NSOIX vs. SPY
Compare and contrast key facts about North Star Opportunity Fund (NSOIX) and State Street SPDR S&P 500 ETF (SPY).
NSOIX is managed by North Star. It was launched on Dec 14, 2011. 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.
Performance
NSOIX vs. SPY - Performance Comparison
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NSOIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSOIX North Star Opportunity Fund | -3.84% | 12.60% | 10.84% | 13.65% | -23.08% | 20.83% | 17.57% | 26.61% | -10.18% | 11.91% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
The year-to-date returns for both investments are quite close, with NSOIX having a -3.84% return and SPY slightly higher at -3.65%. Over the past 10 years, NSOIX has underperformed SPY with an annualized return of 8.17%, while SPY has yielded a comparatively higher 14.06% annualized return.
NSOIX
- 1D
- 1.92%
- 1M
- -2.89%
- YTD
- -3.84%
- 6M
- 2.25%
- 1Y
- 14.18%
- 3Y*
- 9.04%
- 5Y*
- 3.39%
- 10Y*
- 8.17%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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NSOIX vs. SPY - Expense Ratio Comparison
NSOIX has a 1.30% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
NSOIX vs. SPY — Risk / Return Rank
NSOIX
SPY
NSOIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North Star Opportunity Fund (NSOIX) and State Street 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.
| NSOIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.96 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.49 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.53 | -0.19 |
Martin ratioReturn relative to average drawdown | 5.50 | 7.27 | -1.77 |
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
| NSOIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.96 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.70 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.79 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.56 | +0.01 |
Correlation
The correlation between NSOIX and SPY is 0.87, 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
NSOIX vs. SPY - Dividend Comparison
NSOIX's dividend yield for the trailing twelve months is around 6.34%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSOIX North Star Opportunity Fund | 6.34% | 6.13% | 4.08% | 2.66% | 4.68% | 2.38% | 0.52% | 1.36% | 6.81% | 1.62% | 1.03% | 2.53% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
NSOIX vs. SPY - Drawdown Comparison
The maximum NSOIX drawdown since its inception was -33.29%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NSOIX and SPY.
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Drawdown Indicators
| NSOIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -55.19% | +21.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -12.05% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -27.89% | -24.50% | -3.39% |
Max Drawdown (10Y)Largest decline over 10 years | -33.29% | -33.72% | +0.43% |
Current DrawdownCurrent decline from peak | -5.60% | -5.53% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -9.09% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.54% | +0.17% |
Volatility
NSOIX vs. SPY - Volatility Comparison
The current volatility for North Star Opportunity Fund (NSOIX) is 3.86%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that NSOIX 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.
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Volatility by Period
| NSOIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 5.35% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.04% | 9.50% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 19.06% | -4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 17.06% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 17.92% | -2.33% |