GMRAX vs. NWJJX
Compare and contrast key facts about Nationwide Small Cap Index Fund (GMRAX) and Nationwide Loomis Core Bond Fund (NWJJX).
GMRAX is managed by Nationwide. It was launched on Dec 29, 1999. NWJJX is managed by Nationwide. It was launched on Feb 15, 1984.
Performance
GMRAX vs. NWJJX - Performance Comparison
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GMRAX vs. NWJJX - 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% |
NWJJX Nationwide Loomis Core Bond Fund | -0.39% | 6.71% | 1.86% | 5.28% | -13.82% | -1.55% | 8.26% | 9.58% | -0.67% | 3.14% |
Returns By Period
In the year-to-date period, GMRAX achieves a 0.74% return, which is significantly higher than NWJJX's -0.39% return. Over the past 10 years, GMRAX has outperformed NWJJX with an annualized return of 9.36%, while NWJJX has yielded a comparatively lower 1.69% 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%
NWJJX
- 1D
- 0.21%
- 1M
- -1.77%
- YTD
- -0.39%
- 6M
- 0.22%
- 1Y
- 3.22%
- 3Y*
- 3.46%
- 5Y*
- -0.04%
- 10Y*
- 1.69%
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GMRAX vs. NWJJX - Expense Ratio Comparison
GMRAX has a 0.68% expense ratio, which is lower than NWJJX's 0.73% expense ratio.
Return for Risk
GMRAX vs. NWJJX — Risk / Return Rank
GMRAX
NWJJX
GMRAX vs. NWJJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Small Cap Index Fund (GMRAX) and Nationwide Loomis Core Bond Fund (NWJJX). 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 | NWJJX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.81 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.16 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.48 | +0.29 |
Martin ratioReturn relative to average drawdown | 6.58 | 4.11 | +2.46 |
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 | NWJJX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.81 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | -0.01 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.35 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.47 | -0.17 |
Correlation
The correlation between GMRAX and NWJJX is -0.08. 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. NWJJX - Dividend Comparison
GMRAX's dividend yield for the trailing twelve months is around 2.47%, less than NWJJX's 3.82% 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% |
NWJJX Nationwide Loomis Core Bond Fund | 3.82% | 4.14% | 4.10% | 3.09% | 1.89% | 2.18% | 5.17% | 3.30% | 2.60% | 2.16% | 3.12% | 2.42% |
Drawdowns
GMRAX vs. NWJJX - Drawdown Comparison
The maximum GMRAX drawdown since its inception was -59.36%, which is greater than NWJJX's maximum drawdown of -18.99%. Use the drawdown chart below to compare losses from any high point for GMRAX and NWJJX.
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Drawdown Indicators
| GMRAX | NWJJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.36% | -18.99% | -40.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.93% | -2.79% | -11.14% |
Max Drawdown (5Y)Largest decline over 5 years | -32.00% | -18.78% | -13.22% |
Max Drawdown (10Y)Largest decline over 10 years | -41.78% | -18.99% | -22.79% |
Current DrawdownCurrent decline from peak | -8.00% | -3.45% | -4.55% |
Average DrawdownAverage peak-to-trough decline | -12.67% | -4.11% | -8.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 1.00% | +2.74% |
Volatility
GMRAX vs. NWJJX - Volatility Comparison
Nationwide Small Cap Index Fund (GMRAX) has a higher volatility of 7.52% compared to Nationwide Loomis Core Bond Fund (NWJJX) at 1.54%. This indicates that GMRAX's price experiences larger fluctuations and is considered to be riskier than NWJJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMRAX | NWJJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.52% | 1.54% | +5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.55% | 2.58% | +11.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.32% | 4.40% | +18.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.66% | 5.82% | +16.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.50% | 4.84% | +18.66% |