NOBOX vs. NCATX
Compare and contrast key facts about Northern Bond Index Fund (NOBOX) and Northern California Tax Exempt Fund (NCATX).
NOBOX is managed by Northern Funds. It was launched on Feb 27, 2007. NCATX is managed by Northern Funds. It was launched on Apr 7, 1997.
Performance
NOBOX vs. NCATX - Performance Comparison
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NOBOX vs. NCATX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOBOX Northern Bond Index Fund | -0.03% | 6.14% | 0.82% | 4.86% | -13.84% | -2.10% | 7.20% | 8.73% | -0.17% | 3.60% |
NCATX Northern California Tax Exempt Fund | -0.08% | 3.65% | 1.89% | 5.74% | -11.26% | 0.74% | 4.85% | 7.67% | 1.00% | 4.97% |
Returns By Period
In the year-to-date period, NOBOX achieves a -0.03% return, which is significantly higher than NCATX's -0.08% return. Over the past 10 years, NOBOX has underperformed NCATX with an annualized return of 1.23%, while NCATX has yielded a comparatively higher 1.56% annualized return.
NOBOX
- 1D
- 0.22%
- 1M
- -1.40%
- YTD
- -0.03%
- 6M
- 0.78%
- 1Y
- 4.05%
- 3Y*
- 2.89%
- 5Y*
- -0.49%
- 10Y*
- 1.23%
NCATX
- 1D
- 0.29%
- 1M
- -1.90%
- YTD
- -0.08%
- 6M
- 1.34%
- 1Y
- 4.46%
- 3Y*
- 2.79%
- 5Y*
- 0.09%
- 10Y*
- 1.56%
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NOBOX vs. NCATX - Expense Ratio Comparison
NOBOX has a 0.07% expense ratio, which is lower than NCATX's 0.45% expense ratio.
Return for Risk
NOBOX vs. NCATX — Risk / Return Rank
NOBOX
NCATX
NOBOX vs. NCATX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Bond Index Fund (NOBOX) and Northern California Tax Exempt Fund (NCATX). 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.
| NOBOX | NCATX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.89 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.20 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.15 | +0.62 |
Martin ratioReturn relative to average drawdown | 5.14 | 4.50 | +0.64 |
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
| NOBOX | NCATX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.89 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.02 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.37 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.05 | -0.45 |
Correlation
The correlation between NOBOX and NCATX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NOBOX vs. NCATX - Dividend Comparison
NOBOX's dividend yield for the trailing twelve months is around 3.97%, more than NCATX's 3.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBOX Northern Bond Index Fund | 3.97% | 2.88% | 3.46% | 2.63% | 1.53% | 2.10% | 3.12% | 3.18% | 2.80% | 2.77% | 2.45% | 2.61% |
NCATX Northern California Tax Exempt Fund | 3.75% | 2.85% | 3.39% | 2.46% | 1.47% | 2.18% | 2.85% | 3.82% | 3.51% | 3.19% | 4.08% | 3.21% |
Drawdowns
NOBOX vs. NCATX - Drawdown Comparison
The maximum NOBOX drawdown since its inception was -20.03%, which is greater than NCATX's maximum drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for NOBOX and NCATX.
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Drawdown Indicators
| NOBOX | NCATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.03% | -16.55% | -3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -4.58% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -19.15% | -16.55% | -2.60% |
Max Drawdown (10Y)Largest decline over 10 years | -20.03% | -16.55% | -3.48% |
Current DrawdownCurrent decline from peak | -5.99% | -2.18% | -3.81% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -2.42% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.17% | -0.21% |
Volatility
NOBOX vs. NCATX - Volatility Comparison
Northern Bond Index Fund (NOBOX) has a higher volatility of 1.61% compared to Northern California Tax Exempt Fund (NCATX) at 0.96%. This indicates that NOBOX's price experiences larger fluctuations and is considered to be riskier than NCATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOBOX | NCATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 0.96% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 1.71% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 5.42% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 4.10% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 4.24% | +0.77% |