GBIAX vs. MCDWX
Compare and contrast key facts about Nationwide Bond Index Fund (GBIAX) and Manning & Napier Credit Series (MCDWX).
GBIAX is managed by Nationwide. It was launched on Dec 29, 1999. MCDWX is managed by Manning & Napier. It was launched on Apr 15, 2020.
Performance
GBIAX vs. MCDWX - Performance Comparison
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GBIAX vs. MCDWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GBIAX Nationwide Bond Index Fund | -0.61% | 6.54% | 0.44% | 5.03% | -14.06% | -2.38% | 2.61% |
MCDWX Manning & Napier Credit Series | -0.35% | 7.57% | 4.13% | 7.31% | -11.13% | 0.01% | 8.77% |
Returns By Period
In the year-to-date period, GBIAX achieves a -0.61% return, which is significantly lower than MCDWX's -0.35% return.
GBIAX
- 1D
- 0.42%
- 1M
- -2.33%
- YTD
- -0.61%
- 6M
- 0.20%
- 1Y
- 3.11%
- 3Y*
- 2.76%
- 5Y*
- -0.55%
- 10Y*
- 0.89%
MCDWX
- 1D
- 0.33%
- 1M
- -1.84%
- YTD
- -0.35%
- 6M
- 0.98%
- 1Y
- 4.74%
- 3Y*
- 5.19%
- 5Y*
- 1.76%
- 10Y*
- —
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GBIAX vs. MCDWX - Expense Ratio Comparison
GBIAX has a 0.64% expense ratio, which is higher than MCDWX's 0.10% expense ratio.
Return for Risk
GBIAX vs. MCDWX — Risk / Return Rank
GBIAX
MCDWX
GBIAX vs. MCDWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Bond Index Fund (GBIAX) and Manning & Napier Credit Series (MCDWX). 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.
| GBIAX | MCDWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.44 | -0.61 |
Sortino ratioReturn per unit of downside risk | 1.19 | 2.03 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.28 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.37 | -0.81 |
Martin ratioReturn relative to average drawdown | 4.33 | 8.65 | -4.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GBIAX | MCDWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.44 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.38 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.57 | +0.16 |
Correlation
The correlation between GBIAX and MCDWX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GBIAX vs. MCDWX - Dividend Comparison
GBIAX's dividend yield for the trailing twelve months is around 2.97%, less than MCDWX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBIAX Nationwide Bond Index Fund | 2.97% | 3.18% | 3.07% | 2.57% | 1.59% | 3.02% | 1.79% | 2.27% | 2.29% | 1.93% | 2.15% | 2.43% |
MCDWX Manning & Napier Credit Series | 4.44% | 4.83% | 4.41% | 4.48% | 3.25% | 4.45% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GBIAX vs. MCDWX - Drawdown Comparison
The maximum GBIAX drawdown since its inception was -20.26%, which is greater than MCDWX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for GBIAX and MCDWX.
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Drawdown Indicators
| GBIAX | MCDWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.26% | -15.96% | -4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.20% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -19.07% | -15.96% | -3.11% |
Max Drawdown (10Y)Largest decline over 10 years | -20.26% | — | — |
Current DrawdownCurrent decline from peak | -6.97% | -1.84% | -5.13% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -4.24% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.60% | +0.38% |
Volatility
GBIAX vs. MCDWX - Volatility Comparison
Nationwide Bond Index Fund (GBIAX) has a higher volatility of 1.57% compared to Manning & Napier Credit Series (MCDWX) at 1.41%. This indicates that GBIAX's price experiences larger fluctuations and is considered to be riskier than MCDWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBIAX | MCDWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.41% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 1.99% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 3.32% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 4.62% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 4.41% | +0.53% |