GMXAX vs. MISIX
Compare and contrast key facts about Nationwide Mid Cap Market Index Fund (GMXAX) and Victory Trivalent International Small-Cap Fund Class I (MISIX).
GMXAX is managed by Nationwide. It was launched on Dec 29, 1999. MISIX is managed by Victory.
Performance
GMXAX vs. MISIX - Performance Comparison
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GMXAX vs. MISIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMXAX Nationwide Mid Cap Market Index Fund | -0.45% | 6.84% | 12.15% | 15.89% | -13.45% | 24.33% | 12.79% | 25.35% | -10.65% | 2.80% |
MISIX Victory Trivalent International Small-Cap Fund Class I | -0.70% | 42.00% | 4.70% | 15.49% | -23.13% | 12.41% | 15.42% | 27.88% | -20.20% | 37.14% |
Returns By Period
In the year-to-date period, GMXAX achieves a -0.45% return, which is significantly higher than MISIX's -0.70% return. Over the past 10 years, GMXAX has underperformed MISIX with an annualized return of 8.33%, while MISIX has yielded a comparatively higher 9.25% annualized return.
GMXAX
- 1D
- -0.80%
- 1M
- -8.04%
- YTD
- -0.45%
- 6M
- 1.12%
- 1Y
- 13.51%
- 3Y*
- 10.07%
- 5Y*
- 5.59%
- 10Y*
- 8.33%
MISIX
- 1D
- -0.60%
- 1M
- -13.84%
- YTD
- -0.70%
- 6M
- 4.64%
- 1Y
- 33.88%
- 3Y*
- 16.76%
- 5Y*
- 7.07%
- 10Y*
- 9.25%
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GMXAX vs. MISIX - Expense Ratio Comparison
GMXAX has a 0.68% expense ratio, which is lower than MISIX's 0.97% expense ratio.
Return for Risk
GMXAX vs. MISIX — Risk / Return Rank
GMXAX
MISIX
GMXAX vs. MISIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Mid Cap Market Index Fund (GMXAX) and Victory Trivalent International Small-Cap Fund Class I (MISIX). 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.
| GMXAX | MISIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 1.97 | -1.31 |
Sortino ratioReturn per unit of downside risk | 1.08 | 2.54 | -1.46 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.39 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 2.24 | -1.41 |
Martin ratioReturn relative to average drawdown | 3.58 | 9.80 | -6.22 |
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
| GMXAX | MISIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.97 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.40 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.52 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.31 | +0.07 |
Correlation
The correlation between GMXAX and MISIX is 0.72, 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
GMXAX vs. MISIX - Dividend Comparison
GMXAX's dividend yield for the trailing twelve months is around 13.09%, more than MISIX's 6.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMXAX Nationwide Mid Cap Market Index Fund | 13.09% | 12.93% | 11.73% | 6.17% | 9.58% | 12.52% | 3.18% | 5.18% | 23.21% | 0.85% | 9.60% | 13.94% |
MISIX Victory Trivalent International Small-Cap Fund Class I | 6.09% | 6.05% | 2.27% | 1.90% | 1.12% | 8.61% | 0.41% | 1.99% | 3.59% | 1.85% | 1.56% | 1.21% |
Drawdowns
GMXAX vs. MISIX - Drawdown Comparison
The maximum GMXAX drawdown since its inception was -55.64%, smaller than the maximum MISIX drawdown of -67.61%. Use the drawdown chart below to compare losses from any high point for GMXAX and MISIX.
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Drawdown Indicators
| GMXAX | MISIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.64% | -67.61% | +11.97% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -13.84% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -37.69% | +13.48% |
Max Drawdown (10Y)Largest decline over 10 years | -42.22% | -41.82% | -0.40% |
Current DrawdownCurrent decline from peak | -8.83% | -13.84% | +5.01% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -16.99% | +8.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.16% | +0.09% |
Volatility
GMXAX vs. MISIX - Volatility Comparison
The current volatility for Nationwide Mid Cap Market Index Fund (GMXAX) is 5.76%, while Victory Trivalent International Small-Cap Fund Class I (MISIX) has a volatility of 6.80%. This indicates that GMXAX experiences smaller price fluctuations and is considered to be less risky than MISIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMXAX | MISIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 6.80% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.47% | 11.32% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.81% | 16.62% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.66% | 17.68% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.26% | 17.78% | +3.48% |