NOEMX vs. NOBOX
Compare and contrast key facts about Northern Emerging Markets Equity Index Fund (NOEMX) and Northern Bond Index Fund (NOBOX).
NOEMX is managed by Northern Funds. It was launched on Apr 24, 2006. NOBOX is managed by Northern Funds. It was launched on Feb 27, 2007.
Performance
NOEMX vs. NOBOX - Performance Comparison
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NOEMX vs. NOBOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOEMX Northern Emerging Markets Equity Index Fund | 2.41% | 33.67% | 7.10% | 9.20% | -20.53% | -3.36% | 17.63% | 18.32% | -15.04% | 37.34% |
NOBOX Northern Bond Index Fund | -0.03% | 6.14% | 0.82% | 4.86% | -13.84% | -2.10% | 7.20% | 8.73% | -0.17% | 3.60% |
Returns By Period
In the year-to-date period, NOEMX achieves a 2.41% return, which is significantly higher than NOBOX's -0.03% return. Over the past 10 years, NOEMX has outperformed NOBOX with an annualized return of 7.71%, while NOBOX has yielded a comparatively lower 1.23% annualized return.
NOEMX
- 1D
- 1.43%
- 1M
- -10.05%
- YTD
- 2.41%
- 6M
- 5.83%
- 1Y
- 31.13%
- 3Y*
- 15.35%
- 5Y*
- 3.42%
- 10Y*
- 7.71%
NOBOX
- 1D
- 0.22%
- 1M
- -1.40%
- YTD
- -0.03%
- 6M
- 0.78%
- 1Y
- 4.05%
- 3Y*
- 2.89%
- 5Y*
- -0.49%
- 10Y*
- 1.23%
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NOEMX vs. NOBOX - Expense Ratio Comparison
NOEMX has a 0.22% expense ratio, which is higher than NOBOX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
NOEMX vs. NOBOX — Risk / Return Rank
NOEMX
NOBOX
NOEMX vs. NOBOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Emerging Markets Equity Index Fund (NOEMX) and Northern Bond Index Fund (NOBOX). 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 | NOBOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | 0.94 | +0.95 |
Sortino ratioReturn per unit of downside risk | 2.52 | 1.40 | +1.13 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.17 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.77 | +0.32 |
Martin ratioReturn relative to average drawdown | 7.91 | 5.14 | +2.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOEMX | NOBOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 0.94 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.08 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.25 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.59 | -0.38 |
Correlation
The correlation between NOEMX and NOBOX is -0.15. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
NOEMX vs. NOBOX - Dividend Comparison
NOEMX's dividend yield for the trailing twelve months is around 2.47%, less than NOBOX's 3.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOEMX Northern Emerging Markets Equity Index Fund | 2.47% | 2.53% | 2.98% | 3.86% | 2.42% | 2.87% | 2.36% | 3.24% | 2.76% | 1.74% | 1.92% | 2.54% |
NOBOX Northern Bond Index Fund | 3.97% | 2.88% | 3.46% | 2.63% | 1.53% | 2.10% | 3.12% | 3.18% | 2.80% | 2.77% | 2.45% | 2.61% |
Drawdowns
NOEMX vs. NOBOX - Drawdown Comparison
The maximum NOEMX drawdown since its inception was -66.67%, which is greater than NOBOX's maximum drawdown of -20.03%. Use the drawdown chart below to compare losses from any high point for NOEMX and NOBOX.
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Drawdown Indicators
| NOEMX | NOBOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.67% | -20.03% | -46.64% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -2.80% | -10.26% |
Max Drawdown (5Y)Largest decline over 5 years | -37.28% | -19.15% | -18.13% |
Max Drawdown (10Y)Largest decline over 10 years | -39.49% | -20.03% | -19.46% |
Current DrawdownCurrent decline from peak | -11.81% | -5.99% | -5.82% |
Average DrawdownAverage peak-to-trough decline | -19.16% | -3.52% | -15.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 0.96% | +2.63% |
Volatility
NOEMX vs. NOBOX - Volatility Comparison
Northern Emerging Markets Equity Index Fund (NOEMX) has a higher volatility of 7.56% compared to Northern Bond Index Fund (NOBOX) at 1.61%. This indicates that NOEMX's price experiences larger fluctuations and is considered to be riskier than NOBOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOEMX | NOBOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 1.61% | +5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 2.87% | +9.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.35% | 4.59% | +12.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 6.07% | +10.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 5.01% | +12.40% |