NMMEX vs. NOBOX
Compare and contrast key facts about Northern Active M Emerging Market Equity Fund (NMMEX) and Northern Bond Index Fund (NOBOX).
NMMEX is managed by Northern Funds. It was launched on Nov 18, 2008. NOBOX is managed by Northern Funds. It was launched on Feb 27, 2007.
Performance
NMMEX vs. NOBOX - Performance Comparison
Loading graphics...
NMMEX vs. NOBOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMMEX Northern Active M Emerging Market Equity Fund | 2.57% | 34.16% | 6.63% | 12.12% | -22.33% | -1.22% | 18.85% | 16.26% | -14.90% | 35.41% |
NOBOX Northern Bond Index Fund | -0.24% | 6.14% | 0.82% | 4.86% | -13.84% | -2.10% | 7.20% | 8.73% | -0.17% | 3.60% |
Returns By Period
In the year-to-date period, NMMEX achieves a 2.57% return, which is significantly higher than NOBOX's -0.24% return. Over the past 10 years, NMMEX has outperformed NOBOX with an annualized return of 7.95%, while NOBOX has yielded a comparatively lower 1.21% annualized return.
NMMEX
- 1D
- -0.75%
- 1M
- -13.81%
- YTD
- 2.57%
- 6M
- 8.00%
- 1Y
- 35.05%
- 3Y*
- 16.02%
- 5Y*
- 4.39%
- 10Y*
- 7.95%
NOBOX
- 1D
- 0.44%
- 1M
- -2.03%
- YTD
- -0.24%
- 6M
- 0.78%
- 1Y
- 4.05%
- 3Y*
- 2.81%
- 5Y*
- -0.46%
- 10Y*
- 1.21%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NMMEX vs. NOBOX - Expense Ratio Comparison
NMMEX has a 1.10% expense ratio, which is higher than NOBOX's 0.07% expense ratio.
Return for Risk
NMMEX vs. NOBOX — Risk / Return Rank
NMMEX
NOBOX
NMMEX vs. NOBOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Active M Emerging Market Equity Fund (NMMEX) and Northern Bond Index Fund (NOBOX). 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.
| NMMEX | NOBOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.95 | 0.94 | +1.01 |
Sortino ratioReturn per unit of downside risk | 2.52 | 1.40 | +1.13 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.17 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.61 | +0.65 |
Martin ratioReturn relative to average drawdown | 8.79 | 4.70 | +4.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NMMEX | NOBOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 0.94 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | -0.08 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.24 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.59 | -0.18 |
Correlation
The correlation between NMMEX and NOBOX is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
NMMEX vs. NOBOX - Dividend Comparison
NMMEX's dividend yield for the trailing twelve months is around 1.88%, less than NOBOX's 3.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMMEX Northern Active M Emerging Market Equity Fund | 1.88% | 1.93% | 0.80% | 1.82% | 0.89% | 29.82% | 6.99% | 8.34% | 0.99% | 0.00% | 1.90% | 4.46% |
NOBOX Northern Bond Index Fund | 3.98% | 2.88% | 3.46% | 2.63% | 1.53% | 2.10% | 3.12% | 3.18% | 2.80% | 2.77% | 2.45% | 2.61% |
Drawdowns
NMMEX vs. NOBOX - Drawdown Comparison
The maximum NMMEX drawdown since its inception was -44.64%, which is greater than NOBOX's maximum drawdown of -20.03%. Use the drawdown chart below to compare losses from any high point for NMMEX and NOBOX.
Loading graphics...
Drawdown Indicators
| NMMEX | NOBOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.64% | -20.03% | -24.61% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -2.80% | -11.45% |
Max Drawdown (5Y)Largest decline over 5 years | -44.64% | -19.15% | -25.49% |
Max Drawdown (10Y)Largest decline over 10 years | -44.64% | -20.03% | -24.61% |
Current DrawdownCurrent decline from peak | -14.25% | -6.19% | -8.06% |
Average DrawdownAverage peak-to-trough decline | -15.14% | -3.52% | -11.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 0.96% | +2.70% |
Volatility
NMMEX vs. NOBOX - Volatility Comparison
Northern Active M Emerging Market Equity Fund (NMMEX) has a higher volatility of 8.13% compared to Northern Bond Index Fund (NOBOX) at 1.62%. This indicates that NMMEX's price experiences larger fluctuations and is considered to be riskier than NOBOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NMMEX | NOBOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 1.62% | +6.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 2.87% | +10.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.85% | 4.60% | +13.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.26% | 6.07% | +17.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 5.01% | +16.31% |