GRMRX vs. NDMAX

Last updated Jun 6, 2026

GRMRX (Nationwide S&P 500 Index Fund Class R) and NDMAX (Nationwide Investor Destinations Moderately Aggressive Fund) are both mutual funds - GRMRX is a S&P 500 fund tracking the S&P 500 Index, while NDMAX is a Diversified Portfolio fund managed by Nationwide. Over the past 10 years, GRMRX returned 14.66%/yr vs 9.02%/yr for NDMAX. With a 0.95 correlation, they move nearly in lockstep. GRMRX charges 0.93%/yr vs 0.52%/yr for NDMAX.

Performance

GRMRX vs. NDMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide S&P 500 Index Fund Class R (GRMRX) and Nationwide Investor Destinations Moderately Aggressive Fund (NDMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRMRX achieves a 10.94% return, which is significantly higher than NDMAX's 10.34% return. Over the past 10 years, GRMRX has outperformed NDMAX with an annualized return of 14.66%, while NDMAX has yielded a comparatively lower 9.02% annualized return.

GRMRX

• 1D: 0.42%
• 1M: 3.04%
• YTD: 10.94%
• 6M: 10.61%
• 1Y: 28.18%
• 3Y*: 21.49%
• 5Y*: 12.93%
• 10Y*: 14.66%

NDMAX

• 1D: 0.38%
• 1M: 1.53%
• YTD: 10.34%
• 6M: 11.15%
• 1Y: 23.54%
• 3Y*: 16.45%
• 5Y*: 7.75%
• 10Y*: 9.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GRMRX vs. NDMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GRMRX Nationwide S&P 500 Index Fund Class R	10.94%	16.90%	23.49%	25.00%	-18.86%	27.62%	17.38%	30.41%	-4.21%	20.78%
NDMAX Nationwide Investor Destinations Moderately Aggressive Fund	10.34%	15.92%	12.14%	18.16%	-17.78%	14.69%	12.86%	19.67%	-8.68%	15.70%

Correlation

The correlation between GRMRX and NDMAX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 3, 2008	0.95

The correlation between GRMRX and NDMAX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

GRMRX vs. NDMAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GRMRX

GRMRX Risk / Return Rank: 67
GRMRX Sharpe Ratio Rank: 67
GRMRX Sortino Ratio Rank: 61
GRMRX Omega Ratio Rank: 62
GRMRX Calmar Ratio Rank: 68
GRMRX Martin Ratio Rank: 79

NDMAX

NDMAX Risk / Return Rank: 65
NDMAX Sharpe Ratio Rank: 63
NDMAX Sortino Ratio Rank: 64
NDMAX Omega Ratio Rank: 61
NDMAX Calmar Ratio Rank: 66
NDMAX Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GRMRX vs. NDMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide S&P 500 Index Fund Class R (GRMRX) and Nationwide Investor Destinations Moderately Aggressive Fund (NDMAX). 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.

	GRMRX	NDMAX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.28	+0.05
Sortino ratio: Return per unit of downside risk	3.18	3.25	-0.08
Omega ratio: Gain probability vs. loss probability	1.42	1.42	0.00
Calmar ratio: Return relative to maximum drawdown	3.07	3.02	+0.05
Martin ratio: Return relative to average drawdown	14.21	12.94	+1.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRMRX vs. NDMAX - Sharpe Ratio Comparison

The current GRMRX Sharpe Ratio is 2.33, which is comparable to the NDMAX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of GRMRX and NDMAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GRMRX	NDMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.28	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.57	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.62	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.39	+0.15

Drawdowns

GRMRX vs. NDMAX - Drawdown Comparison

The maximum GRMRX drawdown since its inception was -52.25%, which is greater than NDMAX's maximum drawdown of -47.85%. Use the drawdown chart below to compare losses from any high point for GRMRX and NDMAX.

Drawdown Indicators

	GRMRX	NDMAX	Difference
Max Drawdown Largest peak-to-trough decline	-52.25%	-47.85%	-4.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-7.75%	-1.26%
Max Drawdown (3Y) Largest decline over 3 years	-18.84%	-13.33%	-5.51%
Max Drawdown (5Y) Largest decline over 5 years	-25.04%	-27.51%	+2.47%
Max Drawdown (10Y) Largest decline over 10 years	-33.87%	-33.00%	-0.87%
Current Drawdown Current decline from peak	-0.33%	-0.28%	-0.05%
Average Drawdown Average peak-to-trough decline	-7.01%	-8.18%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	1.80%	+0.14%

Volatility

GRMRX vs. NDMAX - Volatility Comparison

The current volatility for Nationwide S&P 500 Index Fund Class R (GRMRX) is 2.88%, while Nationwide Investor Destinations Moderately Aggressive Fund (NDMAX) has a volatility of 3.17%. This indicates that GRMRX experiences smaller price fluctuations and is considered to be less risky than NDMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRMRX	NDMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	3.17%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	8.99%	8.33%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	10.28%	+1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	13.65%	+3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	14.48%	+3.60%

GRMRX vs. NDMAX - Expense Ratio Comparison

GRMRX has a 0.93% expense ratio, which is higher than NDMAX's 0.52% expense ratio.

Dividends

GRMRX vs. NDMAX - Dividend Comparison

GRMRX's dividend yield for the trailing twelve months is around 4.27%, less than NDMAX's 8.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRMRX Nationwide S&P 500 Index Fund Class R	4.27%	4.74%	2.21%	0.47%	1.20%	4.63%	0.86%	5.98%	18.24%	6.42%	7.16%	11.57%
NDMAX Nationwide Investor Destinations Moderately Aggressive Fund	8.45%	9.28%	16.19%	6.30%	3.88%	5.83%	5.68%	8.26%	14.63%	10.61%	8.26%	7.82%

Frequently Asked Questions

Can I hold both GRMRX and NDMAX in my portfolio?

With a correlation of 0.92, GRMRX and NDMAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GRMRX or NDMAX?

NDMAX has higher volatility (3.17%) compared to GRMRX (2.88%). In terms of maximum drawdown, GRMRX dropped -52.25% vs NDMAX's -47.85%.

Which has better risk-adjusted returns?

GRMRX currently has the higher Sharpe Ratio (2.33 vs 2.28), 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.