NCLEX vs. OBMCX
NCLEX (Nicholas Limited Edition Fund) and OBMCX (Oberweis Micro Cap Fund) are both Small Cap Growth Equities funds. Over the past 10 years, NCLEX returned 7.50%/yr vs 20.12%/yr for OBMCX. Their correlation of 0.80 means they have usually moved in the same direction. NCLEX charges 0.85%/yr vs 1.48%/yr for OBMCX.
Performance
NCLEX vs. OBMCX - Performance Comparison
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Returns By Period
Over the past 10 years, NCLEX has underperformed OBMCX with an annualized return of 7.50%, while OBMCX has yielded a comparatively higher 20.12% annualized return.
NCLEX
- 1D
- -1.13%
- 1M
- 0.20%
- 6M
- 0.08%
- YTD
- 0.00%
- 1Y
- -2.29%
- 3Y*
- 0.57%
- 5Y*
- -0.61%
- 10Y*
- 7.50%
- ALL TIME*
- 9.15%
OBMCX
- 1D
- 5.04%
- 1M
- -6.99%
- 6M
- 28.25%
- YTD
- 35.57%
- 1Y
- 52.75%
- 3Y*
- 22.46%
- 5Y*
- 18.01%
- 10Y*
- 20.12%
- ALL TIME*
- 11.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NCLEX vs. OBMCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCLEX Nicholas Limited Edition Fund | 0.00% | -10.41% | 11.91% | 17.17% | -23.71% | 19.07% | 22.67% | 27.36% | -0.94% | 19.93% |
OBMCX Oberweis Micro Cap Fund | 35.57% | 14.70% | 22.82% | 18.87% | -10.57% | 53.20% | 29.91% | 21.94% | -12.04% | 27.90% |
Correlation
The correlation between NCLEX and OBMCX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 1996 | 0.80 |
Over the past year, the correlation between NCLEX and OBMCX has dropped to 0.47 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
NCLEX vs. OBMCX — Risk / Return Rank
NCLEX
OBMCX
NCLEX vs. OBMCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Limited Edition Fund (NCLEX) and Oberweis Micro Cap Fund (OBMCX). 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.
| NCLEX | OBMCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.30 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.99 | -3.25 |
| Martin ratioReturn relative to average drawdown | -0.51 | 12.18 | -12.69 |
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Drawdowns
NCLEX vs. OBMCX - Drawdown Comparison
The maximum NCLEX drawdown since its inception was -48.68%, smaller than the maximum OBMCX drawdown of -68.24%. Use the drawdown chart below to compare losses from any high point for NCLEX and OBMCX.
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Drawdown Indicators
| NCLEX | OBMCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.68% | -68.24% | +19.56% |
Max Drawdown (1Y)Largest decline over 1 year | -20.88% | -17.19% | -3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -28.50% | -28.11% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -28.50% | -28.11% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -35.79% | -50.04% | +14.25% |
Current DrawdownCurrent decline from peak | -16.34% | -13.01% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -16.36% | +8.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.65% | 4.21% | +6.44% |
Volatility
NCLEX vs. OBMCX - Volatility Comparison
The current volatility for Nicholas Limited Edition Fund (NCLEX) is 4.95%, while Oberweis Micro Cap Fund (OBMCX) has a volatility of 11.67%. This indicates that NCLEX experiences smaller price fluctuations and is considered to be less risky than OBMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCLEX | OBMCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 11.67% | -6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 23.58% | -10.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.31% | 28.71% | -11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 26.80% | -7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 26.25% | -7.03% |
NCLEX vs. OBMCX - Expense Ratio Comparison
NCLEX has a 0.85% expense ratio, which is lower than OBMCX's 1.48% expense ratio.
Dividends
NCLEX vs. OBMCX - Dividend Comparison
NCLEX's dividend yield for the trailing twelve months is around 7.53%, more than OBMCX's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCLEX Nicholas Limited Edition Fund | 7.53% | 7.53% | 2.51% | 2.43% | 6.22% | 16.44% | 5.10% | 5.66% | 10.72% | 7.97% | 10.68% | 8.05% |
OBMCX Oberweis Micro Cap Fund | 1.04% | 1.41% | 2.53% | 0.00% | 1.37% | 24.35% | 0.00% | 0.00% | 19.67% | 11.76% | 0.05% | 3.07% |
Frequently Asked Questions
NCLEX and OBMCX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OBMCX has higher volatility (11.67%) compared to NCLEX (4.95%). In terms of maximum drawdown, NCLEX dropped -48.68% vs OBMCX's -68.24%.
OBMCX currently has the higher Sharpe Ratio (1.79 vs -0.32), 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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