GMRAX vs. FSSNX
Compare and contrast key facts about Nationwide Small Cap Index Fund (GMRAX) and Fidelity Small Cap Index Fund (FSSNX).
GMRAX is managed by Nationwide. It was launched on Dec 29, 1999. FSSNX is managed by Fidelity. It was launched on Sep 8, 2011.
Performance
GMRAX vs. FSSNX - Performance Comparison
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GMRAX vs. FSSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMRAX Nationwide Small Cap Index Fund | 0.74% | 12.26% | 9.12% | 17.56% | -20.82% | 14.27% | 19.59% | 24.87% | -10.71% | 14.21% |
FSSNX Fidelity Small Cap Index Fund | 0.91% | 12.94% | 11.71% | 17.11% | -20.28% | 14.70% | 19.99% | 25.70% | -11.24% | 14.54% |
Returns By Period
In the year-to-date period, GMRAX achieves a 0.74% return, which is significantly lower than FSSNX's 0.91% return. Over the past 10 years, GMRAX has underperformed FSSNX with an annualized return of 9.36%, while FSSNX has yielded a comparatively higher 9.90% annualized return.
GMRAX
- 1D
- 3.44%
- 1M
- -5.92%
- YTD
- 0.74%
- 6M
- 2.63%
- 1Y
- 25.17%
- 3Y*
- 12.23%
- 5Y*
- 2.84%
- 10Y*
- 9.36%
FSSNX
- 1D
- 3.45%
- 1M
- -5.85%
- YTD
- 0.91%
- 6M
- 2.89%
- 1Y
- 25.83%
- 3Y*
- 13.19%
- 5Y*
- 3.57%
- 10Y*
- 9.90%
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GMRAX vs. FSSNX - Expense Ratio Comparison
GMRAX has a 0.68% expense ratio, which is higher than FSSNX's 0.03% expense ratio.
Return for Risk
GMRAX vs. FSSNX — Risk / Return Rank
GMRAX
FSSNX
GMRAX vs. FSSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Small Cap Index Fund (GMRAX) and Fidelity Small Cap Index Fund (FSSNX). 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.
| GMRAX | FSSNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.12 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.66 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.82 | -0.05 |
Martin ratioReturn relative to average drawdown | 6.58 | 6.80 | -0.22 |
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
| GMRAX | FSSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.12 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.16 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.42 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.49 | -0.20 |
Correlation
The correlation between GMRAX and FSSNX is 1.00, 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
GMRAX vs. FSSNX - Dividend Comparison
GMRAX's dividend yield for the trailing twelve months is around 2.47%, more than FSSNX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMRAX Nationwide Small Cap Index Fund | 2.47% | 2.45% | 4.99% | 0.52% | 1.51% | 6.81% | 0.56% | 7.38% | 46.93% | 17.82% | 7.14% | 12.55% |
FSSNX Fidelity Small Cap Index Fund | 1.07% | 1.08% | 1.04% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 4.94% | 3.37% | 2.27% | 2.66% |
Drawdowns
GMRAX vs. FSSNX - Drawdown Comparison
The maximum GMRAX drawdown since its inception was -59.36%, which is greater than FSSNX's maximum drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for GMRAX and FSSNX.
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Drawdown Indicators
| GMRAX | FSSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.36% | -41.72% | -17.64% |
Max Drawdown (1Y)Largest decline over 1 year | -13.93% | -13.89% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -32.00% | -31.87% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -41.78% | -41.72% | -0.06% |
Current DrawdownCurrent decline from peak | -8.00% | -7.94% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -12.67% | -8.37% | -4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 3.71% | +0.03% |
Volatility
GMRAX vs. FSSNX - Volatility Comparison
Nationwide Small Cap Index Fund (GMRAX) and Fidelity Small Cap Index Fund (FSSNX) have volatilities of 7.52% and 7.52%, 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
| GMRAX | FSSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.52% | 7.52% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 14.55% | 14.52% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.32% | 23.30% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.66% | 22.61% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.50% | 23.41% | +0.09% |