LSAF vs. NOIEX
Compare and contrast key facts about LeaderShares AlphaFactor US Core Equity ETF (LSAF) and Northern Income Equity Fund (NOIEX).
LSAF is a passively managed fund by Redwood that tracks the performance of the AlphaFactor US Core Equity Index. It was launched on Oct 2, 2018. NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994.
Performance
LSAF vs. NOIEX - Performance Comparison
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LSAF vs. NOIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LSAF LeaderShares AlphaFactor US Core Equity ETF | 2.56% | 12.01% | 18.09% | 15.48% | -13.12% | 22.75% | 6.92% | 28.35% | -15.47% |
NOIEX Northern Income Equity Fund | -1.97% | 18.81% | 24.28% | 19.56% | -13.34% | 27.96% | 11.03% | 27.04% | -14.03% |
Returns By Period
In the year-to-date period, LSAF achieves a 2.56% return, which is significantly higher than NOIEX's -1.97% return.
LSAF
- 1D
- 0.73%
- 1M
- -2.81%
- YTD
- 2.56%
- 6M
- 4.93%
- 1Y
- 17.11%
- 3Y*
- 15.71%
- 5Y*
- 8.83%
- 10Y*
- —
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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LSAF vs. NOIEX - Expense Ratio Comparison
LSAF has a 0.75% expense ratio, which is higher than NOIEX's 0.49% expense ratio.
Return for Risk
LSAF vs. NOIEX — Risk / Return Rank
LSAF
NOIEX
LSAF vs. NOIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LeaderShares AlphaFactor US Core Equity ETF (LSAF) 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.
| LSAF | NOIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.04 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.62 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.35 | +0.02 |
Martin ratioReturn relative to average drawdown | 6.21 | 6.27 | -0.06 |
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
| LSAF | NOIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.04 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.75 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.66 | -0.24 |
Correlation
The correlation between LSAF and NOIEX is 0.86, 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
LSAF vs. NOIEX - Dividend Comparison
LSAF's dividend yield for the trailing twelve months is around 0.67%, less than NOIEX's 8.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSAF LeaderShares AlphaFactor US Core Equity ETF | 0.67% | 0.69% | 0.42% | 0.84% | 0.96% | 0.37% | 0.53% | 0.71% | 0.20% | 0.00% | 0.00% | 0.00% |
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
LSAF vs. NOIEX - Drawdown Comparison
The maximum LSAF drawdown since its inception was -41.67%, smaller than the maximum NOIEX drawdown of -45.66%. Use the drawdown chart below to compare losses from any high point for LSAF and NOIEX.
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Drawdown Indicators
| LSAF | NOIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -45.66% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.96% | -12.41% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | -21.89% | -3.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.31% | — |
Current DrawdownCurrent decline from peak | -3.72% | -5.87% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -5.01% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.75% | +0.12% |
Volatility
LSAF vs. NOIEX - Volatility Comparison
LeaderShares AlphaFactor US Core Equity ETF (LSAF) and Northern Income Equity Fund (NOIEX) have volatilities of 4.94% and 5.04%, 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.
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Volatility by Period
| LSAF | NOIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 5.04% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 9.39% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 19.24% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 16.37% | +2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.03% | 17.94% | +4.09% |