GMRAX vs. VOO
Compare and contrast key facts about Nationwide Small Cap Index Fund (GMRAX) and Vanguard S&P 500 ETF (VOO).
GMRAX is managed by Nationwide. It was launched on Dec 29, 1999. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GMRAX or VOO.
Correlation
The correlation between GMRAX and VOO is 0.83, 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. VOO - Performance Comparison
Key characteristics
GMRAX:
0.32
VOO:
1.76
GMRAX:
0.60
VOO:
2.37
GMRAX:
1.07
VOO:
1.32
GMRAX:
0.21
VOO:
2.66
GMRAX:
1.19
VOO:
11.10
GMRAX:
5.52%
VOO:
2.02%
GMRAX:
20.33%
VOO:
12.79%
GMRAX:
-63.41%
VOO:
-33.99%
GMRAX:
-24.21%
VOO:
-2.11%
Returns By Period
In the year-to-date period, GMRAX achieves a -1.54% return, which is significantly lower than VOO's 2.40% return. Over the past 10 years, GMRAX has underperformed VOO with an annualized return of -1.94%, while VOO has yielded a comparatively higher 13.03% annualized return.
GMRAX
-1.54%
-4.63%
-4.18%
5.97%
4.14%
-1.94%
VOO
2.40%
-1.05%
7.47%
19.81%
14.27%
13.03%
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GMRAX vs. VOO - Expense Ratio Comparison
GMRAX has a 0.68% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
GMRAX vs. VOO — Risk-Adjusted Performance Rank
GMRAX
VOO
GMRAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Small Cap Index Fund (GMRAX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
GMRAX's dividend yield for the trailing twelve months is around 1.42%, more than VOO's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMRAX Nationwide Small Cap Index Fund | 1.42% | 1.40% | 1.00% | 0.80% | 0.40% | 0.56% | 0.87% | 1.33% | 0.82% | 1.01% | 1.09% | 0.74% |
VOO Vanguard S&P 500 ETF | 1.22% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
GMRAX vs. VOO - Drawdown Comparison
The maximum GMRAX drawdown since its inception was -63.41%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GMRAX and VOO. For additional features, visit the drawdowns tool.
Volatility
GMRAX vs. VOO - Volatility Comparison
Nationwide Small Cap Index Fund (GMRAX) has a higher volatility of 4.77% compared to Vanguard S&P 500 ETF (VOO) at 3.38%. This indicates that GMRAX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.