NWHQX vs. GMRAX
Compare and contrast key facts about Nationwide Bailard Technology and Science Fund (NWHQX) and Nationwide Small Cap Index Fund (GMRAX).
NWHQX is managed by Nationwide. It was launched on May 29, 2001. GMRAX is managed by Nationwide. It was launched on Dec 29, 1999.
Performance
NWHQX vs. GMRAX - Performance Comparison
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NWHQX vs. GMRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWHQX Nationwide Bailard Technology and Science Fund | -11.42% | 18.58% | 26.23% | 63.66% | -37.23% | 19.21% | 50.97% | 38.91% | -3.16% | 38.22% |
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, NWHQX achieves a -11.42% return, which is significantly lower than GMRAX's 0.74% return. Over the past 10 years, NWHQX has outperformed GMRAX with an annualized return of 17.70%, while GMRAX has yielded a comparatively lower 9.36% annualized return.
NWHQX
- 1D
- 4.64%
- 1M
- -6.19%
- YTD
- -11.42%
- 6M
- -14.02%
- 1Y
- 14.27%
- 3Y*
- 21.35%
- 5Y*
- 8.98%
- 10Y*
- 17.70%
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%
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NWHQX vs. GMRAX - Expense Ratio Comparison
NWHQX has a 0.92% expense ratio, which is higher than GMRAX's 0.68% expense ratio.
Return for Risk
NWHQX vs. GMRAX — Risk / Return Rank
NWHQX
GMRAX
NWHQX vs. GMRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Bailard Technology and Science Fund (NWHQX) 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.
| NWHQX | GMRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 1.08 | -0.52 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.63 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.70 | 1.76 | -1.06 |
Martin ratioReturn relative to average drawdown | 2.19 | 6.58 | -4.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NWHQX | GMRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.08 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.13 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.40 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.29 | +0.42 |
Correlation
The correlation between NWHQX and GMRAX is 0.74, 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
NWHQX vs. GMRAX - Dividend Comparison
NWHQX's dividend yield for the trailing twelve months is around 13.22%, more than GMRAX's 2.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWHQX Nationwide Bailard Technology and Science Fund | 13.22% | 11.71% | 12.90% | 6.49% | 11.34% | 17.51% | 11.54% | 7.38% | 17.44% | 10.29% | 7.72% | 8.63% |
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
NWHQX vs. GMRAX - Drawdown Comparison
The maximum NWHQX drawdown since its inception was -42.61%, smaller than the maximum GMRAX drawdown of -59.36%. Use the drawdown chart below to compare losses from any high point for NWHQX and GMRAX.
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Drawdown Indicators
| NWHQX | GMRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.61% | -59.36% | +16.75% |
Max Drawdown (1Y)Largest decline over 1 year | -21.34% | -13.93% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -42.61% | -32.00% | -10.61% |
Max Drawdown (10Y)Largest decline over 10 years | -42.61% | -41.78% | -0.83% |
Current DrawdownCurrent decline from peak | -17.69% | -8.00% | -9.69% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -12.67% | +5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.83% | 3.74% | +3.09% |
Volatility
NWHQX vs. GMRAX - Volatility Comparison
Nationwide Bailard Technology and Science Fund (NWHQX) has a higher volatility of 8.57% compared to Nationwide Small Cap Index Fund (GMRAX) at 7.52%. This indicates that NWHQX's price experiences larger fluctuations and is considered to be riskier than GMRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWHQX | GMRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 7.52% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 17.26% | 14.55% | +2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.55% | 23.32% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.31% | 22.66% | +3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.10% | 23.50% | +1.60% |