- ISIN
- US6537341033
- CUSIP
- 653734103
- Issuer
- Nicholas
- Inception Date
- Nov 23, 1993
- Category
- Large Cap Value Equities
- Min. Investment
- $500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
NSEIX Performance Chart
Nicholas Equity Income Fund (NSEIX) is up 5.7% since the beginning of the year. NSEIX is currently trading at $23 per share. Investors who bought $1,000 worth of NSEIX shares 5 years ago would now be looking at an investment worth $1,473.
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Returns By Period
Nicholas Equity Income Fund (NSEIX) has returned 5.69% so far this year and 13.30% over the past 12 months. Over the last ten years, NSEIX has returned 10.04% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Nicholas Equity Income Fund
- 1D
- -0.17%
- 1M
- -0.22%
- YTD
- 5.69%
- 6M
- 5.25%
- 1Y
- 13.30%
- 3Y*
- 11.88%
- 5Y*
- 8.05%
- 10Y*
- 10.04%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NSEIX Monthly Returns History
Based on dividend-adjusted daily data since Nov 23, 1993, NSEIX's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Mar 2000 with a return of +14.2%, while the worst month was Oct 2008 at -13.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, NSEIX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +9.5%, while the worst single day was Mar 16, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.14% | 2.49% | -5.54% | 4.57% | -0.13% | 0.39% | 5.69% | ||||||
| 2025 | 3.00% | 0.81% | -3.56% | -2.81% | 7.44% | 3.97% | 1.75% | 2.59% | 0.53% | -2.11% | 1.58% | 0.33% | 13.80% |
| 2024 | 0.49% | 2.38% | 4.03% | -3.87% | 2.65% | -0.09% | 3.26% | 3.19% | 1.38% | -1.63% | 3.46% | -5.18% | 9.97% |
| 2023 | 2.72% | -2.55% | -0.30% | 0.76% | -3.71% | 5.77% | 2.98% | -2.87% | -4.16% | -2.07% | 7.02% | 4.84% | 7.87% |
| 2022 | -2.57% | -1.66% | 1.36% | -4.50% | 1.37% | -7.61% | 5.37% | -2.87% | -7.67% | 9.26% | 6.55% | -2.57% | -6.90% |
| 2021 | -0.90% | 3.80% | 6.05% | 4.23% | 2.39% | -0.68% | 0.64% | 2.26% | -4.38% | 5.70% | -2.40% | 6.28% | 24.76% |
Benchmark Metrics
Nicholas Equity Income Fund has an annualized alpha of 1.92%, beta of 0.73, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since November 23, 1993.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (77.19%) than losses (76.27%) - typical of diversified or defensive assets.
- Alpha
- 1.92%
- Beta
- 0.73
- R²
- 0.81
- Upside Capture
- 77.19%
- Downside Capture
- 76.27%
Expense Ratio
NSEIX has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NSEIX ranks 25 for risk / return — below 25% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nicholas Equity Income Fund (NSEIX) 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.
| NSEIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.78 | -0.97 |
| Martin ratioReturn relative to average drawdown | 5.60 | 12.44 | -6.84 |
Dividends
Dividend History
Nicholas Equity Income Fund provided a 3.68% dividend yield over the last twelve months, with an annual payout of $0.85 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $2.39 | $0.87 | $0.88 | $0.78 | $2.56 | $0.39 | $2.52 | $2.95 | $1.41 | $0.76 | $1.32 |
Dividend yield | 3.68% | 10.85% | 4.03% | 4.28% | 3.92% | 11.53% | 1.97% | 13.05% | 17.55% | 6.83% | 3.85% | 7.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Nicholas Equity Income 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 | $0.07 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $1.61 | $0.00 | $0.00 | $0.11 | $0.00 | $0.09 | $0.00 | $0.58 | $2.39 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.11 | $0.00 | $0.10 | $0.00 | $0.21 | $0.87 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.11 | $0.00 | $0.11 | $0.00 | $0.12 | $0.88 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.09 | $0.00 | $0.10 | $0.00 | $0.09 | $0.78 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $0.00 | $0.00 | $0.09 | $0.00 | $0.09 | $0.00 | $1.17 | $2.56 |
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 Equity Income 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 Equity Income Fund was 48.12%, occurring on Mar 9, 2009. Recovery took 262 trading sessions.
The current Nicholas Equity Income Fund drawdown is 1.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -48.12%Mar 2009 | 1y 5mo | 1y 14d | 2y 5moOct 2007 - Mar 2010 |
COVID crash2020 | -33.47%Mar 2020 | 1mo 9d | 7mo 21d | 9moFeb 2020 - Nov 2020 |
2003 bear market2003 | -31.99%Mar 2003 | 10mo 29d | 11mo 29d | 1y 10moApr 2002 - Mar 2004 |
Dot-com crash2000–2002 | -25.60%Mar 2000 | 1y 10mo | 1y 12mo | 3y 10moApr 1998 - Mar 2002 |
2011 correction2011 | -19.43%Aug 2011 | 1mo 1d | 7mo 8d | 8mo 9dJul 2011 - Mar 2012 |
Drawdown Indicators
| NSEIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.12% | -56.78% | +8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -9.10% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -18.90% | +4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -25.43% | +6.45% |
Max Drawdown (10Y)Largest decline over 10 years | -33.47% | -33.92% | +0.45% |
Current DrawdownCurrent decline from peak | -1.36% | -1.80% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -10.71% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.03% | +0.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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