- ISIN
- US63867N5398
- Issuer
- Nationwide
- Inception Date
- Aug 28, 2007
- Category
- Target Retirement Date
- Min. Investment
- $50,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
NWMSX Performance Chart
Nationwide Destination 2040 Fund (NWMSX) is up 9.7% since the beginning of the year. NWMSX is currently trading at $11 per share. Investors who bought $1,000 worth of NWMSX shares 5 years ago would now be looking at an investment worth $1,461.
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Returns By Period
Nationwide Destination 2040 Fund (NWMSX) has returned 9.67% so far this year and 22.91% over the past 12 months. Over the last ten years, NWMSX has returned 8.78% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Nationwide Destination 2040 Fund
- 1D
- 0.29%
- 1M
- 4.27%
- YTD
- 9.67%
- 6M
- 10.45%
- 1Y
- 22.91%
- 3Y*
- 16.45%
- 5Y*
- 7.87%
- 10Y*
- 8.78%
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%
NWMSX Monthly Returns History
Based on dividend-adjusted daily data since Aug 30, 2007, NWMSX's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, an investment would double in approximately 9.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2009 with a return of +11.4%, while the worst month was Oct 2008 at -19.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, NWMSX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -10.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.29% | 1.22% | -5.07% | 7.54% | 3.46% | 0.29% | 9.67% | ||||||
| 2025 | 2.82% | -0.11% | -3.07% | 0.45% | 4.28% | 3.66% | 0.63% | 2.49% | 2.52% | 1.49% | 0.49% | 0.80% | 17.51% |
| 2024 | -0.33% | 3.08% | 3.20% | -3.93% | 3.77% | 1.10% | 2.16% | 2.01% | 1.58% | -2.14% | 4.17% | -3.21% | 11.63% |
| 2023 | 7.06% | -2.84% | 1.87% | 0.69% | -1.03% | 4.99% | 2.97% | -2.46% | -3.83% | -2.96% | 7.98% | 5.68% | 18.59% |
| 2022 | -4.85% | -2.45% | 0.63% | -7.48% | 0.34% | -7.43% | 6.78% | -3.74% | -8.75% | 5.81% | 7.08% | -4.22% | -18.29% |
| 2021 | -0.20% | 2.35% | 2.09% | 3.71% | 1.13% | 1.12% | 0.55% | 1.92% | -3.47% | 4.10% | -2.24% | 3.31% | 15.03% |
Benchmark Metrics
Nationwide Destination 2040 Fund has an annualized alpha of -1.41%, beta of 0.86, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since August 31, 2007.
- This fund participated in 95.08% of S&P 500 Index downside but only 83.56% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.86 and R2 of 0.91, 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
- -1.41%
- Beta
- 0.86
- R²
- 0.91
- Upside Capture
- 83.56%
- Downside Capture
- 95.08%
Expense Ratio
NWMSX has an expense ratio of 0.38%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NWMSX ranks 65 for risk / return — better than 65% 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 Destination 2040 Fund (NWMSX) and compare them to S&P 500 Index.
| NWMSX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.36 | 2.24 | +0.11 |
Sortino ratioReturn per unit of downside risk | 3.36 | 3.07 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.41 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.93 | +0.13 |
Martin ratioReturn relative to average drawdown | 13.64 | 13.52 | +0.12 |
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 Destination 2040 Fund provided a 7.96% dividend yield over the last twelve months, with an annual payout of $0.84 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.84 | $0.83 | $1.30 | $0.62 | $0.21 | $0.97 | $0.62 | $0.67 | $0.98 | $0.20 | $0.75 | $0.49 |
Dividend yield | 7.96% | 8.66% | 14.65% | 6.81% | 2.49% | 9.45% | 6.28% | 7.29% | 11.84% | 1.98% | 8.03% | 5.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Nationwide Destination 2040 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 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.78 | $0.83 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $1.26 | $1.30 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.62 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.18 | $0.21 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.96 | $0.97 |
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 Destination 2040 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 Destination 2040 Fund was 55.33%, occurring on Mar 9, 2009. Recovery took 968 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.33%Mar 2009 | 1y 4mo | 3y 10mo | 5y 2moNov 2007 - Jan 2013 |
COVID crash2020 | -32.80%Mar 2020 | 3mo 1d | 5mo 13d | 8mo 14dDec 2019 - Sep 2020 |
Bear market2022 | -30.39%Sep 2022 | 9mo 7d | 1y 11mo | 2y 8moDec 2021 - Sep 2024 |
2016 correction2016 | -17.47%Feb 2016 | 8mo 28d | 9mo 29d | 1y 6moMay 2015 - Dec 2016 |
Rate-hike selloffLate 2018 | -16.18%Dec 2018 | 1y 5d | 6mo 11d | 1y 6moDec 2017 - Jul 2019 |
Drawdown Indicators
| NWMSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.33% | -56.78% | +1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -9.10% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -12.62% | -18.90% | +6.28% |
Max Drawdown (5Y)Largest decline over 5 years | -30.39% | -25.43% | -4.96% |
Max Drawdown (10Y)Largest decline over 10 years | -32.80% | -33.92% | +1.12% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -10.72% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.97% | -0.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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