NOINX vs. VMVFX
NOINX (Northern International Equity Index Fund) and VMVFX (Vanguard Global Minimum Volatility Fund Investor Shares) are both mutual funds - NOINX is a Foreign Large Cap Equities fund managed by Northern Funds, while VMVFX is a Global Equities fund managed by Vanguard. Over the past 10 years, NOINX returned 9.29%/yr vs 9.51%/yr for VMVFX. A 0.73 correlation means they provide meaningful diversification when combined. NOINX charges 0.10%/yr vs 0.21%/yr for VMVFX.
Performance
NOINX vs. VMVFX - Performance Comparison
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Returns By Period
In the year-to-date period, NOINX achieves a 9.68% return, which is significantly higher than VMVFX's 8.43% return. Both investments have delivered pretty close results over the past 10 years, with NOINX having a 9.29% annualized return and VMVFX not far ahead at 9.51%.
NOINX
- 1D
- 0.42%
- 1M
- 4.11%
- YTD
- 9.68%
- 6M
- 12.20%
- 1Y
- 22.60%
- 3Y*
- 17.23%
- 5Y*
- 8.83%
- 10Y*
- 9.29%
VMVFX
- 1D
- 0.06%
- 1M
- 2.52%
- YTD
- 8.43%
- 6M
- 8.94%
- 1Y
- 13.14%
- 3Y*
- 13.60%
- 5Y*
- 10.78%
- 10Y*
- 9.51%
NOINX vs. VMVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOINX Northern International Equity Index Fund | 9.68% | 31.86% | 3.69% | 18.08% | -14.24% | 11.08% | 7.92% | 21.98% | -13.76% | 25.28% |
VMVFX Vanguard Global Minimum Volatility Fund Investor Shares | 8.43% | 12.74% | 13.38% | 7.82% | -4.48% | 23.74% | -3.99% | 23.28% | -1.79% | 15.93% |
Correlation
The correlation between NOINX and VMVFX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2013 | 0.73 |
Over the past year, the correlation between NOINX and VMVFX has dropped to 0.49 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
NOINX vs. VMVFX — Risk / Return Rank
NOINX
VMVFX
NOINX vs. VMVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern International Equity Index Fund (NOINX) and Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX). 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 | VMVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.34 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.08 | -0.09 |
| Martin ratioReturn relative to average drawdown | 7.33 | 8.13 | -0.79 |
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 | VMVFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.92 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 1.01 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.76 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.82 | -0.50 |
Drawdowns
NOINX vs. VMVFX - Drawdown Comparison
The maximum NOINX drawdown since its inception was -61.10%, which is greater than VMVFX's maximum drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for NOINX and VMVFX.
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Drawdown Indicators
| NOINX | VMVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.10% | -33.09% | -28.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -6.27% | -4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -13.73% | -7.96% | -5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -29.34% | -13.02% | -16.32% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -33.09% | -0.60% |
Current DrawdownCurrent decline from peak | -0.36% | -0.18% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -2.83% | -9.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 1.60% | +1.40% |
Volatility
NOINX vs. VMVFX - Volatility Comparison
Northern International Equity Index Fund (NOINX) has a higher volatility of 4.89% compared to Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) at 1.94%. This indicates that NOINX's price experiences larger fluctuations and is considered to be riskier than VMVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOINX | VMVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 1.94% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 13.15% | 5.17% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.66% | 6.81% | +8.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 10.76% | +5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 12.48% | +4.03% |
NOINX vs. VMVFX - Expense Ratio Comparison
NOINX has a 0.10% expense ratio, which is lower than VMVFX's 0.21% expense ratio. Despite the difference, 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. VMVFX - Dividend Comparison
NOINX's dividend yield for the trailing twelve months is around 3.25%, less than VMVFX's 9.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOINX Northern International Equity Index Fund | 3.25% | 3.57% | 3.70% | 3.37% | 2.71% | 3.19% | 2.04% | 3.08% | 3.47% | 2.45% | 3.21% | 2.74% |
VMVFX Vanguard Global Minimum Volatility Fund Investor Shares | 9.20% | 9.98% | 3.77% | 3.05% | 4.96% | 12.73% | 2.02% | 5.12% | 7.27% | 2.30% | 2.71% | 3.22% |
Frequently Asked Questions
NOINX and VMVFX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOINX has higher volatility (4.89%) compared to VMVFX (1.94%). In terms of maximum drawdown, NOINX dropped -61.10% vs VMVFX's -33.09%.
VMVFX currently has the higher Sharpe Ratio (1.92 vs 1.42), 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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