- ISIN
- US6651626326
- CUSIP
- 665162632
- Issuer
- Northern Funds
- Inception Date
- Aug 3, 2000
- Category
- Large Cap Value 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
NOLVX Performance Chart
Northern Large Cap Value Fund (NOLVX) is up 10.9% since the beginning of the year. NOLVX is currently trading at $25 per share. Investors who bought $1,000 worth of NOLVX shares 5 years ago would now be looking at an investment worth $1,626.
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Returns By Period
Northern Large Cap Value Fund (NOLVX) has returned 10.93% so far this year and 28.33% over the past 12 months. Over the last ten years, NOLVX has returned 11.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Northern Large Cap Value Fund
- 1D
- -0.12%
- 1M
- 3.49%
- YTD
- 10.93%
- 6M
- 11.91%
- 1Y
- 28.33%
- 3Y*
- 18.04%
- 5Y*
- 10.21%
- 10Y*
- 11.27%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
NOLVX Monthly Returns History
Based on dividend-adjusted daily data since Aug 3, 2000, NOLVX's average daily return is +0.04%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +14.4%, while the worst month was Mar 2020 at -17.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, NOLVX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.3%, while the worst single day was Mar 16, 2020 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.87% | 1.63% | -3.59% | 6.33% | 2.61% | -0.12% | 10.93% | ||||||
| 2025 | 4.86% | 0.47% | -3.54% | -3.57% | 3.51% | 3.68% | 1.91% | 3.25% | 1.51% | 0.22% | 3.75% | 1.05% | 18.01% |
| 2024 | 1.14% | 3.27% | 5.49% | -4.41% | 2.45% | -1.05% | 5.37% | 1.84% | 0.95% | -1.03% | 5.78% | -6.20% | 13.56% |
| 2023 | 5.49% | -3.47% | -1.64% | 0.86% | -4.58% | 6.53% | 4.35% | -2.06% | -3.13% | -3.60% | 6.21% | 5.77% | 10.09% |
| 2022 | -2.33% | -1.20% | 2.90% | -4.98% | 2.62% | -9.26% | 6.54% | -3.79% | -8.66% | 11.07% | 7.05% | -4.05% | -6.16% |
| 2021 | 0.11% | 5.41% | 6.87% | 4.02% | 2.97% | -1.14% | 0.97% | 2.16% | -3.64% | 4.52% | -2.99% | 6.69% | 28.41% |
Benchmark Metrics
Northern Large Cap Value Fund has an annualized alpha of 1.25%, beta of 0.94, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since August 04, 2000.
- With beta of 0.94 and R2 of 0.87, 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
- 1.25%
- Beta
- 0.94
- R²
- 0.87
- Upside Capture
- 98.88%
- Downside Capture
- 95.69%
Expense Ratio
NOLVX has an expense ratio of 0.57%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NOLVX ranks 85 for risk / return — in the top 85% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Northern Large Cap Value Fund (NOLVX) and compare them to S&P 500 Index.
| NOLVX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.71 | 2.24 | +0.47 |
Sortino ratioReturn per unit of downside risk | 3.92 | 3.07 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.41 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 4.81 | 2.93 | +1.88 |
Martin ratioReturn relative to average drawdown | 18.45 | 13.52 | +4.93 |
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 Large Cap Value Fund provided a 4.23% dividend yield over the last twelve months, with an annual payout of $1.08 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.08 | $1.08 | $1.59 | $1.08 | $1.56 | $1.76 | $0.26 | $0.36 | $0.25 | $0.38 | $0.22 | $0.22 |
Dividend yield | 4.23% | 4.70% | 7.80% | 5.56% | 8.37% | 8.20% | 1.46% | 2.01% | 1.71% | 2.34% | 1.52% | 1.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Large Cap Value 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 | $1.08 | $1.08 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.59 | $1.59 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.08 | $1.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.56 | $1.56 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.76 | $1.76 |
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 Large Cap Value 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 Large Cap Value Fund was 58.73%, occurring on Mar 9, 2009. Recovery took 1053 trading sessions.
The current Northern Large Cap Value Fund drawdown is 0.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.73%Mar 2009 | 1y 7mo | 4y 2mo | 5y 10moJul 2007 - May 2013 |
COVID crash2020 | -39.75%Mar 2020 | 2mo 2d | 9mo 13d | 11mo 15dJan 2020 - Dec 2020 |
Dot-com crash2000–2002 | -31.64%Oct 2002 | 6mo 23d | 1y 2mo | 1y 8moMar 2002 - Dec 2003 |
2016 bear market2016 | -20.79%Feb 2016 | 7mo 22d | 9mo 3d | 1y 4moJun 2015 - Nov 2016 |
Bear market2022 | -18.95%Sep 2022 | 8mo 20d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
Drawdown Indicators
| NOLVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.73% | -56.78% | -1.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | -9.10% | +2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -18.90% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -18.95% | -25.43% | +6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -39.75% | -33.92% | -5.83% |
Current DrawdownCurrent decline from peak | -0.20% | -0.74% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -10.72% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.97% | -0.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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