NWMSX vs. FFFAX
Compare and contrast key facts about Nationwide Destination 2040 Fund (NWMSX) and Fidelity Freedom Income Fund (FFFAX).
NWMSX is managed by Nationwide. It was launched on Aug 28, 2007. FFFAX is managed by Fidelity. It was launched on Oct 17, 1996.
Performance
NWMSX vs. FFFAX - Performance Comparison
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NWMSX vs. FFFAX - 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% |
FFFAX Fidelity Freedom Income Fund | 0.63% | 10.42% | 4.34% | 8.18% | -11.33% | 3.12% | 8.93% | 10.74% | -1.99% | 8.21% |
Returns By Period
In the year-to-date period, NWMSX achieves a -1.70% return, which is significantly lower than FFFAX's 0.63% return. Over the past 10 years, NWMSX has outperformed FFFAX with an annualized return of 7.88%, while FFFAX has yielded a comparatively lower 4.25% 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%
FFFAX
- 1D
- 0.18%
- 1M
- -1.28%
- YTD
- 0.63%
- 6M
- 1.71%
- 1Y
- 8.28%
- 3Y*
- 6.57%
- 5Y*
- 2.75%
- 10Y*
- 4.25%
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NWMSX vs. FFFAX - Expense Ratio Comparison
NWMSX has a 0.38% expense ratio, which is lower than FFFAX's 0.47% expense ratio.
Return for Risk
NWMSX vs. FFFAX — Risk / Return Rank
NWMSX
FFFAX
NWMSX vs. FFFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2040 Fund (NWMSX) and Fidelity Freedom Income Fund (FFFAX). 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 | FFFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.73 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.83 | 2.42 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.34 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.36 | -0.56 |
Martin ratioReturn relative to average drawdown | 7.93 | 9.60 | -1.67 |
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 | FFFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.73 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.52 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.93 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 1.03 | -0.70 |
Correlation
The correlation between NWMSX and FFFAX is 0.80, 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. FFFAX - Dividend Comparison
NWMSX's dividend yield for the trailing twelve months is around 8.88%, more than FFFAX's 3.23% 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% |
FFFAX Fidelity Freedom Income Fund | 3.23% | 3.29% | 3.13% | 2.92% | 5.89% | 6.12% | 4.37% | 3.65% | 5.17% | 3.74% | 3.21% | 3.28% |
Drawdowns
NWMSX vs. FFFAX - Drawdown Comparison
The maximum NWMSX drawdown since its inception was -55.33%, which is greater than FFFAX's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for NWMSX and FFFAX.
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Drawdown Indicators
| NWMSX | FFFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.33% | -17.96% | -37.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -3.68% | -5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -30.39% | -15.87% | -14.52% |
Max Drawdown (10Y)Largest decline over 10 years | -32.80% | -15.87% | -16.93% |
Current DrawdownCurrent decline from peak | -5.54% | -2.38% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -1.80% | -7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 0.90% | +1.14% |
Volatility
NWMSX vs. FFFAX - Volatility Comparison
Nationwide Destination 2040 Fund (NWMSX) has a higher volatility of 4.99% compared to Fidelity Freedom Income Fund (FFFAX) at 2.35%. This indicates that NWMSX's price experiences larger fluctuations and is considered to be riskier than FFFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWMSX | FFFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 2.35% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 3.30% | +4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 4.88% | +7.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 5.29% | +8.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 4.58% | +10.57% |