Northern Emerging Markets Equity Index Fund (NOEMX) belongs to the Emerging Markets Diversified category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NOEMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NOEMX
NOEMX charges 0.22% annually. There are 6 mutual funds in the Emerging Markets Diversified category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Emerging Markets Index Fund | 0.08% | — | Sep 2011 | NOEMX vs FPADX | |
| Fidelity SAI Emerging Markets Index Fund | 0.08% | — | Jan 2016 | NOEMX vs FERGX | |
| Franklin Emerging Market Core Equity (IU) Fund Adv... | 0.17% | — | Jul 2019 | NOEMX vs FCEEX | |
| State Street Emerging Markets Equity Index Fund | 0.17% | — | Dec 2015 | NOEMX vs SSKEX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.19% | — | May 2018 | NOEMX vs EMPTX |
Best Risk-Adjusted Alternatives to NOEMX
NOEMX has a PortfoliosLab risk / return rank of 83. There are 50 mutual funds in the Emerging Markets Diversified category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 97 | — | Jun 1996 | NOEMX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 96 | — | Nov 2021 | NOEMX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 95 | — | Jan 2018 | NOEMX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 94 | — | Oct 2021 | NOEMX vs GMAQX | |
| LSV Emerging Markets Equity Fund | 93 | — | Jan 2019 | NOEMX vs LVAZX |
Top Performing NOEMX Alternatives (YTD)
NOEMX is at 23.91% YTD. There are 76 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 125.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 125.98% | — | Jun 1996 | NOEMX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 75.65% | — | Nov 2021 | NOEMX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 57.98% | — | Jan 2018 | NOEMX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 44.54% | — | Oct 2021 | NOEMX vs GMAQX | |
| Invesco EQV Emerging Markets All Cap Fd | 40.89% | — | Jan 1994 | NOEMX vs GTDDX |
Lowest Volatility Alternatives to NOEMX
NOEMX has 18.96% 1-year volatility. There are 62 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 11.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 11.19% | — | Oct 2011 | NOEMX vs ESCIX | |
| Virtus KAR Emerging Markets Small-Cap Fund | 11.54% | — | Dec 2013 | NOEMX vs VIESX | |
| GQG Partners Emerging Markets Equity Fund | 11.57% | — | Dec 2016 | NOEMX vs GQGPX | |
| The Cook & Bynum Fund | 11.91% | — | Jun 2009 | NOEMX vs COBYX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | 12.07% | — | Dec 2020 | NOEMX vs BADEX |
Lowest Drawdown Alternatives to NOEMX
NOEMX has a 1-year max drawdown of -13.06%. There are 75 mutual funds in the Emerging Markets Diversified category with shallower 1-year drawdowns, going as shallow as -5.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | -5.70% | — | Oct 2011 | NOEMX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | -7.89% | — | Sep 2007 | NOEMX vs WAEMX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | -8.89% | — | Dec 2020 | NOEMX vs BADEX | |
| The Cook & Bynum Fund | -8.95% | — | Jun 2009 | NOEMX vs COBYX | |
| GQG Partners Emerging Markets Equity Fund | -9.12% | — | Dec 2016 | NOEMX vs GQGPX |
Other Mutual Funds from Northern Funds
The 10 most viewed Northern Funds mutual funds shown here include NOIEX, NOSIX, NHFIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Northern Income Equity Fund | Large Cap Value Equities | 65 | 9.23% | — | Mar 1994 | NOEMX vs NOIEX | |
| Northern Stock Index Fund | Large Cap Blend Equities | 53 | 8.20% | — | Oct 1996 | NOEMX vs NOSIX | |
| Northern High Yield Fixed Income Fund | High Yield Bonds | 77 | 1.53% | — | Dec 1998 | NOEMX vs NHFIX | |
| Northern Global Sustainability Index Fund | Global Equities | 46 | 7.32% | — | Mar 2008 | NOEMX vs NSRIX | |
| Northern International Equity Index Fund | Foreign Large Cap Equities | 32 | 8.48% | — | Mar 2005 | NOEMX vs NOINX | |
| Northern Small Cap Value Fund | Small Cap Value Equities | 70 | 18.51% | — | Mar 1994 | NOEMX vs NOSGX | |
| Northern Small Cap Core Fund | Small Cap Blend Equities | 71 | 19.65% | — | Sep 1999 | NOEMX vs NSGRX | |
| Northern Large Cap Core Fund | Large Cap Blend Equities | 67 | 7.35% | — | Dec 2005 | NOEMX vs NOLCX | |
| Northern Bond Index Fund | Intermediate Core Bond | 16 | -0.17% | — | Feb 2007 | NOEMX vs NOBOX | |
| Northern Mid Cap Index Fund | Mid Cap Blend Equities | 46 | 14.66% | — | Mar 2005 | NOEMX vs NOMIX |
Often Compared With NOEMX
Investors most often compare NOEMX with EICOX, EEM, VFSAX. These 18 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare NOEMX with Any Fund or Stock
Compare NOEMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NOEMX with funds that move differently
Northern Emerging Markets Equity Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NOEMX.
Explore NOEMX Diversifiers