NWHFX vs. GMRAX
Compare and contrast key facts about Nationwide Bailard Cognitive Value Fund (NWHFX) and Nationwide Small Cap Index Fund (GMRAX).
NWHFX is managed by Nationwide. It was launched on May 30, 2001. GMRAX is managed by Nationwide. It was launched on Dec 29, 1999.
Performance
NWHFX vs. GMRAX - Performance Comparison
Loading graphics...
NWHFX vs. GMRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWHFX Nationwide Bailard Cognitive Value Fund | 5.84% | 9.95% | 10.23% | 15.78% | -12.91% | 36.15% | 8.82% | 21.18% | -16.17% | 4.04% |
GMRAX Nationwide Small Cap Index Fund | 0.74% | 12.26% | 9.12% | 17.56% | -20.82% | 14.27% | 19.59% | 24.87% | -10.71% | 14.21% |
Returns By Period
In the year-to-date period, NWHFX achieves a 5.84% return, which is significantly higher than GMRAX's 0.74% return. Both investments have delivered pretty close results over the past 10 years, with NWHFX having a 9.78% annualized return and GMRAX not far behind at 9.36%.
NWHFX
- 1D
- 2.17%
- 1M
- -4.45%
- YTD
- 5.84%
- 6M
- 9.24%
- 1Y
- 24.85%
- 3Y*
- 15.07%
- 5Y*
- 7.36%
- 10Y*
- 9.78%
GMRAX
- 1D
- 3.44%
- 1M
- -5.92%
- YTD
- 0.74%
- 6M
- 2.63%
- 1Y
- 25.17%
- 3Y*
- 12.23%
- 5Y*
- 2.84%
- 10Y*
- 9.36%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NWHFX vs. GMRAX - Expense Ratio Comparison
NWHFX has a 1.00% expense ratio, which is higher than GMRAX's 0.68% expense ratio.
Return for Risk
NWHFX vs. GMRAX — Risk / Return Rank
NWHFX
GMRAX
NWHFX vs. GMRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Bailard Cognitive Value Fund (NWHFX) and Nationwide Small Cap Index Fund (GMRAX). 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.
| NWHFX | GMRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.08 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.63 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.76 | +0.17 |
Martin ratioReturn relative to average drawdown | 7.64 | 6.58 | +1.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NWHFX | GMRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.08 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.13 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.40 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.29 | +0.12 |
Correlation
The correlation between NWHFX and GMRAX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NWHFX vs. GMRAX - Dividend Comparison
NWHFX's dividend yield for the trailing twelve months is around 10.94%, more than GMRAX's 2.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWHFX Nationwide Bailard Cognitive Value Fund | 10.94% | 11.48% | 13.85% | 1.38% | 3.31% | 4.98% | 0.83% | 0.65% | 15.39% | 11.63% | 0.62% | 1.21% |
GMRAX Nationwide Small Cap Index Fund | 2.47% | 2.45% | 4.99% | 0.52% | 1.51% | 6.81% | 0.56% | 7.38% | 46.93% | 17.82% | 7.14% | 12.55% |
Drawdowns
NWHFX vs. GMRAX - Drawdown Comparison
The maximum NWHFX drawdown since its inception was -47.51%, smaller than the maximum GMRAX drawdown of -59.36%. Use the drawdown chart below to compare losses from any high point for NWHFX and GMRAX.
Loading graphics...
Drawdown Indicators
| NWHFX | GMRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.51% | -59.36% | +11.85% |
Max Drawdown (1Y)Largest decline over 1 year | -13.22% | -13.93% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.68% | -32.00% | +7.32% |
Max Drawdown (10Y)Largest decline over 10 years | -47.51% | -41.78% | -5.73% |
Current DrawdownCurrent decline from peak | -5.30% | -8.00% | +2.70% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -12.67% | +5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 3.74% | -0.40% |
Volatility
NWHFX vs. GMRAX - Volatility Comparison
The current volatility for Nationwide Bailard Cognitive Value Fund (NWHFX) is 6.08%, while Nationwide Small Cap Index Fund (GMRAX) has a volatility of 7.52%. This indicates that NWHFX experiences smaller price fluctuations and is considered to be less risky than GMRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NWHFX | GMRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 7.52% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.18% | 14.55% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.41% | 23.32% | -2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.71% | 22.66% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.76% | 23.50% | -0.74% |