IDLV vs. NOIEX
Compare and contrast key facts about Invesco S&P International Developed Low Volatility ETF (IDLV) and Northern Income Equity Fund (NOIEX).
IDLV is a passively managed fund by Invesco that tracks the performance of the S&P BMI International Developed Low Volatility Index. It was launched on Jan 13, 2012. NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994.
Performance
IDLV vs. NOIEX - Performance Comparison
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IDLV vs. NOIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDLV Invesco S&P International Developed Low Volatility ETF | 3.33% | 27.77% | 2.15% | 9.18% | -12.21% | 9.76% | -9.78% | 20.09% | -8.02% | 22.01% |
NOIEX Northern Income Equity Fund | -1.97% | 18.81% | 24.28% | 19.56% | -13.34% | 27.96% | 11.03% | 27.04% | -6.62% | 20.22% |
Returns By Period
In the year-to-date period, IDLV achieves a 3.33% return, which is significantly higher than NOIEX's -1.97% return. Over the past 10 years, IDLV has underperformed NOIEX with an annualized return of 5.50%, while NOIEX has yielded a comparatively higher 12.56% annualized return.
IDLV
- 1D
- 0.83%
- 1M
- -3.85%
- YTD
- 3.33%
- 6M
- 6.50%
- 1Y
- 19.67%
- 3Y*
- 12.50%
- 5Y*
- 6.65%
- 10Y*
- 5.50%
NOIEX
- 1D
- 2.75%
- 1M
- -5.02%
- YTD
- -1.97%
- 6M
- 0.36%
- 1Y
- 19.24%
- 3Y*
- 18.41%
- 5Y*
- 12.13%
- 10Y*
- 12.56%
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IDLV vs. NOIEX - Expense Ratio Comparison
IDLV has a 0.25% expense ratio, which is lower than NOIEX's 0.49% expense ratio.
Return for Risk
IDLV vs. NOIEX — Risk / Return Rank
IDLV
NOIEX
IDLV vs. NOIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Low Volatility ETF (IDLV) and Northern Income Equity Fund (NOIEX). 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.
| IDLV | NOIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 1.04 | +0.54 |
Sortino ratioReturn per unit of downside risk | 2.20 | 1.62 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.35 | +1.10 |
Martin ratioReturn relative to average drawdown | 9.22 | 6.27 | +2.95 |
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
| IDLV | NOIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.04 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.75 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.70 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.66 | -0.20 |
Correlation
The correlation between IDLV and NOIEX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IDLV vs. NOIEX - Dividend Comparison
IDLV's dividend yield for the trailing twelve months is around 4.66%, less than NOIEX's 8.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDLV Invesco S&P International Developed Low Volatility ETF | 4.66% | 4.63% | 3.41% | 3.59% | 4.69% | 2.99% | 2.30% | 4.92% | 3.94% | 3.05% | 3.92% | 3.93% |
NOIEX Northern Income Equity Fund | 8.14% | 7.92% | 6.11% | 7.03% | 5.44% | 14.26% | 7.67% | 8.58% | 15.73% | 7.56% | 3.02% | 5.57% |
Drawdowns
IDLV vs. NOIEX - Drawdown Comparison
The maximum IDLV drawdown since its inception was -34.65%, smaller than the maximum NOIEX drawdown of -45.66%. Use the drawdown chart below to compare losses from any high point for IDLV and NOIEX.
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Drawdown Indicators
| IDLV | NOIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.65% | -45.66% | +11.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.26% | -12.41% | +4.15% |
Max Drawdown (5Y)Largest decline over 5 years | -22.52% | -21.89% | -0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -34.65% | -35.31% | +0.66% |
Current DrawdownCurrent decline from peak | -5.05% | -5.87% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -5.01% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.75% | -0.56% |
Volatility
IDLV vs. NOIEX - Volatility Comparison
The current volatility for Invesco S&P International Developed Low Volatility ETF (IDLV) is 4.21%, while Northern Income Equity Fund (NOIEX) has a volatility of 5.04%. This indicates that IDLV experiences smaller price fluctuations and is considered to be less risky than NOIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDLV | NOIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 5.04% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 9.39% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 19.24% | -6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.73% | 16.37% | -4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.38% | 17.94% | -4.56% |