NWMSX vs. GMRAX
Compare and contrast key facts about Nationwide Destination 2040 Fund (NWMSX) and Nationwide Small Cap Index Fund (GMRAX).
NWMSX is managed by Nationwide. It was launched on Aug 28, 2007. GMRAX is managed by Nationwide. It was launched on Dec 29, 1999.
Performance
NWMSX vs. GMRAX - Performance Comparison
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NWMSX vs. GMRAX - 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% |
GMRAX Nationwide Small Cap Index Fund | 0.74% | 12.26% | 9.12% | 17.56% | -20.82% | 14.27% | 19.59% | 24.87% | -10.71% | 14.21% |
Returns By Period
In the year-to-date period, NWMSX achieves a -1.70% return, which is significantly lower than GMRAX's 0.74% return. Over the past 10 years, NWMSX has underperformed GMRAX with an annualized return of 7.88%, while GMRAX has yielded a comparatively higher 9.36% 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%
GMRAX
- 1D
- 3.44%
- 1M
- -5.92%
- YTD
- 0.74%
- 6M
- 2.63%
- 1Y
- 25.17%
- 3Y*
- 12.23%
- 5Y*
- 2.84%
- 10Y*
- 9.36%
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NWMSX vs. GMRAX - Expense Ratio Comparison
NWMSX has a 0.38% expense ratio, which is lower than GMRAX's 0.68% expense ratio.
Return for Risk
NWMSX vs. GMRAX — Risk / Return Rank
NWMSX
GMRAX
NWMSX vs. GMRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2040 Fund (NWMSX) and Nationwide Small Cap Index Fund (GMRAX). 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 | GMRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.08 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.63 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.76 | +0.03 |
Martin ratioReturn relative to average drawdown | 7.93 | 6.58 | +1.35 |
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 | GMRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.08 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.13 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.40 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.29 | +0.03 |
Correlation
The correlation between NWMSX and GMRAX is 0.90, 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. GMRAX - Dividend Comparison
NWMSX's dividend yield for the trailing twelve months is around 8.88%, more than GMRAX's 2.47% 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% |
GMRAX Nationwide Small Cap Index Fund | 2.47% | 2.45% | 4.99% | 0.52% | 1.51% | 6.81% | 0.56% | 7.38% | 46.93% | 17.82% | 7.14% | 12.55% |
Drawdowns
NWMSX vs. GMRAX - Drawdown Comparison
The maximum NWMSX drawdown since its inception was -55.33%, smaller than the maximum GMRAX drawdown of -59.36%. Use the drawdown chart below to compare losses from any high point for NWMSX and GMRAX.
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Drawdown Indicators
| NWMSX | GMRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.33% | -59.36% | +4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -13.93% | +4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -30.39% | -32.00% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -32.80% | -41.78% | +8.98% |
Current DrawdownCurrent decline from peak | -5.54% | -8.00% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -12.67% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 3.74% | -1.70% |
Volatility
NWMSX vs. GMRAX - Volatility Comparison
The current volatility for Nationwide Destination 2040 Fund (NWMSX) is 4.99%, while Nationwide Small Cap Index Fund (GMRAX) has a volatility of 7.52%. This indicates that NWMSX experiences smaller price fluctuations and is considered to be less risky than GMRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWMSX | GMRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 7.52% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 14.55% | -6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 23.32% | -10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 22.66% | -8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 23.50% | -8.35% |