- ISIN
- US6537351008
- CUSIP
- 653735100
- Issuer
- Nicholas
- Inception Date
- Jul 14, 1969
- Category
- Large Cap Growth Equities
- Min. Investment
- $500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
NICSX Performance Chart
Nicholas Fund (NICSX) is up 0.6% since the beginning of the year. NICSX is currently trading at $90 per share. Investors who bought $1,000 worth of NICSX shares 5 years ago would now be looking at an investment worth $1,477.
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Returns By Period
Nicholas Fund (NICSX) has returned 0.64% so far this year and 3.78% over the past 12 months. Over the last ten years, NICSX has returned 11.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.53% annually.
Nicholas Fund
- 1D
- -1.41%
- 1M
- -0.48%
- YTD
- 0.64%
- 6M
- 0.07%
- 1Y
- 3.78%
- 3Y*
- 10.57%
- 5Y*
- 8.11%
- 10Y*
- 11.36%
Benchmark (S&P 500 Index)
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
NICSX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1980, NICSX's average daily return is +0.04%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2009 with a return of +14.6%, while the worst month was Oct 2008 at -17.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, NICSX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +9.4%, while the worst single day was Mar 16, 2020 at -11.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.10% | -2.79% | -5.44% | 9.22% | 3.81% | -3.35% | 0.64% | ||||||
| 2025 | 4.40% | -2.28% | -5.93% | 0.10% | 3.77% | 3.12% | 0.85% | 0.80% | -0.39% | 1.79% | -0.84% | -0.58% | 4.45% |
| 2024 | 2.94% | 4.52% | 2.21% | -4.72% | 1.73% | -0.14% | 0.11% | 3.35% | 0.74% | -1.19% | 6.75% | -4.47% | 11.80% |
| 2023 | 6.45% | -1.67% | 4.51% | 2.05% | 2.99% | 5.73% | 2.34% | -0.31% | -4.80% | -1.56% | 10.74% | 4.25% | 34.17% |
| 2022 | -6.37% | -4.06% | 3.72% | -8.58% | -0.72% | -7.05% | 9.79% | -4.39% | -8.40% | 7.47% | 6.32% | -5.21% | -18.15% |
| 2021 | -2.41% | 3.02% | 3.41% | 5.59% | -0.09% | 2.79% | 3.95% | 2.80% | -4.46% | 7.04% | -1.26% | 4.08% | 26.58% |
Benchmark Metrics
Nicholas Fund has an annualized alpha of 2.69%, beta of 0.79, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since January 02, 1980.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (94.36%) than losses (90.19%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.69% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.69%
- Beta
- 0.79
- R²
- 0.78
- Upside Capture
- 94.36%
- Downside Capture
- 90.19%
Expense Ratio
NICSX has an expense ratio of 0.71%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NICSX ranks 6 for risk / return — in the bottom 6% 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 Nicholas Fund (NICSX) 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.
| NICSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.34 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 2.52 | -2.26 |
| Martin ratioReturn relative to average drawdown | 0.87 | 11.31 | -10.44 |
Dividends
Dividend History
Nicholas Fund provided a 3.80% dividend yield over the last twelve months, with an annual payout of $3.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.40 | $8.20 | $3.70 | $5.90 | $1.57 | $10.24 | $5.21 | $5.65 | $3.03 | $9.61 | $2.21 | $3.88 |
Dividend yield | 3.80% | 9.22% | 3.97% | 6.81% | 2.26% | 11.84% | 6.76% | 8.13% | 5.38% | 15.55% | 3.63% | 6.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Nicholas 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 | $0.03 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.83 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.37 | $8.20 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.70 | $3.70 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.85 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.05 | $5.90 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $1.57 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.55 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.69 | $10.24 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Nicholas 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 Nicholas Fund was 50.20%, occurring on Mar 9, 2009. Recovery took 425 trading sessions.
The current Nicholas Fund drawdown is 3.96%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -50.20%Mar 2009 | 1y 9mo | 1y 8mo | 3y 5moJun 2007 - Nov 2010 |
2003 bear market2003 | -43.23%Mar 2003 | 2y 6mo | 2y 11mo | 5y 5moSep 2000 - Feb 2006 |
COVID crash2020 | -33.44%Mar 2020 | 1mo 2d | 5mo 4d | 6mo 6dFeb 2020 - Aug 2020 |
Black Monday1987 | -31.85%Dec 1987 | 8mo 19d | 1y 5mo | 2y 2moMar 1987 - Jun 1989 |
1998 bear market1998 | -27.91%Oct 1998 | 2mo 20d | 6mo 15d | 9mo 5dJul 1998 - Apr 1999 |
Drawdown Indicators
| NICSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.20% | -56.78% | +6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -13.20% | -9.10% | -4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -18.90% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.32% | -25.43% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -33.44% | -33.92% | +0.48% |
Current DrawdownCurrent decline from peak | -3.96% | -2.83% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -10.72% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 2.02% | +1.83% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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