NOIEX vs. SWLVX
Compare and contrast key facts about Northern Income Equity Fund (NOIEX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX).
NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994. SWLVX is managed by Charles Schwab. It was launched on Dec 20, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOIEX or SWLVX.
Performance
NOIEX vs. SWLVX - Performance Comparison
Returns By Period
In the year-to-date period, NOIEX achieves a 25.85% return, which is significantly higher than SWLVX's 20.53% return.
NOIEX
25.85%
0.70%
14.03%
39.05%
15.77%
12.35%
SWLVX
20.53%
2.50%
12.82%
28.70%
10.53%
N/A
Key characteristics
| NOIEX | SWLVX | |
|---|---|---|
| Sharpe Ratio | 3.06 | 2.59 |
| Sortino Ratio | 4.58 | 3.62 |
| Omega Ratio | 1.63 | 1.47 |
| Calmar Ratio | 5.88 | 5.37 |
| Martin Ratio | 24.74 | 16.68 |
| Ulcer Index | 1.60% | 1.75% |
| Daily Std Dev | 12.94% | 11.31% |
| Max Drawdown | -45.66% | -38.34% |
| Current Drawdown | -0.67% | -0.15% |
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NOIEX vs. SWLVX - Expense Ratio Comparison
NOIEX has a 0.49% expense ratio, which is higher than SWLVX's 0.04% expense ratio.
Correlation
The correlation between NOIEX and SWLVX is 0.91, 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. SWLVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Income Equity Fund (NOIEX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). 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. SWLVX - Dividend Comparison
NOIEX's dividend yield for the trailing twelve months is around 5.41%, more than SWLVX's 1.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOIEX Northern Income Equity Fund | 5.41% | 7.03% | 5.41% | 14.43% | 7.67% | 8.58% | 15.73% | 7.56% | 3.02% | 5.57% | 35.65% | 4.99% |
SWLVX Schwab U.S. Large-Cap Value Index Fund | 1.90% | 2.29% | 2.16% | 1.73% | 2.00% | 2.42% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NOIEX vs. SWLVX - Drawdown Comparison
The maximum NOIEX drawdown since its inception was -45.66%, which is greater than SWLVX's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for NOIEX and SWLVX. For additional features, visit the drawdowns tool.
Volatility
NOIEX vs. SWLVX - Volatility Comparison
The current volatility for Northern Income Equity Fund (NOIEX) is 3.30%, while Schwab U.S. Large-Cap Value Index Fund (SWLVX) has a volatility of 3.75%. This indicates that NOIEX experiences smaller price fluctuations and is considered to be less risky than SWLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.