NOCBX vs. VBTLX
Compare and contrast key facts about Northern Core Bond Fund (NOCBX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX).
NOCBX is managed by Northern Funds. It was launched on Mar 29, 2001. VBTLX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOCBX or VBTLX.
Key characteristics
NOCBX | VBTLX | |
---|---|---|
YTD Return | -1.30% | -1.22% |
1Y Return | 2.15% | 2.24% |
3Y Return (Ann) | -2.87% | -2.80% |
5Y Return (Ann) | 0.14% | 0.21% |
10Y Return (Ann) | 1.26% | 1.30% |
Sharpe Ratio | 0.25 | 0.20 |
Daily Std Dev | 6.79% | 6.53% |
Max Drawdown | -19.02% | -18.68% |
Current Drawdown | -11.08% | -11.21% |
Correlation
The correlation between NOCBX and VBTLX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NOCBX vs. VBTLX - Performance Comparison
In the year-to-date period, NOCBX achieves a -1.30% return, which is significantly lower than VBTLX's -1.22% return. Both investments have delivered pretty close results over the past 10 years, with NOCBX having a 1.26% annualized return and VBTLX not far ahead at 1.30%. 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. VBTLX - Expense Ratio Comparison
NOCBX has a 0.42% expense ratio, which is higher than VBTLX's 0.05% expense ratio.
Risk-Adjusted Performance
NOCBX vs. VBTLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Core Bond Fund (NOCBX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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. VBTLX - Dividend Comparison
NOCBX's dividend yield for the trailing twelve months is around 3.92%, more than VBTLX's 3.35% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Northern Core Bond Fund | 3.92% | 3.65% | 2.86% | 1.68% | 3.65% | 2.67% | 3.06% | 2.90% | 2.75% | 3.24% | 2.59% | 2.77% |
Vanguard Total Bond Market Index Fund Admiral Shares | 3.35% | 3.08% | 2.59% | 2.11% | 2.39% | 2.73% | 2.80% | 2.56% | 2.54% | 2.37% | 2.59% | 2.59% |
Drawdowns
NOCBX vs. VBTLX - Drawdown Comparison
The maximum NOCBX drawdown since its inception was -19.02%, roughly equal to the maximum VBTLX drawdown of -18.68%. Use the drawdown chart below to compare losses from any high point for NOCBX and VBTLX. For additional features, visit the drawdowns tool.
Volatility
NOCBX vs. VBTLX - Volatility Comparison
Northern Core Bond Fund (NOCBX) has a higher volatility of 1.31% compared to Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) at 1.18%. This indicates that NOCBX's price experiences larger fluctuations and is considered to be riskier than VBTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.