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NOBOX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NOBOX and BND is -0.16. 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.


Performance

NOBOX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Bond Index Fund (NOBOX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

NOBOX:

0.87

BND:

0.96

Sortino Ratio

NOBOX:

1.26

BND:

1.33

Omega Ratio

NOBOX:

1.15

BND:

1.16

Calmar Ratio

NOBOX:

0.37

BND:

0.38

Martin Ratio

NOBOX:

2.11

BND:

2.33

Ulcer Index

NOBOX:

2.17%

BND:

2.08%

Daily Std Dev

NOBOX:

5.46%

BND:

5.30%

Max Drawdown

NOBOX:

-18.64%

BND:

-18.84%

Current Drawdown

NOBOX:

-7.82%

BND:

-7.71%

Returns By Period

In the year-to-date period, NOBOX achieves a 1.35% return, which is significantly lower than BND's 1.82% return. Over the past 10 years, NOBOX has underperformed BND with an annualized return of 1.32%, while BND has yielded a comparatively higher 1.41% annualized return.


NOBOX

YTD

1.35%

1M

0.44%

6M

0.62%

1Y

4.70%

5Y*

-1.02%

10Y*

1.32%

BND

YTD

1.82%

1M

0.70%

6M

1.61%

1Y

5.03%

5Y*

-1.00%

10Y*

1.41%

*Annualized

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NOBOX vs. BND - Expense Ratio Comparison

NOBOX has a 0.07% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Risk-Adjusted Performance

NOBOX vs. BND — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NOBOX
The Risk-Adjusted Performance Rank of NOBOX is 6363
Overall Rank
The Sharpe Ratio Rank of NOBOX is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of NOBOX is 7373
Sortino Ratio Rank
The Omega Ratio Rank of NOBOX is 6363
Omega Ratio Rank
The Calmar Ratio Rank of NOBOX is 4949
Calmar Ratio Rank
The Martin Ratio Rank of NOBOX is 5757
Martin Ratio Rank

BND
The Risk-Adjusted Performance Rank of BND is 6565
Overall Rank
The Sharpe Ratio Rank of BND is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of BND is 7575
Sortino Ratio Rank
The Omega Ratio Rank of BND is 6666
Omega Ratio Rank
The Calmar Ratio Rank of BND is 4343
Calmar Ratio Rank
The Martin Ratio Rank of BND is 6060
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NOBOX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Bond Index Fund (NOBOX) and Vanguard Total Bond Market ETF (BND). 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.


The current NOBOX Sharpe Ratio is 0.87, which is comparable to the BND Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of NOBOX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

NOBOX vs. BND - Dividend Comparison

NOBOX's dividend yield for the trailing twelve months is around 3.86%, more than BND's 3.77% yield.


TTM20242023202220212020201920182017201620152014
NOBOX
Northern Bond Index Fund
3.86%3.74%3.20%2.76%2.10%2.35%2.83%2.82%2.77%2.74%2.69%4.19%
BND
Vanguard Total Bond Market ETF
3.77%3.67%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%

Drawdowns

NOBOX vs. BND - Drawdown Comparison

The maximum NOBOX drawdown since its inception was -18.64%, roughly equal to the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for NOBOX and BND. For additional features, visit the drawdowns tool.


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Volatility

NOBOX vs. BND - Volatility Comparison

Northern Bond Index Fund (NOBOX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.50% and 1.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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