NWLSX vs. NDMAX
NWLSX (Nationwide Destination 2035 Fund) and NDMAX (Nationwide Investor Destinations Moderately Aggressive Fund) are both mutual funds - NWLSX is a Target Retirement Date fund managed by Nationwide, while NDMAX is a Diversified Portfolio fund managed by Nationwide. Over the past 10 years, NWLSX returned 8.44%/yr vs 9.11%/yr for NDMAX. With a 0.99 correlation, they move nearly in lockstep. NWLSX charges 0.38%/yr vs 0.52%/yr for NDMAX.
Performance
NWLSX vs. NDMAX - Performance Comparison
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Returns By Period
In the year-to-date period, NWLSX achieves a 8.28% return, which is significantly lower than NDMAX's 10.65% return. Over the past 10 years, NWLSX has underperformed NDMAX with an annualized return of 8.44%, while NDMAX has yielded a comparatively higher 9.11% annualized return.
NWLSX
- 1D
- 0.00%
- 1M
- 3.77%
- YTD
- 8.28%
- 6M
- 9.06%
- 1Y
- 20.30%
- 3Y*
- 14.75%
- 5Y*
- 6.91%
- 10Y*
- 8.44%
NDMAX
- 1D
- 0.19%
- 1M
- 4.31%
- YTD
- 10.65%
- 6M
- 11.68%
- 1Y
- 24.02%
- 3Y*
- 16.43%
- 5Y*
- 7.97%
- 10Y*
- 9.11%
NWLSX vs. NDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWLSX Nationwide Destination 2035 Fund | 8.28% | 16.16% | 10.17% | 17.00% | -17.70% | 13.33% | 12.81% | 18.63% | -8.01% | 15.06% |
NDMAX Nationwide Investor Destinations Moderately Aggressive Fund | 10.65% | 15.92% | 12.14% | 18.16% | -17.78% | 14.69% | 12.86% | 19.67% | -8.68% | 15.70% |
Correlation
The correlation between NWLSX and NDMAX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2007 | 0.99 |
The correlation between NWLSX and NDMAX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
NWLSX vs. NDMAX — Risk / Return Rank
NWLSX
NDMAX
NWLSX vs. NDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2035 Fund (NWLSX) and Nationwide Investor Destinations Moderately Aggressive Fund (NDMAX). 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.
| NWLSX | NDMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.17 | -0.16 |
| Martin ratioReturn relative to average drawdown | 13.40 | 13.58 | -0.18 |
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
| NWLSX | NDMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 2.39 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.59 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.63 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.39 | -0.01 |
Drawdowns
NWLSX vs. NDMAX - Drawdown Comparison
The maximum NWLSX drawdown since its inception was -52.58%, which is greater than NDMAX's maximum drawdown of -47.85%. Use the drawdown chart below to compare losses from any high point for NWLSX and NDMAX.
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Drawdown Indicators
| NWLSX | NDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.58% | -47.85% | -4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -7.75% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -10.73% | -13.33% | +2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | -27.51% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -30.59% | -33.00% | +2.41% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -8.18% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.80% | -0.26% |
Volatility
NWLSX vs. NDMAX - Volatility Comparison
The current volatility for Nationwide Destination 2035 Fund (NWLSX) is 2.78%, while Nationwide Investor Destinations Moderately Aggressive Fund (NDMAX) has a volatility of 3.23%. This indicates that NWLSX experiences smaller price fluctuations and is considered to be less risky than NDMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWLSX | NDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 3.23% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 8.31% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 10.25% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.95% | 13.65% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.71% | 14.48% | -0.77% |
NWLSX vs. NDMAX - Expense Ratio Comparison
NWLSX has a 0.38% expense ratio, which is lower than NDMAX's 0.52% expense ratio.
Dividends
NWLSX vs. NDMAX - Dividend Comparison
NWLSX's dividend yield for the trailing twelve months is around 7.82%, less than NDMAX's 8.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDMAX Nationwide Investor Destinations Moderately Aggressive Fund | 8.43% | 9.28% | 16.19% | 6.30% | 3.88% | 5.83% | 5.68% | 8.26% | 14.63% | 10.61% | 8.26% | 7.82% |
NWLSX Nationwide Destination 2035 Fund | 7.82% | 8.36% | 14.07% | 7.04% | 2.15% | 9.62% | 5.85% | 6.95% | 11.27% | 7.78% | 6.64% | 5.43% |
Frequently Asked Questions
With a correlation of 0.99, NWLSX and NDMAX 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.
NDMAX has higher volatility (3.23%) compared to NWLSX (2.78%). In terms of maximum drawdown, NWLSX dropped -52.58% vs NDMAX's -47.85%.
NDMAX currently has the higher Sharpe Ratio (2.39 vs 2.35), 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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