NOSIX vs. SPY
Compare and contrast key facts about Northern Stock Index Fund (NOSIX) and SPDR S&P 500 ETF (SPY).
NOSIX is managed by Northern Funds. It was launched on Oct 7, 1996. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOSIX or SPY.
Correlation
The correlation between NOSIX and SPY 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
NOSIX vs. SPY - Performance Comparison
Key characteristics
NOSIX:
0.46
SPY:
0.51
NOSIX:
0.77
SPY:
0.86
NOSIX:
1.11
SPY:
1.13
NOSIX:
0.47
SPY:
0.55
NOSIX:
1.90
SPY:
2.26
NOSIX:
4.70%
SPY:
4.55%
NOSIX:
19.48%
SPY:
20.08%
NOSIX:
-55.42%
SPY:
-55.19%
NOSIX:
-10.06%
SPY:
-9.89%
Returns By Period
The year-to-date returns for both stocks are quite close, with NOSIX having a -5.71% return and SPY slightly lower at -5.76%. Over the past 10 years, NOSIX has underperformed SPY with an annualized return of 10.04%, while SPY has yielded a comparatively higher 12.16% annualized return.
NOSIX
-5.71%
-0.92%
-5.53%
8.29%
12.96%
10.04%
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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NOSIX vs. SPY - Expense Ratio Comparison
NOSIX has a 0.05% expense ratio, which is lower than SPY's 0.09% 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
NOSIX vs. SPY — Risk-Adjusted Performance Rank
NOSIX
SPY
NOSIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Stock Index Fund (NOSIX) and SPDR S&P 500 ETF (SPY). 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
NOSIX vs. SPY - Dividend Comparison
NOSIX's dividend yield for the trailing twelve months is around 1.37%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOSIX Northern Stock Index Fund | 1.37% | 1.27% | 1.56% | 1.68% | 1.15% | 1.53% | 1.70% | 2.09% | 1.73% | 2.06% | 1.99% | 1.77% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NOSIX vs. SPY - Drawdown Comparison
The maximum NOSIX drawdown since its inception was -55.42%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NOSIX and SPY. For additional features, visit the drawdowns tool.
Volatility
NOSIX vs. SPY - Volatility Comparison
The current volatility for Northern Stock Index Fund (NOSIX) is 14.20%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that NOSIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.