EMCAX vs. NCLEX
Compare and contrast key facts about Empiric 2500 Fund (EMCAX) and Nicholas Limited Edition Fund (NCLEX).
EMCAX is managed by Empiric Funds. It was launched on Nov 6, 1995. NCLEX is managed by Nicholas. It was launched on May 18, 1987.
Performance
EMCAX vs. NCLEX - Performance Comparison
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EMCAX vs. NCLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMCAX Empiric 2500 Fund | -0.57% | 2.37% | 13.89% | 12.43% | -16.06% | 16.07% | 27.81% | 19.10% | -4.64% | 21.82% |
NCLEX Nicholas Limited Edition Fund | -13.00% | -10.41% | 11.91% | 17.17% | -23.71% | 19.07% | 22.67% | 27.36% | -0.94% | 19.93% |
Returns By Period
In the year-to-date period, EMCAX achieves a -0.57% return, which is significantly higher than NCLEX's -13.00% return. Over the past 10 years, EMCAX has outperformed NCLEX with an annualized return of 9.61%, while NCLEX has yielded a comparatively lower 6.82% annualized return.
EMCAX
- 1D
- 2.60%
- 1M
- -6.15%
- YTD
- -0.57%
- 6M
- -1.03%
- 1Y
- 6.53%
- 3Y*
- 8.52%
- 5Y*
- 2.22%
- 10Y*
- 9.61%
NCLEX
- 1D
- 1.71%
- 1M
- -8.10%
- YTD
- -13.00%
- 6M
- -15.05%
- 1Y
- -16.29%
- 3Y*
- -1.57%
- 5Y*
- -2.35%
- 10Y*
- 6.82%
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EMCAX vs. NCLEX - Expense Ratio Comparison
EMCAX has a 1.96% expense ratio, which is higher than NCLEX's 0.85% expense ratio.
Return for Risk
EMCAX vs. NCLEX — Risk / Return Rank
EMCAX
NCLEX
EMCAX vs. NCLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Empiric 2500 Fund (EMCAX) and Nicholas Limited Edition Fund (NCLEX). 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.
| EMCAX | NCLEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | -0.79 | +1.20 |
Sortino ratioReturn per unit of downside risk | 0.72 | -1.07 | +1.79 |
Omega ratioGain probability vs. loss probability | 1.09 | 0.88 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | -0.73 | +1.47 |
Martin ratioReturn relative to average drawdown | 3.00 | -1.99 | +4.99 |
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
| EMCAX | NCLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | -0.79 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | -0.12 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.36 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.50 | -0.06 |
Correlation
The correlation between EMCAX and NCLEX is 0.82, 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
EMCAX vs. NCLEX - Dividend Comparison
EMCAX's dividend yield for the trailing twelve months is around 0.13%, less than NCLEX's 8.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCAX Empiric 2500 Fund | 0.13% | 0.13% | 0.13% | 0.00% | 0.00% | 0.51% | 7.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NCLEX Nicholas Limited Edition Fund | 8.66% | 7.53% | 2.51% | 2.43% | 6.22% | 16.44% | 5.10% | 5.66% | 10.72% | 7.97% | 10.68% | 8.05% |
Drawdowns
EMCAX vs. NCLEX - Drawdown Comparison
The maximum EMCAX drawdown since its inception was -51.81%, which is greater than NCLEX's maximum drawdown of -48.68%. Use the drawdown chart below to compare losses from any high point for EMCAX and NCLEX.
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Drawdown Indicators
| EMCAX | NCLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.81% | -48.68% | -3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -21.36% | +11.21% |
Max Drawdown (5Y)Largest decline over 5 years | -30.60% | -28.50% | -2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -42.79% | -35.79% | -7.00% |
Current DrawdownCurrent decline from peak | -6.22% | -27.21% | +20.99% |
Average DrawdownAverage peak-to-trough decline | -13.33% | -8.21% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 7.84% | -5.34% |
Volatility
EMCAX vs. NCLEX - Volatility Comparison
Empiric 2500 Fund (EMCAX) has a higher volatility of 5.42% compared to Nicholas Limited Edition Fund (NCLEX) at 5.11%. This indicates that EMCAX's price experiences larger fluctuations and is considered to be riskier than NCLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMCAX | NCLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 5.11% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 12.33% | -1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.50% | 19.73% | -2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 19.47% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 19.16% | +1.05% |