NADMX vs. FCSRX

Last updated Jun 24, 2026

NADMX (Nationwide Investor Destinations Moderate Fund) and FCSRX (Fidelity Advisor Strategic Real Return Fund Class C) are both Diversified Portfolio funds. Over the past 10 years, NADMX returned 7.47%/yr vs 4.47%/yr for FCSRX. A 0.60 correlation means they provide meaningful diversification when combined. NADMX charges 0.53%/yr vs 1.70%/yr for FCSRX.

Performance

NADMX vs. FCSRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Investor Destinations Moderate Fund (NADMX) and Fidelity Advisor Strategic Real Return Fund Class C (FCSRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NADMX achieves a 7.84% return, which is significantly higher than FCSRX's 6.09% return. Over the past 10 years, NADMX has outperformed FCSRX with an annualized return of 7.47%, while FCSRX has yielded a comparatively lower 4.47% annualized return.

NADMX

• 1D: -0.10%
• 1M: 1.51%
• YTD: 7.84%
• 6M: 7.50%
• 1Y: 18.01%
• 3Y*: 12.93%
• 5Y*: 6.11%
• 10Y*: 7.47%

FCSRX

• 1D: 0.00%
• 1M: -1.82%
• YTD: 6.09%
• 6M: 5.84%
• 1Y: 11.64%
• 3Y*: 8.22%
• 5Y*: 4.88%
• 10Y*: 4.47%

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

NADMX vs. FCSRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NADMX Nationwide Investor Destinations Moderate Fund	7.84%	13.37%	9.46%	15.26%	-16.17%	11.43%	10.91%	16.50%	-6.66%	12.24%
FCSRX Fidelity Advisor Strategic Real Return Fund Class C	6.09%	9.27%	4.75%	3.60%	-4.26%	14.68%	2.60%	9.54%	-5.03%	3.02%

Correlation

The correlation between NADMX and FCSRX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Sep 9, 2005	0.60

The correlation between NADMX and FCSRX shifts across timeframes, from 0.40 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

NADMX vs. FCSRX — Risk / Return Rank

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

NADMX

NADMX Risk / Return Rank: 68
NADMX Sharpe Ratio Rank: 66
NADMX Sortino Ratio Rank: 69
NADMX Omega Ratio Rank: 66
NADMX Calmar Ratio Rank: 67
NADMX Martin Ratio Rank: 72

FCSRX

FCSRX Risk / Return Rank: 82
FCSRX Sharpe Ratio Rank: 79
FCSRX Sortino Ratio Rank: 75
FCSRX Omega Ratio Rank: 77
FCSRX Calmar Ratio Rank: 89
FCSRX Martin Ratio Rank: 90

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.

NADMX vs. FCSRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Investor Destinations Moderate Fund (NADMX) and Fidelity Advisor Strategic Real Return Fund Class C (FCSRX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NADMX	FCSRX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.40	-0.22
Sortino ratio: Return per unit of downside risk	3.15	3.32	-0.18
Omega ratio: Gain probability vs. loss probability	1.41	1.46	-0.05
Calmar ratio: Return relative to maximum drawdown	3.00	4.14	-1.15
Martin ratio: Return relative to average drawdown	12.89	16.77	-3.88

NADMX vs. FCSRX - Sharpe Ratio Comparison

The current NADMX Sharpe Ratio is 2.19, which is comparable to the FCSRX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of NADMX and FCSRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NADMX vs. FCSRX - Drawdown Comparison

The maximum NADMX drawdown since its inception was -36.95%, which is greater than FCSRX's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for NADMX and FCSRX.

Drawdown Indicators

	NADMX	FCSRX	Difference
Max Drawdown Largest peak-to-trough decline	-36.95%	-33.91%	-3.04%
Max Drawdown (1Y) Largest decline over 1 year	-6.30%	-2.76%	-3.54%
Max Drawdown (3Y) Largest decline over 3 years	-10.18%	-5.85%	-4.33%
Max Drawdown (5Y) Largest decline over 5 years	-24.67%	-13.22%	-11.45%
Max Drawdown (10Y) Largest decline over 10 years	-26.70%	-20.02%	-6.68%
Current Drawdown Current decline from peak	-0.30%	-2.76%	+2.46%
Average Drawdown Average peak-to-trough decline	-5.77%	-5.09%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	0.68%	+0.78%

Volatility

NADMX vs. FCSRX - Volatility Comparison

Nationwide Investor Destinations Moderate Fund (NADMX) has a higher volatility of 3.32% compared to Fidelity Advisor Strategic Real Return Fund Class C (FCSRX) at 1.39%. This indicates that NADMX's price experiences larger fluctuations and is considered to be riskier than FCSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NADMX	FCSRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	1.39%	+1.93%
Volatility (6M) Calculated over the trailing 6-month period	7.20%	3.71%	+3.49%
Volatility (1Y) Calculated over the trailing 1-year period	8.64%	4.76%	+3.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.93%	6.89%	+4.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.34%	6.71%	+4.63%

NADMX vs. FCSRX - Expense Ratio Comparison

NADMX has a 0.53% expense ratio, which is lower than FCSRX's 1.70% expense ratio.

Dividends

NADMX vs. FCSRX - Dividend Comparison

NADMX's dividend yield for the trailing twelve months is around 6.52%, more than FCSRX's 3.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCSRX Fidelity Advisor Strategic Real Return Fund Class C	3.34%	3.74%	3.86%	4.35%	6.51%	4.53%	1.32%	2.20%	8.51%	1.58%	1.34%	0.66%
NADMX Nationwide Investor Destinations Moderate Fund	6.52%	7.28%	13.03%	6.02%	3.57%	5.41%	5.11%	4.90%	12.09%	6.93%	7.38%	8.72%

Frequently Asked Questions

Can I hold both NADMX and FCSRX in my portfolio?

NADMX and FCSRX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NADMX or FCSRX?

NADMX has higher volatility (3.32%) compared to FCSRX (1.39%). In terms of maximum drawdown, NADMX dropped -36.95% vs FCSRX's -33.91%.

Which has better risk-adjusted returns?

FCSRX currently has the higher Sharpe Ratio (2.40 vs 2.19), 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.