NMMEX vs. TEQLX
Compare and contrast key facts about Northern Active M Emerging Market Equity Fund (NMMEX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX).
NMMEX is managed by Northern Funds. It was launched on Nov 18, 2008. TEQLX is managed by TIAA Investments. It was launched on Aug 30, 2010.
Performance
NMMEX vs. TEQLX - Performance Comparison
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NMMEX vs. TEQLX - 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% |
TEQLX TIAA-CREF Emerging Markets Equity Index Fund | 0.14% | 34.10% | 6.71% | 9.23% | -20.22% | -3.07% | 17.67% | 18.59% | -14.60% | 37.47% |
Returns By Period
In the year-to-date period, NMMEX achieves a 2.57% return, which is significantly higher than TEQLX's 0.14% return. Both investments have delivered pretty close results over the past 10 years, with NMMEX having a 7.95% annualized return and TEQLX not far behind at 7.64%.
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%
TEQLX
- 1D
- -0.99%
- 1M
- -12.40%
- YTD
- 0.14%
- 6M
- 4.58%
- 1Y
- 29.14%
- 3Y*
- 14.46%
- 5Y*
- 3.30%
- 10Y*
- 7.64%
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NMMEX vs. TEQLX - Expense Ratio Comparison
NMMEX has a 1.10% expense ratio, which is higher than TEQLX's 0.19% expense ratio.
Return for Risk
NMMEX vs. TEQLX — Risk / Return Rank
NMMEX
TEQLX
NMMEX vs. TEQLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Active M Emerging Market Equity Fund (NMMEX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX). 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 | TEQLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.95 | 1.65 | +0.31 |
Sortino ratioReturn per unit of downside risk | 2.52 | 2.17 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.03 | +0.23 |
Martin ratioReturn relative to average drawdown | 8.79 | 7.82 | +0.97 |
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
| NMMEX | TEQLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 1.65 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.20 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.44 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.26 | +0.15 |
Correlation
The correlation between NMMEX and TEQLX is 0.96, 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
NMMEX vs. TEQLX - Dividend Comparison
NMMEX's dividend yield for the trailing twelve months is around 1.88%, less than TEQLX's 2.82% 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% |
TEQLX TIAA-CREF Emerging Markets Equity Index Fund | 2.82% | 2.83% | 2.93% | 3.08% | 2.51% | 2.27% | 2.04% | 2.77% | 2.43% | 1.98% | 1.88% | 2.40% |
Drawdowns
NMMEX vs. TEQLX - Drawdown Comparison
The maximum NMMEX drawdown since its inception was -44.64%, which is greater than TEQLX's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for NMMEX and TEQLX.
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Drawdown Indicators
| NMMEX | TEQLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.64% | -39.33% | -5.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -13.32% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -44.64% | -37.14% | -7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -44.64% | -39.33% | -5.31% |
Current DrawdownCurrent decline from peak | -14.25% | -13.32% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -15.14% | -14.74% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 3.45% | +0.21% |
Volatility
NMMEX vs. TEQLX - Volatility Comparison
The current volatility for Northern Active M Emerging Market Equity Fund (NMMEX) is 8.13%, while TIAA-CREF Emerging Markets Equity Index Fund (TEQLX) has a volatility of 8.59%. This indicates that NMMEX experiences smaller price fluctuations and is considered to be less risky than TEQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMMEX | TEQLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 8.59% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 13.30% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.85% | 17.53% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.26% | 16.49% | +6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 17.44% | +3.88% |