GBIAX vs. LSSAX
GBIAX (Nationwide Bond Index Fund) and LSSAX (Loomis Sayles Securitized Asset Fund) are both Intermediate Core Bond funds. Over the past 10 years, GBIAX returned 0.85%/yr vs 2.54%/yr for LSSAX. Their correlation of 0.80 suggests significant overlap in exposure. GBIAX charges 0.64%/yr vs 0.00%/yr for LSSAX.
Performance
GBIAX vs. LSSAX - Performance Comparison
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Returns By Period
In the year-to-date period, GBIAX achieves a 0.45% return, which is significantly lower than LSSAX's 1.88% return. Over the past 10 years, GBIAX has underperformed LSSAX with an annualized return of 0.85%, while LSSAX has yielded a comparatively higher 2.54% annualized return.
GBIAX
- 1D
- 0.42%
- 1M
- 0.81%
- YTD
- 0.45%
- 6M
- 0.51%
- 1Y
- 3.85%
- 3Y*
- 3.44%
- 5Y*
- -0.57%
- 10Y*
- 0.85%
LSSAX
- 1D
- 0.51%
- 1M
- 0.98%
- YTD
- 1.88%
- 6M
- 1.88%
- 1Y
- 6.01%
- 3Y*
- 5.99%
- 5Y*
- 1.55%
- 10Y*
- 2.54%
GBIAX vs. LSSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBIAX Nationwide Bond Index Fund | 0.45% | 6.54% | 0.44% | 5.03% | -14.06% | -2.38% | 6.60% | 8.08% | -0.74% | 2.89% |
LSSAX Loomis Sayles Securitized Asset Fund | 1.88% | 8.32% | 3.94% | 7.01% | -11.82% | 0.64% | 4.68% | 6.81% | 2.48% | 3.40% |
Correlation
The correlation between GBIAX and LSSAX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2006 | 0.80 |
The correlation between GBIAX and LSSAX shifts across timeframes, from 0.77 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GBIAX vs. LSSAX — Risk / Return Rank
GBIAX
LSSAX
GBIAX vs. LSSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Bond Index Fund (GBIAX) and Loomis Sayles Securitized Asset Fund (LSSAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GBIAX | LSSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 3.36 | -2.07 |
| Martin ratioReturn relative to average drawdown | 3.53 | 11.14 | -7.61 |
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Drawdowns
GBIAX vs. LSSAX - Drawdown Comparison
The maximum GBIAX drawdown since its inception was -20.26%, which is greater than LSSAX's maximum drawdown of -16.40%. Use the drawdown chart below to compare losses from any high point for GBIAX and LSSAX.
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Drawdown Indicators
| GBIAX | LSSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.26% | -16.40% | -3.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.16% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -6.30% | -5.91% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -19.07% | -16.40% | -2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -20.26% | -16.40% | -3.86% |
Current DrawdownCurrent decline from peak | -5.98% | 0.00% | -5.98% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -1.97% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.73% | +0.36% |
Volatility
GBIAX vs. LSSAX - Volatility Comparison
Nationwide Bond Index Fund (GBIAX) and Loomis Sayles Securitized Asset Fund (LSSAX) have volatilities of 1.31% and 1.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBIAX | LSSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.30% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.81% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 4.11% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 5.81% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 4.43% | +0.53% |
GBIAX vs. LSSAX - Expense Ratio Comparison
GBIAX has a 0.64% expense ratio, which is higher than LSSAX's 0.00% expense ratio.
Dividends
GBIAX vs. LSSAX - Dividend Comparison
GBIAX's dividend yield for the trailing twelve months is around 3.28%, less than LSSAX's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBIAX Nationwide Bond Index Fund | 3.28% | 3.18% | 3.07% | 2.57% | 1.59% | 3.02% | 1.79% | 2.27% | 2.29% | 1.93% | 2.15% | 2.43% |
LSSAX Loomis Sayles Securitized Asset Fund | 4.31% | 4.23% | 4.54% | 5.65% | 6.47% | 6.38% | 5.95% | 5.48% | 5.62% | 5.42% | 5.12% | 5.20% |
Frequently Asked Questions
GBIAX and LSSAX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBIAX has higher volatility (1.31%) compared to LSSAX (1.30%). In terms of maximum drawdown, GBIAX dropped -20.26% vs LSSAX's -16.40%.
LSSAX currently has the higher Sharpe Ratio (1.78 vs 0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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