Correlation
The correlation between NOIGX and IHDG is 0.76, 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.
NOIGX vs. IHDG
Compare and contrast key facts about Northern International Equity Fund (NOIGX) and WisdomTree International Hedged Dividend Growth Fund (IHDG).
NOIGX is managed by Northern Funds. It was launched on Mar 30, 1994. IHDG is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree International Hedged Dividend Growth Index. It was launched on May 7, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOIGX or IHDG.
Performance
NOIGX vs. IHDG - Performance Comparison
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Key characteristics
NOIGX:
1.05
IHDG:
0.06
NOIGX:
1.34
IHDG:
0.16
NOIGX:
1.19
IHDG:
1.02
NOIGX:
1.14
IHDG:
0.02
NOIGX:
3.76
IHDG:
0.07
NOIGX:
3.93%
IHDG:
5.54%
NOIGX:
15.28%
IHDG:
17.65%
NOIGX:
-57.92%
IHDG:
-29.24%
NOIGX:
-0.51%
IHDG:
-4.80%
Returns By Period
In the year-to-date period, NOIGX achieves a 17.99% return, which is significantly higher than IHDG's 4.05% return. Over the past 10 years, NOIGX has underperformed IHDG with an annualized return of 5.20%, while IHDG has yielded a comparatively higher 8.27% annualized return.
NOIGX
17.99%
5.55%
14.58%
14.90%
12.29%
12.77%
5.20%
IHDG
4.05%
4.02%
3.02%
0.53%
8.53%
10.12%
8.27%
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NOIGX vs. IHDG - Expense Ratio Comparison
NOIGX has a 0.51% expense ratio, which is lower than IHDG's 0.58% expense ratio.
Risk-Adjusted Performance
NOIGX vs. IHDG — Risk-Adjusted Performance Rank
NOIGX
IHDG
NOIGX vs. IHDG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern International Equity Fund (NOIGX) and WisdomTree International Hedged Dividend Growth Fund (IHDG). 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.
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Dividends
NOIGX vs. IHDG - Dividend Comparison
NOIGX's dividend yield for the trailing twelve months is around 3.82%, more than IHDG's 1.85% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOIGX Northern International Equity Fund | 3.82% | 4.50% | 5.79% | 2.93% | 3.20% | 5.85% | 3.83% | 2.70% | 1.21% | 1.57% | 2.02% | 3.95% |
IHDG WisdomTree International Hedged Dividend Growth Fund | 1.85% | 2.42% | 1.70% | 13.79% | 2.77% | 1.95% | 1.99% | 0.22% | 1.28% | 1.91% | 3.04% | 3.86% |
Drawdowns
NOIGX vs. IHDG - Drawdown Comparison
The maximum NOIGX drawdown since its inception was -57.92%, which is greater than IHDG's maximum drawdown of -29.24%. Use the drawdown chart below to compare losses from any high point for NOIGX and IHDG.
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Volatility
NOIGX vs. IHDG - Volatility Comparison
The current volatility for Northern International Equity Fund (NOIGX) is 2.78%, while WisdomTree International Hedged Dividend Growth Fund (IHDG) has a volatility of 4.35%. This indicates that NOIGX experiences smaller price fluctuations and is considered to be less risky than IHDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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