NOIEX vs. PRWAX
Compare and contrast key facts about Northern Income Equity Fund (NOIEX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOIEX or PRWAX.
Performance
NOIEX vs. PRWAX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with NOIEX having a 24.49% return and PRWAX slightly higher at 25.16%. Over the past 10 years, NOIEX has outperformed PRWAX with an annualized return of 12.25%, while PRWAX has yielded a comparatively lower 5.24% annualized return.
NOIEX
24.49%
-0.44%
11.74%
38.41%
15.52%
12.25%
PRWAX
25.16%
0.04%
8.60%
25.74%
7.45%
5.24%
Key characteristics
| NOIEX | PRWAX | |
|---|---|---|
| Sharpe Ratio | 2.99 | 1.88 |
| Sortino Ratio | 4.48 | 2.46 |
| Omega Ratio | 1.61 | 1.36 |
| Calmar Ratio | 5.74 | 0.97 |
| Martin Ratio | 24.24 | 10.60 |
| Ulcer Index | 1.60% | 2.44% |
| Daily Std Dev | 12.97% | 13.81% |
| Max Drawdown | -45.66% | -70.45% |
| Current Drawdown | -1.74% | -6.25% |
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NOIEX vs. PRWAX - Expense Ratio Comparison
NOIEX has a 0.49% expense ratio, which is lower than PRWAX's 0.76% expense ratio.
Correlation
The correlation between NOIEX and PRWAX is 0.83, 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. PRWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Income Equity Fund (NOIEX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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. PRWAX - Dividend Comparison
NOIEX's dividend yield for the trailing twelve months is around 5.63%, more than PRWAX's 0.16% 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% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 0.16% | 0.20% | 0.00% | 0.00% | 0.03% | 0.40% | 0.23% | 0.17% | 0.05% | 0.00% | 0.00% | 0.00% |
Drawdowns
NOIEX vs. PRWAX - Drawdown Comparison
The maximum NOIEX drawdown since its inception was -45.66%, smaller than the maximum PRWAX drawdown of -70.45%. Use the drawdown chart below to compare losses from any high point for NOIEX and PRWAX. For additional features, visit the drawdowns tool.
Volatility
NOIEX vs. PRWAX - Volatility Comparison
The current volatility for Northern Income Equity Fund (NOIEX) is 3.35%, while T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a volatility of 3.98%. This indicates that NOIEX experiences smaller price fluctuations and is considered to be less risky than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.