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:
1.94
SPY:
2.21
NOSIX:
2.60
SPY:
2.93
NOSIX:
1.36
SPY:
1.41
NOSIX:
2.89
SPY:
3.26
NOSIX:
12.57
SPY:
14.43
NOSIX:
1.95%
SPY:
1.90%
NOSIX:
12.61%
SPY:
12.41%
NOSIX:
-55.43%
SPY:
-55.19%
NOSIX:
-5.15%
SPY:
-2.74%
Returns By Period
In the year-to-date period, NOSIX achieves a 22.50% return, which is significantly lower than SPY's 25.54% return. Both investments have delivered pretty close results over the past 10 years, with NOSIX having a 12.67% annualized return and SPY not far ahead at 12.97%.
NOSIX
22.50%
-2.38%
6.24%
23.13%
14.07%
12.67%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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 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 0.91%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOSIX Northern Stock Index Fund | 0.91% | 1.56% | 1.68% | 1.15% | 1.53% | 1.70% | 2.09% | 1.73% | 2.06% | 1.99% | 1.77% | 1.74% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
NOSIX vs. SPY - Drawdown Comparison
The maximum NOSIX drawdown since its inception was -55.43%, 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
Northern Stock Index Fund (NOSIX) has a higher volatility of 3.99% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that NOSIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.