NWMSX vs. FNSHX
Compare and contrast key facts about Nationwide Destination 2040 Fund (NWMSX) and Fidelity Freedom Income Fund Class K (FNSHX).
NWMSX is managed by Nationwide. It was launched on Aug 28, 2007. FNSHX is managed by Fidelity. It was launched on Jul 20, 2017.
Performance
NWMSX vs. FNSHX - Performance Comparison
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NWMSX vs. FNSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWMSX Nationwide Destination 2040 Fund | -0.87% | 17.51% | 11.63% | 18.59% | -18.29% | 15.03% | 13.50% | 19.70% | -8.44% | 0.31% |
FNSHX Fidelity Freedom Income Fund Class K | 0.63% | 10.35% | 4.40% | 8.26% | -11.31% | 3.16% | 9.01% | 10.74% | -1.86% | 0.09% |
Returns By Period
In the year-to-date period, NWMSX achieves a -0.87% return, which is significantly lower than FNSHX's 0.63% return.
NWMSX
- 1D
- 0.85%
- 1M
- -2.19%
- YTD
- -0.87%
- 6M
- 1.31%
- 1Y
- 16.09%
- 3Y*
- 13.32%
- 5Y*
- 6.58%
- 10Y*
- 7.97%
FNSHX
- 1D
- 0.18%
- 1M
- -1.28%
- YTD
- 0.63%
- 6M
- 1.71%
- 1Y
- 8.32%
- 3Y*
- 6.59%
- 5Y*
- 2.79%
- 10Y*
- —
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NWMSX vs. FNSHX - Expense Ratio Comparison
NWMSX has a 0.38% expense ratio, which is lower than FNSHX's 0.42% expense ratio.
Return for Risk
NWMSX vs. FNSHX — Risk / Return Rank
NWMSX
FNSHX
NWMSX vs. FNSHX - 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 Class K (FNSHX). 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 | FNSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.74 | -0.43 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.43 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.37 | -0.47 |
Martin ratioReturn relative to average drawdown | 8.26 | 9.65 | -1.39 |
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 | FNSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.74 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.53 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.76 | -0.43 |
Correlation
The correlation between NWMSX and FNSHX is 0.72, 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. FNSHX - Dividend Comparison
NWMSX's dividend yield for the trailing twelve months is around 8.81%, more than FNSHX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWMSX Nationwide Destination 2040 Fund | 8.81% | 8.66% | 14.65% | 6.81% | 2.49% | 9.45% | 6.28% | 7.29% | 11.84% | 1.98% | 8.03% | 5.32% |
FNSHX Fidelity Freedom Income Fund Class K | 3.25% | 3.21% | 3.19% | 2.98% | 5.94% | 6.17% | 4.43% | 3.74% | 5.22% | 0.00% | 0.00% | 0.00% |
Drawdowns
NWMSX vs. FNSHX - Drawdown Comparison
The maximum NWMSX drawdown since its inception was -55.33%, which is greater than FNSHX's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for NWMSX and FNSHX.
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Drawdown Indicators
| NWMSX | FNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.33% | -15.87% | -39.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -3.68% | -4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -30.39% | -15.87% | -14.52% |
Max Drawdown (10Y)Largest decline over 10 years | -32.80% | — | — |
Current DrawdownCurrent decline from peak | -4.74% | -2.39% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -3.09% | -6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 0.90% | +1.16% |
Volatility
NWMSX vs. FNSHX - Volatility Comparison
Nationwide Destination 2040 Fund (NWMSX) has a higher volatility of 4.87% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 2.36%. This indicates that NWMSX's price experiences larger fluctuations and is considered to be riskier than FNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWMSX | FNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 2.36% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 3.30% | +4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.71% | 4.89% | +7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 5.26% | +8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 4.81% | +10.34% |