GIIAX vs. GBIAX
GIIAX (Nationwide International Index Fund) and GBIAX (Nationwide Bond Index Fund) are both mutual funds - GIIAX is a Foreign Large Cap Equities fund managed by Nationwide, while GBIAX is a Intermediate Core Bond fund managed by Nationwide. Over the past 10 years, GIIAX returned 9.31%/yr vs 0.85%/yr for GBIAX. At a correlation of -0.09, they often move in opposite directions. GIIAX charges 0.71%/yr vs 0.64%/yr for GBIAX.
Performance
GIIAX vs. GBIAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GIIAX achieves a 7.86% return, which is significantly higher than GBIAX's 0.45% return. Over the past 10 years, GIIAX has outperformed GBIAX with an annualized return of 9.31%, while GBIAX has yielded a comparatively lower 0.85% annualized return.
GIIAX
- 1D
- -0.09%
- 1M
- -1.35%
- YTD
- 7.86%
- 6M
- 7.44%
- 1Y
- 20.14%
- 3Y*
- 15.92%
- 5Y*
- 7.87%
- 10Y*
- 9.31%
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%
GIIAX vs. GBIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIIAX Nationwide International Index Fund | 7.86% | 31.11% | 3.05% | 16.88% | -14.43% | 10.67% | 7.26% | 21.56% | -14.10% | 24.81% |
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% |
Correlation
The correlation between GIIAX and GBIAX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2000 | -0.09 |
The correlation between GIIAX and GBIAX shifts across timeframes, from -0.09 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GIIAX vs. GBIAX — Risk / Return Rank
GIIAX
GBIAX
GIIAX vs. GBIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide International Index Fund (GIIAX) and Nationwide Bond Index Fund (GBIAX). 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.
| GIIAX | GBIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.29 | +0.46 |
| Martin ratioReturn relative to average drawdown | 6.37 | 3.53 | +2.84 |
Loading charts...
Drawdowns
GIIAX vs. GBIAX - Drawdown Comparison
The maximum GIIAX drawdown since its inception was -61.28%, which is greater than GBIAX's maximum drawdown of -20.26%. Use the drawdown chart below to compare losses from any high point for GIIAX and GBIAX.
Loading charts...
Drawdown Indicators
| GIIAX | GBIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.28% | -20.26% | -41.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -3.00% | -8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -13.63% | -6.30% | -7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -29.61% | -19.07% | -10.54% |
Max Drawdown (10Y)Largest decline over 10 years | -34.23% | -20.26% | -13.97% |
Current DrawdownCurrent decline from peak | -2.29% | -5.98% | +3.69% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -3.05% | -12.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 1.09% | +1.98% |
Volatility
GIIAX vs. GBIAX - Volatility Comparison
Nationwide International Index Fund (GIIAX) has a higher volatility of 5.52% compared to Nationwide Bond Index Fund (GBIAX) at 1.31%. This indicates that GIIAX's price experiences larger fluctuations and is considered to be riskier than GBIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GIIAX | GBIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 1.31% | +4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 2.91% | +9.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 3.92% | +11.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 6.02% | +9.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 4.96% | +11.18% |
GIIAX vs. GBIAX - Expense Ratio Comparison
GIIAX has a 0.71% expense ratio, which is higher than GBIAX's 0.64% expense ratio.
Dividends
GIIAX vs. GBIAX - Dividend Comparison
GIIAX's dividend yield for the trailing twelve months is around 6.80%, more than GBIAX's 3.28% 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% |
GIIAX Nationwide International Index Fund | 6.80% | 7.14% | 3.84% | 2.99% | 1.90% | 3.69% | 1.58% | 4.20% | 6.17% | 6.21% | 2.87% | 3.36% |
Frequently Asked Questions
GIIAX and GBIAX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIIAX has higher volatility (5.52%) compared to GBIAX (1.31%). In terms of maximum drawdown, GIIAX dropped -61.28% vs GBIAX's -20.26%.
GIIAX currently has the higher Sharpe Ratio (1.29 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.
Find the right allocation for GIIAX and GBIAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer