- ISIN
- US6651626656
- CUSIP
- 665162665
- Issuer
- Northern Funds
- Inception Date
- Sep 30, 1999
- Category
- Small Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
NSGRX Performance Chart
Northern Small Cap Core Fund (NSGRX) is up 19.5% since the beginning of the year. NSGRX is currently trading at $29 per share. Investors who bought $1,000 worth of NSGRX shares 5 years ago would now be looking at an investment worth $1,501.
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Returns By Period
Northern Small Cap Core Fund (NSGRX) has returned 19.53% so far this year and 38.51% over the past 12 months. Over the last ten years, NSGRX has returned 11.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Northern Small Cap Core Fund
- 1D
- 1.87%
- 1M
- 3.92%
- YTD
- 19.53%
- 6M
- 16.77%
- 1Y
- 38.51%
- 3Y*
- 17.10%
- 5Y*
- 8.46%
- 10Y*
- 11.19%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NSGRX Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 1999, NSGRX's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 60% of months were positive and 40% were negative. The best month was Feb 2000 with a return of +30.0%, while the worst month was Oct 2008 at -21.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, NSGRX closed higher 52% of trading days. The best single day was Dec 16, 2021 with a return of +16.1%, while the worst single day was Dec 17, 2021 at -15.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.96% | 1.77% | -4.45% | 10.99% | 2.78% | 2.67% | 19.53% | ||||||
| 2025 | 2.69% | -5.08% | -5.59% | -2.62% | 4.89% | 4.33% | 2.42% | 6.10% | 1.45% | -0.18% | 2.34% | 0.13% | 10.57% |
| 2024 | -2.63% | 5.10% | 3.62% | -6.08% | 4.72% | -1.31% | 9.54% | -1.35% | 0.67% | -2.02% | 9.66% | -8.20% | 10.44% |
| 2023 | 8.83% | -1.19% | -4.48% | -1.69% | -1.68% | 7.95% | 5.25% | -3.63% | -5.10% | -5.81% | 8.37% | 11.07% | 16.96% |
| 2022 | -8.07% | 1.03% | 1.02% | -8.03% | 0.39% | -7.88% | 9.69% | -2.97% | -9.38% | 11.50% | 3.74% | -5.80% | -16.14% |
| 2021 | 4.08% | 7.41% | 1.62% | 2.64% | 0.45% | 0.92% | -2.07% | 2.14% | -2.60% | 3.94% | -3.12% | 3.46% | 19.99% |
Benchmark Metrics
Northern Small Cap Core Fund has an annualized alpha of 1.88%, beta of 1.06, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since September 30, 1999.
- This fund captured 115.06% of S&P 500 Index gains and 107.27% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.06 and R2 of 0.72, 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
- 1.88%
- Beta
- 1.06
- R²
- 0.72
- Upside Capture
- 115.06%
- Downside Capture
- 107.27%
Expense Ratio
NSGRX has an expense ratio of 0.62%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NSGRX ranks 72 for risk / return — better than 72% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Northern Small Cap Core Fund (NSGRX) 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.
| NSGRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 2.78 | +1.77 |
| Martin ratioReturn relative to average drawdown | 15.90 | 12.44 | +3.46 |
Dividends
Dividend History
Northern Small Cap Core Fund provided a 13.26% dividend yield over the last twelve months, with an annual payout of $3.83 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.83 | $3.83 | $4.50 | $1.86 | $0.13 | $4.66 | $1.43 | $1.66 | $0.29 | $1.11 | $0.16 | $0.66 |
Dividend yield | 13.26% | 15.85% | 17.77% | 6.90% | 0.55% | 15.75% | 5.00% | 6.30% | 1.26% | 4.35% | 0.67% | 3.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Small Cap Core 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 | $3.83 | $3.83 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.50 | $4.50 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.86 | $1.86 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.66 | $4.66 |
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 Small Cap Core 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 Small Cap Core Fund was 64.89%, occurring on Mar 12, 2003. Recovery took 2519 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2003 bear market2003 | -64.89%Mar 2003 | 3y 2d | 10y 5d | 13y 7dMar 2000 - Mar 2013 |
COVID crash2020 | -40.37%Mar 2020 | 2mo 6d | 7mo 25d | 10mo 1dJan 2020 - Nov 2020 |
Bear market2022 | -32.31%Sep 2022 | 9mo 13d | 2y 1mo | 2y 10moDec 2021 - Nov 2024 |
2025 selloff2025 | -26.45%Apr 2025 | 4mo 16d | 5mo 10d | 9mo 26dNov 2024 - Sep 2025 |
Rate-hike selloffLate 2018 | -25.11%Dec 2018 | 3mo 21d | 1y 23d | 1y 4moSep 2018 - Jan 2020 |
Drawdown Indicators
| NSGRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.89% | -56.78% | -8.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -9.10% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -26.45% | -18.90% | -7.55% |
Max Drawdown (5Y)Largest decline over 5 years | -32.31% | -25.43% | -6.88% |
Max Drawdown (10Y)Largest decline over 10 years | -40.37% | -33.92% | -6.45% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -22.13% | -10.71% | -11.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.03% | +0.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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