NOCBX vs. EAGG
NOCBX (Northern Core Bond Fund) and EAGG (iShares ESG Aware US Aggregate Bond ETF) are both Intermediate Core Bond funds. Over the past 5 years, NOCBX returned -1.26%/yr vs -0.37%/yr for EAGG. Their correlation of 0.91 means they have usually moved in the same direction. NOCBX charges 0.42%/yr vs 0.10%/yr for EAGG.
Performance
NOCBX vs. EAGG - Performance Comparison
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Returns By Period
In the year-to-date period, NOCBX achieves a -1.13% return, which is significantly lower than EAGG's 0.02% return.
NOCBX
- 1D
- 0.23%
- 1M
- -0.78%
- 6M
- -1.24%
- YTD
- -1.13%
- 1Y
- 1.36%
- 3Y*
- 3.31%
- 5Y*
- -1.26%
- 10Y*
- 0.96%
- ALL TIME*
- 3.04%
EAGG
- 1D
- 0.41%
- 1M
- -0.59%
- 6M
- -0.10%
- YTD
- 0.02%
- 1Y
- 2.35%
- 3Y*
- 4.08%
- 5Y*
- -0.37%
- 10Y*
- —
- ALL TIME*
- 1.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.94M | $13.93M | $18.74M | |
| $0.00 | $0.00 | $0.00 |
NOCBX vs. EAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NOCBX Northern Core Bond Fund | -1.13% | 6.17% | 1.10% | 5.07% | -14.51% | -1.62% | 7.32% | 9.76% | 1.99% |
EAGG iShares ESG Aware US Aggregate Bond ETF | 0.02% | 7.18% | 1.12% | 5.58% | -13.63% | -1.30% | 7.40% | 8.68% | 2.19% |
Correlation
The correlation between NOCBX and EAGG is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2018 | 0.91 |
The correlation between NOCBX and EAGG has been stable across timeframes, ranging from 0.84 to 0.94 - a consistent structural relationship.
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Return for Risk
NOCBX vs. EAGG — Risk / Return Rank
NOCBX
EAGG
NOCBX vs. EAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Core Bond Fund (NOCBX) and iShares ESG Aware US Aggregate Bond ETF (EAGG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NOCBX | EAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.11 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 0.86 | -0.20 |
| Martin ratioReturn relative to average drawdown | 1.49 | 2.14 | -0.66 |
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Drawdowns
NOCBX vs. EAGG - Drawdown Comparison
The maximum NOCBX drawdown since its inception was -20.02%, which is greater than EAGG's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for NOCBX and EAGG.
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Drawdown Indicators
| NOCBX | EAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.02% | -18.74% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -2.75% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -5.54% | -5.06% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -17.87% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -20.02% | — | — |
Current DrawdownCurrent decline from peak | -6.22% | -3.02% | -3.20% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -5.98% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.10% | +0.28% |
Volatility
NOCBX vs. EAGG - Volatility Comparison
The current volatility for Northern Core Bond Fund (NOCBX) is 0.95%, while iShares ESG Aware US Aggregate Bond ETF (EAGG) has a volatility of 1.10%. This indicates that NOCBX experiences smaller price fluctuations and is considered to be less risky than EAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOCBX | EAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.10% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.90% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 3.62% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.11% | 6.04% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 5.47% | -0.39% |
NOCBX vs. EAGG - Expense Ratio Comparison
NOCBX has a 0.42% expense ratio, which is higher than EAGG's 0.10% expense ratio.
Dividends
NOCBX vs. EAGG - Dividend Comparison
NOCBX's dividend yield for the trailing twelve months is around 3.69%, less than EAGG's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | 4.05% | 3.92% | 3.93% | 3.24% | 2.07% | 1.09% | 1.82% | 3.17% | 0.61% | 0.00% | 0.00% | 0.00% |
NOCBX Northern Core Bond Fund | 3.69% | 3.14% | 3.82% | 2.99% | 1.66% | 1.56% | 3.58% | 2.75% | 3.16% | 2.88% | 2.05% | 3.09% |
Frequently Asked Questions
NOCBX and EAGG have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EAGG has higher volatility (1.10%) compared to NOCBX (0.95%). In terms of maximum drawdown, NOCBX dropped -20.02% vs EAGG's -18.74%.
EAGG currently has the higher Sharpe Ratio (0.65 vs 0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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