GMRAX vs. GBIAX
Compare and contrast key facts about Nationwide Small Cap Index Fund (GMRAX) and Nationwide Bond Index Fund (GBIAX).
GMRAX is managed by Nationwide. It was launched on Dec 29, 1999. GBIAX is managed by Nationwide. It was launched on Dec 29, 1999.
Performance
GMRAX vs. GBIAX - Performance Comparison
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GMRAX vs. GBIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMRAX Nationwide Small Cap Index Fund | -2.61% | 12.26% | 9.12% | 17.56% | -20.82% | 14.27% | 19.59% | 24.87% | -10.71% | 14.21% |
GBIAX Nationwide Bond Index Fund | -0.61% | 6.54% | 0.44% | 5.03% | -14.06% | -2.38% | 6.60% | 8.08% | -0.74% | 2.89% |
Returns By Period
In the year-to-date period, GMRAX achieves a -2.61% return, which is significantly lower than GBIAX's -0.61% return. Over the past 10 years, GMRAX has outperformed GBIAX with an annualized return of 8.99%, while GBIAX has yielded a comparatively lower 0.89% annualized return.
GMRAX
- 1D
- -1.42%
- 1M
- -8.18%
- YTD
- -2.61%
- 6M
- -0.55%
- 1Y
- 21.00%
- 3Y*
- 10.97%
- 5Y*
- 2.44%
- 10Y*
- 8.99%
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%
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GMRAX vs. GBIAX - Expense Ratio Comparison
GMRAX has a 0.68% expense ratio, which is higher than GBIAX's 0.64% expense ratio.
Return for Risk
GMRAX vs. GBIAX — Risk / Return Rank
GMRAX
GBIAX
GMRAX vs. GBIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Small Cap Index Fund (GMRAX) 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.
| GMRAX | GBIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.83 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.19 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.56 | -0.27 |
Martin ratioReturn relative to average drawdown | 4.83 | 4.33 | +0.50 |
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 | GBIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.83 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | -0.09 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.18 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.73 | -0.44 |
Correlation
The correlation between GMRAX and GBIAX is -0.18. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GMRAX vs. GBIAX - Dividend Comparison
GMRAX's dividend yield for the trailing twelve months is around 2.56%, less than GBIAX's 2.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMRAX Nationwide Small Cap Index Fund | 2.56% | 2.45% | 4.99% | 0.52% | 1.51% | 6.81% | 0.56% | 7.38% | 46.93% | 17.82% | 7.14% | 12.55% |
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% |
Drawdowns
GMRAX vs. GBIAX - Drawdown Comparison
The maximum GMRAX drawdown since its inception was -59.36%, which is greater than GBIAX's maximum drawdown of -20.26%. Use the drawdown chart below to compare losses from any high point for GMRAX and GBIAX.
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Drawdown Indicators
| GMRAX | GBIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.36% | -20.26% | -39.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.93% | -2.73% | -11.20% |
Max Drawdown (5Y)Largest decline over 5 years | -32.00% | -19.07% | -12.93% |
Max Drawdown (10Y)Largest decline over 10 years | -41.78% | -20.26% | -21.52% |
Current DrawdownCurrent decline from peak | -11.06% | -6.97% | -4.09% |
Average DrawdownAverage peak-to-trough decline | -12.67% | -3.02% | -9.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 0.98% | +2.72% |
Volatility
GMRAX vs. GBIAX - Volatility Comparison
Nationwide Small Cap Index Fund (GMRAX) has a higher volatility of 6.61% compared to Nationwide Bond Index Fund (GBIAX) at 1.57%. This indicates that GMRAX'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.
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Volatility by Period
| GMRAX | GBIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 1.57% | +5.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.15% | 2.63% | +11.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 4.37% | +18.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.61% | 5.98% | +16.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 4.94% | +18.54% |