NWOSX vs. GRISX

Last updated Jun 4, 2026

NWOSX (Nationwide Destination 2050 Fund) and GRISX (Nationwide S&P 500 Index Fund) are both mutual funds - NWOSX is a Target Retirement Date fund managed by Nationwide, while GRISX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, NWOSX returned 10.14%/yr vs 15.27%/yr for GRISX. With a 0.95 correlation, they move nearly in lockstep. NWOSX charges 0.38%/yr vs 0.44%/yr for GRISX.

Performance

NWOSX vs. GRISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Destination 2050 Fund (NWOSX) and Nationwide S&P 500 Index Fund (GRISX). 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 11.19% return and GRISX slightly higher at 11.55%. Over the past 10 years, NWOSX has underperformed GRISX with an annualized return of 10.14%, while GRISX has yielded a comparatively higher 15.27% annualized return.

NWOSX

• 1D: 0.10%
• 1M: 4.91%
• YTD: 11.19%
• 6M: 12.22%
• 1Y: 25.90%
• 3Y*: 18.20%
• 5Y*: 9.04%
• 10Y*: 10.14%

GRISX

• 1D: 0.15%
• 1M: 5.78%
• YTD: 11.55%
• 6M: 11.59%
• 1Y: 28.56%
• 3Y*: 22.08%
• 5Y*: 13.73%
• 10Y*: 15.27%

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

NWOSX vs. GRISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWOSX Nationwide Destination 2050 Fund	11.19%	19.12%	12.86%	19.96%	-18.85%	16.69%	13.70%	20.56%	-8.99%	17.09%
GRISX Nationwide S&P 500 Index Fund	11.55%	17.41%	24.13%	25.55%	-18.49%	28.32%	17.92%	30.94%	-3.84%	21.35%

Correlation

The correlation between NWOSX and GRISX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 31, 2007	0.95

The correlation between NWOSX and GRISX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

NWOSX vs. GRISX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NWOSX

NWOSX Risk / Return Rank: 62
NWOSX Sharpe Ratio Rank: 60
NWOSX Sortino Ratio Rank: 60
NWOSX Omega Ratio Rank: 56
NWOSX Calmar Ratio Rank: 62
NWOSX Martin Ratio Rank: 70

GRISX

GRISX Risk / Return Rank: 71
GRISX Sharpe Ratio Rank: 73
GRISX Sortino Ratio Rank: 65
GRISX Omega Ratio Rank: 65
GRISX Calmar Ratio Rank: 72
GRISX Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NWOSX vs. GRISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Destination 2050 Fund (NWOSX) and Nationwide S&P 500 Index Fund (GRISX). 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.

	NWOSX	GRISX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.48	-0.17
Sortino ratio: Return per unit of downside risk	3.28	3.38	-0.10
Omega ratio: Gain probability vs. loss probability	1.42	1.45	-0.03
Calmar ratio: Return relative to maximum drawdown	3.03	3.29	-0.26
Martin ratio: Return relative to average drawdown	13.53	15.35	-1.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWOSX vs. GRISX - Sharpe Ratio Comparison

The current NWOSX Sharpe Ratio is 2.31, which is comparable to the GRISX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of NWOSX and GRISX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NWOSX	GRISX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.48	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.82	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.85	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.43	-0.05

Drawdowns

NWOSX vs. GRISX - Drawdown Comparison

The maximum NWOSX drawdown since its inception was -55.99%, roughly equal to the maximum GRISX drawdown of -55.53%. Use the drawdown chart below to compare losses from any high point for NWOSX and GRISX.

Drawdown Indicators

	NWOSX	GRISX	Difference
Max Drawdown Largest peak-to-trough decline	-55.99%	-55.53%	-0.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-8.95%	+0.26%
Max Drawdown (3Y) Largest decline over 3 years	-14.64%	-18.78%	+4.14%
Max Drawdown (5Y) Largest decline over 5 years	-30.98%	-24.75%	-6.23%
Max Drawdown (10Y) Largest decline over 10 years	-34.78%	-33.85%	-0.93%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.65%	-10.86%	+1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	1.91%	+0.03%

Volatility

NWOSX vs. GRISX - Volatility Comparison

Nationwide Destination 2050 Fund (NWOSX) has a higher volatility of 3.45% compared to Nationwide S&P 500 Index Fund (GRISX) at 2.83%. This indicates that NWOSX's price experiences larger fluctuations and is considered to be riskier than GRISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWOSX	GRISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	2.83%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	9.18%	8.98%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.41%	11.88%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.48%	16.94%	-1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.29%	18.08%	-1.79%

NWOSX vs. GRISX - Expense Ratio Comparison

NWOSX has a 0.38% expense ratio, which is lower than GRISX's 0.44% expense ratio.

Dividends

NWOSX vs. GRISX - Dividend Comparison

NWOSX's dividend yield for the trailing twelve months is around 8.25%, more than GRISX's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRISX Nationwide S&P 500 Index Fund	4.59%	5.08%	2.62%	0.79%	1.67%	4.96%	1.27%	6.26%	18.54%	6.66%	7.42%	11.98%
NWOSX Nationwide Destination 2050 Fund	8.25%	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 GRISX in my portfolio?

With a correlation of 0.94, NWOSX and GRISX 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 GRISX?

NWOSX has higher volatility (3.45%) compared to GRISX (2.83%). In terms of maximum drawdown, NWOSX dropped -55.99% vs GRISX's -55.53%.

Which has better risk-adjusted returns?

GRISX currently has the higher Sharpe Ratio (2.48 vs 2.31), 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.