- ISIN
- US6651625419
- CUSIP
- 665162541
- Issuer
- Northern Funds
- Inception Date
- Jul 25, 2006
- Category
- REIT
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
NGREX Performance Chart
Northern Global Real Estate Index Fund (NGREX) is up 7.6% since the beginning of the year. NGREX is currently trading at $11 per share. Investors who bought $1,000 worth of NGREX shares 5 years ago would now be looking at an investment worth $1,094.
Loading charts...
Returns By Period
Northern Global Real Estate Index Fund (NGREX) has returned 7.61% so far this year and 12.39% over the past 12 months. Over the last ten years, NGREX has returned 3.92% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Northern Global Real Estate Index Fund
- 1D
- 0.09%
- 1M
- -1.18%
- YTD
- 7.61%
- 6M
- 8.04%
- 1Y
- 12.39%
- 3Y*
- 9.41%
- 5Y*
- 1.82%
- 10Y*
- 3.92%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NGREX Monthly Returns History
Based on dividend-adjusted daily data since Jul 27, 2006, NGREX's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +20.3%, while the worst month was Oct 2008 at -28.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, NGREX closed higher 51% of trading days. The best single day was Oct 28, 2008 with a return of +10.0%, while the worst single day was Mar 16, 2020 at -15.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.85% | 6.85% | -8.73% | 8.10% | -0.90% | -0.82% | 7.61% | ||||||
| 2025 | 1.36% | 2.17% | -2.18% | 1.14% | 2.46% | 1.28% | 0.00% | 2.90% | 1.26% | -1.26% | 2.05% | -1.10% | 10.42% |
| 2024 | -4.15% | 0.76% | 3.09% | -5.47% | 3.45% | 0.18% | 5.75% | 5.85% | 3.53% | -4.81% | 2.18% | -6.64% | 2.63% |
| 2023 | 8.90% | -4.90% | -2.73% | 1.78% | -4.60% | 3.58% | 4.03% | -3.44% | -5.85% | -4.41% | 10.10% | 9.06% | 9.98% |
| 2022 | -4.71% | -2.69% | 3.74% | -5.42% | -4.00% | -8.11% | 6.57% | -6.07% | -12.38% | 2.15% | 9.02% | -3.44% | -24.31% |
| 2021 | -0.88% | 3.37% | 3.01% | 5.24% | 1.78% | 0.64% | 2.45% | 1.79% | -5.08% | 5.25% | -2.20% | 5.85% | 22.71% |
Benchmark Metrics
Northern Global Real Estate Index Fund has an annualized alpha of -4.10%, beta of 0.92, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since July 27, 2006.
- This fund participated in 109.80% of S&P 500 Index downside but only 84.70% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -4.10% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.92 and R2 of 0.69, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -4.10%
- Beta
- 0.92
- R²
- 0.69
- Upside Capture
- 84.70%
- Downside Capture
- 109.80%
Expense Ratio
NGREX has an expense ratio of 0.47%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NGREX ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Northern Global Real Estate Index Fund (NGREX) and compare them to S&P 500 Index.
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.
| NGREX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.78 | -1.56 |
| Martin ratioReturn relative to average drawdown | 4.47 | 12.44 | -7.97 |
Dividends
Dividend History
Northern Global Real Estate Index Fund provided a 3.50% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.40 | $0.35 | $0.23 | $0.17 | $0.38 | $0.21 | $0.51 | $0.38 | $0.28 | $0.42 | $0.24 |
Dividend yield | 3.50% | 3.92% | 3.71% | 2.40% | 1.85% | 3.11% | 2.09% | 4.49% | 3.91% | 2.59% | 4.36% | 2.49% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Global Real Estate Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.19 | $0.40 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.35 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.23 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.17 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.15 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Northern Global Real Estate Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Northern Global Real Estate Index Fund was 72.37%, occurring on Mar 9, 2009. Recovery took 1475 trading sessions.
The current Northern Global Real Estate Index Fund drawdown is 3.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -72.37%Mar 2009 | 2y 15d | 5y 10mo | 7y 10moFeb 2007 - Jan 2015 |
COVID crash2020 | -41.06%Mar 2020 | 1mo 4d | 1y 2mo | 1y 3moFeb 2020 - May 2021 |
Bear market2022 | -32.14%Oct 2022 | 9mo 14d | 3y 3mo | 4y 1moJan 2022 - Feb 2026 |
2016 correction2016 | -16.37%Feb 2016 | 1y 5d | 4mo 20d | 1y 4moFeb 2015 - Jun 2016 |
2016 correction2016 | -12.43%Nov 2016 | 3mo 18d | 8mo 10d | 11mo 28dAug 2016 - Jul 2017 |
Drawdown Indicators
| NGREX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.37% | -56.78% | -15.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -9.10% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -17.07% | -18.90% | +1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | -25.43% | -6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -41.06% | -33.92% | -7.14% |
Current DrawdownCurrent decline from peak | -3.03% | -1.80% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -15.86% | -10.71% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.03% | +0.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with NGREX
Add Northern Global Real Estate Index Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with NGREX