NOCBX vs. CEMB
Compare and contrast key facts about Northern Core Bond Fund (NOCBX) and iShares J.P. Morgan EM Corporate Bond ETF (CEMB).
NOCBX is managed by Northern Funds. It was launched on Mar 29, 2001. CEMB is a passively managed fund by iShares that tracks the performance of the JP Morgan CEMBI Broad Diversified. It was launched on Apr 17, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOCBX or CEMB.
Key characteristics
| NOCBX | CEMB | |
|---|---|---|
| YTD Return | 1.56% | 6.14% |
| 1Y Return | 6.95% | 11.77% |
| 3Y Return (Ann) | -2.39% | 0.29% |
| 5Y Return (Ann) | -0.59% | 1.64% |
| 10Y Return (Ann) | 1.01% | 3.20% |
| Sharpe Ratio | 1.37 | 3.03 |
| Sortino Ratio | 1.98 | 4.71 |
| Omega Ratio | 1.24 | 1.63 |
| Calmar Ratio | 0.51 | 1.08 |
| Martin Ratio | 4.97 | 20.42 |
| Ulcer Index | 1.65% | 0.62% |
| Daily Std Dev | 5.99% | 4.18% |
| Max Drawdown | -20.21% | -20.84% |
| Current Drawdown | -9.86% | -1.59% |
Correlation
The correlation between NOCBX and CEMB is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NOCBX vs. CEMB - Performance Comparison
In the year-to-date period, NOCBX achieves a 1.56% return, which is significantly lower than CEMB's 6.14% return. Over the past 10 years, NOCBX has underperformed CEMB with an annualized return of 1.01%, while CEMB has yielded a comparatively higher 3.20% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NOCBX vs. CEMB - Expense Ratio Comparison
NOCBX has a 0.42% expense ratio, which is lower than CEMB's 0.50% expense ratio.
Risk-Adjusted Performance
NOCBX vs. CEMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Core Bond Fund (NOCBX) and iShares J.P. Morgan EM Corporate Bond ETF (CEMB). 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.
Dividends
NOCBX vs. CEMB - Dividend Comparison
NOCBX's dividend yield for the trailing twelve months is around 4.09%, less than CEMB's 5.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOCBX Northern Core Bond Fund | 4.09% | 3.64% | 2.87% | 1.72% | 1.97% | 2.67% | 3.06% | 2.90% | 2.19% | 2.40% | 2.17% | 2.63% |
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 5.07% | 4.77% | 4.28% | 3.51% | 3.86% | 4.19% | 4.66% | 4.06% | 4.25% | 4.76% | 4.23% | 3.93% |
Drawdowns
NOCBX vs. CEMB - Drawdown Comparison
The maximum NOCBX drawdown since its inception was -20.21%, roughly equal to the maximum CEMB drawdown of -20.84%. Use the drawdown chart below to compare losses from any high point for NOCBX and CEMB. For additional features, visit the drawdowns tool.
Volatility
NOCBX vs. CEMB - Volatility Comparison
Northern Core Bond Fund (NOCBX) has a higher volatility of 1.72% compared to iShares J.P. Morgan EM Corporate Bond ETF (CEMB) at 1.16%. This indicates that NOCBX's price experiences larger fluctuations and is considered to be riskier than CEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.