NTDSX vs. GMXAX

Last updated Jun 26, 2026

NTDSX (Nationwide Destination 2055 Fund) and GMXAX (Nationwide Mid Cap Market Index Fund) are both mutual funds - NTDSX is a Target Retirement Date fund managed by Nationwide, while GMXAX is a Mid Cap Blend Equities fund managed by Nationwide. Over the past 10 years, NTDSX returned 10.49%/yr vs 9.84%/yr for GMXAX. Their correlation of 0.91 suggests significant overlap in exposure. NTDSX charges 0.38%/yr vs 0.68%/yr for GMXAX.

Performance

NTDSX vs. GMXAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Destination 2055 Fund (NTDSX) and Nationwide Mid Cap Market Index Fund (GMXAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NTDSX achieves a 9.12% return, which is significantly lower than GMXAX's 15.01% return. Over the past 10 years, NTDSX has outperformed GMXAX with an annualized return of 10.49%, while GMXAX has yielded a comparatively lower 9.84% annualized return.

NTDSX

• 1D: -0.06%
• 1M: -1.50%
• YTD: 9.12%
• 6M: 8.22%
• 1Y: 21.79%
• 3Y*: 17.39%
• 5Y*: 8.42%
• 10Y*: 10.49%

GMXAX

• 1D: 0.58%
• 1M: 1.71%
• YTD: 15.01%
• 6M: 12.76%
• 1Y: 25.06%
• 3Y*: 15.39%
• 5Y*: 7.72%
• 10Y*: 9.84%

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

NTDSX vs. GMXAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NTDSX Nationwide Destination 2055 Fund	9.12%	19.34%	13.05%	20.34%	-18.88%	17.02%	13.67%	20.80%	-9.18%	17.49%
GMXAX Nationwide Mid Cap Market Index Fund	15.01%	6.84%	12.15%	15.89%	-13.45%	24.33%	12.79%	25.35%	-10.65%	2.80%

Correlation

The correlation between NTDSX and GMXAX is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 27, 2010	0.91

The correlation between NTDSX and GMXAX shifts across timeframes, from 0.81 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NTDSX vs. GMXAX — Risk / Return Rank

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

NTDSX

NTDSX Risk / Return Rank: 56
NTDSX Sharpe Ratio Rank: 54
NTDSX Sortino Ratio Rank: 53
NTDSX Omega Ratio Rank: 52
NTDSX Calmar Ratio Rank: 56
NTDSX Martin Ratio Rank: 66

GMXAX

GMXAX Risk / Return Rank: 50
GMXAX Sharpe Ratio Rank: 41
GMXAX Sortino Ratio Rank: 42
GMXAX Omega Ratio Rank: 37
GMXAX Calmar Ratio Rank: 69
GMXAX Martin Ratio Rank: 59

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.

NTDSX vs. GMXAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2055 Fund (NTDSX) and Nationwide Mid Cap Market Index Fund (GMXAX). 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.

	NTDSX	GMXAX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.54	+0.21
Sortino ratio: Return per unit of downside risk	2.46	2.26	+0.21
Omega ratio: Gain probability vs. loss probability	1.32	1.27	+0.04
Calmar ratio: Return relative to maximum drawdown	2.44	2.74	-0.30
Martin ratio: Return relative to average drawdown	10.60	9.93	+0.67

NTDSX vs. GMXAX - Sharpe Ratio Comparison

The current NTDSX Sharpe Ratio is 1.75, which is comparable to the GMXAX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of NTDSX and GMXAX, 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

NTDSX vs. GMXAX - Drawdown Comparison

The maximum NTDSX drawdown since its inception was -35.39%, smaller than the maximum GMXAX drawdown of -55.64%. Use the drawdown chart below to compare losses from any high point for NTDSX and GMXAX.

Drawdown Indicators

	NTDSX	GMXAX	Difference
Max Drawdown Largest peak-to-trough decline	-35.39%	-55.64%	+20.25%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-8.83%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-14.84%	-24.21%	+9.37%
Max Drawdown (5Y) Largest decline over 5 years	-30.77%	-24.21%	-6.56%
Max Drawdown (10Y) Largest decline over 10 years	-35.39%	-42.22%	+6.83%
Current Drawdown Current decline from peak	-2.42%	-0.52%	-1.90%
Average Drawdown Average peak-to-trough decline	-5.69%	-8.04%	+2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.43%	-0.39%

Volatility

NTDSX vs. GMXAX - Volatility Comparison

Nationwide Destination 2055 Fund (NTDSX) has a higher volatility of 5.22% compared to Nationwide Mid Cap Market Index Fund (GMXAX) at 4.75%. This indicates that NTDSX's price experiences larger fluctuations and is considered to be riskier than GMXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTDSX	GMXAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	4.75%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	11.71%	-1.30%
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	15.78%	-3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.78%	19.72%	-3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	21.29%	-4.79%

NTDSX vs. GMXAX - Expense Ratio Comparison

NTDSX has a 0.38% expense ratio, which is lower than GMXAX's 0.68% expense ratio.

Dividends

NTDSX vs. GMXAX - Dividend Comparison

NTDSX's dividend yield for the trailing twelve months is around 9.37%, less than GMXAX's 11.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMXAX Nationwide Mid Cap Market Index Fund	11.27%	12.93%	11.73%	6.17%	9.58%	12.52%	3.18%	5.18%	23.21%	0.85%	9.60%	13.94%
NTDSX Nationwide Destination 2055 Fund	9.37%	10.19%	15.40%	4.76%	2.54%	8.37%	6.68%	6.82%	9.92%	3.40%	5.85%	4.96%

Frequently Asked Questions

Can I hold both NTDSX and GMXAX in my portfolio?

NTDSX and GMXAX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NTDSX or GMXAX?

NTDSX has higher volatility (5.22%) compared to GMXAX (4.75%). In terms of maximum drawdown, NTDSX dropped -35.39% vs GMXAX's -55.64%.

Which has better risk-adjusted returns?

NTDSX currently has the higher Sharpe Ratio (1.75 vs 1.54), 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.