GBIAX vs. VTEB
Compare and contrast key facts about Nationwide Bond Index Fund (GBIAX) and Vanguard Tax-Exempt Bond ETF (VTEB).
GBIAX is managed by Nationwide. It was launched on Dec 29, 1999. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Performance
GBIAX vs. VTEB - Performance Comparison
Loading graphics...
GBIAX vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBIAX Nationwide Bond Index Fund | -0.40% | 6.54% | 0.44% | 5.03% | -14.06% | -2.38% | 6.60% | 8.08% | -0.74% | 2.89% |
VTEB Vanguard Tax-Exempt Bond ETF | 0.09% | 3.72% | 1.31% | 6.15% | -7.99% | 1.14% | 5.19% | 7.35% | 1.04% | 4.87% |
Returns By Period
In the year-to-date period, GBIAX achieves a -0.40% return, which is significantly lower than VTEB's 0.09% return. Over the past 10 years, GBIAX has underperformed VTEB with an annualized return of 0.91%, while VTEB has yielded a comparatively higher 2.09% annualized return.
GBIAX
- 1D
- 0.21%
- 1M
- -1.63%
- YTD
- -0.40%
- 6M
- 0.20%
- 1Y
- 3.11%
- 3Y*
- 2.83%
- 5Y*
- -0.58%
- 10Y*
- 0.91%
VTEB
- 1D
- 0.32%
- 1M
- -1.61%
- YTD
- 0.09%
- 6M
- 1.54%
- 1Y
- 3.92%
- 3Y*
- 2.78%
- 5Y*
- 0.88%
- 10Y*
- 2.09%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GBIAX vs. VTEB - Expense Ratio Comparison
GBIAX has a 0.64% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Return for Risk
GBIAX vs. VTEB — Risk / Return Rank
GBIAX
VTEB
GBIAX vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Bond Index Fund (GBIAX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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 | VTEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.99 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.10 | 1.25 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.25 | +0.14 |
Martin ratioReturn relative to average drawdown | 3.85 | 3.69 | +0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GBIAX | VTEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.99 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.23 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.40 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.45 | +0.28 |
Correlation
The correlation between GBIAX and VTEB is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GBIAX vs. VTEB - Dividend Comparison
GBIAX's dividend yield for the trailing twelve months is around 2.97%, less than VTEB's 3.37% 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% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.37% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
GBIAX vs. VTEB - Drawdown Comparison
The maximum GBIAX drawdown since its inception was -20.26%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for GBIAX and VTEB.
Loading graphics...
Drawdown Indicators
| GBIAX | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.26% | -17.00% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -3.45% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -19.07% | -12.64% | -6.43% |
Max Drawdown (10Y)Largest decline over 10 years | -20.26% | -17.00% | -3.26% |
Current DrawdownCurrent decline from peak | -6.78% | -1.86% | -4.92% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -2.35% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.17% | -0.18% |
Volatility
GBIAX vs. VTEB - Volatility Comparison
Nationwide Bond Index Fund (GBIAX) has a higher volatility of 1.54% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.37%. This indicates that GBIAX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GBIAX | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.37% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 1.87% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 4.00% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 3.88% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 5.25% | -0.31% |