NSEIX vs. VALAX
Compare and contrast key facts about Nicholas Equity Income Fund (NSEIX) and Al Frank Fund (VALAX).
NSEIX is managed by Nicholas. It was launched on Nov 23, 1993. VALAX is managed by Al Frank. It was launched on May 1, 2006.
Performance
NSEIX vs. VALAX - Performance Comparison
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NSEIX vs. VALAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSEIX Nicholas Equity Income Fund | -0.77% | 13.80% | 9.97% | 7.87% | -6.90% | 24.76% | 5.60% | 30.29% | -4.48% | 12.42% |
VALAX Al Frank Fund | 1.54% | 23.57% | 13.35% | 14.05% | -13.50% | 24.97% | 10.22% | 33.98% | -7.87% | 18.09% |
Returns By Period
In the year-to-date period, NSEIX achieves a -0.77% return, which is significantly lower than VALAX's 1.54% return. Over the past 10 years, NSEIX has underperformed VALAX with an annualized return of 9.67%, while VALAX has yielded a comparatively higher 12.38% annualized return.
NSEIX
- 1D
- -0.23%
- 1M
- -7.03%
- YTD
- -0.77%
- 6M
- -1.01%
- 1Y
- 12.76%
- 3Y*
- 10.31%
- 5Y*
- 7.36%
- 10Y*
- 9.67%
VALAX
- 1D
- -0.77%
- 1M
- -6.61%
- YTD
- 1.54%
- 6M
- 7.86%
- 1Y
- 29.09%
- 3Y*
- 17.10%
- 5Y*
- 8.94%
- 10Y*
- 12.38%
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NSEIX vs. VALAX - Expense Ratio Comparison
NSEIX has a 0.70% expense ratio, which is lower than VALAX's 1.24% expense ratio.
Return for Risk
NSEIX vs. VALAX — Risk / Return Rank
NSEIX
VALAX
NSEIX vs. VALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Equity Income Fund (NSEIX) and Al Frank Fund (VALAX). 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.
| NSEIX | VALAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.63 | -0.70 |
Sortino ratioReturn per unit of downside risk | 1.43 | 2.23 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.13 | -0.93 |
Martin ratioReturn relative to average drawdown | 4.73 | 9.00 | -4.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NSEIX | VALAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.63 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.51 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.64 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.39 | +0.18 |
Correlation
The correlation between NSEIX and VALAX is 0.92, 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.
Dividends
NSEIX vs. VALAX - Dividend Comparison
NSEIX's dividend yield for the trailing twelve months is around 10.94%, more than VALAX's 8.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSEIX Nicholas Equity Income Fund | 10.94% | 10.85% | 4.03% | 4.28% | 3.92% | 11.53% | 1.97% | 13.05% | 17.55% | 6.83% | 3.85% | 7.26% |
VALAX Al Frank Fund | 8.52% | 8.65% | 10.32% | 5.95% | 8.62% | 6.83% | 7.17% | 13.51% | 10.73% | 10.66% | 5.32% | 9.53% |
Drawdowns
NSEIX vs. VALAX - Drawdown Comparison
The maximum NSEIX drawdown since its inception was -48.12%, smaller than the maximum VALAX drawdown of -61.26%. Use the drawdown chart below to compare losses from any high point for NSEIX and VALAX.
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Drawdown Indicators
| NSEIX | VALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.12% | -61.26% | +13.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -13.03% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -25.81% | +6.83% |
Max Drawdown (10Y)Largest decline over 10 years | -33.47% | -38.22% | +4.75% |
Current DrawdownCurrent decline from peak | -7.30% | -8.56% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -10.83% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 3.08% | -0.43% |
Volatility
NSEIX vs. VALAX - Volatility Comparison
The current volatility for Nicholas Equity Income Fund (NSEIX) is 3.12%, while Al Frank Fund (VALAX) has a volatility of 4.61%. This indicates that NSEIX experiences smaller price fluctuations and is considered to be less risky than VALAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NSEIX | VALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 4.61% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 10.48% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.89% | 18.57% | -3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 17.70% | -3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 19.29% | -3.36% |