NDMAX vs. NDCAX
NDMAX (Nationwide Investor Destinations Moderately Aggressive Fund) and NDCAX (Nationwide Investor Destinations Conservative Fund) are both Diversified Portfolio funds from Nationwide. Over the past 10 years, NDMAX returned 8.83%/yr vs 3.28%/yr for NDCAX. Their correlation of 0.83 means they have usually moved in the same direction. NDMAX charges 0.52%/yr vs 0.51%/yr for NDCAX.
Performance
NDMAX vs. NDCAX - Performance Comparison
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Returns By Period
In the year-to-date period, NDMAX achieves a 11.06% return, which is significantly higher than NDCAX's 2.64% return. Over the past 10 years, NDMAX has outperformed NDCAX with an annualized return of 8.83%, while NDCAX has yielded a comparatively lower 3.28% annualized return.
NDMAX
- 1D
- 0.76%
- 1M
- 0.95%
- 6M
- 7.70%
- YTD
- 11.06%
- 1Y
- 19.76%
- 3Y*
- 15.31%
- 5Y*
- 7.64%
- 10Y*
- 8.83%
- ALL TIME*
- 5.77%
NDCAX
- 1D
- 0.49%
- 1M
- -0.19%
- 6M
- 1.72%
- YTD
- 2.64%
- 1Y
- 6.32%
- 3Y*
- 6.49%
- 5Y*
- 2.03%
- 10Y*
- 3.28%
- ALL TIME*
- 3.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NDMAX vs. NDCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDMAX Nationwide Investor Destinations Moderately Aggressive Fund | 11.06% | 15.92% | 12.14% | 18.16% | -17.78% | 14.69% | 12.86% | 19.67% | -8.68% | 15.70% |
NDCAX Nationwide Investor Destinations Conservative Fund | 2.64% | 8.40% | 4.15% | 8.61% | -12.52% | 3.71% | 8.22% | 8.79% | -2.16% | 5.05% |
Correlation
The correlation between NDMAX and NDCAX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2000 | 0.83 |
The correlation between NDMAX and NDCAX shifts across timeframes, from 0.76 (5 years) to 0.89 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NDMAX vs. NDCAX — Risk / Return Rank
NDMAX
NDCAX
NDMAX vs. NDCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Investor Destinations Moderately Aggressive Fund (NDMAX) and Nationwide Investor Destinations Conservative Fund (NDCAX). 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.
| NDMAX | NDCAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.27 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 1.62 | +1.10 |
| Martin ratioReturn relative to average drawdown | 11.38 | 7.06 | +4.32 |
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Drawdowns
NDMAX vs. NDCAX - Drawdown Comparison
The maximum NDMAX drawdown since its inception was -47.85%, which is greater than NDCAX's maximum drawdown of -17.56%. Use the drawdown chart below to compare losses from any high point for NDMAX and NDCAX.
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Drawdown Indicators
| NDMAX | NDCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.85% | -17.56% | -30.29% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -4.18% | -3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -13.33% | -4.30% | -9.03% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -17.56% | -9.95% |
Max Drawdown (10Y)Largest decline over 10 years | -33.00% | -17.56% | -15.44% |
Current DrawdownCurrent decline from peak | 0.00% | -0.48% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -1.93% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 0.96% | +0.90% |
Volatility
NDMAX vs. NDCAX - Volatility Comparison
Nationwide Investor Destinations Moderately Aggressive Fund (NDMAX) has a higher volatility of 3.40% compared to Nationwide Investor Destinations Conservative Fund (NDCAX) at 1.50%. This indicates that NDMAX's price experiences larger fluctuations and is considered to be riskier than NDCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDMAX | NDCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 1.50% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.52% | 4.07% | +5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.26% | 4.65% | +6.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 5.76% | +8.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 5.00% | +9.45% |
NDMAX vs. NDCAX - Expense Ratio Comparison
NDMAX has a 0.52% expense ratio, which is higher than NDCAX's 0.51% expense ratio.
Dividends
NDMAX vs. NDCAX - Dividend Comparison
NDMAX's dividend yield for the trailing twelve months is around 8.41%, more than NDCAX's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDCAX Nationwide Investor Destinations Conservative Fund | 3.34% | 3.60% | 5.42% | 3.42% | 2.06% | 3.02% | 2.98% | 1.63% | 5.35% | 2.27% | 2.91% | 2.40% |
NDMAX Nationwide Investor Destinations Moderately Aggressive Fund | 8.41% | 9.28% | 16.19% | 6.30% | 3.88% | 5.83% | 5.68% | 8.26% | 14.63% | 10.61% | 8.26% | 7.82% |
Frequently Asked Questions
NDMAX and NDCAX 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.
NDMAX has higher volatility (3.40%) compared to NDCAX (1.50%). In terms of maximum drawdown, NDMAX dropped -47.85% vs NDCAX's -17.56%.
NDMAX currently has the higher Sharpe Ratio (1.89 vs 1.46), 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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