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.
Performance
NMFIX vs. DGRO - Performance Comparison
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NMFIX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMFIX Northern Multi-Manager Global Listed Infrastructure Fund | 7.82% | 23.11% | 1.74% | 6.62% | -7.21% | 13.68% | -2.59% | 24.34% | -10.26% | 22.17% |
DGRO iShares Core Dividend Growth ETF | 1.60% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Returns By Period
In the year-to-date period, NMFIX achieves a 7.82% return, which is significantly higher than DGRO's 1.60% return. Over the past 10 years, NMFIX has underperformed DGRO with an annualized return of 7.63%, while DGRO has yielded a comparatively higher 12.81% annualized return.
NMFIX
- 1D
- 0.97%
- 1M
- -4.53%
- YTD
- 7.82%
- 6M
- 10.59%
- 1Y
- 23.48%
- 3Y*
- 11.51%
- 5Y*
- 7.99%
- 10Y*
- 7.63%
DGRO
- 1D
- 0.03%
- 1M
- -4.46%
- YTD
- 1.60%
- 6M
- 3.88%
- 1Y
- 16.44%
- 3Y*
- 14.60%
- 5Y*
- 10.14%
- 10Y*
- 12.81%
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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.
Return for Risk
NMFIX vs. DGRO — Risk / Return Rank
NMFIX
DGRO
NMFIX vs. DGRO - Risk-Adjusted Trends 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.
| NMFIX | DGRO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 1.14 | +0.52 |
Sortino ratioReturn per unit of downside risk | 2.35 | 1.66 | +0.69 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 3.16 | 1.48 | +1.68 |
Martin ratioReturn relative to average drawdown | 12.53 | 6.80 | +5.73 |
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
| NMFIX | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.14 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.74 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.77 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.73 | -0.21 |
Correlation
The correlation between NMFIX and DGRO is 0.71, 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
NMFIX vs. DGRO - Dividend Comparison
NMFIX's dividend yield for the trailing twelve months is around 5.63%, more than DGRO's 2.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMFIX Northern Multi-Manager Global Listed Infrastructure Fund | 5.63% | 6.03% | 3.82% | 2.78% | 3.98% | 10.13% | 2.11% | 2.47% | 10.33% | 7.71% | 2.53% | 2.01% |
DGRO iShares Core Dividend Growth ETF | 2.10% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
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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Drawdown Indicators
| NMFIX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.93% | -35.10% | +0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.81% | -10.92% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | -19.31% | -3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -34.93% | -35.10% | +0.17% |
Current DrawdownCurrent decline from peak | -4.84% | -4.70% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -3.48% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.37% | -0.40% |
Volatility
NMFIX vs. DGRO - Volatility Comparison
Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) has a higher volatility of 4.02% compared to iShares Core Dividend Growth ETF (DGRO) at 3.57%. This indicates that NMFIX's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMFIX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 3.57% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 7.21% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 14.47% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.73% | 13.84% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 16.63% | -1.19% |