NOIEX vs. EQTIX
Compare and contrast key facts about Northern Income Equity Fund (NOIEX) and Shelton Equity Income Fund (EQTIX).
NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994. EQTIX is managed by Shelton Capital Management. It was launched on Sep 3, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOIEX or EQTIX.
Performance
NOIEX vs. EQTIX - Performance Comparison
Returns By Period
In the year-to-date period, NOIEX achieves a 24.49% return, which is significantly higher than EQTIX's 18.25% return. Over the past 10 years, NOIEX has outperformed EQTIX with an annualized return of 12.25%, while EQTIX has yielded a comparatively lower 1.69% annualized return.
NOIEX
24.49%
-0.44%
11.74%
38.41%
15.52%
12.25%
EQTIX
18.25%
-0.11%
9.08%
21.76%
5.62%
1.69%
Key characteristics
| NOIEX | EQTIX | |
|---|---|---|
| Sharpe Ratio | 2.99 | 2.43 |
| Sortino Ratio | 4.48 | 3.37 |
| Omega Ratio | 1.61 | 1.46 |
| Calmar Ratio | 5.74 | 2.04 |
| Martin Ratio | 24.24 | 15.75 |
| Ulcer Index | 1.60% | 1.40% |
| Daily Std Dev | 12.97% | 9.09% |
| Max Drawdown | -45.66% | -54.79% |
| Current Drawdown | -1.74% | -1.39% |
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NOIEX vs. EQTIX - Expense Ratio Comparison
NOIEX has a 0.49% expense ratio, which is lower than EQTIX's 0.72% expense ratio.
Correlation
The correlation between NOIEX and EQTIX is 0.88, 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.
Risk-Adjusted Performance
NOIEX vs. EQTIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Income Equity Fund (NOIEX) and Shelton Equity Income Fund (EQTIX). 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
NOIEX vs. EQTIX - Dividend Comparison
NOIEX's dividend yield for the trailing twelve months is around 5.63%, less than EQTIX's 8.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOIEX Northern Income Equity Fund | 5.63% | 7.03% | 5.41% | 14.43% | 7.67% | 8.58% | 15.73% | 7.56% | 3.02% | 5.57% | 35.65% | 4.99% |
EQTIX Shelton Equity Income Fund | 8.60% | 8.56% | 8.38% | 9.67% | 9.54% | 4.71% | 3.35% | 3.06% | 1.81% | 1.92% | 1.55% | 1.54% |
Drawdowns
NOIEX vs. EQTIX - Drawdown Comparison
The maximum NOIEX drawdown since its inception was -45.66%, smaller than the maximum EQTIX drawdown of -54.79%. Use the drawdown chart below to compare losses from any high point for NOIEX and EQTIX. For additional features, visit the drawdowns tool.
Volatility
NOIEX vs. EQTIX - Volatility Comparison
Northern Income Equity Fund (NOIEX) has a higher volatility of 3.35% compared to Shelton Equity Income Fund (EQTIX) at 2.80%. This indicates that NOIEX's price experiences larger fluctuations and is considered to be riskier than EQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.