NWXEX vs. GRISX
Compare and contrast key facts about Nationwide Strategic Income A (NWXEX) and Nationwide S&P 500 Index Fund (GRISX).
NWXEX is an actively managed fund by Nationwide. It was launched on Nov 2, 2015. GRISX is a passively managed fund by Nationwide that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 1998.
Performance
NWXEX vs. GRISX - Performance Comparison
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NWXEX vs. GRISX - 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% |
GRISX Nationwide S&P 500 Index Fund | -4.41% | 17.41% | 24.13% | 25.55% | -18.49% | 28.32% | 17.92% | 30.94% | -3.84% | 21.35% |
Returns By Period
In the year-to-date period, NWXEX achieves a 0.69% return, which is significantly higher than GRISX's -4.41% return. Over the past 10 years, NWXEX has underperformed GRISX with an annualized return of 6.69%, while GRISX has yielded a comparatively higher 13.69% 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%
GRISX
- 1D
- 2.95%
- 1M
- -5.03%
- YTD
- -4.41%
- 6M
- -2.28%
- 1Y
- 16.97%
- 3Y*
- 17.65%
- 5Y*
- 11.26%
- 10Y*
- 13.69%
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NWXEX vs. GRISX - Expense Ratio Comparison
NWXEX has a 0.99% expense ratio, which is higher than GRISX's 0.44% expense ratio.
Return for Risk
NWXEX vs. GRISX — Risk / Return Rank
NWXEX
GRISX
NWXEX vs. GRISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Strategic Income A (NWXEX) 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.
| NWXEX | GRISX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.97 | 0.96 | +3.01 |
Sortino ratioReturn per unit of downside risk | 5.59 | 1.47 | +4.13 |
Omega ratioGain probability vs. loss probability | 2.17 | 1.22 | +0.95 |
Calmar ratioReturn relative to maximum drawdown | 4.74 | 1.49 | +3.25 |
Martin ratioReturn relative to average drawdown | 27.08 | 7.12 | +19.96 |
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
| NWXEX | GRISX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.97 | 0.96 | +3.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.71 | 0.67 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.52 | 0.76 | +0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.46 | 0.40 | +1.06 |
Correlation
The correlation between NWXEX and GRISX is 0.05, 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. GRISX - Dividend Comparison
NWXEX's dividend yield for the trailing twelve months is around 4.82%, less than GRISX's 5.35% 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% |
GRISX Nationwide S&P 500 Index Fund | 5.35% | 5.08% | 2.62% | 0.79% | 1.67% | 4.96% | 1.27% | 6.26% | 18.54% | 6.66% | 7.42% | 11.98% |
Drawdowns
NWXEX vs. GRISX - Drawdown Comparison
The maximum NWXEX drawdown since its inception was -22.97%, smaller than the maximum GRISX drawdown of -55.53%. Use the drawdown chart below to compare losses from any high point for NWXEX and GRISX.
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Drawdown Indicators
| NWXEX | GRISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.97% | -55.53% | +32.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.20% | -12.11% | +10.91% |
Max Drawdown (5Y)Largest decline over 5 years | -5.60% | -24.75% | +19.15% |
Max Drawdown (10Y)Largest decline over 10 years | -22.97% | -33.85% | +10.88% |
Current DrawdownCurrent decline from peak | -0.43% | -6.27% | +5.84% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -10.92% | +9.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 2.53% | -2.30% |
Volatility
NWXEX vs. GRISX - Volatility Comparison
The current volatility for Nationwide Strategic Income A (NWXEX) is 0.51%, while Nationwide S&P 500 Index Fund (GRISX) has a volatility of 5.34%. This indicates that NWXEX experiences smaller price fluctuations and is considered to be less risky than GRISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWXEX | GRISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 5.34% | -4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 9.54% | -8.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 18.31% | -16.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.66% | 16.95% | -13.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 18.06% | -13.64% |