NOMIX vs. MDY
Compare and contrast key facts about Northern Mid Cap Index Fund (NOMIX) and SPDR S&P MidCap 400 ETF (MDY).
NOMIX is managed by Northern Funds. It was launched on Mar 22, 2005. MDY is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on May 4, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOMIX or MDY.
Correlation
The correlation between NOMIX and MDY 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.
Performance
NOMIX vs. MDY - Performance Comparison
Key characteristics
NOMIX:
0.31
MDY:
0.88
NOMIX:
0.52
MDY:
1.33
NOMIX:
1.07
MDY:
1.16
NOMIX:
0.25
MDY:
1.63
NOMIX:
0.92
MDY:
3.78
NOMIX:
5.82%
MDY:
3.64%
NOMIX:
17.40%
MDY:
15.55%
NOMIX:
-59.71%
MDY:
-55.33%
NOMIX:
-15.63%
MDY:
-5.15%
Returns By Period
The year-to-date returns for both stocks are quite close, with NOMIX having a 2.95% return and MDY slightly lower at 2.89%. Over the past 10 years, NOMIX has underperformed MDY with an annualized return of 2.91%, while MDY has yielded a comparatively higher 9.25% annualized return.
NOMIX
2.95%
-0.88%
-2.16%
7.15%
3.10%
2.91%
MDY
2.89%
-0.86%
5.82%
15.70%
10.49%
9.25%
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NOMIX vs. MDY - Expense Ratio Comparison
NOMIX has a 0.10% expense ratio, which is lower than MDY's 0.23% 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%.
Risk-Adjusted Performance
NOMIX vs. MDY — Risk-Adjusted Performance Rank
NOMIX
MDY
NOMIX vs. MDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Mid Cap Index Fund (NOMIX) and SPDR S&P MidCap 400 ETF (MDY). 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.
Dividends
NOMIX vs. MDY - Dividend Comparison
NOMIX's dividend yield for the trailing twelve months is around 1.49%, more than MDY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOMIX Northern Mid Cap Index Fund | 1.49% | 1.53% | 1.71% | 1.63% | 1.07% | 1.26% | 1.37% | 1.77% | 1.27% | 1.35% | 1.44% | 1.21% |
MDY SPDR S&P MidCap 400 ETF | 1.15% | 1.18% | 1.21% | 1.37% | 0.96% | 1.12% | 1.34% | 1.39% | 1.18% | 1.31% | 1.35% | 1.17% |
Drawdowns
NOMIX vs. MDY - Drawdown Comparison
The maximum NOMIX drawdown since its inception was -59.71%, which is greater than MDY's maximum drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for NOMIX and MDY. For additional features, visit the drawdowns tool.
Volatility
NOMIX vs. MDY - Volatility Comparison
Northern Mid Cap Index Fund (NOMIX) and SPDR S&P MidCap 400 ETF (MDY) have volatilities of 3.70% and 3.72%, 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.