NDAAX vs. GIIAX

Last updated Jun 24, 2026

NDAAX (Nationwide Investor Destinations Aggressive Fund) and GIIAX (Nationwide International Index Fund) are both mutual funds - NDAAX is a Diversified Portfolio fund managed by Nationwide, while GIIAX is a Foreign Large Cap Equities fund managed by Nationwide. Over the past 10 years, NDAAX returned 10.68%/yr vs 9.57%/yr for GIIAX. Their correlation of 0.85 suggests significant overlap in exposure. NDAAX charges 0.53%/yr vs 0.71%/yr for GIIAX.

Performance

NDAAX vs. GIIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Investor Destinations Aggressive Fund (NDAAX) and Nationwide International Index Fund (GIIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDAAX achieves a 12.44% return, which is significantly higher than GIIAX's 10.39% return. Over the past 10 years, NDAAX has outperformed GIIAX with an annualized return of 10.68%, while GIIAX has yielded a comparatively lower 9.57% annualized return.

NDAAX

• 1D: 0.00%
• 1M: 2.09%
• YTD: 12.44%
• 6M: 11.62%
• 1Y: 26.40%
• 3Y*: 18.41%
• 5Y*: 9.26%
• 10Y*: 10.68%

GIIAX

• 1D: 0.18%
• 1M: 2.13%
• YTD: 10.39%
• 6M: 9.96%
• 1Y: 23.96%
• 3Y*: 16.82%
• 5Y*: 8.65%
• 10Y*: 9.57%

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

NDAAX vs. GIIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NDAAX Nationwide Investor Destinations Aggressive Fund	12.44%	17.35%	14.01%	20.48%	-18.33%	17.16%	13.37%	21.59%	-10.35%	17.71%
GIIAX Nationwide International Index Fund	10.39%	31.11%	3.05%	16.88%	-14.43%	10.67%	7.26%	21.56%	-14.10%	24.81%

Correlation

The correlation between NDAAX and GIIAX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Mar 31, 2000	0.85

The correlation between NDAAX and GIIAX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

NDAAX vs. GIIAX — Risk / Return Rank

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

NDAAX

NDAAX Risk / Return Rank: 69
NDAAX Sharpe Ratio Rank: 67
NDAAX Sortino Ratio Rank: 66
NDAAX Omega Ratio Rank: 62
NDAAX Calmar Ratio Rank: 74
NDAAX Martin Ratio Rank: 78

GIIAX

GIIAX Risk / Return Rank: 38
GIIAX Sharpe Ratio Rank: 37
GIIAX Sortino Ratio Rank: 37
GIIAX Omega Ratio Rank: 36
GIIAX Calmar Ratio Rank: 38
GIIAX Martin Ratio Rank: 40

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.

NDAAX vs. GIIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Investor Destinations Aggressive Fund (NDAAX) and Nationwide International Index Fund (GIIAX). 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.

	NDAAX	GIIAX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.65	+0.55
Sortino ratio: Return per unit of downside risk	3.09	2.36	+0.73
Omega ratio: Gain probability vs. loss probability	1.40	1.30	+0.10
Calmar ratio: Return relative to maximum drawdown	3.17	2.23	+0.95
Martin ratio: Return relative to average drawdown	13.58	8.12	+5.46

NDAAX vs. GIIAX - Sharpe Ratio Comparison

The current NDAAX Sharpe Ratio is 2.21, which is higher than the GIIAX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of NDAAX and GIIAX, 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

NDAAX vs. GIIAX - Drawdown Comparison

The maximum NDAAX drawdown since its inception was -55.26%, smaller than the maximum GIIAX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for NDAAX and GIIAX.

Drawdown Indicators

	NDAAX	GIIAX	Difference
Max Drawdown Largest peak-to-trough decline	-55.26%	-61.28%	+6.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.70%	-11.21%	+2.51%
Max Drawdown (3Y) Largest decline over 3 years	-15.84%	-13.63%	-2.21%
Max Drawdown (5Y) Largest decline over 5 years	-29.50%	-29.61%	+0.11%
Max Drawdown (10Y) Largest decline over 10 years	-36.67%	-34.23%	-2.44%
Current Drawdown Current decline from peak	-0.28%	0.00%	-0.28%
Average Drawdown Average peak-to-trough decline	-10.40%	-16.03%	+5.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	3.07%	-1.04%

Volatility

NDAAX vs. GIIAX - Volatility Comparison

Nationwide Investor Destinations Aggressive Fund (NDAAX) and Nationwide International Index Fund (GIIAX) have volatilities of 4.79% and 5.02%, 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.

Volatility by Period

	NDAAX	GIIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	5.02%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	10.29%	12.69%	-2.40%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	15.12%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	15.80%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	16.35%	+0.60%

NDAAX vs. GIIAX - Expense Ratio Comparison

NDAAX has a 0.53% expense ratio, which is lower than GIIAX's 0.71% expense ratio.

Dividends

NDAAX vs. GIIAX - Dividend Comparison

NDAAX's dividend yield for the trailing twelve months is around 9.27%, more than GIIAX's 6.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIIAX Nationwide International Index Fund	6.64%	7.14%	3.84%	2.99%	1.90%	3.69%	1.58%	4.20%	6.17%	6.21%	2.87%	3.36%
NDAAX Nationwide Investor Destinations Aggressive Fund	9.27%	10.60%	18.58%	5.92%	3.68%	6.69%	5.75%	8.80%	14.29%	12.98%	9.26%	7.45%

Frequently Asked Questions

Can I hold both NDAAX and GIIAX in my portfolio?

NDAAX and GIIAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NDAAX or GIIAX?

GIIAX has higher volatility (5.02%) compared to NDAAX (4.79%). In terms of maximum drawdown, NDAAX dropped -55.26% vs GIIAX's -61.28%.

Which has better risk-adjusted returns?

NDAAX currently has the higher Sharpe Ratio (2.21 vs 1.65), 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.