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 | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | NWMSX vs JIEHX | |
| Principal LifeTime 2040 Fund | 0.01% | — | Feb 2001 | NWMSX vs PTDIX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | NWMSX vs LTIUX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | NWMSX vs PMTIX |
Best Risk-Adjusted Alternatives to NWMSX
NWMSX has a PortfoliosLab risk / return rank of 59. There are 324 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 85.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Managed Retirement 2020 Fund | 85 | — | Dec 2007 | NWMSX vs FIRVX | |
| Putnam Retirement Advantage Maturity Fund | 85 | — | Dec 2019 | NWMSX vs PADLX | |
| Fidelity Managed Retirement Income Fund Class K | 84 | — | Aug 2019 | NWMSX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 84 | — | Aug 2007 | NWMSX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 84 | — | Aug 2019 | NWMSX vs FRHMX |
Top Performing NWMSX Alternatives (YTD)
NWMSX is at 7.79% YTD. There are 324 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 15,640,638.04%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Managed Retirement Income Fund Class K | 15,640,638.04% | — | Aug 2019 | NWMSX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | NWMSX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 1,464,383.96% | — | Aug 2019 | NWMSX vs FRHMX | |
| Fidelity Managed Retirement 2020 Fund | 1,440,933.92% | — | Dec 2007 | NWMSX vs FIRVX | |
| Fidelity Freedom 2065 Fund Class K6 | 12.19% | — | Jun 2019 | NWMSX vs FFSZX |
Lowest Volatility Alternatives to NWMSX
NWMSX has 10.77% 1-year volatility. There are 358 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.59%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.59% | — | Nov 2015 | NWMSX vs TDIFX | |
| MFS Lifetime 2025 Fund | 4.18% | — | Nov 2012 | NWMSX vs LTTIX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.32% | — | Oct 2009 | NWMSX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.34% | — | Oct 2009 | NWMSX vs FFGZX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.35% | — | Aug 2007 | NWMSX vs FRIMX |
Lowest Drawdown Alternatives to NWMSX
NWMSX has a 1-year max drawdown of -7.75%. There are 350 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 Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | NWMSX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K | -3.42% | — | Aug 2019 | NWMSX vs FRKMX |
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 | NWMSX vs NWXHX | |
| Nationwide S&P 500 Index Fund | S&P 500 | 52 | 8.01% | — | Nov 1998 | NWMSX vs GRISX | |
| Nationwide NYSE Arca Tech 100 Index Fund | Technology Equities | 72 | 24.40% | — | Jun 1996 | NWMSX vs NWJCX | |
| Nationwide Bailard Technology and Science Fund | Technology Equities | 24 | 17.64% | — | May 2001 | NWMSX vs NWHQX | |
| Nationwide GQG US Quality Equity Fund | Large Cap Blend Equities | 5 | 4.50% | — | Jan 2021 | NWMSX vs NWAUX | |
| Nationwide International Index Fund | Foreign Large Cap Equities | 31 | 7.95% | — | Dec 1999 | NWMSX vs GIIAX | |
| Nationwide Small Cap Index Fund | Small Cap Blend Equities | 67 | 20.19% | — | Dec 1999 | NWMSX vs GMRAX | |
| Nationwide Strategic Income A | Multisector Bonds | 99 | 2.33% | — | Nov 2015 | NWMSX vs NWXEX | |
| Nationwide Geneva Mid Cap Growth Fund | Mid Cap Growth Equities | 1 | -5.79% | — | Jan 1999 | NWMSX vs NWHVX | |
| Nationwide Mid Cap Market Index Fund | Mid Cap Blend Equities | 46 | 14.34% | — | 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