NOEMX vs. EICOX
Compare and contrast key facts about Northern Emerging Markets Equity Index Fund (NOEMX) and Eaton Vance Emerging and Frontier Countries Equity Fund (EICOX).
NOEMX is managed by Northern Funds. It was launched on Apr 24, 2006. EICOX is managed by Eaton Vance. It was launched on Nov 2, 2014.
Performance
NOEMX vs. EICOX - Performance Comparison
Loading graphics...
NOEMX vs. EICOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOEMX Northern Emerging Markets Equity Index Fund | 0.96% | 33.67% | 7.10% | 9.20% | -20.53% | -3.36% | 17.63% | 18.32% | -15.04% | 37.34% |
EICOX Eaton Vance Emerging and Frontier Countries Equity Fund | 0.16% | 33.22% | 11.99% | 25.78% | -14.59% | 13.43% | 13.46% | 12.59% | -14.57% | 31.41% |
Returns By Period
In the year-to-date period, NOEMX achieves a 0.96% return, which is significantly higher than EICOX's 0.16% return. Over the past 10 years, NOEMX has underperformed EICOX with an annualized return of 7.56%, while EICOX has yielded a comparatively higher 11.08% annualized return.
NOEMX
- 1D
- -0.61%
- 1M
- -12.12%
- YTD
- 0.96%
- 6M
- 5.14%
- 1Y
- 30.17%
- 3Y*
- 14.81%
- 5Y*
- 3.44%
- 10Y*
- 7.56%
EICOX
- 1D
- -0.60%
- 1M
- -12.87%
- YTD
- 0.16%
- 6M
- 6.66%
- 1Y
- 28.05%
- 3Y*
- 20.33%
- 5Y*
- 12.21%
- 10Y*
- 11.08%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NOEMX vs. EICOX - Expense Ratio Comparison
NOEMX has a 0.22% expense ratio, which is lower than EICOX's 1.31% expense ratio.
Return for Risk
NOEMX vs. EICOX — Risk / Return Rank
NOEMX
EICOX
NOEMX vs. EICOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Emerging Markets Equity Index Fund (NOEMX) and Eaton Vance Emerging and Frontier Countries Equity Fund (EICOX). 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.
| NOEMX | EICOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 1.60 | +0.12 |
Sortino ratioReturn per unit of downside risk | 2.33 | 1.98 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.77 | +0.17 |
Martin ratioReturn relative to average drawdown | 7.59 | 6.64 | +0.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NOEMX | EICOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.60 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.94 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.84 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.62 | -0.42 |
Correlation
The correlation between NOEMX and EICOX is 0.86, 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.
Dividends
NOEMX vs. EICOX - Dividend Comparison
NOEMX's dividend yield for the trailing twelve months is around 2.50%, less than EICOX's 3.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOEMX Northern Emerging Markets Equity Index Fund | 2.50% | 2.53% | 2.98% | 3.86% | 2.42% | 2.87% | 2.36% | 3.24% | 2.76% | 1.74% | 1.92% | 2.54% |
EICOX Eaton Vance Emerging and Frontier Countries Equity Fund | 3.68% | 3.68% | 2.02% | 1.95% | 5.72% | 2.71% | 0.10% | 2.00% | 2.95% | 0.00% | 0.59% | 2.35% |
Drawdowns
NOEMX vs. EICOX - Drawdown Comparison
The maximum NOEMX drawdown since its inception was -66.67%, which is greater than EICOX's maximum drawdown of -38.75%. Use the drawdown chart below to compare losses from any high point for NOEMX and EICOX.
Loading graphics...
Drawdown Indicators
| NOEMX | EICOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.67% | -38.75% | -27.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -13.40% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -37.28% | -22.46% | -14.82% |
Max Drawdown (10Y)Largest decline over 10 years | -39.49% | -38.75% | -0.74% |
Current DrawdownCurrent decline from peak | -13.06% | -13.40% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -19.16% | -8.79% | -10.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.57% | -0.01% |
Volatility
NOEMX vs. EICOX - Volatility Comparison
The current volatility for Northern Emerging Markets Equity Index Fund (NOEMX) is 7.29%, while Eaton Vance Emerging and Frontier Countries Equity Fund (EICOX) has a volatility of 8.03%. This indicates that NOEMX experiences smaller price fluctuations and is considered to be less risky than EICOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NOEMX | EICOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 8.03% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 11.48% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.34% | 16.00% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 13.10% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 13.29% | +4.11% |