NOIEX vs. ^SP500TR
Compare and contrast key facts about Northern Income Equity Fund (NOIEX) and S&P 500 Total Return (^SP500TR).
NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOIEX or ^SP500TR.
Correlation
The correlation between NOIEX and ^SP500TR is 0.87, 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.
Performance
NOIEX vs. ^SP500TR - Performance Comparison
Key characteristics
NOIEX:
0.38
^SP500TR:
0.32
NOIEX:
0.65
^SP500TR:
0.57
NOIEX:
1.10
^SP500TR:
1.08
NOIEX:
0.38
^SP500TR:
0.32
NOIEX:
1.81
^SP500TR:
1.43
NOIEX:
3.79%
^SP500TR:
4.19%
NOIEX:
17.92%
^SP500TR:
18.99%
NOIEX:
-45.66%
^SP500TR:
-55.25%
NOIEX:
-13.54%
^SP500TR:
-13.83%
Returns By Period
In the year-to-date period, NOIEX achieves a -9.23% return, which is significantly higher than ^SP500TR's -9.83% return. Over the past 10 years, NOIEX has underperformed ^SP500TR with an annualized return of 10.81%, while ^SP500TR has yielded a comparatively higher 11.70% annualized return.
NOIEX
-9.23%
-7.63%
-9.67%
7.37%
16.05%
10.81%
^SP500TR
-9.83%
-6.83%
-9.33%
6.85%
14.73%
11.70%
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Risk-Adjusted Performance
NOIEX vs. ^SP500TR — Risk-Adjusted Performance Rank
NOIEX
^SP500TR
NOIEX vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Income Equity Fund (NOIEX) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
NOIEX vs. ^SP500TR - Drawdown Comparison
The maximum NOIEX drawdown since its inception was -45.66%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for NOIEX and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
NOIEX vs. ^SP500TR - Volatility Comparison
Northern Income Equity Fund (NOIEX) and S&P 500 Total Return (^SP500TR) have volatilities of 13.07% and 13.59%, 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.