NOBOX vs. NOIEX
Compare and contrast key facts about Northern Bond Index Fund (NOBOX) and Northern Income Equity Fund (NOIEX).
NOBOX is managed by Northern Funds. It was launched on Feb 27, 2007. NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994.
Performance
NOBOX vs. NOIEX - Performance Comparison
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NOBOX vs. NOIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
NOIEX Northern Income Equity Fund | -1.97% | 18.81% | 24.28% | 19.56% | -13.34% | 27.96% | 11.03% | 27.04% | -6.62% | 20.22% |
Returns By Period
In the year-to-date period, NOBOX achieves a -0.24% return, which is significantly higher than NOIEX's -1.97% return. Over the past 10 years, NOBOX has underperformed NOIEX with an annualized return of 1.21%, while NOIEX has yielded a comparatively higher 12.56% annualized return.
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%
NOIEX
- 1D
- 2.75%
- 1M
- -5.02%
- YTD
- -1.97%
- 6M
- 0.36%
- 1Y
- 19.24%
- 3Y*
- 18.41%
- 5Y*
- 12.13%
- 10Y*
- 12.56%
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NOBOX vs. NOIEX - Expense Ratio Comparison
NOBOX has a 0.07% expense ratio, which is lower than NOIEX's 0.49% expense ratio.
Return for Risk
NOBOX vs. NOIEX — Risk / Return Rank
NOBOX
NOIEX
NOBOX vs. NOIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Bond Index Fund (NOBOX) and Northern Income Equity Fund (NOIEX). 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 | NOIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.04 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.62 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.35 | +0.25 |
Martin ratioReturn relative to average drawdown | 4.70 | 6.27 | -1.57 |
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 | NOIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.04 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.75 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.70 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.66 | -0.07 |
Correlation
The correlation between NOBOX and NOIEX is -0.17. 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
NOBOX vs. NOIEX - Dividend Comparison
NOBOX's dividend yield for the trailing twelve months is around 3.98%, less than NOIEX's 8.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NOIEX Northern Income Equity Fund | 8.14% | 7.92% | 6.11% | 7.03% | 5.44% | 14.26% | 7.67% | 8.58% | 15.73% | 7.56% | 3.02% | 5.57% |
Drawdowns
NOBOX vs. NOIEX - Drawdown Comparison
The maximum NOBOX drawdown since its inception was -20.03%, smaller than the maximum NOIEX drawdown of -45.66%. Use the drawdown chart below to compare losses from any high point for NOBOX and NOIEX.
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Drawdown Indicators
| NOBOX | NOIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.03% | -45.66% | +25.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -12.41% | +9.61% |
Max Drawdown (5Y)Largest decline over 5 years | -19.15% | -21.89% | +2.74% |
Max Drawdown (10Y)Largest decline over 10 years | -20.03% | -35.31% | +15.28% |
Current DrawdownCurrent decline from peak | -6.19% | -5.87% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -5.01% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 2.75% | -1.79% |
Volatility
NOBOX vs. NOIEX - Volatility Comparison
The current volatility for Northern Bond Index Fund (NOBOX) is 1.62%, while Northern Income Equity Fund (NOIEX) has a volatility of 5.04%. This indicates that NOBOX experiences smaller price fluctuations and is considered to be less risky than NOIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOBOX | NOIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 5.04% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 9.39% | -6.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 19.24% | -14.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 16.37% | -10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 17.94% | -12.93% |