- ISIN
- US6651627233
- CUSIP
- 665162723
- Issuer
- Northern Funds
- Inception Date
- Sep 3, 1999
- Category
- Small Cap Blend Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
NSIDX Performance Chart
Northern Small Cap Index Fund (NSIDX) is up 17.6% since the beginning of the year. NSIDX is currently trading at $18 per share. Investors who bought $1,000 worth of NSIDX shares 5 years ago would now be looking at an investment worth $1,345.
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Returns By Period
Northern Small Cap Index Fund (NSIDX) has returned 17.58% so far this year and 42.23% over the past 12 months. Over the last ten years, NSIDX has returned 10.87% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Northern Small Cap Index Fund
- 1D
- -0.44%
- 1M
- 3.41%
- YTD
- 17.58%
- 6M
- 18.58%
- 1Y
- 42.23%
- 3Y*
- 18.25%
- 5Y*
- 6.10%
- 10Y*
- 10.87%
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%
NSIDX Monthly Returns History
Based on dividend-adjusted daily data since Sep 3, 1999, NSIDX'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, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +18.3%, while the worst month was Mar 2020 at -21.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, NSIDX closed higher 51% of trading days. The best single day was Dec 16, 2021 with a return of +12.4%, while the worst single day was Mar 16, 2020 at -14.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.37% | 0.80% | -4.99% | 12.17% | 4.34% | -0.44% | 17.58% | ||||||
| 2025 | 2.66% | -5.39% | -6.80% | -2.30% | 5.36% | 5.40% | 2.71% | 6.20% | 3.09% | 1.82% | 0.96% | -0.55% | 12.88% |
| 2024 | -3.90% | 5.70% | 3.55% | -7.06% | 5.07% | -0.95% | 10.18% | -1.54% | 0.68% | -1.42% | 10.96% | -8.30% | 11.45% |
| 2023 | 9.71% | -1.64% | -4.78% | -1.84% | -0.94% | 8.17% | 6.12% | -5.02% | -5.91% | -6.79% | 8.99% | 12.24% | 16.87% |
| 2022 | -9.63% | 1.07% | 1.27% | -9.93% | 0.15% | -8.24% | 10.40% | -2.05% | -9.62% | 11.07% | 2.32% | -6.66% | -20.63% |
| 2021 | 5.03% | 6.22% | 1.00% | 2.09% | 0.17% | 1.93% | -3.62% | 2.25% | -2.99% | 4.25% | -4.13% | 1.92% | 14.38% |
Benchmark Metrics
Northern Small Cap Index Fund has an annualized alpha of 1.79%, beta of 1.11, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since September 07, 1999.
- This fund captured 121.43% of S&P 500 Index gains and 111.36% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.11 and R2 of 0.76, 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
- 1.79%
- Beta
- 1.11
- R²
- 0.76
- Upside Capture
- 121.43%
- Downside Capture
- 111.36%
Expense Ratio
NSIDX has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
NSIDX ranks 62 for risk / return — better than 62% 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 Index Fund (NSIDX) and compare them to S&P 500 Index.
| NSIDX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 2.39 | -0.20 |
Sortino ratioReturn per unit of downside risk | 3.08 | 3.25 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.43 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.94 | 3.11 | +0.83 |
Martin ratioReturn relative to average drawdown | 13.90 | 14.38 | -0.48 |
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 Small Cap Index Fund provided a 1.34% dividend yield over the last twelve months, with an annual payout of $0.24 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.24 | $0.94 | $0.27 | $0.74 | $1.89 | $0.54 | $0.24 | $1.31 | $0.89 | $0.51 | $0.73 |
Dividend yield | 1.34% | 1.57% | 6.72% | 2.01% | 6.38% | 12.15% | 3.52% | 1.78% | 12.16% | 6.55% | 4.06% | 6.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Small Cap Index 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 | $0.24 | $0.24 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.94 | $0.94 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.74 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.89 | $1.89 |
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 Index 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 Index Fund was 59.02%, occurring on Mar 9, 2009. Recovery took 488 trading sessions.
The current Northern Small Cap Index Fund drawdown is 1.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.02%Mar 2009 | 1y 7mo | 1y 11mo | 3y 7moJul 2007 - Feb 2011 |
Dot-com crash2000–2002 | -45.53%Oct 2002 | 2y 7mo | 1y 3mo | 3y 10moMar 2000 - Jan 2004 |
COVID crash2020 | -42.09%Mar 2020 | 1y 6mo | 7mo 26d | 2y 2moSep 2018 - Nov 2020 |
Bear market2022 | -32.89%Jun 2022 | 6mo 1d | 2y 4mo | 2y 10moDec 2021 - Nov 2024 |
2011 bear market2011 | -29.20%Oct 2011 | 5mo 4d | 11mo 16d | 1y 4moMay 2011 - Sep 2012 |
Drawdown Indicators
| NSIDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.02% | -56.78% | -2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -9.10% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -27.71% | -18.90% | -8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -25.43% | -7.46% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -33.92% | -8.17% |
Current DrawdownCurrent decline from peak | -1.03% | 0.00% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -12.06% | -10.72% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.97% | +1.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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