NOIEX vs. SPHQ
Compare and contrast key facts about Northern Income Equity Fund (NOIEX) and Invesco S&P 500® Quality ETF (SPHQ).
NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Quality Rankings Index. It was launched on Dec 6, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOIEX or SPHQ.
Performance
NOIEX vs. SPHQ - Performance Comparison
Returns By Period
In the year-to-date period, NOIEX achieves a 26.20% return, which is significantly lower than SPHQ's 27.53% return. Over the past 10 years, NOIEX has underperformed SPHQ with an annualized return of 12.40%, while SPHQ has yielded a comparatively higher 13.36% annualized return.
NOIEX
26.20%
1.85%
13.70%
39.44%
15.82%
12.40%
SPHQ
27.53%
2.20%
11.34%
32.58%
16.19%
13.36%
Key characteristics
| NOIEX | SPHQ | |
|---|---|---|
| Sharpe Ratio | 3.05 | 2.71 |
| Sortino Ratio | 4.56 | 3.75 |
| Omega Ratio | 1.63 | 1.49 |
| Calmar Ratio | 5.85 | 5.28 |
| Martin Ratio | 24.61 | 20.25 |
| Ulcer Index | 1.60% | 1.61% |
| Daily Std Dev | 12.94% | 12.02% |
| Max Drawdown | -45.66% | -57.83% |
| Current Drawdown | -0.39% | -0.34% |
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NOIEX vs. SPHQ - Expense Ratio Comparison
NOIEX has a 0.49% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Correlation
The correlation between NOIEX and SPHQ is 0.89, 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. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Income Equity Fund (NOIEX) and Invesco S&P 500® Quality ETF (SPHQ). 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. SPHQ - Dividend Comparison
NOIEX's dividend yield for the trailing twelve months is around 5.39%, more than SPHQ's 1.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOIEX Northern Income Equity Fund | 5.39% | 7.03% | 5.41% | 14.43% | 7.67% | 8.58% | 15.73% | 7.56% | 3.02% | 5.57% | 35.65% | 4.99% |
SPHQ Invesco S&P 500® Quality ETF | 1.13% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% | 1.99% |
Drawdowns
NOIEX vs. SPHQ - Drawdown Comparison
The maximum NOIEX drawdown since its inception was -45.66%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for NOIEX and SPHQ. For additional features, visit the drawdowns tool.
Volatility
NOIEX vs. SPHQ - Volatility Comparison
The current volatility for Northern Income Equity Fund (NOIEX) is 3.30%, while Invesco S&P 500® Quality ETF (SPHQ) has a volatility of 3.55%. This indicates that NOIEX experiences smaller price fluctuations and is considered to be less risky than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.