NOINX vs. SWISX
NOINX (Northern International Equity Index Fund) and SWISX (Schwab International Index Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, NOINX returned 9.55%/yr vs 9.58%/yr for SWISX. Their 0.98 correlation means they have historically moved very closely together. NOINX charges 0.10%/yr vs 0.06%/yr for SWISX.
Performance
NOINX vs. SWISX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NOINX having a 12.75% return and SWISX slightly lower at 12.67%. Both investments have delivered pretty close results over the past 10 years, with NOINX having a 9.55% annualized return and SWISX not far ahead at 9.58%.
NOINX
- 1D
- 2.86%
- 1M
- 2.01%
- 6M
- 7.31%
- YTD
- 12.75%
- 1Y
- 26.27%
- 3Y*
- 16.56%
- 5Y*
- 9.58%
- 10Y*
- 9.55%
- ALL TIME*
- 6.32%
SWISX
- 1D
- 2.76%
- 1M
- 2.05%
- 6M
- 7.22%
- YTD
- 12.67%
- 1Y
- 26.17%
- 3Y*
- 16.36%
- 5Y*
- 9.49%
- 10Y*
- 9.58%
- ALL TIME*
- 5.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NOINX vs. SWISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOINX Northern International Equity Index Fund | 12.75% | 31.86% | 3.69% | 18.08% | -14.24% | 11.08% | 7.92% | 21.98% | -13.76% | 25.28% |
SWISX Schwab International Index Fund | 12.67% | 31.59% | 3.54% | 18.13% | -14.30% | 11.25% | 8.14% | 21.87% | -13.38% | 25.32% |
Correlation
The correlation between NOINX and SWISX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2005 | 0.98 |
The correlation between NOINX and SWISX has been stable across timeframes, ranging from 0.92 to 0.98 - a consistent structural relationship.
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Return for Risk
NOINX vs. SWISX — Risk / Return Rank
NOINX
SWISX
NOINX vs. SWISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern International Equity Index Fund (NOINX) and Schwab International Index Fund (SWISX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NOINX | SWISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.19 | -0.03 |
| Martin ratioReturn relative to average drawdown | 8.02 | 8.31 | -0.28 |
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Drawdowns
NOINX vs. SWISX - Drawdown Comparison
The maximum NOINX drawdown since its inception was -61.10%, roughly equal to the maximum SWISX drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for NOINX and SWISX.
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Drawdown Indicators
| NOINX | SWISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.10% | -60.65% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -11.39% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -13.73% | -13.68% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -29.34% | -29.42% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -33.83% | +0.14% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -12.49% | -14.73% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.00% | -0.01% |
Volatility
NOINX vs. SWISX - Volatility Comparison
Northern International Equity Index Fund (NOINX) and Schwab International Index Fund (SWISX) have volatilities of 4.83% and 4.74%, 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.
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Volatility by Period
| NOINX | SWISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 4.74% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.43% | 13.54% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 15.90% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 16.43% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 16.63% | -0.37% |
NOINX vs. SWISX - Expense Ratio Comparison
NOINX has a 0.10% expense ratio, which is higher than SWISX's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
NOINX vs. SWISX - Dividend Comparison
NOINX's dividend yield for the trailing twelve months is around 3.17%, which matches SWISX's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOINX Northern International Equity Index Fund | 3.17% | 3.57% | 3.70% | 3.37% | 2.71% | 3.19% | 2.04% | 3.08% | 3.47% | 2.45% | 3.21% | 2.74% |
SWISX Schwab International Index Fund | 3.15% | 3.55% | 3.29% | 3.31% | 2.73% | 3.34% | 1.88% | 3.09% | 3.15% | 2.71% | 3.19% | 2.71% |
Frequently Asked Questions
With a correlation of 0.92, NOINX and SWISX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
NOINX has higher volatility (4.83%) compared to SWISX (4.74%). In terms of maximum drawdown, NOINX dropped -61.10% vs SWISX's -60.65%.
SWISX currently has the higher Sharpe Ratio (1.57 vs 1.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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