Correlation
The correlation between NOEMX and EEM is 0.70, 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.
NOEMX vs. EEM
Compare and contrast key facts about Northern Emerging Markets Equity Index Fund (NOEMX) and iShares MSCI Emerging Markets ETF (EEM).
NOEMX is managed by Northern Funds. It was launched on Apr 24, 2006. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOEMX or EEM.
Performance
NOEMX vs. EEM - Performance Comparison
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Key characteristics
NOEMX:
0.68
EEM:
0.55
NOEMX:
0.82
EEM:
0.77
NOEMX:
1.11
EEM:
1.10
NOEMX:
0.33
EEM:
0.31
NOEMX:
1.62
EEM:
1.40
NOEMX:
5.39%
EEM:
6.05%
NOEMX:
16.76%
EEM:
19.27%
NOEMX:
-67.25%
EEM:
-66.43%
NOEMX:
-12.90%
EEM:
-13.82%
Returns By Period
The year-to-date returns for both investments are quite close, with NOEMX having a 8.53% return and EEM slightly higher at 8.85%. Over the past 10 years, NOEMX has outperformed EEM with an annualized return of 3.48%, while EEM has yielded a comparatively lower 3.28% annualized return.
NOEMX
8.53%
3.60%
7.78%
11.35%
4.70%
6.39%
3.48%
EEM
8.85%
4.02%
7.00%
10.45%
4.75%
6.11%
3.28%
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NOEMX vs. EEM - Expense Ratio Comparison
NOEMX has a 0.22% expense ratio, which is lower than EEM's 0.68% expense ratio.
Risk-Adjusted Performance
NOEMX vs. EEM — Risk-Adjusted Performance Rank
NOEMX
EEM
NOEMX vs. EEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Emerging Markets Equity Index Fund (NOEMX) and iShares MSCI Emerging Markets ETF (EEM). 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.
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Dividends
NOEMX vs. EEM - Dividend Comparison
NOEMX's dividend yield for the trailing twelve months is around 2.75%, more than EEM's 2.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOEMX Northern Emerging Markets Equity Index Fund | 2.75% | 2.98% | 3.87% | 2.42% | 2.87% | 2.36% | 3.24% | 2.77% | 1.74% | 1.92% | 2.54% | 2.73% |
EEM iShares MSCI Emerging Markets ETF | 2.23% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% | 2.23% |
Drawdowns
NOEMX vs. EEM - Drawdown Comparison
The maximum NOEMX drawdown since its inception was -67.25%, roughly equal to the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for NOEMX and EEM.
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Volatility
NOEMX vs. EEM - Volatility Comparison
The current volatility for Northern Emerging Markets Equity Index Fund (NOEMX) is 3.77%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 4.25%. This indicates that NOEMX experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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