Correlation
The correlation between NOIEX and PRWAX 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.
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
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Key characteristics
NOIEX:
0.76
PRWAX:
0.53
NOIEX:
1.15
PRWAX:
0.87
NOIEX:
1.17
PRWAX:
1.12
NOIEX:
0.77
PRWAX:
0.55
NOIEX:
3.05
PRWAX:
2.03
NOIEX:
4.56%
PRWAX:
5.15%
NOIEX:
18.79%
PRWAX:
19.43%
NOIEX:
-45.66%
PRWAX:
-55.06%
NOIEX:
-3.02%
PRWAX:
-3.91%
Returns By Period
In the year-to-date period, NOIEX achieves a 1.81% return, which is significantly higher than PRWAX's 1.21% return. Over the past 10 years, NOIEX has underperformed PRWAX with an annualized return of 11.29%, while PRWAX has yielded a comparatively higher 15.50% annualized return.
NOIEX
1.81%
7.60%
-0.50%
14.15%
12.40%
15.71%
11.29%
PRWAX
1.21%
6.51%
-1.69%
10.26%
15.17%
16.29%
15.50%
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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.
Risk-Adjusted Performance
NOIEX vs. PRWAX — Risk-Adjusted Performance Rank
NOIEX
PRWAX
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.
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Dividends
NOIEX vs. PRWAX - Dividend Comparison
NOIEX's dividend yield for the trailing twelve months is around 5.95%, less than PRWAX's 9.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOIEX Northern Income Equity Fund | 5.95% | 6.11% | 7.03% | 5.41% | 14.43% | 7.67% | 8.58% | 15.73% | 7.56% | 3.02% | 5.57% | 35.65% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 9.11% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% | 14.73% |
Drawdowns
NOIEX vs. PRWAX - Drawdown Comparison
The maximum NOIEX drawdown since its inception was -45.66%, smaller than the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for NOIEX and PRWAX.
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Volatility
NOIEX vs. PRWAX - Volatility Comparison
Northern Income Equity Fund (NOIEX) has a higher volatility of 4.79% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 4.15%. This indicates that NOIEX's price experiences larger fluctuations and is considered to be riskier than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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