GMRAX vs. PVIVX
GMRAX (Nationwide Small Cap Index Fund) and PVIVX (Paradigm Micro-cap Fund) are both Small Cap Blend Equities funds. Over the past 10 years, GMRAX returned 10.20%/yr vs 14.08%/yr for PVIVX. Their correlation of 0.89 means they have usually moved in the same direction. GMRAX charges 0.68%/yr vs 1.25%/yr for PVIVX.
Performance
GMRAX vs. PVIVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GMRAX achieves a 19.02% return, which is significantly lower than PVIVX's 33.64% return. Over the past 10 years, GMRAX has underperformed PVIVX with an annualized return of 10.20%, while PVIVX has yielded a comparatively higher 14.08% annualized return.
GMRAX
- 1D
- 1.33%
- 1M
- -1.68%
- 6M
- 13.03%
- YTD
- 19.02%
- 1Y
- 36.97%
- 3Y*
- 14.45%
- 5Y*
- 6.58%
- 10Y*
- 10.20%
- ALL TIME*
- 7.68%
PVIVX
- 1D
- 1.85%
- 1M
- -2.49%
- 6M
- 27.66%
- YTD
- 33.64%
- 1Y
- 47.11%
- 3Y*
- 13.05%
- 5Y*
- 7.21%
- 10Y*
- 14.08%
- ALL TIME*
- 10.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GMRAX vs. PVIVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMRAX Nationwide Small Cap Index Fund | 19.02% | 12.26% | 9.12% | 17.56% | -20.82% | 14.27% | 19.59% | 24.87% | -10.71% | 14.21% |
PVIVX Paradigm Micro-cap Fund | 33.64% | -4.81% | 13.48% | 17.89% | -20.62% | 27.94% | 46.96% | 22.38% | -10.88% | 15.82% |
Correlation
The correlation between GMRAX and PVIVX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2008 | 0.89 |
The correlation between GMRAX and PVIVX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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
GMRAX vs. PVIVX — Risk / Return Rank
GMRAX
PVIVX
GMRAX vs. PVIVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Small Cap Index Fund (GMRAX) and Paradigm Micro-cap Fund (PVIVX). 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.
| GMRAX | PVIVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 2.84 | +0.16 |
| Martin ratioReturn relative to average drawdown | 10.61 | 9.03 | +1.58 |
Loading charts...
Drawdowns
GMRAX vs. PVIVX - Drawdown Comparison
The maximum GMRAX drawdown since its inception was -59.36%, smaller than the maximum PVIVX drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for GMRAX and PVIVX.
Loading charts...
Drawdown Indicators
| GMRAX | PVIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.36% | -95.67% | +36.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -14.84% | +3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -27.67% | -95.67% | +68.00% |
Max Drawdown (5Y)Largest decline over 5 years | -32.00% | -95.67% | +63.67% |
Max Drawdown (10Y)Largest decline over 10 years | -41.78% | -95.67% | +53.89% |
Current DrawdownCurrent decline from peak | -2.62% | -92.67% | +90.05% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -17.53% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 4.66% | -1.54% |
Volatility
GMRAX vs. PVIVX - Volatility Comparison
The current volatility for Nationwide Small Cap Index Fund (GMRAX) is 3.75%, while Paradigm Micro-cap Fund (PVIVX) has a volatility of 7.57%. This indicates that GMRAX experiences smaller price fluctuations and is considered to be less risky than PVIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GMRAX | PVIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 7.57% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 19.47% | -5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.44% | 26.12% | -6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 887.71% | -865.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.52% | 627.66% | -604.14% |
GMRAX vs. PVIVX - Expense Ratio Comparison
GMRAX has a 0.68% expense ratio, which is lower than PVIVX's 1.25% expense ratio.
Dividends
GMRAX vs. PVIVX - Dividend Comparison
GMRAX's dividend yield for the trailing twelve months is around 2.11%, less than PVIVX's 11.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMRAX Nationwide Small Cap Index Fund | 2.11% | 2.45% | 4.99% | 0.52% | 1.51% | 6.81% | 0.56% | 7.38% | 46.93% | 17.82% | 7.14% | 12.55% |
PVIVX Paradigm Micro-cap Fund | 11.92% | 15.93% | 6.40% | 0.00% | 0.00% | 1.11% | 5.25% | 0.01% | 14.09% | 6.88% | 3.61% | 1.32% |
Frequently Asked Questions
GMRAX and PVIVX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PVIVX has higher volatility (7.57%) compared to GMRAX (3.75%). In terms of maximum drawdown, GMRAX dropped -59.36% vs PVIVX's -95.67%.
GMRAX currently has the higher Sharpe Ratio (1.71 vs 1.61), 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 GMRAX and PVIVX
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