NWMSX vs. FRQKX
Compare and contrast key facts about Nationwide Destination 2040 Fund (NWMSX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX).
NWMSX is managed by Nationwide. It was launched on Aug 28, 2007. FRQKX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
NWMSX vs. FRQKX - Performance Comparison
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NWMSX vs. FRQKX - 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% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | 0.27% | 9.91% | 4.42% | 8.62% | -12.30% | 3.95% | 9.68% | 3.94% |
Returns By Period
In the year-to-date period, NWMSX achieves a -1.70% return, which is significantly lower than FRQKX'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%
FRQKX
- 1D
- 0.75%
- 1M
- -2.06%
- YTD
- 0.27%
- 6M
- 1.34%
- 1Y
- 7.69%
- 3Y*
- 6.38%
- 5Y*
- 2.56%
- 10Y*
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NWMSX vs. FRQKX - Expense Ratio Comparison
NWMSX has a 0.38% expense ratio, which is higher than FRQKX's 0.36% expense ratio.
Return for Risk
NWMSX vs. FRQKX — Risk / Return Rank
NWMSX
FRQKX
NWMSX vs. FRQKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2040 Fund (NWMSX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). 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 | FRQKX | 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 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.37 | -0.57 |
Martin ratioReturn relative to average drawdown | 7.93 | 9.37 | -1.44 |
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 | FRQKX | 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 | 0.47 | -0.01 |
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 | 0.70 | -0.37 |
Correlation
The correlation between NWMSX and FRQKX is 0.79, 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. FRQKX - Dividend Comparison
NWMSX's dividend yield for the trailing twelve months is around 8.88%, more than FRQKX's 3.24% 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% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | 3.24% | 3.09% | 2.91% | 2.86% | 5.12% | 6.11% | 3.61% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NWMSX vs. FRQKX - Drawdown Comparison
The maximum NWMSX drawdown since its inception was -55.33%, which is greater than FRQKX's maximum drawdown of -16.97%. Use the drawdown chart below to compare losses from any high point for NWMSX and FRQKX.
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Drawdown Indicators
| NWMSX | FRQKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.33% | -16.97% | -38.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -3.42% | -5.57% |
Max Drawdown (5Y)Largest decline over 5 years | -30.39% | -16.97% | -13.42% |
Max Drawdown (10Y)Largest decline over 10 years | -32.80% | — | — |
Current DrawdownCurrent decline from peak | -5.54% | -2.45% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -3.95% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 0.86% | +1.18% |
Volatility
NWMSX vs. FRQKX - Volatility Comparison
Nationwide Destination 2040 Fund (NWMSX) has a higher volatility of 4.99% compared to Fidelity Managed Retirement 2010 Fund Class K (FRQKX) at 2.14%. This indicates that NWMSX's price experiences larger fluctuations and is considered to be riskier than FRQKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWMSX | FRQKX | 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% | 2.96% | +4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 4.67% | +8.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 5.53% | +8.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 5.77% | +9.38% |