NOLCX vs. VV

Last updated Jun 23, 2026

NOLCX (Northern Large Cap Core Fund) and VV (Vanguard Large-Cap ETF) are both Large Cap Blend Equities funds. Over the past 10 years, NOLCX returned 15.03%/yr vs 15.78%/yr for VV. With a 0.97 correlation, they move nearly in lockstep. NOLCX charges 0.45%/yr vs 0.04%/yr for VV.

Performance

NOLCX vs. VV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Large Cap Core Fund (NOLCX) and Vanguard Large-Cap ETF (VV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with NOLCX having a 9.18% return and VV 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 VV not far ahead at 15.78%.

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%

VV

• 1D: -0.40%
• 1M: 0.17%
• YTD: 9.48%
• 6M: 9.02%
• 1Y: 26.45%
• 3Y*: 21.58%
• 5Y*: 13.13%
• 10Y*: 15.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NOLCX vs. VV - 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%
VV Vanguard Large-Cap ETF	9.48%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-4.46%	22.00%

Correlation

The correlation between NOLCX and VV 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 Dec 19, 2005	0.97

The correlation between NOLCX and VV shifts across timeframes, from 0.86 (1 year) to 0.97 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NOLCX vs. VV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NOLCX

NOLCX Risk / Return Rank: 77
NOLCX Sharpe Ratio Rank: 75
NOLCX Sortino Ratio Rank: 70
NOLCX Omega Ratio Rank: 70
NOLCX Calmar Ratio Rank: 81
NOLCX Martin Ratio Rank: 87

VV

VV Risk / Return Rank: 66
VV Sharpe Ratio Rank: 67
VV Sortino Ratio Rank: 64
VV Omega Ratio Rank: 66
VV Calmar Ratio Rank: 60
VV Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NOLCX vs. VV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Large Cap Core Fund (NOLCX) and Vanguard Large-Cap ETF (VV). 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	VV	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.11	+0.20
Sortino ratio: Return per unit of downside risk	3.17	2.86	+0.31
Omega ratio: Gain probability vs. loss probability	1.42	1.38	+0.04
Calmar ratio: Return relative to maximum drawdown	3.49	2.89	+0.60
Martin ratio: Return relative to average drawdown	15.53	12.78	+2.75

NOLCX vs. VV - Sharpe Ratio Comparison

The current NOLCX Sharpe Ratio is 2.32, which is comparable to the VV Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of NOLCX and VV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NOLCX vs. VV - Drawdown Comparison

The maximum NOLCX drawdown since its inception was -56.64%, roughly equal to the maximum VV drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for NOLCX and VV.

Drawdown Indicators

	NOLCX	VV	Difference
Max Drawdown Largest peak-to-trough decline	-56.64%	-54.81%	-1.83%
Max Drawdown (1Y) Largest decline over 1 year	-8.20%	-9.21%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-19.03%	-18.97%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	-30.63%	-25.66%	-4.97%
Max Drawdown (10Y) Largest decline over 10 years	-34.46%	-34.28%	-0.18%
Current Drawdown Current decline from peak	-1.48%	-1.80%	+0.32%
Average Drawdown Average peak-to-trough decline	-8.83%	-6.83%	-2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	2.08%	-0.25%

Volatility

NOLCX vs. VV - Volatility Comparison

Northern Large Cap Core Fund (NOLCX) and Vanguard Large-Cap ETF (VV) have volatilities of 4.60% and 4.72%, 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.

Volatility by Period

	NOLCX	VV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	4.72%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	9.50%	9.84%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.35%	12.59%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	17.32%	+1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.29%	18.24%	+1.05%

NOLCX vs. VV - Expense Ratio Comparison

NOLCX has a 0.45% expense ratio, which is higher than VV's 0.04% expense ratio.

Dividends

NOLCX vs. VV - Dividend Comparison

NOLCX's dividend yield for the trailing twelve months is around 7.86%, more than VV's 0.99% 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%
VV Vanguard Large-Cap ETF	0.99%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both NOLCX and VV in my portfolio?

NOLCX and VV 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.

Which is riskier, NOLCX or VV?

VV has higher volatility (4.72%) compared to NOLCX (4.60%). In terms of maximum drawdown, NOLCX dropped -56.64% vs VV's -54.81%.

Which has better risk-adjusted returns?

NOLCX currently has the higher Sharpe Ratio (2.32 vs 2.11), 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.