GMRAX vs. DFAS
Compare and contrast key facts about Nationwide Small Cap Index Fund (GMRAX) and Dimensional U.S. Small Cap ETF (DFAS).
GMRAX is managed by Nationwide. It was launched on Dec 29, 1999. DFAS is an actively managed fund by Dimensional Fund Advisors LP. It was launched on Jun 14, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GMRAX or DFAS.
Correlation
The correlation between GMRAX and DFAS is 0.97, 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.
Performance
GMRAX vs. DFAS - Performance Comparison
Key characteristics
GMRAX:
0.53
DFAS:
0.83
GMRAX:
0.88
DFAS:
1.30
GMRAX:
1.11
DFAS:
1.16
GMRAX:
0.35
DFAS:
1.55
GMRAX:
1.99
DFAS:
3.66
GMRAX:
5.40%
DFAS:
4.09%
GMRAX:
20.19%
DFAS:
18.05%
GMRAX:
-63.41%
DFAS:
-24.77%
GMRAX:
-20.92%
DFAS:
-5.32%
Returns By Period
In the year-to-date period, GMRAX achieves a 2.73% return, which is significantly lower than DFAS's 3.24% return.
GMRAX
2.73%
0.75%
3.53%
9.57%
4.83%
-1.50%
DFAS
3.24%
0.10%
8.44%
13.76%
N/A
N/A
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GMRAX vs. DFAS - Expense Ratio Comparison
GMRAX has a 0.68% expense ratio, which is higher than DFAS's 0.34% expense ratio.
Risk-Adjusted Performance
GMRAX vs. DFAS — Risk-Adjusted Performance Rank
GMRAX
DFAS
GMRAX vs. DFAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Small Cap Index Fund (GMRAX) and Dimensional U.S. Small Cap ETF (DFAS). 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.
Dividends
GMRAX vs. DFAS - Dividend Comparison
GMRAX's dividend yield for the trailing twelve months is around 1.36%, more than DFAS's 0.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMRAX Nationwide Small Cap Index Fund | 1.36% | 1.40% | 1.00% | 0.80% | 0.40% | 0.56% | 0.87% | 1.33% | 0.82% | 1.01% | 1.09% | 0.74% |
DFAS Dimensional U.S. Small Cap ETF | 0.90% | 0.93% | 1.00% | 1.03% | 3.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GMRAX vs. DFAS - Drawdown Comparison
The maximum GMRAX drawdown since its inception was -63.41%, which is greater than DFAS's maximum drawdown of -24.77%. Use the drawdown chart below to compare losses from any high point for GMRAX and DFAS. For additional features, visit the drawdowns tool.
Volatility
GMRAX vs. DFAS - Volatility Comparison
Nationwide Small Cap Index Fund (GMRAX) has a higher volatility of 4.22% compared to Dimensional U.S. Small Cap ETF (DFAS) at 3.75%. This indicates that GMRAX's price experiences larger fluctuations and is considered to be riskier than DFAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.