NWMSX vs. ETV
NWMSX (Nationwide Destination 2040 Fund) is Target Retirement Date fund managed by Nationwide, while ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund) is a stock. Over the past 10 years, NWMSX returned 8.42%/yr vs 9.27%/yr for ETV. Their 0.70 correlation means they have sometimes moved together and sometimes differently. NWMSX charges 0.38%/yr vs 1.08%/yr for ETV.
Performance
NWMSX vs. ETV - Performance Comparison
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Returns By Period
In the year-to-date period, NWMSX achieves a 8.94% return, which is significantly higher than ETV's 7.08% return. Over the past 10 years, NWMSX has underperformed ETV with an annualized return of 8.42%, while ETV has yielded a comparatively higher 9.27% annualized return.
NWMSX
- 1D
- 1.76%
- 1M
- 0.10%
- 6M
- 6.49%
- YTD
- 8.94%
- 1Y
- 18.66%
- 3Y*
- 14.07%
- 5Y*
- 7.45%
- 10Y*
- 8.42%
- ALL TIME*
- 6.36%
ETV
- 1D
- 0.76%
- 1M
- -1.75%
- 6M
- 4.24%
- YTD
- 7.08%
- 1Y
- 16.92%
- 3Y*
- 12.83%
- 5Y*
- 6.62%
- 10Y*
- 9.27%
- ALL TIME*
- 8.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.10M | $2.19M | $2.41M | |
| $0.00 | $0.00 | $0.00 |
NWMSX vs. ETV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWMSX Nationwide Destination 2040 Fund | 8.94% | 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 | 7.08% | 8.63% | 27.67% | 9.94% | -19.73% | 18.41% | 13.03% | 21.25% | -4.29% | 12.98% |
Correlation
The correlation between NWMSX and ETV is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007 | 0.70 |
The correlation between NWMSX and ETV has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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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.
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.
| NWMSX | ETV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.50 | +0.69 |
| Martin ratioReturn relative to average drawdown | 9.45 | 7.19 | +2.26 |
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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 | -7.82% | -10.34% | +2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -12.62% | -20.27% | +7.65% |
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 | -0.88% | -3.23% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -5.55% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.16% | -0.35% |
Volatility
NWMSX vs. ETV - Volatility Comparison
The current volatility for Nationwide Destination 2040 Fund (NWMSX) is 3.29%, while Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has a volatility of 4.67%. 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 | 3.29% | 4.67% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 10.88% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.02% | 13.22% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 17.00% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.11% | 19.32% | -4.21% |
NWMSX vs. ETV - Expense Ratio Comparison
NWMSX has a 0.38% expense ratio, which is lower than ETV's 1.08% expense ratio.
Dividends
NWMSX vs. ETV - Dividend Comparison
NWMSX's dividend yield for the trailing twelve months is around 7.96%, less than ETV's 8.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.13% | 8.30% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% |
NWMSX Nationwide Destination 2040 Fund | 7.96% | 8.66% | 14.65% | 6.81% | 2.49% | 9.45% | 6.28% | 7.29% | 11.84% | 1.98% | 8.03% | 5.32% |
Frequently Asked Questions
NWMSX and ETV have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETV has higher volatility (4.67%) compared to NWMSX (3.29%). In terms of maximum drawdown, NWMSX dropped -55.33% vs ETV's -52.11%.
NWMSX currently has the higher Sharpe Ratio (1.56 vs 1.18), 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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