NSEIX vs. SVAIX
NSEIX (Nicholas Equity Income Fund) and SVAIX (Federated Hermes Strategic Value Dividend Fund) are both Large Cap Value Equities funds. Over the past 10 years, NSEIX returned 10.31%/yr vs 8.26%/yr for SVAIX. A 0.79 correlation means they provide meaningful diversification when combined. NSEIX charges 0.70%/yr vs 0.81%/yr for SVAIX.
Performance
NSEIX vs. SVAIX - Performance Comparison
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Returns By Period
In the year-to-date period, NSEIX achieves a 6.11% return, which is significantly lower than SVAIX's 9.26% return. Over the past 10 years, NSEIX has outperformed SVAIX with an annualized return of 10.31%, while SVAIX has yielded a comparatively lower 8.26% annualized return.
NSEIX
- 1D
- 0.39%
- 1M
- 0.17%
- YTD
- 6.11%
- 6M
- 5.56%
- 1Y
- 12.73%
- 3Y*
- 12.71%
- 5Y*
- 7.79%
- 10Y*
- 10.31%
SVAIX
- 1D
- 0.46%
- 1M
- -1.97%
- YTD
- 9.26%
- 6M
- 9.09%
- 1Y
- 19.74%
- 3Y*
- 15.51%
- 5Y*
- 10.68%
- 10Y*
- 8.26%
NSEIX vs. SVAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSEIX Nicholas Equity Income Fund | 6.11% | 13.80% | 9.97% | 7.87% | -6.90% | 24.76% | 5.60% | 30.29% | -4.48% | 12.42% |
SVAIX Federated Hermes Strategic Value Dividend Fund | 9.26% | 15.26% | 16.47% | -1.81% | 8.47% | 21.52% | -7.88% | 19.59% | -8.23% | 15.10% |
Correlation
The correlation between NSEIX and SVAIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2005 | 0.79 |
The correlation between NSEIX and SVAIX shifts across timeframes, from 0.63 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NSEIX vs. SVAIX — Risk / Return Rank
NSEIX
SVAIX
NSEIX vs. SVAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Equity Income Fund (NSEIX) and Federated Hermes Strategic Value Dividend Fund (SVAIX). 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.
| NSEIX | SVAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.40 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 5.48 | -3.59 |
| Martin ratioReturn relative to average drawdown | 5.83 | 14.72 | -8.89 |
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Drawdowns
NSEIX vs. SVAIX - Drawdown Comparison
The maximum NSEIX drawdown since its inception was -48.12%, roughly equal to the maximum SVAIX drawdown of -50.62%. Use the drawdown chart below to compare losses from any high point for NSEIX and SVAIX.
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Drawdown Indicators
| NSEIX | SVAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.12% | -50.62% | +2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -4.66% | -2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -12.64% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -16.13% | -2.85% |
Max Drawdown (10Y)Largest decline over 10 years | -33.47% | -36.53% | +3.06% |
Current DrawdownCurrent decline from peak | -0.98% | -3.08% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -7.69% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 1.67% | +0.69% |
Volatility
NSEIX vs. SVAIX - Volatility Comparison
The current volatility for Nicholas Equity Income Fund (NSEIX) is 2.84%, while Federated Hermes Strategic Value Dividend Fund (SVAIX) has a volatility of 4.01%. This indicates that NSEIX experiences smaller price fluctuations and is considered to be less risky than SVAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NSEIX | SVAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 4.01% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 7.77% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 10.75% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.66% | 13.67% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 15.47% | +0.47% |
NSEIX vs. SVAIX - Expense Ratio Comparison
NSEIX has a 0.70% expense ratio, which is lower than SVAIX's 0.81% expense ratio.
Dividends
NSEIX vs. SVAIX - Dividend Comparison
NSEIX's dividend yield for the trailing twelve months is around 3.67%, less than SVAIX's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSEIX Nicholas Equity Income Fund | 3.67% | 10.85% | 4.03% | 4.28% | 3.92% | 11.53% | 1.97% | 13.05% | 17.55% | 6.83% | 3.85% | 7.26% |
SVAIX Federated Hermes Strategic Value Dividend Fund | 6.35% | 6.41% | 7.58% | 4.32% | 9.68% | 3.72% | 4.28% | 8.75% | 8.54% | 10.36% | 5.24% | 8.67% |
Frequently Asked Questions
NSEIX and SVAIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVAIX has higher volatility (4.01%) compared to NSEIX (2.84%). In terms of maximum drawdown, NSEIX dropped -48.12% vs SVAIX's -50.62%.
SVAIX currently has the higher Sharpe Ratio (2.38 vs 1.38), 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.
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