EAGG vs. NOCBX
EAGG (iShares ESG Aware US Aggregate Bond ETF) and NOCBX (Northern Core Bond Fund) are both Intermediate Core Bond funds. Over the past 5 years, EAGG returned -0.49%/yr vs -1.20%/yr for NOCBX. Their correlation of 0.91 means they have usually moved in the same direction. EAGG charges 0.10%/yr vs 0.42%/yr for NOCBX.
Performance
EAGG vs. NOCBX - Performance Comparison
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Returns By Period
In the year-to-date period, EAGG achieves a -0.56% return, which is significantly higher than NOCBX's -1.13% return.
EAGG
- 1D
- -0.21%
- 1M
- -1.17%
- 6M
- -0.75%
- YTD
- -0.56%
- 1Y
- 1.82%
- 3Y*
- 3.85%
- 5Y*
- -0.49%
- 10Y*
- —
- ALL TIME*
- 1.90%
NOCBX
- 1D
- 0.00%
- 1M
- -0.78%
- 6M
- -1.35%
- YTD
- -1.13%
- 1Y
- 2.04%
- 3Y*
- 3.00%
- 5Y*
- -1.20%
- 10Y*
- 0.91%
- ALL TIME*
- 3.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.53M | $14.23M | $19.73M | |
| $0.00 | $0.00 | $0.00 |
EAGG vs. NOCBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | -0.56% | 7.18% | 1.12% | 5.58% | -13.63% | -1.30% | 7.40% | 8.68% | 2.19% |
NOCBX Northern Core Bond Fund | -1.13% | 6.17% | 1.10% | 5.07% | -14.51% | -1.62% | 7.32% | 9.76% | 1.99% |
Correlation
The correlation between EAGG and NOCBX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2018 | 0.91 |
The correlation between EAGG and NOCBX has been stable across timeframes, ranging from 0.84 to 0.94 - a consistent structural relationship.
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Return for Risk
EAGG vs. NOCBX — Risk / Return Rank
EAGG
NOCBX
EAGG vs. NOCBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware US Aggregate Bond ETF (EAGG) and Northern Core Bond Fund (NOCBX). 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.
| EAGG | NOCBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.09 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.58 | +0.41 |
| Martin ratioReturn relative to average drawdown | 2.52 | 1.34 | +1.17 |
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Drawdowns
EAGG vs. NOCBX - Drawdown Comparison
The maximum EAGG drawdown since its inception was -18.74%, smaller than the maximum NOCBX drawdown of -20.02%. Use the drawdown chart below to compare losses from any high point for EAGG and NOCBX.
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Drawdown Indicators
| EAGG | NOCBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -20.02% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -3.17% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -5.54% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -17.98% | -19.95% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.02% | — |
Current DrawdownCurrent decline from peak | -3.59% | -6.22% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -2.93% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.36% | -0.28% |
Volatility
EAGG vs. NOCBX - Volatility Comparison
iShares ESG Aware US Aggregate Bond ETF (EAGG) has a higher volatility of 0.98% compared to Northern Core Bond Fund (NOCBX) at 0.91%. This indicates that EAGG's price experiences larger fluctuations and is considered to be riskier than NOCBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAGG | NOCBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.91% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.94% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 3.86% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 6.11% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 5.08% | +0.39% |
EAGG vs. NOCBX - Expense Ratio Comparison
EAGG has a 0.10% expense ratio, which is lower than NOCBX's 0.42% expense ratio.
Dividends
EAGG vs. NOCBX - Dividend Comparison
EAGG's dividend yield for the trailing twelve months is around 4.06%, more than NOCBX's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | 3.72% | 3.92% | 3.93% | 3.24% | 2.07% | 1.09% | 1.82% | 3.17% | 0.61% | 0.00% | 0.00% | 0.00% |
NOCBX Northern Core Bond Fund | 3.69% | 3.14% | 3.82% | 2.99% | 1.66% | 1.56% | 3.58% | 2.75% | 3.16% | 2.88% | 2.05% | 3.09% |
Frequently Asked Questions
EAGG and NOCBX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EAGG has higher volatility (0.98%) compared to NOCBX (0.91%). In terms of maximum drawdown, EAGG dropped -18.74% vs NOCBX's -20.02%.
EAGG currently has the higher Sharpe Ratio (0.74 vs 0.47), 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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