NCLEX vs. NSEIX
Compare and contrast key facts about Nicholas Limited Edition Fund (NCLEX) and Nicholas Equity Income Fund (NSEIX).
NCLEX is managed by Nicholas. It was launched on May 18, 1987. NSEIX is managed by Nicholas. It was launched on Nov 23, 1993.
Performance
NCLEX vs. NSEIX - Performance Comparison
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NCLEX vs. NSEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCLEX Nicholas Limited Edition Fund | -14.46% | -10.41% | 11.91% | 17.17% | -23.71% | 19.07% | 22.67% | 27.36% | -0.94% | 19.93% |
NSEIX Nicholas Equity Income Fund | -0.77% | 13.80% | 9.97% | 7.87% | -6.90% | 24.76% | 5.60% | 30.29% | -4.48% | 12.42% |
Returns By Period
In the year-to-date period, NCLEX achieves a -14.46% return, which is significantly lower than NSEIX's -0.77% return. Over the past 10 years, NCLEX has underperformed NSEIX with an annualized return of 6.64%, while NSEIX has yielded a comparatively higher 9.67% annualized return.
NCLEX
- 1D
- 0.09%
- 1M
- -9.57%
- YTD
- -14.46%
- 6M
- -16.84%
- 1Y
- -16.93%
- 3Y*
- -2.12%
- 5Y*
- -2.31%
- 10Y*
- 6.64%
NSEIX
- 1D
- -0.23%
- 1M
- -7.03%
- YTD
- -0.77%
- 6M
- -1.01%
- 1Y
- 12.76%
- 3Y*
- 10.31%
- 5Y*
- 7.36%
- 10Y*
- 9.67%
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NCLEX vs. NSEIX - Expense Ratio Comparison
NCLEX has a 0.85% expense ratio, which is higher than NSEIX's 0.70% expense ratio.
Return for Risk
NCLEX vs. NSEIX — Risk / Return Rank
NCLEX
NSEIX
NCLEX vs. NSEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Limited Edition Fund (NCLEX) and Nicholas Equity Income Fund (NSEIX). 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.
| NCLEX | NSEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.87 | 0.93 | -1.80 |
Sortino ratioReturn per unit of downside risk | -1.20 | 1.43 | -2.63 |
Omega ratioGain probability vs. loss probability | 0.86 | 1.21 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | -0.87 | 1.19 | -2.07 |
Martin ratioReturn relative to average drawdown | -2.41 | 4.73 | -7.14 |
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
| NCLEX | NSEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | 0.93 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.54 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.61 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.56 | -0.06 |
Correlation
The correlation between NCLEX and NSEIX is 0.80, 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
NCLEX vs. NSEIX - Dividend Comparison
NCLEX's dividend yield for the trailing twelve months is around 8.81%, less than NSEIX's 10.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCLEX Nicholas Limited Edition Fund | 8.81% | 7.53% | 2.51% | 2.43% | 6.22% | 16.44% | 5.10% | 5.66% | 10.72% | 7.97% | 10.68% | 8.05% |
NSEIX Nicholas Equity Income Fund | 10.94% | 10.85% | 4.03% | 4.28% | 3.92% | 11.53% | 1.97% | 13.05% | 17.55% | 6.83% | 3.85% | 7.26% |
Drawdowns
NCLEX vs. NSEIX - Drawdown Comparison
The maximum NCLEX drawdown since its inception was -48.68%, roughly equal to the maximum NSEIX drawdown of -48.12%. Use the drawdown chart below to compare losses from any high point for NCLEX and NSEIX.
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Drawdown Indicators
| NCLEX | NSEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.68% | -48.12% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -21.36% | -10.52% | -10.84% |
Max Drawdown (5Y)Largest decline over 5 years | -28.50% | -18.98% | -9.52% |
Max Drawdown (10Y)Largest decline over 10 years | -35.79% | -33.47% | -2.32% |
Current DrawdownCurrent decline from peak | -28.44% | -7.30% | -21.14% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -5.83% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 2.65% | +5.09% |
Volatility
NCLEX vs. NSEIX - Volatility Comparison
Nicholas Limited Edition Fund (NCLEX) has a higher volatility of 4.65% compared to Nicholas Equity Income Fund (NSEIX) at 3.12%. This indicates that NCLEX's price experiences larger fluctuations and is considered to be riskier than NSEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCLEX | NSEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 3.12% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.19% | 7.29% | +4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.69% | 14.89% | +4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.46% | 13.71% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 15.93% | +3.22% |