MUIGX vs. GRISX
Compare and contrast key facts about Nationwide BNY Mellon Dynamic U.S. Core Fund (MUIGX) and Nationwide S&P 500 Index Fund (GRISX).
MUIGX is managed by Nationwide. It was launched on Feb 14, 1961. 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.
Performance
MUIGX vs. GRISX - Performance Comparison
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MUIGX vs. GRISX - 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% |
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% |
Returns By Period
The year-to-date returns for both investments are quite close, with MUIGX having a -4.63% return and GRISX slightly higher at -4.41%. Over the past 10 years, MUIGX has outperformed GRISX with an annualized return of 14.88%, while GRISX has yielded a comparatively lower 13.69% 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%
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%
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MUIGX vs. GRISX - Expense Ratio Comparison
MUIGX has a 0.50% expense ratio, which is higher than GRISX's 0.44% expense ratio.
Return for Risk
MUIGX vs. GRISX — Risk / Return Rank
MUIGX
GRISX
MUIGX vs. GRISX - 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 S&P 500 Index Fund (GRISX). 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 | GRISX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.96 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.47 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.49 | +0.03 |
Martin ratioReturn relative to average drawdown | 6.94 | 7.12 | -0.19 |
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
| MUIGX | GRISX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.96 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.67 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.76 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.40 | +0.03 |
Correlation
The correlation between MUIGX and GRISX 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
MUIGX vs. GRISX - Dividend Comparison
MUIGX's dividend yield for the trailing twelve months is around 5.18%, less than GRISX's 5.35% 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% |
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% |
Drawdowns
MUIGX vs. GRISX - Drawdown Comparison
The maximum MUIGX drawdown since its inception was -68.10%, which is greater than GRISX's maximum drawdown of -55.53%. Use the drawdown chart below to compare losses from any high point for MUIGX and GRISX.
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Drawdown Indicators
| MUIGX | GRISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.10% | -55.53% | -12.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -12.11% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | -24.75% | -2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | -33.85% | +1.15% |
Current DrawdownCurrent decline from peak | -6.39% | -6.27% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -16.94% | -10.92% | -6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.53% | -0.02% |
Volatility
MUIGX vs. GRISX - Volatility Comparison
Nationwide BNY Mellon Dynamic U.S. Core Fund (MUIGX) and Nationwide S&P 500 Index Fund (GRISX) have volatilities of 5.25% and 5.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUIGX | GRISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 5.34% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 9.54% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 18.31% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 16.95% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.47% | 18.06% | +0.41% |