Nationwide S&P 500 Index Fund Class R (GRMRX) belongs to the S&P 500 category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GRMRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GRMRX
GRMRX charges 0.93% annually. There are 31 mutual funds in the S&P 500 category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares S&P 500 Index Fund Class G | 0.01% | — | Jul 2019 | GRMRX vs BSPGX | |
| State Street Equity 500 Index Fund Class K | 0.02% | — | Sep 2014 | GRMRX vs SSSYX | |
| Schwab S&P 500 Index Fund | 0.02% | 143.85B | May 1997 | GRMRX vs SWPPX | |
| Fidelity 500 Index Fund | 0.02% | — | Feb 1988 | GRMRX vs FXAIX | |
| Vanguard Institutional Index Fund Institutional Pl... | 0.02% | 355.20B | Jul 1997 | GRMRX vs VIIIX |
Best Risk-Adjusted Alternatives to GRMRX
GRMRX has a PortfoliosLab risk / return rank of 61. There are 28 mutual funds in the S&P 500 category with higher risk-adjusted ranks, going as high as 67.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Institutional Investments Trust S&P 500 Index ... | 67 | — | Dec 2013 | GRMRX vs SPINX | |
| Fidelity 500 Index Fund | 66 | — | Feb 1988 | GRMRX vs FXAIX | |
| Vanguard Institutional Index Fund Institutional Pl... | 66 | 355.20B | Jul 1997 | GRMRX vs VIIIX | |
| State Street Equity 500 Index Fund Class K | 66 | — | Sep 2014 | GRMRX vs SSSYX | |
| Vanguard Institutional Index Fund Institutional Sh... | 66 | 355.20B | Jul 1990 | GRMRX vs VINIX |
Top Performing GRMRX Alternatives (YTD)
GRMRX is at 9.75% YTD. There are 31 mutual funds in the S&P 500 category with higher YTD returns, going as high as 14.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Monthly S&P 500 Bull 1.75X Fund | 14.48% | — | May 2006 | GRMRX vs DXSLX | |
| Victory 500 Index Fund | 10.43% | — | May 2002 | GRMRX vs USPRX | |
| Fidelity 500 Index Fund | 10.19% | — | Feb 1988 | GRMRX vs FXAIX | |
| Vanguard Institutional Index Fund Institutional Pl... | 10.19% | 355.20B | Jul 1997 | GRMRX vs VIIIX | |
| State Street Equity 500 Index Fund Class K | 10.18% | — | Sep 2014 | GRMRX vs SSSYX |
Lowest Volatility Alternatives to GRMRX
GRMRX has 12.47% 1-year volatility. There are 12 mutual funds in the S&P 500 category with lower 1-year volatility, going as low as 9.27%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Equity Premium Income Fund | 9.27% | 236.88M | Feb 2016 | GRMRX vs PUTW | |
| CBOE Vest S&P 500 Dividend Aristocrats Target Inco... | 10.84% | — | Sep 2017 | GRMRX vs KNGLX | |
| Invesco Equally-Weighted S&P 500 Fund | 11.90% | — | Jul 1997 | GRMRX vs VADDX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | 12.42% | — | Nov 2005 | GRMRX vs SPXX | |
| Shelton Capital Management S&P 500 Index Fund | 12.42% | — | Apr 1992 | GRMRX vs SPFIX |
Lowest Drawdown Alternatives to GRMRX
GRMRX has a 1-year max drawdown of -9.01%. There are 30 mutual funds in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -7.15%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Equity Premium Income Fund | -7.15% | 236.88M | Feb 2016 | GRMRX vs PUTW | |
| Invesco Equally-Weighted S&P 500 Fund | -7.88% | — | Jul 1997 | GRMRX vs VADDX | |
| State Street Equity 500 Index Fund Class K | -8.88% | — | Sep 2014 | GRMRX vs SSSYX | |
| Schwab S&P 500 Index Fund | -8.89% | 143.85B | May 1997 | GRMRX vs SWPPX | |
| Fidelity 500 Index Fund | -8.89% | — | Feb 1988 | GRMRX vs FXAIX |
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 | GRMRX vs NWXHX | |
| Nationwide S&P 500 Index Fund | S&P 500 | 64 | 10.00% | — | Nov 1998 | GRMRX vs GRISX | |
| Nationwide NYSE Arca Tech 100 Index Fund | Technology Equities | 81 | 28.26% | — | Jun 1996 | GRMRX vs NWJCX | |
| Nationwide Bailard Technology and Science Fund | Technology Equities | 29 | 22.33% | — | May 2001 | GRMRX vs NWHQX | |
| Nationwide GQG US Quality Equity Fund | Large Cap Blend Equities | 4 | 2.29% | — | Jan 2021 | GRMRX vs NWAUX | |
| Nationwide International Index Fund | Foreign Large Cap Equities | 34 | 10.19% | — | Dec 1999 | GRMRX vs GIIAX | |
| Nationwide Small Cap Index Fund | Small Cap Blend Equities | 67 | 20.34% | — | Dec 1999 | GRMRX vs GMRAX | |
| Nationwide Strategic Income A | Multisector Bonds | 99 | 2.33% | — | Nov 2015 | GRMRX vs NWXEX | |
| Nationwide Geneva Mid Cap Growth Fund | Mid Cap Growth Equities | 1 | -4.20% | — | Jan 1999 | GRMRX vs NWHVX | |
| Nationwide Mid Cap Market Index Fund | Mid Cap Blend Equities | 48 | 15.14% | — | Dec 1999 | GRMRX vs GMXAX |
Often Compared With GRMRX
Investors most often compare GRMRX with MSXAX, VFIAX, PLFIX. These 13 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare GRMRX with Any Fund or Stock
Compare GRMRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GRMRX with funds that move differently
Nationwide S&P 500 Index Fund Class R alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GRMRX.
Explore GRMRX Diversifiers