MUIGX vs. VITPX
MUIGX (Nationwide BNY Mellon Dynamic U.S. Core Fund) and VITPX (Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares) are both Large Cap Blend Equities funds. Over the past 10 years, MUIGX returned 16.67%/yr vs 15.19%/yr for VITPX. With a 0.96 correlation, they move nearly in lockstep. MUIGX charges 0.50%/yr vs 0.02%/yr for VITPX.
Performance
MUIGX vs. VITPX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MUIGX having a 11.48% return and VITPX slightly higher at 11.99%. Over the past 10 years, MUIGX has outperformed VITPX with an annualized return of 16.67%, while VITPX has yielded a comparatively lower 15.19% annualized return.
MUIGX
- 1D
- 0.15%
- 1M
- 6.08%
- YTD
- 11.48%
- 6M
- 11.29%
- 1Y
- 28.42%
- 3Y*
- 21.38%
- 5Y*
- 12.68%
- 10Y*
- 16.67%
VITPX
- 1D
- 0.24%
- 1M
- 5.76%
- YTD
- 11.99%
- 6M
- 11.89%
- 1Y
- 29.15%
- 3Y*
- 22.92%
- 5Y*
- 13.38%
- 10Y*
- 15.19%
MUIGX vs. VITPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUIGX Nationwide BNY Mellon Dynamic U.S. Core Fund | 11.48% | 17.35% | 22.33% | 24.28% | -21.86% | 30.48% | 19.17% | 47.45% | -0.65% | 27.24% |
VITPX Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares | 11.99% | 17.17% | 25.43% | 26.01% | -19.48% | 25.76% | 20.95% | 30.87% | -5.59% | 20.51% |
Correlation
The correlation between MUIGX and VITPX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2001 | 0.96 |
The correlation between MUIGX and VITPX has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
MUIGX vs. VITPX — Risk / Return Rank
MUIGX
VITPX
MUIGX vs. VITPX - 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 Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX). 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 | VITPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.38 | -0.10 |
| Martin ratioReturn relative to average drawdown | 14.74 | 15.60 | -0.85 |
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 | VITPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 2.47 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.78 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.83 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.51 | -0.06 |
Drawdowns
MUIGX vs. VITPX - Drawdown Comparison
The maximum MUIGX drawdown since its inception was -68.10%, which is greater than VITPX's maximum drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for MUIGX and VITPX.
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Drawdown Indicators
| MUIGX | VITPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.10% | -55.28% | -12.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -8.92% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -19.35% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | -25.31% | -2.02% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | -34.99% | +2.29% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -16.88% | -8.02% | -8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.93% | +0.06% |
Volatility
MUIGX vs. VITPX - Volatility Comparison
Nationwide BNY Mellon Dynamic U.S. Core Fund (MUIGX) has a higher volatility of 3.16% compared to Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX) at 2.94%. This indicates that MUIGX's price experiences larger fluctuations and is considered to be riskier than VITPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUIGX | VITPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 2.94% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.00% | 9.19% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.86% | 12.19% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 17.35% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 18.41% | +0.08% |
MUIGX vs. VITPX - Expense Ratio Comparison
MUIGX has a 0.50% expense ratio, which is higher than VITPX's 0.02% expense ratio.
Dividends
MUIGX vs. VITPX - Dividend Comparison
MUIGX's dividend yield for the trailing twelve months is around 4.43%, more than VITPX's 2.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUIGX Nationwide BNY Mellon Dynamic U.S. Core Fund | 4.43% | 4.96% | 4.60% | 1.41% | 1.15% | 7.64% | 2.77% | 14.46% | 48.57% | 10.32% | 5.60% | 4.96% |
VITPX Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares | 2.24% | 2.64% | 4.14% | 2.41% | 6.48% | 5.38% | 11.57% | 2.91% | 3.93% | 1.90% | 2.80% | 2.30% |
Frequently Asked Questions
With a correlation of 0.99, MUIGX and VITPX 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.
MUIGX has higher volatility (3.16%) compared to VITPX (2.94%). In terms of maximum drawdown, MUIGX dropped -68.10% vs VITPX's -55.28%.
MUIGX currently has the higher Sharpe Ratio (2.47 vs 2.47), 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.
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