Nationwide Destination 2040 Fund (NWMSX) belongs to the Target Retirement Date category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NWMSX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NWMSX
NWMSX charges 0.38% annually. There are 301 mutual funds in the Target Retirement Date category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | NWMSX vs LTFIX | |
| Principal LifeTime 2045 Fund | 0.01% | — | Feb 2008 | NWMSX vs LTRIX | |
| Principal LifeTime 2040 Fund | 0.01% | — | Feb 2001 | NWMSX vs PTDIX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | NWMSX vs PMTIX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | NWMSX vs LTIUX |
Best Risk-Adjusted Alternatives to NWMSX
NWMSX has a PortfoliosLab risk / return rank of 69. There are 275 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| USAA Target Retirement Income Fund | 86 | — | Jul 2008 | NWMSX vs URINX | |
| State Street Target Retirement 2025 Fund | 86 | — | Sep 2014 | NWMSX vs SSBRX | |
| State Street Target Retirement Fund | 85 | — | Sep 2014 | NWMSX vs SSFNX | |
| USAA Target Retirement 2040 Fund | 85 | — | Jul 2008 | NWMSX vs URFRX | |
| USAA Target Retirement 2030 Fund | 85 | — | Jul 2008 | NWMSX vs URTRX |
Top Performing NWMSX Alternatives (YTD)
NWMSX is at 9.98% YTD. There are 311 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 16.14%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Freedom 2060 Fund Class K6 | 16.14% | — | Aug 2014 | NWMSX vs FVTKX | |
| Fidelity Flex Freedom Blend 2065 Fund | 16.10% | — | Jun 2019 | NWMSX vs FDFPX | |
| Fidelity Freedom 2055 Fund Class K6 | 16.09% | — | Jun 2011 | NWMSX vs FCTKX | |
| Fidelity Freedom 2065 Fund Class K | 16.04% | — | Jun 2019 | NWMSX vs FFSDX | |
| Fidelity Freedom 2060 Fund Class K | 16.02% | — | Jul 2017 | NWMSX vs FNSFX |
Lowest Volatility Alternatives to NWMSX
NWMSX has 11.01% 1-year volatility. There are 334 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.53%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.53% | — | Nov 2015 | NWMSX vs TDIFX | |
| Fidelity Freedom Index Retirement Fund Investor Cl... | 4.48% | — | Oct 2009 | NWMSX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.51% | — | Oct 2009 | NWMSX vs FFGZX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 4.51% | — | Nov 2015 | NWMSX vs DRIQX | |
| MFS Lifetime Income Fund | 4.52% | — | Sep 2005 | NWMSX vs MLLIX |
Lowest Drawdown Alternatives to NWMSX
NWMSX has a 1-year max drawdown of -7.82%. There are 328 mutual funds in the Target Retirement Date category with shallower 1-year drawdowns, going as shallow as -2.61%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | -2.61% | — | Nov 2015 | NWMSX vs TDIFX | |
| Fidelity Freedom Index Retirement Fund Investor Cl... | -3.32% | — | Oct 2009 | NWMSX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | NWMSX vs FFGZX | |
| Dimensional 2015 Target Date Retirement Income Fun... | -3.47% | — | Nov 2015 | NWMSX vs DRIQX | |
| Putnam RetirementReady Maturity Fund | -3.50% | — | Oct 2004 | NWMSX vs PRMYX |
Other Mutual Funds from Nationwide
The 10 most viewed Nationwide mutual funds shown here include NWXHX, NWXEX, GRISX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | Multisector Bonds | 99 | 2.87% | — | Nov 2015 | NWMSX vs NWXHX | |
| Nationwide Strategic Income A | Multisector Bonds | 99 | 2.70% | — | Nov 2015 | NWMSX vs NWXEX | |
| Nationwide S&P 500 Index Fund | S&P 500 | 66 | 13.50% | — | Nov 1998 | NWMSX vs GRISX | |
| Nationwide NYSE Arca Tech 100 Index Fund | Technology Equities | 71 | 22.47% | — | Jun 1996 | NWMSX vs NWJCX | |
| Nationwide International Index Fund | Foreign Large Cap Equities | 56 | 11.84% | — | Dec 1999 | NWMSX vs GIIAX | |
| Nationwide GQG US Quality Equity Fund | Quality Factor, Large Cap Blend Equities | 18 | 7.81% | — | Jan 2021 | NWMSX vs NWAUX | |
| Nationwide Bailard Technology and Science Fund | Technology Equities | 24 | 16.54% | — | May 2001 | NWMSX vs NWHQX | |
| Nationwide Small Cap Index Fund | Small Cap Blend Equities | 81 | 20.50% | — | Dec 1999 | NWMSX vs GMRAX | |
| Nationwide Geneva Mid Cap Growth Fund | Mid Cap Growth Equities | 2 | 0.00% | — | Jan 1999 | NWMSX vs NWHVX | |
| Nationwide Mid Cap Market Index Fund | Mid Cap Blend Equities | 58 | 15.47% | — | Dec 1999 | NWMSX vs GMXAX |
Often Compared With NWMSX
Investors most often compare NWMSX with ETV, GBIAX, FRQAX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare NWMSX with Any Fund or Stock
Compare NWMSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NWMSX with funds that move differently
Nationwide Destination 2040 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NWMSX.
Explore NWMSX Diversifiers