- ISIN
- US6651625096
- CUSIP
- 665162509
- Issuer
- Northern Funds
- Inception Date
- Mar 30, 1994
- Category
- Foreign Large Cap Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
NOIGX Performance Chart
Northern International Equity Fund (NOIGX) is up 9.8% since the beginning of the year. NOIGX is currently trading at $15 per share. Investors who bought $1,000 worth of NOIGX shares 5 years ago would now be looking at an investment worth $1,668.
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Returns By Period
Northern International Equity Fund (NOIGX) has returned 9.84% so far this year and 26.76% over the past 12 months. Over the last ten years, NOIGX has returned 9.32% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Northern International Equity Fund
- 1D
- -0.27%
- 1M
- 2.57%
- YTD
- 9.84%
- 6M
- 12.98%
- 1Y
- 26.76%
- 3Y*
- 20.17%
- 5Y*
- 10.77%
- 10Y*
- 9.32%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
NOIGX Monthly Returns History
Based on dividend-adjusted daily data since Mar 31, 1994, NOIGX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +14.4%, while the worst month was Oct 2008 at -19.5%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, NOIGX closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +12.0%, while the worst single day was Mar 12, 2020 at -11.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.69% | 5.12% | -6.97% | 5.17% | 2.28% | -0.27% | 9.84% | ||||||
| 2025 | 4.78% | 2.42% | 0.76% | 3.76% | 5.16% | 3.01% | -0.00% | 3.51% | 2.58% | 1.57% | 1.94% | 2.86% | 37.46% |
| 2024 | -0.20% | 1.53% | 3.02% | -2.15% | 5.39% | -2.46% | 2.82% | 3.40% | 0.82% | -4.98% | 0.95% | -2.98% | 4.73% |
| 2023 | 8.25% | -2.22% | 1.95% | 2.44% | -4.56% | 5.43% | 3.09% | -3.40% | -2.48% | -4.14% | 9.07% | 5.40% | 19.04% |
| 2022 | -1.37% | -2.99% | -0.51% | -5.98% | 2.41% | -9.64% | 4.86% | -5.31% | -8.83% | 6.68% | 12.15% | -1.74% | -11.87% |
| 2021 | -1.31% | 2.11% | 5.10% | 2.38% | 4.94% | -1.92% | 0.88% | 0.87% | -3.28% | 2.89% | -4.07% | 6.20% | 15.14% |
Benchmark Metrics
Northern International Equity Fund has an annualized alpha of -0.27%, beta of 0.70, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since April 04, 1994.
- This fund participated in 93.92% of S&P 500 Index downside but only 78.80% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.27%
- Beta
- 0.70
- R²
- 0.52
- Upside Capture
- 78.80%
- Downside Capture
- 93.92%
Expense Ratio
NOIGX has an expense ratio of 0.51%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NOIGX ranks 48 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Northern International Equity Fund (NOIGX) and compare them to S&P 500 Index.
| NOIGX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.93 | 2.39 | -0.46 |
Sortino ratioReturn per unit of downside risk | 2.69 | 3.25 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.43 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.87 | 3.11 | -0.25 |
Martin ratioReturn relative to average drawdown | 11.19 | 14.38 | -3.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Northern International Equity Fund provided a 0.71% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.44 | $0.57 | $0.26 | $0.33 | $0.54 | $0.36 | $0.23 | $0.12 | $0.13 | $0.17 |
Dividend yield | 0.71% | 0.78% | 4.50% | 5.79% | 2.94% | 3.20% | 5.86% | 3.83% | 2.71% | 1.21% | 1.57% | 2.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern International Equity 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
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 Northern International Equity 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 International Equity Fund was 57.92%, occurring on Mar 9, 2009. Recovery took 1213 trading sessions.
The current Northern International Equity Fund drawdown is 0.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -57.92%Mar 2009 | 1y 4mo | 4y 9mo | 6y 2moNov 2007 - Dec 2013 |
2003 bear market2003 | -53.98%Mar 2003 | 2y 8mo | 2y 10mo | 5y 5moJul 2000 - Jan 2006 |
COVID crash2020 | -40.06%Mar 2020 | 2y 1mo | 11mo 29d | 3y 1moJan 2018 - Mar 2021 |
2016 bear market2016 | -29.43%Feb 2016 | 1y 7mo | 1y 5mo | 3y 1moJun 2014 - Jul 2017 |
Bear market2022 | -27.48%Sep 2022 | 8mo 17d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
Drawdown Indicators
| NOIGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.92% | -56.78% | -1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -9.10% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -18.90% | +5.97% |
Max Drawdown (5Y)Largest decline over 5 years | -27.48% | -25.43% | -2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -40.06% | -33.92% | -6.14% |
Current DrawdownCurrent decline from peak | -0.34% | 0.00% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -13.77% | -10.72% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 1.97% | +0.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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