NWMSX vs. ETV
Compare and contrast key facts about Nationwide Destination 2040 Fund (NWMSX) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV).
NWMSX is managed by Nationwide. It was launched on Aug 28, 2007.
Performance
NWMSX vs. ETV - Performance Comparison
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NWMSX vs. ETV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWMSX Nationwide Destination 2040 Fund | -1.70% | 17.51% | 11.63% | 18.59% | -18.29% | 15.03% | 13.50% | 19.70% | -8.44% | 10.47% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | -1.81% | 8.63% | 27.67% | 9.94% | -19.73% | 18.41% | 13.03% | 21.25% | -4.29% | 12.98% |
Returns By Period
In the year-to-date period, NWMSX achieves a -1.70% return, which is significantly higher than ETV's -1.81% return. Over the past 10 years, NWMSX has underperformed ETV with an annualized return of 7.88%, while ETV has yielded a comparatively higher 8.51% annualized return.
NWMSX
- 1D
- 2.39%
- 1M
- -4.59%
- YTD
- -1.70%
- 6M
- 0.65%
- 1Y
- 15.50%
- 3Y*
- 13.00%
- 5Y*
- 6.40%
- 10Y*
- 7.88%
ETV
- 1D
- 1.02%
- 1M
- -5.32%
- YTD
- -1.81%
- 6M
- 1.04%
- 1Y
- 13.72%
- 3Y*
- 12.50%
- 5Y*
- 6.66%
- 10Y*
- 8.51%
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Return for Risk
NWMSX vs. ETV — Risk / Return Rank
NWMSX
ETV
NWMSX vs. ETV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2040 Fund (NWMSX) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). 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.
| NWMSX | ETV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 0.71 | +0.56 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.12 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.04 | +0.76 |
Martin ratioReturn relative to average drawdown | 7.93 | 5.24 | +2.69 |
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
| NWMSX | ETV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 0.71 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.40 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.44 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.41 | -0.08 |
Correlation
The correlation between NWMSX and ETV is 0.70, 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
NWMSX vs. ETV - Dividend Comparison
NWMSX's dividend yield for the trailing twelve months is around 8.88%, more than ETV's 8.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWMSX Nationwide Destination 2040 Fund | 8.88% | 8.66% | 14.65% | 6.81% | 2.49% | 9.45% | 6.28% | 7.29% | 11.84% | 1.98% | 8.03% | 5.32% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.63% | 8.30% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% |
Drawdowns
NWMSX vs. ETV - Drawdown Comparison
The maximum NWMSX drawdown since its inception was -55.33%, which is greater than ETV's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for NWMSX and ETV.
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Drawdown Indicators
| NWMSX | ETV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.33% | -52.11% | -3.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -13.37% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -30.39% | -22.71% | -7.68% |
Max Drawdown (10Y)Largest decline over 10 years | -32.80% | -42.39% | +9.59% |
Current DrawdownCurrent decline from peak | -5.54% | -5.84% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -5.61% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.65% | -0.61% |
Volatility
NWMSX vs. ETV - Volatility Comparison
The current volatility for Nationwide Destination 2040 Fund (NWMSX) is 4.99%, while Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has a volatility of 6.71%. This indicates that NWMSX experiences smaller price fluctuations and is considered to be less risky than ETV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWMSX | ETV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 6.71% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 10.12% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 19.36% | -6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 16.85% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 19.32% | -4.17% |