NOINX vs. SWISX
Compare and contrast key facts about Northern International Equity Index Fund (NOINX) and Schwab International Index Fund (SWISX).
NOINX is managed by Northern Funds. It was launched on Mar 22, 2005. SWISX is a passively managed fund by Charles Schwab that tracks the performance of the MSCI EAFE Index. It was launched on May 19, 1997.
Performance
NOINX vs. SWISX - Performance Comparison
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NOINX vs. SWISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOINX Northern International Equity Index Fund | 0.85% | 31.86% | 3.69% | 18.08% | -14.24% | 11.08% | 7.92% | 21.98% | -13.76% | 25.28% |
SWISX Schwab International Index Fund | 1.04% | 31.59% | 3.54% | 18.13% | -14.30% | 11.25% | 8.14% | 21.87% | -13.38% | 25.32% |
Returns By Period
In the year-to-date period, NOINX achieves a 0.85% return, which is significantly lower than SWISX's 1.04% return. Both investments have delivered pretty close results over the past 10 years, with NOINX having a 8.78% annualized return and SWISX not far ahead at 8.84%.
NOINX
- 1D
- 2.78%
- 1M
- -6.54%
- YTD
- 0.85%
- 6M
- 4.76%
- 1Y
- 22.76%
- 3Y*
- 14.49%
- 5Y*
- 8.21%
- 10Y*
- 8.78%
SWISX
- 1D
- 3.05%
- 1M
- -6.36%
- YTD
- 1.04%
- 6M
- 4.82%
- 1Y
- 22.91%
- 3Y*
- 14.40%
- 5Y*
- 8.19%
- 10Y*
- 8.84%
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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%.
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.
| NOINX | SWISX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 1.35 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.86 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.92 | -0.28 |
Martin ratioReturn relative to average drawdown | 6.38 | 7.37 | -0.99 |
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
| NOINX | SWISX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.35 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.51 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.53 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.29 | +0.01 |
Correlation
The correlation between NOINX and SWISX is 0.98, 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
NOINX vs. SWISX - Dividend Comparison
NOINX's dividend yield for the trailing twelve months is around 3.54%, which matches SWISX's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOINX Northern International Equity Index Fund | 3.54% | 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 | 3.51% | 3.55% | 3.29% | 3.31% | 2.73% | 3.34% | 1.88% | 3.09% | 3.15% | 2.71% | 3.19% | 2.71% |
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 (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 | -8.38% | -8.19% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -12.65% | -14.88% | +2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 2.97% | +0.12% |
Volatility
NOINX vs. SWISX - Volatility Comparison
The current volatility for Northern International Equity Index Fund (NOINX) is 7.30%, while Schwab International Index Fund (SWISX) has a volatility of 7.82%. This indicates that NOINX experiences smaller price fluctuations and is considered to be less risky than SWISX based on this measure. 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 | 7.30% | 7.82% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 11.27% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.97% | 17.24% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 16.12% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.43% | 16.81% | -0.38% |