NWOSX vs. DRILX

Last updated Aug 1, 2026

NWOSX (Nationwide Destination 2050 Fund) and DRILX (Dimensional 2060 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 10 years, NWOSX returned 9.78%/yr vs 12.21%/yr for DRILX. Their 0.96 correlation means they have historically moved very closely together. NWOSX charges 0.38%/yr vs 0.22%/yr for DRILX.

Performance

NWOSX vs. DRILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Destination 2050 Fund (NWOSX) and Dimensional 2060 Target Date Retirement Income Fund (DRILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with NWOSX having a 10.47% return and DRILX slightly higher at 10.77%. Over the past 10 years, NWOSX has underperformed DRILX with an annualized return of 9.78%, while DRILX has yielded a comparatively higher 12.21% annualized return.

NWOSX

• 1D: 2.11%
• 1M: 0.30%
• 6M: 7.78%
• YTD: 10.47%
• 1Y: 21.47%
• 3Y*: 15.60%
• 5Y*: 8.48%
• 10Y*: 9.78%
• ALL TIME*: 7.05%

DRILX

• 1D: 1.68%
• 1M: -0.12%
• 6M: 7.61%
• YTD: 10.77%
• 1Y: 20.94%
• 3Y*: 17.27%
• 5Y*: 11.02%
• 10Y*: 12.21%
• ALL TIME*: 12.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRILX Dimensional 2060 Target Date Retirement Income Fund	$0.00	$0.00	$0.00
NWOSX Nationwide Destination 2050 Fund	$0.00	$0.00	$0.00

NWOSX vs. DRILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWOSX Nationwide Destination 2050 Fund	10.47%	19.12%	12.86%	19.96%	-18.85%	16.69%	13.70%	20.56%	-8.99%	17.09%
DRILX Dimensional 2060 Target Date Retirement Income Fund	10.77%	19.66%	17.10%	21.37%	-15.28%	21.08%	14.10%	25.61%	-9.07%	21.51%

Correlation

The correlation between NWOSX and DRILX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.96

The correlation between NWOSX and DRILX has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.

Return for Risk

NWOSX vs. DRILX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NWOSX

NWOSX Risk / Return Rank: 64
NWOSX Sharpe Ratio Rank: 60
NWOSX Sortino Ratio Rank: 60
NWOSX Omega Ratio Rank: 57
NWOSX Calmar Ratio Rank: 64
NWOSX Martin Ratio Rank: 77

DRILX

DRILX Risk / Return Rank: 77
DRILX Sharpe Ratio Rank: 76
DRILX Sortino Ratio Rank: 75
DRILX Omega Ratio Rank: 73
DRILX Calmar Ratio Rank: 77
DRILX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NWOSX vs. DRILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2050 Fund (NWOSX) and Dimensional 2060 Target Date Retirement Income Fund (DRILX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NWOSX	DRILX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.80	-0.24
Sortino ratio: Return per unit of downside risk	2.24	2.54	-0.30
Omega ratio: Gain probability vs. loss probability	1.28	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	2.25	2.54	-0.29
Martin ratio: Return relative to average drawdown	9.68	10.64	-0.96

NWOSX vs. DRILX - Sharpe Ratio Comparison

The current NWOSX Sharpe Ratio is 1.56, which is comparable to the DRILX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of NWOSX and DRILX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NWOSX vs. DRILX - Drawdown Comparison

The maximum NWOSX drawdown since its inception was -55.99%, which is greater than DRILX's maximum drawdown of -33.48%. Use the drawdown chart below to compare losses from any high point for NWOSX and DRILX.

Drawdown Indicators

	NWOSX	DRILX	Difference
Max Drawdown Largest peak-to-trough decline	-55.99%	-33.48%	-22.51%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-8.58%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-14.64%	-15.76%	+1.12%
Max Drawdown (5Y) Largest decline over 5 years	-30.98%	-23.50%	-7.48%
Max Drawdown (10Y) Largest decline over 10 years	-34.78%	-33.48%	-1.30%
Current Drawdown Current decline from peak	-0.88%	-1.44%	+0.56%
Average Drawdown Average peak-to-trough decline	-9.58%	-4.19%	-5.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.99%	+0.03%

Volatility

NWOSX vs. DRILX - Volatility Comparison

Nationwide Destination 2050 Fund (NWOSX) has a higher volatility of 3.72% compared to Dimensional 2060 Target Date Retirement Income Fund (DRILX) at 3.38%. This indicates that NWOSX's price experiences larger fluctuations and is considered to be riskier than DRILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWOSX	DRILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	3.38%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	9.90%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	12.56%	12.09%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	14.95%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	15.69%	+0.55%

NWOSX vs. DRILX - Expense Ratio Comparison

NWOSX has a 0.38% expense ratio, which is higher than DRILX's 0.22% expense ratio.

Dividends

NWOSX vs. DRILX - Dividend Comparison

NWOSX's dividend yield for the trailing twelve months is around 8.32%, more than DRILX's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRILX Dimensional 2060 Target Date Retirement Income Fund	1.82%	1.47%	2.40%	3.26%	3.97%	2.25%	2.11%	2.12%	2.25%	0.91%	1.96%	0.00%
NWOSX Nationwide Destination 2050 Fund	8.32%	9.15%	14.74%	5.41%	2.70%	8.89%	6.64%	7.16%	10.70%	4.85%	7.38%	5.15%

Frequently Asked Questions

Can I hold both NWOSX and DRILX in my portfolio?

With a correlation of 0.91, NWOSX and DRILX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NWOSX or DRILX?

NWOSX has higher volatility (3.72%) compared to DRILX (3.38%). In terms of maximum drawdown, NWOSX dropped -55.99% vs DRILX's -33.48%.

Which has better risk-adjusted returns?

DRILX currently has the higher Sharpe Ratio (1.80 vs 1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.