NSRIX vs. DWM

Last updated Jun 3, 2026

NSRIX (Northern Global Sustainability Index Fund) and DWM (WisdomTree International Equity Fund) are both funds - NSRIX is a Global Equities fund managed by Northern Funds, while DWM is a Foreign Large Cap Equities fund tracking the WisdomTree International Equity Index. Over the past 10 years, NSRIX returned 13.01%/yr vs 8.58%/yr for DWM. Their correlation of 0.88 suggests significant overlap in exposure. NSRIX charges 0.29%/yr vs 0.48%/yr for DWM.

Performance

NSRIX vs. DWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Global Sustainability Index Fund (NSRIX) and WisdomTree International Equity Fund (DWM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NSRIX achieves a 10.10% return, which is significantly higher than DWM's 8.26% return. Over the past 10 years, NSRIX has outperformed DWM with an annualized return of 13.01%, while DWM has yielded a comparatively lower 8.58% annualized return.

NSRIX

• 1D: 0.60%
• 1M: 4.58%
• YTD: 10.10%
• 6M: 11.72%
• 1Y: 27.19%
• 3Y*: 20.33%
• 5Y*: 11.86%
• 10Y*: 13.01%

DWM

• 1D: 0.35%
• 1M: 1.63%
• YTD: 8.26%
• 6M: 11.35%
• 1Y: 20.92%
• 3Y*: 18.27%
• 5Y*: 10.00%
• 10Y*: 8.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NSRIX vs. DWM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NSRIX Northern Global Sustainability Index Fund	10.10%	21.03%	17.02%	25.44%	-19.45%	24.60%	15.49%	28.29%	-7.65%	21.21%
DWM WisdomTree International Equity Fund	8.26%	34.83%	4.15%	16.63%	-9.04%	10.76%	-2.33%	18.98%	-13.53%	24.08%

Correlation

The correlation between NSRIX and DWM is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Mar 7, 2008	0.88

Over the past year, the correlation between NSRIX and DWM has dropped to 0.67 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

NSRIX vs. DWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NSRIX

NSRIX Risk / Return Rank: 57
NSRIX Sharpe Ratio Rank: 56
NSRIX Sortino Ratio Rank: 56
NSRIX Omega Ratio Rank: 53
NSRIX Calmar Ratio Rank: 54
NSRIX Martin Ratio Rank: 65

DWM

DWM Risk / Return Rank: 42
DWM Sharpe Ratio Rank: 42
DWM Sortino Ratio Rank: 42
DWM Omega Ratio Rank: 42
DWM Calmar Ratio Rank: 40
DWM Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NSRIX vs. DWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Global Sustainability Index Fund (NSRIX) and WisdomTree International Equity Fund (DWM). 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.

	NSRIX	DWM	Difference
Sharpe ratio Return per unit of total volatility	2.23	1.48	+0.74
Sortino ratio Return per unit of downside risk	3.16	2.16	+1.01
Omega ratio Gain probability vs. loss probability	1.40	1.27	+0.13
Calmar ratio Return relative to maximum drawdown	2.84	2.02	+0.81
Martin ratio Return relative to average drawdown	12.68	7.48	+5.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NSRIX vs. DWM - Sharpe Ratio Comparison

The current NSRIX Sharpe Ratio is 2.23, which is higher than the DWM Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of NSRIX and DWM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NSRIX	DWM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	1.48	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.66	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.52	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.27	+0.19

Drawdowns

NSRIX vs. DWM - Drawdown Comparison

The maximum NSRIX drawdown since its inception was -55.30%, smaller than the maximum DWM drawdown of -62.10%. Use the drawdown chart below to compare losses from any high point for NSRIX and DWM.

Drawdown Indicators

	NSRIX	DWM	Difference
Max Drawdown Largest peak-to-trough decline	-55.30%	-62.10%	+6.80%
Max Drawdown (1Y) Largest decline over 1 year	-10.36%	-10.93%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-12.69%	-4.89%
Max Drawdown (5Y) Largest decline over 5 years	-27.86%	-25.64%	-2.22%
Max Drawdown (10Y) Largest decline over 10 years	-33.66%	-37.82%	+4.16%
Current Drawdown Current decline from peak	0.00%	-2.03%	+2.03%
Average Drawdown Average peak-to-trough decline	-8.45%	-13.50%	+5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.96%	-0.64%

Volatility

NSRIX vs. DWM - Volatility Comparison

The current volatility for Northern Global Sustainability Index Fund (NSRIX) is 3.67%, while WisdomTree International Equity Fund (DWM) has a volatility of 4.59%. This indicates that NSRIX experiences smaller price fluctuations and is considered to be less risky than DWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NSRIX	DWM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	4.59%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	9.97%	11.80%	-1.83%
Volatility (1Y) Calculated over the trailing 1-year period	12.83%	14.20%	-1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.46%	15.28%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.13%	16.59%	+0.54%

NSRIX vs. DWM - Expense Ratio Comparison

NSRIX has a 0.29% expense ratio, which is lower than DWM's 0.48% expense ratio.

Dividends

NSRIX vs. DWM - Dividend Comparison

NSRIX's dividend yield for the trailing twelve months is around 5.14%, more than DWM's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DWM WisdomTree International Equity Fund	2.74%	3.06%	3.86%	4.15%	4.36%	3.64%	2.74%	3.46%	3.86%	2.99%	3.43%	3.55%
NSRIX Northern Global Sustainability Index Fund	5.14%	5.66%	5.55%	1.57%	1.90%	5.26%	1.62%	2.70%	3.46%	3.14%	3.46%	3.79%

Frequently Asked Questions

Can I hold both NSRIX and DWM in my portfolio?

NSRIX and DWM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NSRIX or DWM?

DWM has higher volatility (4.59%) compared to NSRIX (3.67%). In terms of maximum drawdown, NSRIX dropped -55.30% vs DWM's -62.10%.

Which has better risk-adjusted returns?

NSRIX currently has the higher Sharpe Ratio (2.23 vs 1.48), 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.