NWXEX vs. GMXAX
Compare and contrast key facts about Nationwide Strategic Income A (NWXEX) and Nationwide Mid Cap Market Index Fund (GMXAX).
NWXEX is an actively managed fund by Nationwide. It was launched on Nov 2, 2015. GMXAX is managed by Nationwide. It was launched on Dec 29, 1999.
Performance
NWXEX vs. GMXAX - Performance Comparison
Loading graphics...
NWXEX vs. GMXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWXEX Nationwide Strategic Income A | 0.69% | 6.97% | 9.36% | 9.00% | 3.50% | 4.64% | 3.24% | 9.84% | -0.39% | 10.86% |
GMXAX Nationwide Mid Cap Market Index Fund | 2.42% | 6.84% | 12.15% | 15.89% | -13.45% | 24.33% | 12.79% | 25.35% | -10.65% | 2.80% |
Returns By Period
In the year-to-date period, NWXEX achieves a 0.69% return, which is significantly lower than GMXAX's 2.42% return. Over the past 10 years, NWXEX has underperformed GMXAX with an annualized return of 6.69%, while GMXAX has yielded a comparatively higher 8.64% annualized return.
NWXEX
- 1D
- 0.00%
- 1M
- -0.33%
- YTD
- 0.69%
- 6M
- 1.75%
- 1Y
- 6.39%
- 3Y*
- 8.15%
- 5Y*
- 6.22%
- 10Y*
- 6.69%
GMXAX
- 1D
- 2.88%
- 1M
- -6.20%
- YTD
- 2.42%
- 6M
- 3.66%
- 1Y
- 16.08%
- 3Y*
- 11.11%
- 5Y*
- 5.88%
- 10Y*
- 8.64%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NWXEX vs. GMXAX - Expense Ratio Comparison
NWXEX has a 0.99% expense ratio, which is higher than GMXAX's 0.68% expense ratio.
Return for Risk
NWXEX vs. GMXAX — Risk / Return Rank
NWXEX
GMXAX
NWXEX vs. GMXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Strategic Income A (NWXEX) and Nationwide Mid Cap Market Index Fund (GMXAX). 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.
| NWXEX | GMXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.97 | 0.80 | +3.17 |
Sortino ratioReturn per unit of downside risk | 5.59 | 1.27 | +4.33 |
Omega ratioGain probability vs. loss probability | 2.17 | 1.17 | +1.00 |
Calmar ratioReturn relative to maximum drawdown | 4.74 | 1.21 | +3.53 |
Martin ratioReturn relative to average drawdown | 27.08 | 5.19 | +21.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NWXEX | GMXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.97 | 0.80 | +3.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.71 | 0.30 | +1.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.52 | 0.41 | +1.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.46 | 0.39 | +1.07 |
Correlation
The correlation between NWXEX and GMXAX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NWXEX vs. GMXAX - Dividend Comparison
NWXEX's dividend yield for the trailing twelve months is around 4.82%, less than GMXAX's 12.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWXEX Nationwide Strategic Income A | 4.82% | 4.93% | 4.73% | 4.33% | 16.14% | 3.99% | 4.70% | 3.63% | 4.30% | 8.40% | 7.21% | 0.43% |
GMXAX Nationwide Mid Cap Market Index Fund | 12.72% | 12.93% | 11.73% | 6.17% | 9.58% | 12.52% | 3.18% | 5.18% | 23.21% | 0.85% | 9.60% | 13.94% |
Drawdowns
NWXEX vs. GMXAX - Drawdown Comparison
The maximum NWXEX drawdown since its inception was -22.97%, smaller than the maximum GMXAX drawdown of -55.64%. Use the drawdown chart below to compare losses from any high point for NWXEX and GMXAX.
Loading graphics...
Drawdown Indicators
| NWXEX | GMXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.97% | -55.64% | +32.67% |
Max Drawdown (1Y)Largest decline over 1 year | -1.20% | -14.08% | +12.88% |
Max Drawdown (5Y)Largest decline over 5 years | -5.60% | -24.21% | +18.61% |
Max Drawdown (10Y)Largest decline over 10 years | -22.97% | -42.22% | +19.25% |
Current DrawdownCurrent decline from peak | -0.43% | -6.20% | +5.77% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -8.10% | +6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 3.28% | -3.05% |
Volatility
NWXEX vs. GMXAX - Volatility Comparison
The current volatility for Nationwide Strategic Income A (NWXEX) is 0.51%, while Nationwide Mid Cap Market Index Fund (GMXAX) has a volatility of 6.50%. This indicates that NWXEX experiences smaller price fluctuations and is considered to be less risky than GMXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NWXEX | GMXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 6.50% | -5.99% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 11.81% | -10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 20.96% | -19.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.66% | 19.70% | -16.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 21.28% | -16.86% |