IHDG vs. NOIGX

Last updated Jun 4, 2026

IHDG (WisdomTree International Hedged Dividend Growth Fund) and NOIGX (Northern International Equity Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, IHDG returned 10.09%/yr vs 9.37%/yr for NOIGX. A 0.76 correlation means they provide meaningful diversification when combined. IHDG charges 0.58%/yr vs 0.51%/yr for NOIGX.

Performance

IHDG vs. NOIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Hedged Dividend Growth Fund (IHDG) and Northern International Equity Fund (NOIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IHDG achieves a 5.33% return, which is significantly lower than NOIGX's 10.36% return. Over the past 10 years, IHDG has outperformed NOIGX with an annualized return of 10.09%, while NOIGX has yielded a comparatively lower 9.37% annualized return.

IHDG

• 1D: -0.60%
• 1M: 4.90%
• YTD: 5.33%
• 6M: 7.48%
• 1Y: 15.52%
• 3Y*: 10.55%
• 5Y*: 7.68%
• 10Y*: 10.09%

NOIGX

• 1D: 0.47%
• 1M: 4.37%
• YTD: 10.36%
• 6M: 13.00%
• 1Y: 28.35%
• 3Y*: 20.36%
• 5Y*: 10.98%
• 10Y*: 9.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IHDG vs. NOIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IHDG WisdomTree International Hedged Dividend Growth Fund	5.33%	14.17%	5.97%	20.00%	-11.53%	19.75%	10.51%	33.42%	-12.03%	21.93%
NOIGX Northern International Equity Fund	10.36%	37.46%	4.73%	19.04%	-11.87%	15.14%	1.69%	16.60%	-15.11%	22.90%

Correlation

The correlation between IHDG and NOIGX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since May 8, 2014	0.76

The correlation between IHDG and NOIGX has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.

Return for Risk

IHDG vs. NOIGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IHDG

IHDG Risk / Return Rank: 31
IHDG Sharpe Ratio Rank: 30
IHDG Sortino Ratio Rank: 31
IHDG Omega Ratio Rank: 31
IHDG Calmar Ratio Rank: 30
IHDG Martin Ratio Rank: 35

NOIGX

NOIGX Risk / Return Rank: 46
NOIGX Sharpe Ratio Rank: 42
NOIGX Sortino Ratio Rank: 40
NOIGX Omega Ratio Rank: 42
NOIGX Calmar Ratio Rank: 54
NOIGX Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IHDG vs. NOIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Hedged Dividend Growth Fund (IHDG) and Northern International Equity Fund (NOIGX). 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.

	IHDG	NOIGX	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.89	-0.74
Sortino ratio: Return per unit of downside risk	1.70	2.64	-0.94
Omega ratio: Gain probability vs. loss probability	1.21	1.35	-0.14
Calmar ratio: Return relative to maximum drawdown	1.49	2.81	-1.32
Martin ratio: Return relative to average drawdown	5.49	10.96	-5.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHDG vs. NOIGX - Sharpe Ratio Comparison

The current IHDG Sharpe Ratio is 1.15, which is lower than the NOIGX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of IHDG and NOIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IHDG	NOIGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	1.89	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.71	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.57	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.32	+0.28

Drawdowns

IHDG vs. NOIGX - Drawdown Comparison

The maximum IHDG drawdown since its inception was -29.24%, smaller than the maximum NOIGX drawdown of -57.92%. Use the drawdown chart below to compare losses from any high point for IHDG and NOIGX.

Drawdown Indicators

	IHDG	NOIGX	Difference
Max Drawdown Largest peak-to-trough decline	-29.24%	-57.92%	+28.68%
Max Drawdown (1Y) Largest decline over 1 year	-10.49%	-10.02%	-0.47%
Max Drawdown (3Y) Largest decline over 3 years	-18.88%	-12.93%	-5.95%
Max Drawdown (5Y) Largest decline over 5 years	-19.52%	-27.48%	+7.96%
Max Drawdown (10Y) Largest decline over 10 years	-29.24%	-40.06%	+10.82%
Current Drawdown Current decline from peak	-1.36%	0.00%	-1.36%
Average Drawdown Average peak-to-trough decline	-4.04%	-13.77%	+9.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.54%	+0.30%

Volatility

IHDG vs. NOIGX - Volatility Comparison

WisdomTree International Hedged Dividend Growth Fund (IHDG) and Northern International Equity Fund (NOIGX) have volatilities of 4.57% and 4.64%, 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.

Volatility by Period

	IHDG	NOIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	4.64%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	12.44%	-1.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.55%	14.90%	-1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	15.62%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.76%	16.53%	-0.77%

IHDG vs. NOIGX - Expense Ratio Comparison

IHDG has a 0.58% expense ratio, which is higher than NOIGX's 0.51% expense ratio.

Dividends

IHDG vs. NOIGX - Dividend Comparison

IHDG's dividend yield for the trailing twelve months is around 1.82%, more than NOIGX's 0.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IHDG WisdomTree International Hedged Dividend Growth Fund	1.82%	1.84%	2.42%	1.70%	13.79%	2.77%	1.94%	1.99%	0.22%	1.28%	1.91%	3.04%
NOIGX Northern International Equity Fund	0.71%	0.78%	4.50%	5.79%	2.94%	3.20%	5.86%	3.83%	2.71%	1.21%	1.57%	2.02%

Frequently Asked Questions

Can I hold both IHDG and NOIGX in my portfolio?

IHDG and NOIGX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IHDG or NOIGX?

NOIGX has higher volatility (4.64%) compared to IHDG (4.57%). In terms of maximum drawdown, IHDG dropped -29.24% vs NOIGX's -57.92%.

Which has better risk-adjusted returns?

NOIGX currently has the higher Sharpe Ratio (1.89 vs 1.15), 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.