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.
Key characteristics
| NOSIX | SPY | |
|---|---|---|
| YTD Return | 26.85% | 26.77% |
| 1Y Return | 37.54% | 37.43% |
| 3Y Return (Ann) | 10.14% | 10.15% |
| 5Y Return (Ann) | 15.86% | 15.86% |
| 10Y Return (Ann) | 13.33% | 13.33% |
| Sharpe Ratio | 3.05 | 3.06 |
| Sortino Ratio | 4.06 | 4.08 |
| Omega Ratio | 1.57 | 1.58 |
| Calmar Ratio | 4.43 | 4.44 |
| Martin Ratio | 20.05 | 20.11 |
| Ulcer Index | 1.87% | 1.85% |
| Daily Std Dev | 12.28% | 12.18% |
| Max Drawdown | -55.43% | -55.19% |
| Current Drawdown | -0.28% | -0.31% |
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
The year-to-date returns for both stocks are quite close, with NOSIX having a 26.85% return and SPY slightly lower at 26.77%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: NOSIX at 13.33% and SPY at 13.33%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 1.25%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOSIX Northern Stock Index Fund | 1.25% | 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 | 1.17% | 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) and SPDR S&P 500 ETF (SPY) have volatilities of 3.85% and 3.88%, 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.