NWKDX vs. GBIAX
NWKDX (Nationwide Geneva Small Cap Growth Fund) and GBIAX (Nationwide Bond Index Fund) are both mutual funds - NWKDX is a Small Cap Growth Equities fund managed by Nationwide, while GBIAX is a Intermediate Core Bond fund managed by Nationwide. Over the past 10 years, NWKDX returned 9.63%/yr vs 0.81%/yr for GBIAX. At a correlation of -0.05, they often move in opposite directions. NWKDX charges 0.94%/yr vs 0.64%/yr for GBIAX.
Performance
NWKDX vs. GBIAX - Performance Comparison
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Returns By Period
In the year-to-date period, NWKDX achieves a 3.59% return, which is significantly higher than GBIAX's 0.03% return. Over the past 10 years, NWKDX has outperformed GBIAX with an annualized return of 9.63%, while GBIAX has yielded a comparatively lower 0.81% annualized return.
NWKDX
- 1D
- -0.83%
- 1M
- 2.67%
- YTD
- 3.59%
- 6M
- 1.41%
- 1Y
- 0.10%
- 3Y*
- 5.35%
- 5Y*
- 0.24%
- 10Y*
- 9.63%
GBIAX
- 1D
- 0.21%
- 1M
- 0.71%
- YTD
- 0.03%
- 6M
- 0.10%
- 1Y
- 3.42%
- 3Y*
- 3.30%
- 5Y*
- -0.69%
- 10Y*
- 0.81%
NWKDX vs. GBIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWKDX Nationwide Geneva Small Cap Growth Fund | 3.59% | -8.35% | 13.47% | 19.56% | -24.48% | 12.47% | 32.69% | 28.33% | -0.89% | 22.21% |
GBIAX Nationwide Bond Index Fund | 0.03% | 6.54% | 0.44% | 5.03% | -14.06% | -2.38% | 6.60% | 8.08% | -0.74% | 2.89% |
Correlation
The correlation between NWKDX and GBIAX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013 | -0.05 |
The correlation between NWKDX and GBIAX shifts across timeframes, from -0.05 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NWKDX vs. GBIAX — Risk / Return Rank
NWKDX
GBIAX
NWKDX vs. GBIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Geneva Small Cap Growth Fund (NWKDX) and Nationwide Bond Index Fund (GBIAX). 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.
| NWKDX | GBIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.17 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 1.25 | -1.16 |
| Martin ratioReturn relative to average drawdown | 0.26 | 3.44 | -3.18 |
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Drawdowns
NWKDX vs. GBIAX - Drawdown Comparison
The maximum NWKDX drawdown since its inception was -34.81%, which is greater than GBIAX's maximum drawdown of -20.26%. Use the drawdown chart below to compare losses from any high point for NWKDX and GBIAX.
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Drawdown Indicators
| NWKDX | GBIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.81% | -20.26% | -14.55% |
Max Drawdown (1Y)Largest decline over 1 year | -13.64% | -3.00% | -10.64% |
Max Drawdown (3Y)Largest decline over 3 years | -24.68% | -6.30% | -18.38% |
Max Drawdown (5Y)Largest decline over 5 years | -32.66% | -19.07% | -13.59% |
Max Drawdown (10Y)Largest decline over 10 years | -34.81% | -20.26% | -14.55% |
Current DrawdownCurrent decline from peak | -13.18% | -6.37% | -6.81% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -3.05% | -5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 1.09% | +4.03% |
Volatility
NWKDX vs. GBIAX - Volatility Comparison
Nationwide Geneva Small Cap Growth Fund (NWKDX) has a higher volatility of 4.63% compared to Nationwide Bond Index Fund (GBIAX) at 1.26%. This indicates that NWKDX's price experiences larger fluctuations and is considered to be riskier than GBIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWKDX | GBIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 1.26% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 2.89% | +9.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.34% | 3.90% | +13.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 6.01% | +14.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.17% | 4.96% | +16.21% |
NWKDX vs. GBIAX - Expense Ratio Comparison
NWKDX has a 0.94% expense ratio, which is higher than GBIAX's 0.64% expense ratio.
Dividends
NWKDX vs. GBIAX - Dividend Comparison
NWKDX's dividend yield for the trailing twelve months is around 2.53%, less than GBIAX's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBIAX Nationwide Bond Index Fund | 3.29% | 3.18% | 3.07% | 2.57% | 1.59% | 3.02% | 1.79% | 2.27% | 2.29% | 1.93% | 2.15% | 2.43% |
NWKDX Nationwide Geneva Small Cap Growth Fund | 2.53% | 2.62% | 3.31% | 0.71% | 1.80% | 8.46% | 0.45% | 2.12% | 6.11% | 4.65% | 0.16% | 5.02% |
Frequently Asked Questions
NWKDX and GBIAX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWKDX has higher volatility (4.63%) compared to GBIAX (1.26%). In terms of maximum drawdown, NWKDX dropped -34.81% vs GBIAX's -20.26%.
GBIAX currently has the higher Sharpe Ratio (0.97 vs 0.08), 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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