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 2050 Fund | 0.01% | — | Feb 2001 | NWMSX vs PPLIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | NWMSX vs JIEHX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | NWMSX vs PMTIX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | NWMSX vs LTIUX | |
| Principal LifeTime 2045 Fund | 0.01% | — | Feb 2008 | NWMSX vs LTRIX |
Best Risk-Adjusted Alternatives to NWMSX
NWMSX has a PortfoliosLab risk / return rank of 63. There are 367 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 87 | — | Dec 2019 | NWMSX vs PADLX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 86 | — | Aug 2007 | NWMSX vs FRAMX | |
| State Street Target Retirement Fund | 85 | — | Sep 2014 | NWMSX vs SSFNX | |
| Prudential Day One Income Fund | 84 | — | Dec 2016 | NWMSX vs PDAHX | |
| Dimensional Retirement Income Fund | 83 | — | Nov 2015 | NWMSX vs TDIFX |
Top Performing NWMSX Alternatives (YTD)
NWMSX is at 9.35% YTD. There are 294 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 1,644,791.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | NWMSX vs FRAMX | |
| Fidelity Flex Freedom Blend 2060 Fund | 13.36% | — | Jun 2017 | NWMSX vs FWLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 13.32% | — | Jun 2019 | NWMSX vs FDFPX | |
| Fidelity Freedom 2060 Fund Class K6 | 13.32% | — | Aug 2014 | NWMSX vs FVTKX | |
| Fidelity Freedom 2065 Fund Class K6 | 13.30% | — | Jun 2019 | NWMSX vs FFSZX |
Lowest Volatility Alternatives to NWMSX
NWMSX has 10.79% 1-year volatility. There are 343 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.51%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.51% | — | Nov 2015 | NWMSX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.32% | — | Aug 2007 | NWMSX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.32% | — | Aug 2007 | NWMSX vs FRQIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.33% | — | Aug 2007 | NWMSX vs FRQAX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.38% | — | Oct 2009 | NWMSX vs FIKFX |
Lowest Drawdown Alternatives to NWMSX
NWMSX has a 1-year max drawdown of -7.82%. There are 337 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 Income Fund Investor Class | -3.32% | — | Oct 2009 | NWMSX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | NWMSX vs FFGZX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | -3.43% | — | Aug 2007 | NWMSX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | -3.44% | — | Aug 2007 | NWMSX vs FRIMX |
Other Mutual Funds from Nationwide
The 10 most viewed Nationwide mutual funds shown here include NWXHX, GRISX, NWXEX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | Multisector Bonds | 99 | 2.57% | — | Nov 2015 | NWMSX vs NWXHX | |
| Nationwide S&P 500 Index Fund | S&P 500 | 63 | 10.66% | — | Nov 1998 | NWMSX vs GRISX | |
| Nationwide Strategic Income A | Multisector Bonds | 99 | 2.43% | — | Nov 2015 | NWMSX vs NWXEX | |
| Nationwide NYSE Arca Tech 100 Index Fund | Technology Equities | 74 | 24.19% | — | Jun 1996 | NWMSX vs NWJCX | |
| Nationwide Bailard Technology and Science Fund | Technology Equities | 27 | 21.10% | — | May 2001 | NWMSX vs NWHQX | |
| Nationwide GQG US Quality Equity Fund | Large Cap Blend Equities | 7 | 5.60% | — | Jan 2021 | NWMSX vs NWAUX | |
| Nationwide International Index Fund | Foreign Large Cap Equities | 37 | 9.61% | — | Dec 1999 | NWMSX vs GIIAX | |
| Nationwide Small Cap Index Fund | Small Cap Blend Equities | 65 | 19.80% | — | Dec 1999 | NWMSX vs GMRAX | |
| Nationwide Geneva Mid Cap Growth Fund | Mid Cap Growth Equities | 1 | -2.34% | — | Jan 1999 | NWMSX vs NWHVX | |
| Nationwide Mid Cap Market Index Fund | Mid Cap Blend Equities | 41 | 14.74% | — | Dec 1999 | NWMSX vs GMXAX |
Often Compared With NWMSX
Investors most often compare NWMSX with ETV, GBIAX, NDMAX. 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