NOIEX vs. FSTAX
Compare and contrast key facts about Northern Income Equity Fund (NOIEX) and Fidelity Advisor Strategic Income Fund Class A (FSTAX).
NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994. FSTAX is managed by Fidelity. It was launched on Sep 3, 1996.
Performance
NOIEX vs. FSTAX - Performance Comparison
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NOIEX vs. FSTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOIEX Northern Income Equity Fund | -4.59% | 18.81% | 24.28% | 19.56% | -13.34% | 27.96% | 11.03% | 27.04% | -6.62% | 20.22% |
FSTAX Fidelity Advisor Strategic Income Fund Class A | -0.88% | 8.68% | 4.93% | 8.82% | -11.98% | 3.22% | 7.21% | 10.74% | -2.94% | 7.63% |
Returns By Period
In the year-to-date period, NOIEX achieves a -4.59% return, which is significantly lower than FSTAX's -0.88% return. Over the past 10 years, NOIEX has outperformed FSTAX with an annualized return of 12.25%, while FSTAX has yielded a comparatively lower 3.84% annualized return.
NOIEX
- 1D
- -0.29%
- 1M
- -7.32%
- YTD
- -4.59%
- 6M
- -1.82%
- 1Y
- 16.41%
- 3Y*
- 17.35%
- 5Y*
- 11.80%
- 10Y*
- 12.25%
FSTAX
- 1D
- 0.00%
- 1M
- -2.65%
- YTD
- -0.88%
- 6M
- 0.34%
- 1Y
- 6.86%
- 3Y*
- 6.09%
- 5Y*
- 2.33%
- 10Y*
- 3.84%
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NOIEX vs. FSTAX - Expense Ratio Comparison
NOIEX has a 0.49% expense ratio, which is lower than FSTAX's 0.97% expense ratio.
Return for Risk
NOIEX vs. FSTAX — Risk / Return Rank
NOIEX
FSTAX
NOIEX vs. FSTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Income Equity Fund (NOIEX) and Fidelity Advisor Strategic Income Fund Class A (FSTAX). 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.
| NOIEX | FSTAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 2.03 | -1.11 |
Sortino ratioReturn per unit of downside risk | 1.45 | 2.82 | -1.37 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.71 | -1.67 |
Martin ratioReturn relative to average drawdown | 4.85 | 10.69 | -5.85 |
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
| NOIEX | FSTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 2.03 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.53 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.88 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.48 | +0.17 |
Correlation
The correlation between NOIEX and FSTAX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NOIEX vs. FSTAX - Dividend Comparison
NOIEX's dividend yield for the trailing twelve months is around 8.37%, more than FSTAX's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOIEX Northern Income Equity Fund | 8.37% | 7.92% | 6.11% | 7.03% | 5.44% | 14.26% | 7.67% | 8.58% | 15.73% | 7.56% | 3.02% | 5.57% |
FSTAX Fidelity Advisor Strategic Income Fund Class A | 3.80% | 4.05% | 3.21% | 3.70% | 2.70% | 4.01% | 4.32% | 4.06% | 3.50% | 3.70% | 3.49% | 2.89% |
Drawdowns
NOIEX vs. FSTAX - Drawdown Comparison
The maximum NOIEX drawdown since its inception was -45.66%, which is greater than FSTAX's maximum drawdown of -23.29%. Use the drawdown chart below to compare losses from any high point for NOIEX and FSTAX.
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Drawdown Indicators
| NOIEX | FSTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.66% | -23.29% | -22.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -2.65% | -9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.89% | -16.18% | -5.71% |
Max Drawdown (10Y)Largest decline over 10 years | -35.31% | -16.18% | -19.13% |
Current DrawdownCurrent decline from peak | -8.39% | -2.65% | -5.74% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -4.86% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 0.67% | +2.22% |
Volatility
NOIEX vs. FSTAX - Volatility Comparison
Northern Income Equity Fund (NOIEX) has a higher volatility of 4.02% compared to Fidelity Advisor Strategic Income Fund Class A (FSTAX) at 1.53%. This indicates that NOIEX's price experiences larger fluctuations and is considered to be riskier than FSTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOIEX | FSTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 1.53% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.01% | 2.38% | +6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 3.57% | +15.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 4.42% | +11.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 4.40% | +13.52% |