GRISX vs. NWMSX
Compare and contrast key facts about Nationwide S&P 500 Index Fund (GRISX) and Nationwide Destination 2040 Fund (NWMSX).
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. NWMSX is managed by Nationwide. It was launched on Aug 28, 2007.
Performance
GRISX vs. NWMSX - Performance Comparison
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GRISX vs. NWMSX - 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% |
NWMSX Nationwide Destination 2040 Fund | -1.70% | 17.51% | 11.63% | 18.59% | -18.29% | 15.03% | 13.50% | 19.70% | -8.44% | 10.47% |
Returns By Period
In the year-to-date period, GRISX achieves a -4.41% return, which is significantly lower than NWMSX's -1.70% return. Over the past 10 years, GRISX has outperformed NWMSX with an annualized return of 13.69%, while NWMSX has yielded a comparatively lower 7.88% 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%
NWMSX
- 1D
- 2.39%
- 1M
- -4.59%
- YTD
- -1.70%
- 6M
- 0.65%
- 1Y
- 15.50%
- 3Y*
- 13.00%
- 5Y*
- 6.40%
- 10Y*
- 7.88%
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GRISX vs. NWMSX - Expense Ratio Comparison
GRISX has a 0.44% expense ratio, which is higher than NWMSX's 0.38% expense ratio.
Return for Risk
GRISX vs. NWMSX — Risk / Return Rank
GRISX
NWMSX
GRISX vs. NWMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide S&P 500 Index Fund (GRISX) and Nationwide Destination 2040 Fund (NWMSX). 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 | NWMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.27 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.83 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.80 | -0.31 |
Martin ratioReturn relative to average drawdown | 7.12 | 7.93 | -0.81 |
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 | NWMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.27 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.45 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.52 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.33 | +0.08 |
Correlation
The correlation between GRISX and NWMSX is 0.95, 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. NWMSX - Dividend Comparison
GRISX's dividend yield for the trailing twelve months is around 5.35%, less than NWMSX's 8.88% 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% |
NWMSX Nationwide Destination 2040 Fund | 8.88% | 8.66% | 14.65% | 6.81% | 2.49% | 9.45% | 6.28% | 7.29% | 11.84% | 1.98% | 8.03% | 5.32% |
Drawdowns
GRISX vs. NWMSX - Drawdown Comparison
The maximum GRISX drawdown since its inception was -55.53%, roughly equal to the maximum NWMSX drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for GRISX and NWMSX.
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Drawdown Indicators
| GRISX | NWMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.53% | -55.33% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -8.99% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.75% | -30.39% | +5.64% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | -32.80% | -1.05% |
Current DrawdownCurrent decline from peak | -6.27% | -5.54% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -10.92% | -9.39% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.04% | +0.49% |
Volatility
GRISX vs. NWMSX - Volatility Comparison
Nationwide S&P 500 Index Fund (GRISX) has a higher volatility of 5.34% compared to Nationwide Destination 2040 Fund (NWMSX) at 4.99%. This indicates that GRISX's price experiences larger fluctuations and is considered to be riskier than NWMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRISX | NWMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 4.99% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 7.70% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.31% | 12.68% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 14.22% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 15.15% | +2.91% |