MUIGX vs. GMRAX
Compare and contrast key facts about Nationwide BNY Mellon Dynamic U.S. Core Fund (MUIGX) and Nationwide Small Cap Index Fund (GMRAX).
MUIGX is managed by Nationwide. It was launched on Feb 14, 1961. GMRAX is managed by Nationwide. It was launched on Dec 29, 1999.
Performance
MUIGX vs. GMRAX - Performance Comparison
Loading graphics...
MUIGX vs. GMRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUIGX Nationwide BNY Mellon Dynamic U.S. Core Fund | -4.63% | 17.35% | 22.33% | 24.28% | -21.86% | 30.48% | 19.17% | 47.45% | -0.65% | 27.24% |
GMRAX Nationwide Small Cap Index Fund | 0.74% | 12.26% | 9.12% | 17.56% | -20.82% | 14.27% | 19.59% | 24.87% | -10.71% | 14.21% |
Returns By Period
In the year-to-date period, MUIGX achieves a -4.63% return, which is significantly lower than GMRAX's 0.74% return. Over the past 10 years, MUIGX has outperformed GMRAX with an annualized return of 14.88%, while GMRAX has yielded a comparatively lower 9.36% annualized return.
MUIGX
- 1D
- 2.81%
- 1M
- -5.26%
- YTD
- -4.63%
- 6M
- -2.89%
- 1Y
- 16.24%
- 3Y*
- 16.77%
- 5Y*
- 10.28%
- 10Y*
- 14.88%
GMRAX
- 1D
- 3.44%
- 1M
- -5.92%
- YTD
- 0.74%
- 6M
- 2.63%
- 1Y
- 25.17%
- 3Y*
- 12.23%
- 5Y*
- 2.84%
- 10Y*
- 9.36%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MUIGX vs. GMRAX - Expense Ratio Comparison
MUIGX has a 0.50% expense ratio, which is lower than GMRAX's 0.68% expense ratio.
Return for Risk
MUIGX vs. GMRAX — Risk / Return Rank
MUIGX
GMRAX
MUIGX vs. GMRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide BNY Mellon Dynamic U.S. Core Fund (MUIGX) and Nationwide Small Cap Index Fund (GMRAX). 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.
| MUIGX | GMRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.08 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.63 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.76 | -0.24 |
Martin ratioReturn relative to average drawdown | 6.94 | 6.58 | +0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MUIGX | GMRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.08 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.13 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.40 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.29 | +0.14 |
Correlation
The correlation between MUIGX and GMRAX is 0.85, 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
MUIGX vs. GMRAX - Dividend Comparison
MUIGX's dividend yield for the trailing twelve months is around 5.18%, more than GMRAX's 2.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUIGX Nationwide BNY Mellon Dynamic U.S. Core Fund | 5.18% | 4.96% | 4.60% | 1.41% | 1.15% | 7.64% | 2.77% | 14.46% | 48.57% | 10.32% | 5.60% | 4.96% |
GMRAX Nationwide Small Cap Index Fund | 2.47% | 2.45% | 4.99% | 0.52% | 1.51% | 6.81% | 0.56% | 7.38% | 46.93% | 17.82% | 7.14% | 12.55% |
Drawdowns
MUIGX vs. GMRAX - Drawdown Comparison
The maximum MUIGX drawdown since its inception was -68.10%, which is greater than GMRAX's maximum drawdown of -59.36%. Use the drawdown chart below to compare losses from any high point for MUIGX and GMRAX.
Loading graphics...
Drawdown Indicators
| MUIGX | GMRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.10% | -59.36% | -8.74% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -13.93% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | -32.00% | +4.67% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | -41.78% | +9.08% |
Current DrawdownCurrent decline from peak | -6.39% | -8.00% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -16.94% | -12.67% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.74% | -1.23% |
Volatility
MUIGX vs. GMRAX - Volatility Comparison
The current volatility for Nationwide BNY Mellon Dynamic U.S. Core Fund (MUIGX) is 5.25%, while Nationwide Small Cap Index Fund (GMRAX) has a volatility of 7.52%. This indicates that MUIGX experiences smaller price fluctuations and is considered to be less risky than GMRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MUIGX | GMRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 7.52% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 14.55% | -5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 23.32% | -5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 22.66% | -5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.47% | 23.50% | -5.03% |