | 1.09% | 0.70% | 0.75% | 0.99% | 1.71% | 0.85% | 0.99% | 1.04% | 0.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Nationwide Mid Cap Market 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 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.17 |
| 2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.09 | $0.16 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.13 |
| 2020 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.13 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.15 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.14 | $0.22 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.12 | $0.15 |
| 2016 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.12 | $0.17 |
| 2015 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.09 | $0.17 |
| 2014 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.12 | $0.16 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Nationwide Mid Cap Market 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 Mid Cap Market Index Fund was 59.87%, occurring on Mar 9, 2009. Recovery took 525 trading sessions.
The current Nationwide Mid Cap Market Index Fund drawdown is 19.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -59.87% | Jul 16, 2007 | 415 | Mar 9, 2009 | 525 | Apr 6, 2011 | 940 |
| -53.37% | Dec 1, 2017 | 579 | Mar 23, 2020 | 246 | Mar 15, 2021 | 825 |
| -33.04% | Nov 17, 2021 | 489 | Oct 27, 2023 | — | — | — |
| -32.09% | Apr 17, 2002 | 122 | Oct 9, 2002 | 267 | Oct 31, 2003 | 389 |
| -28.95% | Nov 28, 2014 | 303 | Feb 11, 2016 | 453 | Nov 28, 2017 | 756 |
Volatility
Volatility Chart
The current Nationwide Mid Cap Market Index Fund volatility is 3.69%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.