BQMGX vs. NCTWX
BQMGX (Bright Rock Mid Cap Growth Fund) and NCTWX (Nicholas II Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, BQMGX returned 9.05%/yr vs 9.55%/yr for NCTWX. Their correlation of 0.92 suggests significant overlap in exposure. BQMGX charges 1.07%/yr vs 0.59%/yr for NCTWX.
Performance
BQMGX vs. NCTWX - Performance Comparison
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Returns By Period
In the year-to-date period, BQMGX achieves a -2.93% return, which is significantly lower than NCTWX's -2.15% return. Over the past 10 years, BQMGX has underperformed NCTWX with an annualized return of 9.05%, while NCTWX has yielded a comparatively higher 9.55% annualized return.
BQMGX
- 1D
- -0.09%
- 1M
- 0.31%
- YTD
- -2.93%
- 6M
- -4.11%
- 1Y
- -2.85%
- 3Y*
- 5.22%
- 5Y*
- 2.65%
- 10Y*
- 9.05%
NCTWX
- 1D
- -0.52%
- 1M
- 1.31%
- YTD
- -2.15%
- 6M
- -3.69%
- 1Y
- -3.66%
- 3Y*
- 4.66%
- 5Y*
- 2.04%
- 10Y*
- 9.55%
BQMGX vs. NCTWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BQMGX Bright Rock Mid Cap Growth Fund | -2.93% | -0.29% | 14.16% | 13.00% | -19.44% | 23.02% | 19.62% | 32.05% | -6.68% | 22.16% |
NCTWX Nicholas II Fund | -2.15% | -1.27% | 6.74% | 19.89% | -18.03% | 21.58% | 15.73% | 34.90% | -4.20% | 25.65% |
Correlation
The correlation between BQMGX and NCTWX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 26, 2010 | 0.92 |
The correlation between BQMGX and NCTWX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
BQMGX vs. NCTWX — Risk / Return Rank
BQMGX
NCTWX
BQMGX vs. NCTWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bright Rock Mid Cap Growth Fund (BQMGX) and Nicholas II Fund (NCTWX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BQMGX | NCTWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.99 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | -0.16 | +0.01 |
| Martin ratioReturn relative to average drawdown | -0.33 | -0.38 | +0.04 |
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Drawdowns
BQMGX vs. NCTWX - Drawdown Comparison
The maximum BQMGX drawdown since its inception was -36.05%, smaller than the maximum NCTWX drawdown of -46.46%. Use the drawdown chart below to compare losses from any high point for BQMGX and NCTWX.
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Drawdown Indicators
| BQMGX | NCTWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.05% | -46.46% | +10.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -15.43% | +3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | -20.63% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -25.92% | -25.89% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | -36.61% | +0.56% |
Current DrawdownCurrent decline from peak | -8.84% | -10.22% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -6.90% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 6.57% | -1.38% |
Volatility
BQMGX vs. NCTWX - Volatility Comparison
The current volatility for Bright Rock Mid Cap Growth Fund (BQMGX) is 3.35%, while Nicholas II Fund (NCTWX) has a volatility of 4.81%. This indicates that BQMGX experiences smaller price fluctuations and is considered to be less risky than NCTWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BQMGX | NCTWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 4.81% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 11.97% | -2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.30% | 15.28% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 18.16% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 18.32% | -0.33% |
BQMGX vs. NCTWX - Expense Ratio Comparison
BQMGX has a 1.07% expense ratio, which is higher than NCTWX's 0.59% expense ratio.
Dividends
BQMGX vs. NCTWX - Dividend Comparison
BQMGX's dividend yield for the trailing twelve months is around 4.24%, less than NCTWX's 12.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BQMGX Bright Rock Mid Cap Growth Fund | 4.24% | 4.12% | 5.99% | 0.00% | 5.90% | 8.05% | 5.27% | 3.50% | 0.00% | 0.08% | 1.07% | 5.80% |
NCTWX Nicholas II Fund | 12.71% | 12.43% | 5.21% | 0.72% | 3.92% | 9.86% | 3.79% | 11.36% | 12.57% | 11.02% | 5.11% | 6.40% |
Frequently Asked Questions
BQMGX and NCTWX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NCTWX has higher volatility (4.81%) compared to BQMGX (3.35%). In terms of maximum drawdown, BQMGX dropped -36.05% vs NCTWX's -46.46%.
BQMGX currently has the higher Sharpe Ratio (-0.14 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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