NOLCX vs. VONE
NOLCX (Northern Large Cap Core Fund) and VONE (Vanguard Russell 1000 ETF) are both Large Cap Blend Equities funds. Over the past 10 years, NOLCX returned 15.03%/yr vs 15.46%/yr for VONE. With a 0.96 correlation, they move nearly in lockstep. NOLCX charges 0.45%/yr vs 0.08%/yr for VONE.
Performance
NOLCX vs. VONE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with NOLCX having a 9.18% return and VONE slightly higher at 9.48%. Both investments have delivered pretty close results over the past 10 years, with NOLCX having a 15.03% annualized return and VONE not far ahead at 15.46%.
NOLCX
- 1D
- 0.93%
- 1M
- 0.49%
- YTD
- 9.18%
- 6M
- 8.60%
- 1Y
- 27.99%
- 3Y*
- 22.42%
- 5Y*
- 15.29%
- 10Y*
- 15.03%
VONE
- 1D
- -0.27%
- 1M
- 0.31%
- YTD
- 9.48%
- 6M
- 9.01%
- 1Y
- 25.90%
- 3Y*
- 21.09%
- 5Y*
- 12.72%
- 10Y*
- 15.46%
NOLCX vs. VONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOLCX Northern Large Cap Core Fund | 9.18% | 21.83% | 26.04% | 24.32% | -15.59% | 32.90% | 11.96% | 25.64% | -6.28% | 20.32% |
VONE Vanguard Russell 1000 ETF | 9.48% | 17.21% | 24.51% | 26.41% | -19.14% | 26.49% | 20.95% | 31.12% | -4.84% | 21.55% |
Correlation
The correlation between NOLCX and VONE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.96 |
The correlation between NOLCX and VONE shifts across timeframes, from 0.86 (1 year) to 0.96 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
NOLCX vs. VONE — Risk / Return Rank
NOLCX
VONE
NOLCX vs. VONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Large Cap Core Fund (NOLCX) and Vanguard Russell 1000 ETF (VONE). 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.
| NOLCX | VONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 2.94 | +0.55 |
| Martin ratioReturn relative to average drawdown | 15.53 | 13.14 | +2.39 |
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Drawdowns
NOLCX vs. VONE - Drawdown Comparison
The maximum NOLCX drawdown since its inception was -56.64%, which is greater than VONE's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for NOLCX and VONE.
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Drawdown Indicators
| NOLCX | VONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.64% | -34.66% | -21.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -8.85% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -19.03% | -19.06% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -30.63% | -25.12% | -5.51% |
Max Drawdown (10Y)Largest decline over 10 years | -34.46% | -34.66% | +0.20% |
Current DrawdownCurrent decline from peak | -1.48% | -1.67% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -3.90% | -4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.98% | -0.15% |
Volatility
NOLCX vs. VONE - Volatility Comparison
Northern Large Cap Core Fund (NOLCX) and Vanguard Russell 1000 ETF (VONE) have volatilities of 4.60% and 4.51%, 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
| NOLCX | VONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 4.51% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 9.76% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.35% | 12.52% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 17.16% | +2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 18.29% | +1.00% |
NOLCX vs. VONE - Expense Ratio Comparison
NOLCX has a 0.45% expense ratio, which is higher than VONE's 0.08% expense ratio.
Dividends
NOLCX vs. VONE - Dividend Comparison
NOLCX's dividend yield for the trailing twelve months is around 7.86%, more than VONE's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOLCX Northern Large Cap Core Fund | 7.86% | 8.57% | 9.09% | 8.96% | 5.02% | 14.82% | 1.35% | 3.93% | 2.49% | 2.63% | 1.78% | 1.87% |
VONE Vanguard Russell 1000 ETF | 1.03% | 1.07% | 1.20% | 1.40% | 1.59% | 1.16% | 1.45% | 1.65% | 1.96% | 1.69% | 1.89% | 1.89% |
Frequently Asked Questions
NOLCX and VONE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOLCX has higher volatility (4.60%) compared to VONE (4.51%). In terms of maximum drawdown, NOLCX dropped -56.64% vs VONE's -34.66%.
NOLCX currently has the higher Sharpe Ratio (2.32 vs 2.08), 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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