ILIT vs. NOIEX

Last updated Apr 1, 2026

Compare and contrast key facts about Ishares Lithium Miners And Producers ETF (ILIT) and Northern Income Equity Fund (NOIEX).

ILIT is a passively managed fund by iShares that tracks the performance of the STOXX Global Lithium Miners and Producers Index - USD - Benchmark TR Net. It was launched on Jun 21, 2023. NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994.

Performance

ILIT vs. NOIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Lithium Miners And Producers ETF (ILIT) and Northern Income Equity Fund (NOIEX). The values are adjusted to include any dividend payments, if applicable.

ILIT vs. NOIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ILIT Ishares Lithium Miners And Producers ETF	10.28%	81.51%	-45.14%	-28.86%
NOIEX Northern Income Equity Fund	-4.59%	18.81%	24.28%	10.23%

Returns By Period

In the year-to-date period, ILIT achieves a 10.28% return, which is significantly higher than NOIEX's -4.59% return.

ILIT

• 1D: 1.54%
• 1M: -4.65%
• YTD: 10.28%
• 6M: 45.10%
• 1Y: 117.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NOIEX

• 1D: -0.29%
• 1M: -7.32%
• YTD: -4.59%
• 6M: -1.82%
• 1Y: 16.41%
• 3Y*: 17.35%
• 5Y*: 11.80%
• 10Y*: 12.25%

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

ILIT vs. NOIEX - Expense Ratio Comparison

ILIT has a 0.47% expense ratio, which is lower than NOIEX's 0.49% expense ratio.

NOIEX

Northern Income Equity Fund

ILIT

Ishares Lithium Miners And Producers ETF

Return for Risk

ILIT vs. NOIEX — Risk / Return Rank

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

ILIT

ILIT Risk / Return Rank: 93
ILIT Sharpe Ratio Rank: 95
ILIT Sortino Ratio Rank: 94
ILIT Omega Ratio Rank: 88
ILIT Calmar Ratio Rank: 97
ILIT Martin Ratio Rank: 93

NOIEX

NOIEX Risk / Return Rank: 50
NOIEX Sharpe Ratio Rank: 48
NOIEX Sortino Ratio Rank: 55
NOIEX Omega Ratio Rank: 59
NOIEX Calmar Ratio Rank: 41
NOIEX Martin Ratio Rank: 50

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.

ILIT vs. NOIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Lithium Miners And Producers ETF (ILIT) 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.

	ILIT	NOIEX	Difference
Sharpe ratio Return per unit of total volatility	2.37	0.92	+1.45
Sortino ratio Return per unit of downside risk	2.92	1.45	+1.48
Omega ratio Gain probability vs. loss probability	1.35	1.22	+0.13
Calmar ratio Return relative to maximum drawdown	4.85	1.05	+3.80
Martin ratio Return relative to average drawdown	13.48	4.85	+8.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ILIT vs. NOIEX - Sharpe Ratio Comparison

The current ILIT Sharpe Ratio is 2.37, which is higher than the NOIEX Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ILIT and NOIEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ILIT	NOIEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	0.92	+1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	0.65	-0.86

Correlation

The correlation between ILIT and NOIEX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ILIT vs. NOIEX - Dividend Comparison

ILIT's dividend yield for the trailing twelve months is around 2.06%, less than NOIEX's 8.37% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILIT Ishares Lithium Miners And Producers ETF	2.06%	2.27%	6.48%	0.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOIEX Northern Income Equity Fund	8.37%	7.92%	6.11%	7.03%	5.44%	14.26%	7.67%	8.58%	15.73%	7.56%	3.02%	5.57%

Drawdowns

ILIT vs. NOIEX - Drawdown Comparison

The maximum ILIT drawdown since its inception was -73.69%, which is greater than NOIEX's maximum drawdown of -45.66%. Use the drawdown chart below to compare losses from any high point for ILIT and NOIEX.

Drawdown Indicators

	ILIT	NOIEX	Difference
Max Drawdown Largest peak-to-trough decline	-73.69%	-45.66%	-28.03%
Max Drawdown (1Y) Largest decline over 1 year	-22.86%	-12.41%	-10.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.31%	—
Current Drawdown Current decline from peak	-27.85%	-8.39%	-19.46%
Average Drawdown Average peak-to-trough decline	-47.87%	-5.01%	-42.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.22%	2.89%	+5.33%

Volatility

ILIT vs. NOIEX - Volatility Comparison

Ishares Lithium Miners And Producers ETF (ILIT) has a higher volatility of 15.03% compared to Northern Income Equity Fund (NOIEX) at 4.02%. This indicates that ILIT's price experiences larger fluctuations and is considered to be riskier than NOIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ILIT	NOIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.03%	4.02%	+11.01%
Volatility (6M) Calculated over the trailing 6-month period	37.65%	9.01%	+28.64%
Volatility (1Y) Calculated over the trailing 1-year period	49.81%	19.09%	+30.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.40%	16.32%	+25.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.40%	17.92%	+23.48%