NWMSX vs. FRAMX
Compare and contrast key facts about Nationwide Destination 2040 Fund (NWMSX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
NWMSX is managed by Nationwide. It was launched on Aug 28, 2007. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
NWMSX vs. FRAMX - Performance Comparison
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NWMSX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWMSX Nationwide Destination 2040 Fund | -4.00% | 17.51% | 11.63% | 18.59% | -18.29% | 15.03% | 13.50% | 19.70% | -8.44% | 10.47% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, NWMSX achieves a -4.00% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, NWMSX has outperformed FRAMX with an annualized return of 7.62%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
NWMSX
- 1D
- -0.11%
- 1M
- -6.82%
- YTD
- -4.00%
- 6M
- -1.70%
- 1Y
- 12.81%
- 3Y*
- 12.12%
- 5Y*
- 6.12%
- 10Y*
- 7.62%
FRAMX
- 1D
- 0.26%
- 1M
- -2.81%
- YTD
- -0.57%
- 6M
- 0.42%
- 1Y
- 6.49%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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NWMSX vs. FRAMX - Expense Ratio Comparison
NWMSX has a 0.38% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
NWMSX vs. FRAMX — Risk / Return Rank
NWMSX
FRAMX
NWMSX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2040 Fund (NWMSX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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 | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.50 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.57 | 2.09 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.00 | -0.63 |
Martin ratioReturn relative to average drawdown | 6.13 | 8.06 | -1.93 |
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 | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.50 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.41 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.82 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.49 | -0.17 |
Correlation
The correlation between NWMSX and FRAMX is 0.87, 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. FRAMX - Dividend Comparison
NWMSX's dividend yield for the trailing twelve months is around 9.10%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWMSX Nationwide Destination 2040 Fund | 9.10% | 8.66% | 14.65% | 6.81% | 2.49% | 9.45% | 6.28% | 7.29% | 11.84% | 1.98% | 8.03% | 5.32% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
NWMSX vs. FRAMX - Drawdown Comparison
The maximum NWMSX drawdown since its inception was -55.33%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for NWMSX and FRAMX.
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Drawdown Indicators
| NWMSX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.33% | -33.94% | -21.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -3.45% | -5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -30.39% | -16.31% | -14.08% |
Max Drawdown (10Y)Largest decline over 10 years | -32.80% | -16.31% | -16.49% |
Current DrawdownCurrent decline from peak | -7.75% | -3.20% | -4.55% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -3.87% | -5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 0.86% | +1.15% |
Volatility
NWMSX vs. FRAMX - Volatility Comparison
Nationwide Destination 2040 Fund (NWMSX) has a higher volatility of 4.19% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that NWMSX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWMSX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 1.96% | +2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 7.33% | 2.86% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 4.59% | +7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 5.21% | +8.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 4.47% | +10.66% |