GRISX vs. GMXAX
Compare and contrast key facts about Nationwide S&P 500 Index Fund (GRISX) and Nationwide Mid Cap Market Index Fund (GMXAX).
GRISX is a passively managed fund by Nationwide that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 1998. GMXAX is managed by Nationwide. It was launched on Dec 29, 1999.
Performance
GRISX vs. GMXAX - Performance Comparison
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GRISX vs. GMXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRISX Nationwide S&P 500 Index Fund | -4.41% | 17.41% | 24.13% | 25.55% | -18.49% | 28.32% | 17.92% | 30.94% | -3.84% | 21.35% |
GMXAX Nationwide Mid Cap Market Index Fund | 2.42% | 6.84% | 12.15% | 15.89% | -13.45% | 24.33% | 12.79% | 25.35% | -10.65% | 2.80% |
Returns By Period
In the year-to-date period, GRISX achieves a -4.41% return, which is significantly lower than GMXAX's 2.42% return. Over the past 10 years, GRISX has outperformed GMXAX with an annualized return of 13.69%, while GMXAX has yielded a comparatively lower 8.64% annualized return.
GRISX
- 1D
- 2.95%
- 1M
- -5.03%
- YTD
- -4.41%
- 6M
- -2.28%
- 1Y
- 16.97%
- 3Y*
- 17.65%
- 5Y*
- 11.26%
- 10Y*
- 13.69%
GMXAX
- 1D
- 2.88%
- 1M
- -6.20%
- YTD
- 2.42%
- 6M
- 3.66%
- 1Y
- 16.08%
- 3Y*
- 11.11%
- 5Y*
- 5.88%
- 10Y*
- 8.64%
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GRISX vs. GMXAX - Expense Ratio Comparison
GRISX has a 0.44% expense ratio, which is lower than GMXAX's 0.68% expense ratio.
Return for Risk
GRISX vs. GMXAX — Risk / Return Rank
GRISX
GMXAX
GRISX vs. GMXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide S&P 500 Index Fund (GRISX) and Nationwide Mid Cap Market Index Fund (GMXAX). 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.
| GRISX | GMXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.80 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.27 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.21 | +0.28 |
Martin ratioReturn relative to average drawdown | 7.12 | 5.19 | +1.93 |
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
| GRISX | GMXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.80 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.30 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.41 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.39 | +0.02 |
Correlation
The correlation between GRISX and GMXAX is 0.89, 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
GRISX vs. GMXAX - Dividend Comparison
GRISX's dividend yield for the trailing twelve months is around 5.35%, less than GMXAX's 12.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRISX Nationwide S&P 500 Index Fund | 5.35% | 5.08% | 2.62% | 0.79% | 1.67% | 4.96% | 1.27% | 6.26% | 18.54% | 6.66% | 7.42% | 11.98% |
GMXAX Nationwide Mid Cap Market Index Fund | 12.72% | 12.93% | 11.73% | 6.17% | 9.58% | 12.52% | 3.18% | 5.18% | 23.21% | 0.85% | 9.60% | 13.94% |
Drawdowns
GRISX vs. GMXAX - Drawdown Comparison
The maximum GRISX drawdown since its inception was -55.53%, roughly equal to the maximum GMXAX drawdown of -55.64%. Use the drawdown chart below to compare losses from any high point for GRISX and GMXAX.
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Drawdown Indicators
| GRISX | GMXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.53% | -55.64% | +0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -14.08% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -24.75% | -24.21% | -0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | -42.22% | +8.37% |
Current DrawdownCurrent decline from peak | -6.27% | -6.20% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -10.92% | -8.10% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 3.28% | -0.75% |
Volatility
GRISX vs. GMXAX - Volatility Comparison
The current volatility for Nationwide S&P 500 Index Fund (GRISX) is 5.34%, while Nationwide Mid Cap Market Index Fund (GMXAX) has a volatility of 6.50%. This indicates that GRISX experiences smaller price fluctuations and is considered to be less risky than GMXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRISX | GMXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 6.50% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 11.81% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.31% | 20.96% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 19.70% | -2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 21.28% | -3.22% |