- ISIN
- US63867R2581
- Issuer
- Nationwide
- Inception Date
- Feb 14, 1961
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MUIGX Performance Chart
Nationwide BNY Mellon Dynamic U.S. Core Fund (MUIGX) is up 11.5% since the beginning of the year. MUIGX is currently trading at $20 per share. Investors who bought $1,000 worth of MUIGX shares 5 years ago would now be looking at an investment worth $1,816.
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Returns By Period
Nationwide BNY Mellon Dynamic U.S. Core Fund (MUIGX) has returned 11.48% so far this year and 28.42% over the past 12 months. Looking at the last ten years, MUIGX has achieved an annualized return of 16.67%, outperforming the S&P 500 Index benchmark, which averaged 13.66% per year.
Nationwide BNY Mellon Dynamic U.S. Core Fund
- 1D
- 0.15%
- 1M
- 6.08%
- YTD
- 11.48%
- 6M
- 11.29%
- 1Y
- 28.42%
- 3Y*
- 21.38%
- 5Y*
- 12.68%
- 10Y*
- 16.67%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
MUIGX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1980, MUIGX's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2001 with a return of +13.8%, while the worst month was Oct 1987 at -23.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MUIGX closed higher 46% of trading days. The best single day was Aug 31, 1984 with a return of +13.0%, while the worst single day was Nov 22, 1985 at -16.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.28% | -0.55% | -5.31% | 10.43% | 5.43% | 0.40% | 11.48% | ||||||
| 2025 | 2.79% | -1.14% | -5.73% | -0.32% | 5.72% | 5.23% | 2.05% | 2.01% | 3.83% | 2.39% | 0.05% | -0.23% | 17.35% |
| 2024 | 1.30% | 5.21% | 3.22% | -4.15% | 4.75% | 3.61% | 1.14% | 2.26% | 2.18% | -1.57% | 5.76% | -2.85% | 22.33% |
| 2023 | 5.76% | -2.35% | 3.46% | 1.33% | 0.33% | 6.37% | 3.09% | -1.72% | -5.31% | -2.42% | 9.35% | 5.07% | 24.28% |
| 2022 | -6.23% | -3.65% | 3.62% | -10.17% | -0.08% | -8.75% | 9.58% | -4.49% | -8.72% | 7.05% | 5.27% | -5.34% | -21.86% |
| 2021 | -1.65% | 2.18% | 4.35% | 6.15% | 0.67% | 2.85% | 2.95% | 3.35% | -5.81% | 8.26% | -0.73% | 5.11% | 30.48% |
Benchmark Metrics
Nationwide BNY Mellon Dynamic U.S. Core Fund has an annualized alpha of 0.62%, beta of 0.87, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since January 03, 1980.
- This fund participated in 105.97% of S&P 500 Index downside but only 100.88% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.87 and R2 of 0.66, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.62%
- Beta
- 0.87
- R²
- 0.66
- Upside Capture
- 100.88%
- Downside Capture
- 105.97%
Expense Ratio
MUIGX has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MUIGX ranks 70 for risk / return — better than 70% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nationwide BNY Mellon Dynamic U.S. Core Fund (MUIGX) and compare them to S&P 500 Index.
| MUIGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 2.93 | +0.35 |
| Martin ratioReturn relative to average drawdown | 14.74 | 13.52 | +1.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Nationwide BNY Mellon Dynamic U.S. Core Fund provided a 4.43% dividend yield over the last twelve months, with an annual payout of $0.89 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.89 | $0.89 | $0.74 | $0.19 | $0.13 | $1.12 | $0.33 | $1.51 | $4.00 | $1.27 | $0.60 | $0.54 |
Dividend yield | 4.43% | 4.96% | 4.60% | 1.41% | 1.15% | 7.64% | 2.77% | 14.46% | 48.57% | 10.32% | 5.60% | 4.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Nationwide BNY Mellon Dynamic U.S. Core 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.78 | $0.89 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.61 | $0.74 |
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.19 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $1.06 | $1.12 |
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 BNY Mellon Dynamic U.S. Core 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 BNY Mellon Dynamic U.S. Core Fund was 68.10%, occurring on Oct 9, 2002. Recovery took 2840 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -68.10%Oct 2002 | 2y 1mo | 11y 3mo | 13y 4moSep 2000 - Jan 2014 |
Black Monday1987 | -42.37%Dec 1987 | 3mo 10d | 3y 11mo | 4y 2moAug 1987 - Nov 1991 |
COVID crash2020 | -32.70%Mar 2020 | 1mo 2d | 4mo 22d | 5mo 24dFeb 2020 - Aug 2020 |
Bear market2022 | -27.33%Oct 2022 | 9mo 18d | 1y 3mo | 2y 1moDec 2021 - Feb 2024 |
1998 bear market1998 | -24.26%Oct 1998 | 2mo 20d | 2mo 29d | 5mo 19dJul 1998 - Jan 1999 |
Drawdown Indicators
| MUIGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.10% | -56.78% | -11.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -9.10% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -18.90% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | -25.43% | -1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | -33.92% | +1.22% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -16.88% | -10.72% | -6.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.97% | +0.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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