Correlation
The correlation between NMFIX and DGRO is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
NMFIX vs. DGRO
Compare and contrast key facts about Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) and iShares Core Dividend Growth ETF (DGRO).
NMFIX is managed by Northern Funds. It was launched on Sep 17, 2012. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NMFIX or DGRO.
Performance
NMFIX vs. DGRO - Performance Comparison
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Key characteristics
NMFIX:
1.21
DGRO:
0.78
NMFIX:
1.44
DGRO:
1.12
NMFIX:
1.20
DGRO:
1.16
NMFIX:
1.14
DGRO:
0.79
NMFIX:
2.85
DGRO:
3.10
NMFIX:
4.79%
DGRO:
3.57%
NMFIX:
13.01%
DGRO:
15.20%
NMFIX:
-34.93%
DGRO:
-35.10%
NMFIX:
-0.52%
DGRO:
-3.30%
Returns By Period
In the year-to-date period, NMFIX achieves a 13.74% return, which is significantly higher than DGRO's 1.76% return. Over the past 10 years, NMFIX has underperformed DGRO with an annualized return of 3.68%, while DGRO has yielded a comparatively higher 11.38% annualized return.
NMFIX
13.74%
2.54%
6.04%
15.55%
4.10%
5.11%
3.68%
DGRO
1.76%
3.28%
-3.30%
11.82%
9.13%
13.13%
11.38%
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NMFIX vs. DGRO - Expense Ratio Comparison
NMFIX has a 0.96% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
NMFIX vs. DGRO — Risk-Adjusted Performance Rank
NMFIX
DGRO
NMFIX vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) and iShares Core Dividend Growth ETF (DGRO). 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.
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Dividends
NMFIX vs. DGRO - Dividend Comparison
NMFIX's dividend yield for the trailing twelve months is around 3.20%, more than DGRO's 2.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMFIX Northern Multi-Manager Global Listed Infrastructure Fund | 3.20% | 3.82% | 2.78% | 3.98% | 10.13% | 2.11% | 2.47% | 10.33% | 7.71% | 2.53% | 2.01% | 5.73% |
DGRO iShares Core Dividend Growth ETF | 2.23% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
NMFIX vs. DGRO - Drawdown Comparison
The maximum NMFIX drawdown since its inception was -34.93%, roughly equal to the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for NMFIX and DGRO.
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Volatility
NMFIX vs. DGRO - Volatility Comparison
The current volatility for Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) is 2.76%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 4.35%. This indicates that NMFIX experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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