EFA vs. NOINX
Compare and contrast key facts about iShares MSCI EAFE ETF (EFA) and Northern International Equity Index Fund (NOINX).
EFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Index. It was launched on Aug 14, 2001. NOINX is managed by Northern Funds. It was launched on Mar 22, 2005.
Performance
EFA vs. NOINX - Performance Comparison
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EFA vs. NOINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFA iShares MSCI EAFE ETF | 2.69% | 31.55% | 3.49% | 18.36% | -14.39% | 11.45% | 7.60% | 22.04% | -13.82% | 25.07% |
NOINX Northern International Equity Index Fund | 0.85% | 31.86% | 3.69% | 18.08% | -14.24% | 11.08% | 7.92% | 21.98% | -13.76% | 25.28% |
Returns By Period
In the year-to-date period, EFA achieves a 2.69% return, which is significantly higher than NOINX's 0.85% return. Both investments have delivered pretty close results over the past 10 years, with EFA having a 8.93% annualized return and NOINX not far behind at 8.78%.
EFA
- 1D
- 1.52%
- 1M
- -4.54%
- YTD
- 2.69%
- 6M
- 6.65%
- 1Y
- 24.78%
- 3Y*
- 14.94%
- 5Y*
- 8.43%
- 10Y*
- 8.93%
NOINX
- 1D
- 2.78%
- 1M
- -6.54%
- YTD
- 0.85%
- 6M
- 4.76%
- 1Y
- 22.76%
- 3Y*
- 14.49%
- 5Y*
- 8.21%
- 10Y*
- 8.78%
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EFA vs. NOINX - Expense Ratio Comparison
EFA has a 0.32% expense ratio, which is higher than NOINX's 0.10% expense ratio.
Return for Risk
EFA vs. NOINX — Risk / Return Rank
EFA
NOINX
EFA vs. NOINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE ETF (EFA) and Northern International Equity Index Fund (NOINX). 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.
| EFA | NOINX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 1.39 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.99 | 1.87 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.65 | +0.54 |
Martin ratioReturn relative to average drawdown | 8.30 | 6.38 | +1.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EFA | NOINX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.39 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.52 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.54 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.30 | 0.00 |
Correlation
The correlation between EFA and NOINX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EFA vs. NOINX - Dividend Comparison
EFA's dividend yield for the trailing twelve months is around 3.29%, less than NOINX's 3.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFA iShares MSCI EAFE ETF | 3.29% | 3.38% | 3.24% | 2.98% | 2.69% | 3.33% | 2.13% | 3.10% | 3.39% | 2.57% | 3.07% | 2.76% |
NOINX Northern International Equity Index Fund | 3.54% | 3.57% | 3.70% | 3.37% | 2.71% | 3.19% | 2.04% | 3.08% | 3.47% | 2.45% | 3.21% | 2.74% |
Drawdowns
EFA vs. NOINX - Drawdown Comparison
The maximum EFA drawdown since its inception was -61.04%, roughly equal to the maximum NOINX drawdown of -61.10%. Use the drawdown chart below to compare losses from any high point for EFA and NOINX.
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Drawdown Indicators
| EFA | NOINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.04% | -61.10% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -11.12% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -29.53% | -29.34% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -34.19% | -33.69% | -0.50% |
Current DrawdownCurrent decline from peak | -6.67% | -8.38% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -12.00% | -12.65% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.09% | -0.08% |
Volatility
EFA vs. NOINX - Volatility Comparison
iShares MSCI EAFE ETF (EFA) and Northern International Equity Index Fund (NOINX) have volatilities of 7.51% and 7.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFA | NOINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 7.30% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 11.21% | 11.83% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 16.97% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 15.82% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 16.43% | +0.77% |