NOIEX vs. VVIAX
Compare and contrast key facts about Northern Income Equity Fund (NOIEX) and Vanguard Value Index Fund Admiral Shares (VVIAX).
NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994. VVIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOIEX or VVIAX.
Performance
NOIEX vs. VVIAX - Performance Comparison
Returns By Period
In the year-to-date period, NOIEX achieves a 24.85% return, which is significantly higher than VVIAX's 20.06% return. Over the past 10 years, NOIEX has outperformed VVIAX with an annualized return of 12.28%, while VVIAX has yielded a comparatively lower 10.41% annualized return.
NOIEX
24.85%
-0.16%
11.92%
37.94%
15.66%
12.28%
VVIAX
20.06%
-0.85%
9.35%
27.75%
11.53%
10.41%
Key characteristics
| NOIEX | VVIAX | |
|---|---|---|
| Sharpe Ratio | 3.00 | 2.76 |
| Sortino Ratio | 4.49 | 3.87 |
| Omega Ratio | 1.61 | 1.50 |
| Calmar Ratio | 5.75 | 5.47 |
| Martin Ratio | 24.26 | 17.51 |
| Ulcer Index | 1.60% | 1.61% |
| Daily Std Dev | 12.95% | 10.19% |
| Max Drawdown | -45.66% | -59.32% |
| Current Drawdown | -1.46% | -1.62% |
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NOIEX vs. VVIAX - Expense Ratio Comparison
NOIEX has a 0.49% expense ratio, which is higher than VVIAX's 0.05% expense ratio.
Correlation
The correlation between NOIEX and VVIAX is 0.90, 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. VVIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Income Equity Fund (NOIEX) and Vanguard Value Index Fund Admiral Shares (VVIAX). 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. VVIAX - Dividend Comparison
NOIEX's dividend yield for the trailing twelve months is around 5.61%, more than VVIAX's 2.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOIEX Northern Income Equity Fund | 5.61% | 7.03% | 5.41% | 14.43% | 7.67% | 8.58% | 15.73% | 7.56% | 3.02% | 5.57% | 35.65% | 4.99% |
VVIAX Vanguard Value Index Fund Admiral Shares | 2.24% | 2.45% | 2.51% | 2.14% | 2.54% | 2.49% | 2.72% | 2.29% | 2.45% | 2.60% | 2.22% | 2.21% |
Drawdowns
NOIEX vs. VVIAX - Drawdown Comparison
The maximum NOIEX drawdown since its inception was -45.66%, smaller than the maximum VVIAX drawdown of -59.32%. Use the drawdown chart below to compare losses from any high point for NOIEX and VVIAX. For additional features, visit the drawdowns tool.
Volatility
NOIEX vs. VVIAX - Volatility Comparison
Northern Income Equity Fund (NOIEX) and Vanguard Value Index Fund Admiral Shares (VVIAX) have volatilities of 3.35% and 3.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.