NOIEX vs. PRDGX
Compare and contrast key facts about Northern Income Equity Fund (NOIEX) and T. Rowe Price Dividend Growth Fund, Inc. (PRDGX).
NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994. PRDGX is managed by T. Rowe Price. It was launched on Dec 30, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOIEX or PRDGX.
Key characteristics
| NOIEX | PRDGX | |
|---|---|---|
| YTD Return | 11.34% | 9.75% |
| 1Y Return | 32.97% | 20.78% |
| 3Y Return (Ann) | 12.50% | 8.66% |
| 5Y Return (Ann) | 14.65% | 12.83% |
| 10Y Return (Ann) | 11.86% | 12.20% |
| Sharpe Ratio | 2.68 | 2.27 |
| Daily Std Dev | 12.77% | 9.41% |
| Max Drawdown | -45.66% | -49.79% |
| Current Drawdown | -0.19% | 0.00% |
Correlation
The correlation between NOIEX and PRDGX is 0.87, 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
NOIEX vs. PRDGX - Performance Comparison
In the year-to-date period, NOIEX achieves a 11.34% return, which is significantly higher than PRDGX's 9.75% return. Both investments have delivered pretty close results over the past 10 years, with NOIEX having a 11.86% annualized return and PRDGX not far ahead at 12.20%. 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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NOIEX vs. PRDGX - Expense Ratio Comparison
NOIEX has a 0.49% expense ratio, which is lower than PRDGX's 0.62% expense ratio.
Risk-Adjusted Performance
NOIEX vs. PRDGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Income Equity Fund (NOIEX) and T. Rowe Price Dividend Growth Fund, Inc. (PRDGX). 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. PRDGX - Dividend Comparison
NOIEX's dividend yield for the trailing twelve months is around 10.84%, more than PRDGX's 2.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOIEX Northern Income Equity Fund | 10.84% | 12.12% | 5.61% | 16.65% | 7.67% | 8.58% | 15.73% | 7.56% | 3.02% | 5.57% | 35.65% | 4.99% |
PRDGX T. Rowe Price Dividend Growth Fund, Inc. | 2.54% | 2.78% | 3.81% | 2.00% | 1.03% | 1.78% | 3.67% | 2.19% | 3.07% | 7.57% | 4.43% | 1.87% |
Drawdowns
NOIEX vs. PRDGX - Drawdown Comparison
The maximum NOIEX drawdown since its inception was -45.66%, smaller than the maximum PRDGX drawdown of -49.79%. Use the drawdown chart below to compare losses from any high point for NOIEX and PRDGX. For additional features, visit the drawdowns tool.
Volatility
NOIEX vs. PRDGX - Volatility Comparison
Northern Income Equity Fund (NOIEX) has a higher volatility of 3.13% compared to T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) at 2.26%. This indicates that NOIEX's price experiences larger fluctuations and is considered to be riskier than PRDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.