Northern Emerging Markets Equity Index Fund (NOEMX)

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Northern Emerging Markets Equity Index Fund (NOEMX) is up 28.3% since the beginning of the year. NOEMX is currently trading at $19 per share. Investors who bought $1,000 worth of NOEMX shares 5 years ago would now be looking at an investment worth $1,426.

Northern Emerging Markets Equity Index Fund (NOEMX) has returned 28.26% so far this year and 57.19% over the past 12 months. Over the last ten years, NOEMX has returned 10.28% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Apr 26, 2006, NOEMX's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 years.

Historically, 55% of months were positive and 45% were negative. The best month was May 2009 with a return of +17.6%, while the worst month was Oct 2008 at -27.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, NOEMX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +14.1%, while the worst single day was Mar 16, 2020 at -11.4%.

Northern Emerging Markets Equity Index Fund has an annualized alpha of -1.53%, beta of 0.87, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since April 27, 2006.

• This fund participated in 103.56% of S&P 500 Index downside but only 87.75% of its upside - more exposed to losses than it benefited from rallies.
• With beta of 0.87 and R2 of 0.62, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

NOEMX has an expense ratio of 0.22%, which is considered low.

NOEMX ranks 92 for risk / return — in the top 92% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Northern Emerging Markets Equity Index Fund (NOEMX) and compare them to S&P 500 Index.

Northern Emerging Markets Equity Index Fund provided a 1.97% dividend yield over the last twelve months, with an annual payout of $0.37 per share.

The table displays the monthly dividend distributions for Northern Emerging Markets Equity Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Northern Emerging Markets Equity 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 Emerging Markets Equity Index Fund was 66.67%, occurring on Nov 20, 2008. Recovery took 2265 trading sessions.

The chart below shows the rolling one-month volatility.