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.
Key characteristics
| NOEMX | EEM | |
|---|---|---|
| YTD Return | 8.50% | 8.90% |
| 1Y Return | 14.88% | 15.45% |
| 3Y Return (Ann) | -4.10% | -4.34% |
| 5Y Return (Ann) | 4.09% | 4.03% |
| 10Y Return (Ann) | 2.71% | 2.50% |
| Sharpe Ratio | 1.11 | 1.01 |
| Daily Std Dev | 13.04% | 14.70% |
| Max Drawdown | -66.67% | -66.44% |
| Current Drawdown | -18.78% | -19.03% |
Correlation
The correlation between NOEMX and EEM is 0.91, 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
NOEMX vs. EEM - Performance Comparison
The year-to-date returns for both investments are quite close, with NOEMX having a 8.50% return and EEM slightly higher at 8.90%. Over the past 10 years, NOEMX has outperformed EEM with an annualized return of 2.71%, while EEM has yielded a comparatively lower 2.50% 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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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 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.
Dividends
NOEMX vs. EEM - Dividend Comparison
NOEMX's dividend yield for the trailing twelve months is around 3.56%, more than EEM's 2.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOEMX Northern Emerging Markets Equity Index Fund | 3.56% | 3.87% | 2.42% | 2.87% | 2.36% | 3.24% | 2.76% | 1.74% | 1.92% | 2.54% | 2.73% | 2.01% |
EEM iShares MSCI Emerging Markets ETF | 2.42% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.22% | 1.87% | 1.88% | 2.48% | 2.22% | 2.04% |
Drawdowns
NOEMX vs. EEM - Drawdown Comparison
The maximum NOEMX drawdown since its inception was -66.67%, roughly equal to the maximum EEM drawdown of -66.44%. Use the drawdown chart below to compare losses from any high point for NOEMX and EEM. For additional features, visit the drawdowns tool.
Volatility
NOEMX vs. EEM - Volatility Comparison
Northern Emerging Markets Equity Index Fund (NOEMX) and iShares MSCI Emerging Markets ETF (EEM) have volatilities of 3.46% and 3.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.