IHDG vs. NOIGX
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 11.21%/yr vs 9.86%/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
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Returns By Period
The year-to-date returns for both stocks are quite close, with IHDG having a 8.84% return and NOIGX slightly lower at 8.72%. Over the past 10 years, IHDG has outperformed NOIGX with an annualized return of 11.21%, while NOIGX has yielded a comparatively lower 9.86% annualized return.
IHDG
- 1D
- 1.03%
- 1M
- 3.25%
- YTD
- 8.84%
- 6M
- 8.94%
- 1Y
- 20.15%
- 3Y*
- 12.20%
- 5Y*
- 7.98%
- 10Y*
- 11.21%
NOIGX
- 1D
- -0.27%
- 1M
- -1.35%
- YTD
- 8.72%
- 6M
- 8.23%
- 1Y
- 25.69%
- 3Y*
- 19.68%
- 5Y*
- 10.76%
- 10Y*
- 9.86%
IHDG vs. NOIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHDG WisdomTree International Hedged Dividend Growth Fund | 8.84% | 14.17% | 5.97% | 20.00% | -11.53% | 19.75% | 10.51% | 33.42% | -12.03% | 21.93% |
NOIGX Northern International Equity Fund | 8.72% | 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 0.73, 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 | 0.73 |
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 7, 2014 | 0.76 |
The correlation between IHDG and NOIGX has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
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Return for Risk
IHDG vs. NOIGX — Risk / Return Rank
IHDG
NOIGX
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.
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.
| IHDG | NOIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.73 | -0.80 |
| Martin ratioReturn relative to average drawdown | 7.14 | 10.62 | -3.48 |
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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.
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Drawdown Indicators
| IHDG | NOIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.59% | -2.15% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -13.74% | +9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 2.56% | +0.27% |
Volatility
IHDG vs. NOIGX - Volatility Comparison
The current volatility for WisdomTree International Hedged Dividend Growth Fund (IHDG) is 4.66%, while Northern International Equity Fund (NOIGX) has a volatility of 5.21%. This indicates that IHDG experiences smaller price fluctuations and is considered to be less risky than NOIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHDG | NOIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 5.21% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 13.20% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.10% | 15.46% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 15.72% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.64% | 16.30% | -0.66% |
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 1.83%, more than NOIGX's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHDG WisdomTree International Hedged Dividend Growth Fund | 1.83% | 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 | 0.72% | 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
IHDG and NOIGX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOIGX has higher volatility (5.21%) compared to IHDG (4.66%). In terms of maximum drawdown, IHDG dropped -29.24% vs NOIGX's -57.92%.
NOIGX currently has the higher Sharpe Ratio (1.77 vs 1.44), 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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