NWESX vs. FRIMX
NWESX (Nationwide Destination Retirement Fund) and FRIMX (Fidelity Advisor Managed Retirement Income Fund Class I) are both Target Retirement Date funds. Over the past 10 years, NWESX returned 5.52%/yr vs 4.19%/yr for FRIMX. Their correlation of 0.93 suggests significant overlap in exposure. NWESX charges 0.38%/yr vs 0.45%/yr for FRIMX.
Performance
NWESX vs. FRIMX - Performance Comparison
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Returns By Period
In the year-to-date period, NWESX achieves a 5.12% return, which is significantly higher than FRIMX's 3.59% return. Over the past 10 years, NWESX has outperformed FRIMX with an annualized return of 5.52%, while FRIMX has yielded a comparatively lower 4.19% annualized return.
NWESX
- 1D
- 0.64%
- 1M
- 1.15%
- YTD
- 5.12%
- 6M
- 5.25%
- 1Y
- 13.76%
- 3Y*
- 9.61%
- 5Y*
- 4.39%
- 10Y*
- 5.52%
FRIMX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.59%
- 6M
- 3.72%
- 1Y
- 9.38%
- 3Y*
- 7.18%
- 5Y*
- 2.79%
- 10Y*
- 4.19%
NWESX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWESX Nationwide Destination Retirement Fund | 5.12% | 12.66% | 6.15% | 11.26% | -14.14% | 6.52% | 10.59% | 12.62% | -4.88% | 10.06% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.59% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
Correlation
The correlation between NWESX and FRIMX is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007 | 0.93 |
The correlation between NWESX and FRIMX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
NWESX vs. FRIMX — Risk / Return Rank
NWESX
FRIMX
NWESX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination Retirement Fund (NWESX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX). 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.
| NWESX | FRIMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.74 | -0.07 |
| Martin ratioReturn relative to average drawdown | 11.93 | 11.47 | +0.46 |
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Drawdowns
NWESX vs. FRIMX - Drawdown Comparison
The maximum NWESX drawdown since its inception was -39.22%, which is greater than FRIMX's maximum drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for NWESX and FRIMX.
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Drawdown Indicators
| NWESX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.22% | -33.73% | -5.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -3.44% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -6.44% | -4.97% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -25.05% | -16.12% | -8.93% |
Max Drawdown (10Y)Largest decline over 10 years | -25.05% | -16.12% | -8.93% |
Current DrawdownCurrent decline from peak | -0.13% | -0.44% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -3.70% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.82% | +0.32% |
Volatility
NWESX vs. FRIMX - Volatility Comparison
Nationwide Destination Retirement Fund (NWESX) has a higher volatility of 2.59% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 1.77%. This indicates that NWESX's price experiences larger fluctuations and is considered to be riskier than FRIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWESX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.77% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 5.44% | 3.68% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 4.35% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 5.32% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.16% | 4.54% | +3.62% |
NWESX vs. FRIMX - Expense Ratio Comparison
NWESX has a 0.38% expense ratio, which is lower than FRIMX's 0.45% expense ratio.
Dividends
NWESX vs. FRIMX - Dividend Comparison
NWESX's dividend yield for the trailing twelve months is around 3.35%, more than FRIMX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.24% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
NWESX Nationwide Destination Retirement Fund | 3.35% | 3.78% | 10.53% | 5.51% | 4.69% | 10.16% | 4.26% | 4.93% | 7.59% | 5.04% | 6.11% | 8.26% |
Frequently Asked Questions
With a correlation of 0.91, NWESX and FRIMX 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.
NWESX has higher volatility (2.59%) compared to FRIMX (1.77%). In terms of maximum drawdown, NWESX dropped -39.22% vs FRIMX's -33.73%.
FRIMX currently has the higher Sharpe Ratio (2.16 vs 2.13), 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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