NWMSX vs. FRKMX
Compare and contrast key facts about Nationwide Destination 2040 Fund (NWMSX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
NWMSX is managed by Nationwide. It was launched on Aug 28, 2007. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
NWMSX vs. FRKMX - Performance Comparison
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NWMSX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NWMSX Nationwide Destination 2040 Fund | -1.70% | 17.51% | 11.63% | 18.59% | -18.29% | 15.03% | 13.50% | 4.41% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 0.27% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, NWMSX achieves a -1.70% return, which is significantly lower than FRKMX's 0.27% 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%
FRKMX
- 1D
- 0.75%
- 1M
- -2.05%
- YTD
- 0.27%
- 6M
- 1.36%
- 1Y
- 7.67%
- 3Y*
- 6.29%
- 5Y*
- 2.54%
- 10Y*
- —
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NWMSX vs. FRKMX - Expense Ratio Comparison
NWMSX has a 0.38% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
NWMSX vs. FRKMX — Risk / Return Rank
NWMSX
FRKMX
NWMSX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2040 Fund (NWMSX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). 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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.72 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.83 | 2.41 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.35 | -0.55 |
Martin ratioReturn relative to average drawdown | 7.93 | 9.34 | -1.41 |
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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.72 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.49 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.71 | -0.38 |
Correlation
The correlation between NWMSX and FRKMX is 0.73, 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. FRKMX - Dividend Comparison
NWMSX's dividend yield for the trailing twelve months is around 8.88%, more than FRKMX's 3.25% 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% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.25% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NWMSX vs. FRKMX - Drawdown Comparison
The maximum NWMSX drawdown since its inception was -55.33%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for NWMSX and FRKMX.
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Drawdown Indicators
| NWMSX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.33% | -16.04% | -39.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -3.42% | -5.57% |
Max Drawdown (5Y)Largest decline over 5 years | -30.39% | -16.04% | -14.35% |
Max Drawdown (10Y)Largest decline over 10 years | -32.80% | — | — |
Current DrawdownCurrent decline from peak | -5.54% | -2.44% | -3.10% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -3.64% | -5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 0.86% | +1.18% |
Volatility
NWMSX vs. FRKMX - Volatility Comparison
Nationwide Destination 2040 Fund (NWMSX) has a higher volatility of 4.99% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that NWMSX's price experiences larger fluctuations and is considered to be riskier than FRKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWMSX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 2.14% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 2.95% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 4.63% | +8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 5.23% | +8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 5.14% | +10.01% |