NMIEX vs. PZRIX
Compare and contrast key facts about Northern Active M International Equity Fund (NMIEX) and PIMCO RAE Global ex-US Fund (PZRIX).
NMIEX is managed by Northern Funds. It was launched on Jun 22, 2006. PZRIX is managed by PIMCO. It was launched on Jun 4, 2015.
Performance
NMIEX vs. PZRIX - Performance Comparison
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NMIEX vs. PZRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMIEX Northern Active M International Equity Fund | -0.08% | 34.98% | 4.43% | 20.82% | -17.17% | 14.41% | 11.70% | 22.93% | -13.76% | 29.06% |
PZRIX PIMCO RAE Global ex-US Fund | 9.93% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Returns By Period
In the year-to-date period, NMIEX achieves a -0.08% return, which is significantly lower than PZRIX's 9.93% return. Over the past 10 years, NMIEX has underperformed PZRIX with an annualized return of 9.55%, while PZRIX has yielded a comparatively higher 10.15% annualized return.
NMIEX
- 1D
- 2.62%
- 1M
- -8.17%
- YTD
- -0.08%
- 6M
- 2.71%
- 1Y
- 24.32%
- 3Y*
- 15.62%
- 5Y*
- 8.64%
- 10Y*
- 9.55%
PZRIX
- 1D
- 1.89%
- 1M
- -4.32%
- YTD
- 9.93%
- 6M
- 17.91%
- 1Y
- 37.11%
- 3Y*
- 19.65%
- 5Y*
- 10.81%
- 10Y*
- 10.15%
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NMIEX vs. PZRIX - Expense Ratio Comparison
NMIEX has a 0.84% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Return for Risk
NMIEX vs. PZRIX — Risk / Return Rank
NMIEX
PZRIX
NMIEX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Active M International Equity Fund (NMIEX) and PIMCO RAE Global ex-US Fund (PZRIX). 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.
| NMIEX | PZRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 2.67 | -1.16 |
Sortino ratioReturn per unit of downside risk | 2.05 | 3.39 | -1.35 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.52 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.09 | -1.55 |
Martin ratioReturn relative to average drawdown | 6.18 | 14.29 | -8.11 |
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
| NMIEX | PZRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.67 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.69 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.60 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.59 | -0.32 |
Correlation
The correlation between NMIEX and PZRIX is 0.90, 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
NMIEX vs. PZRIX - Dividend Comparison
NMIEX's dividend yield for the trailing twelve months is around 10.44%, more than PZRIX's 5.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMIEX Northern Active M International Equity Fund | 10.44% | 10.43% | 14.92% | 6.95% | 1.53% | 10.42% | 0.80% | 5.83% | 6.65% | 1.34% | 1.73% | 0.75% |
PZRIX PIMCO RAE Global ex-US Fund | 5.96% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Drawdowns
NMIEX vs. PZRIX - Drawdown Comparison
The maximum NMIEX drawdown since its inception was -55.92%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for NMIEX and PZRIX.
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Drawdown Indicators
| NMIEX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.92% | -43.53% | -12.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -10.68% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -31.54% | -30.85% | -0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -36.63% | -43.53% | +6.90% |
Current DrawdownCurrent decline from peak | -9.78% | -5.20% | -4.58% |
Average DrawdownAverage peak-to-trough decline | -12.97% | -9.00% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.45% | +0.93% |
Volatility
NMIEX vs. PZRIX - Volatility Comparison
Northern Active M International Equity Fund (NMIEX) has a higher volatility of 7.09% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 5.45%. This indicates that NMIEX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMIEX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 5.45% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 8.92% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.77% | 14.17% | +2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 15.85% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 17.02% | -0.17% |