NOIGX vs. FSGEX
Compare and contrast key facts about Northern International Equity Fund (NOIGX) and Fidelity Series Global ex U.S. Index Fund (FSGEX).
NOIGX is managed by Northern Funds. It was launched on Mar 30, 1994. FSGEX is managed by Fidelity. It was launched on Sep 29, 2009.
Performance
NOIGX vs. FSGEX - Performance Comparison
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NOIGX vs. FSGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOIGX Northern International Equity Fund | -0.30% | 37.46% | 4.73% | 19.04% | -11.87% | 15.14% | 1.69% | 16.60% | -15.11% | 22.90% |
FSGEX Fidelity Series Global ex U.S. Index Fund | -1.20% | 32.99% | 5.34% | 15.56% | -15.75% | 7.77% | 10.75% | 21.41% | -13.99% | 27.47% |
Returns By Period
In the year-to-date period, NOIGX achieves a -0.30% return, which is significantly higher than FSGEX's -1.20% return. Both investments have delivered pretty close results over the past 10 years, with NOIGX having a 8.62% annualized return and FSGEX not far behind at 8.55%.
NOIGX
- 1D
- 0.07%
- 1M
- -9.41%
- YTD
- -0.30%
- 6M
- 6.19%
- 1Y
- 26.75%
- 3Y*
- 16.56%
- 5Y*
- 10.36%
- 10Y*
- 8.62%
FSGEX
- 1D
- -0.06%
- 1M
- -11.07%
- YTD
- -1.20%
- 6M
- 3.57%
- 1Y
- 23.80%
- 3Y*
- 14.32%
- 5Y*
- 6.98%
- 10Y*
- 8.55%
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NOIGX vs. FSGEX - Expense Ratio Comparison
NOIGX has a 0.51% expense ratio, which is higher than FSGEX's 0.01% expense ratio.
Return for Risk
NOIGX vs. FSGEX — Risk / Return Rank
NOIGX
FSGEX
NOIGX vs. FSGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern International Equity Fund (NOIGX) and Fidelity Series Global ex U.S. Index Fund (FSGEX). 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.
| NOIGX | FSGEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 1.43 | +0.18 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.93 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.89 | +0.06 |
Martin ratioReturn relative to average drawdown | 8.59 | 7.46 | +1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOIGX | FSGEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.43 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.46 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.53 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.36 | -0.06 |
Correlation
The correlation between NOIGX and FSGEX is 0.94, 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.
Dividends
NOIGX vs. FSGEX - Dividend Comparison
NOIGX's dividend yield for the trailing twelve months is around 0.78%, less than FSGEX's 3.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOIGX Northern International Equity Fund | 0.78% | 0.78% | 4.50% | 5.79% | 2.94% | 3.20% | 5.86% | 3.83% | 2.71% | 1.21% | 1.57% | 2.02% |
FSGEX Fidelity Series Global ex U.S. Index Fund | 3.06% | 3.02% | 2.98% | 2.90% | 2.78% | 2.59% | 1.68% | 2.10% | 2.86% | 2.48% | 2.56% | 2.61% |
Drawdowns
NOIGX vs. FSGEX - Drawdown Comparison
The maximum NOIGX drawdown since its inception was -57.92%, which is greater than FSGEX's maximum drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for NOIGX and FSGEX.
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Drawdown Indicators
| NOIGX | FSGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.92% | -34.74% | -23.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.65% | -11.24% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -27.48% | -29.66% | +2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -40.06% | -34.74% | -5.32% |
Current DrawdownCurrent decline from peak | -9.41% | -11.24% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -8.51% | -5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 2.86% | -0.03% |
Volatility
NOIGX vs. FSGEX - Volatility Comparison
The current volatility for Northern International Equity Fund (NOIGX) is 6.27%, while Fidelity Series Global ex U.S. Index Fund (FSGEX) has a volatility of 7.21%. This indicates that NOIGX experiences smaller price fluctuations and is considered to be less risky than FSGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOIGX | FSGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 7.21% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 10.85% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.28% | 16.09% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 15.14% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.49% | 16.12% | +0.37% |