NSRIX vs. FDEV

Last updated Apr 1, 2026

Compare and contrast key facts about Northern Global Sustainability Index Fund (NSRIX) and Fidelity International Multifactor ETF (FDEV).

NSRIX is managed by Northern Funds. It was launched on Mar 4, 2008. FDEV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Targeted International Factor Index. It was launched on Feb 26, 2019.

Performance

NSRIX vs. FDEV - Performance Comparison

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

NSRIX vs. FDEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NSRIX Northern Global Sustainability Index Fund	-7.28%	21.03%	17.02%	25.44%	-19.45%	24.60%	15.49%	15.92%
FDEV Fidelity International Multifactor ETF	3.83%	30.36%	5.84%	13.37%	-16.54%	11.00%	5.49%	10.06%

Returns By Period

In the year-to-date period, NSRIX achieves a -7.28% return, which is significantly lower than FDEV's 3.83% return.

NSRIX

• 1D: -0.12%
• 1M: -9.21%
• YTD: -7.28%
• 6M: -3.67%
• 1Y: 16.53%
• 3Y*: 15.01%
• 5Y*: 9.39%
• 10Y*: 11.40%

FDEV

• 1D: 2.35%
• 1M: -4.83%
• YTD: 3.83%
• 6M: 9.22%
• 1Y: 25.14%
• 3Y*: 14.97%
• 5Y*: 7.95%
• 10Y*: —

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

NSRIX vs. FDEV - Expense Ratio Comparison

NSRIX has a 0.29% expense ratio, which is lower than FDEV's 0.39% expense ratio.

FDEV

Fidelity International Multifactor ETF

NSRIX

Northern Global Sustainability Index Fund

Return for Risk

NSRIX vs. FDEV — Risk / Return Rank

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

NSRIX

NSRIX Risk / Return Rank: 52
NSRIX Sharpe Ratio Rank: 52
NSRIX Sortino Ratio Rank: 58
NSRIX Omega Ratio Rank: 55
NSRIX Calmar Ratio Rank: 44
NSRIX Martin Ratio Rank: 50

FDEV

FDEV Risk / Return Rank: 89
FDEV Sharpe Ratio Rank: 86
FDEV Sortino Ratio Rank: 89
FDEV Omega Ratio Rank: 88
FDEV Calmar Ratio Rank: 89
FDEV Martin Ratio Rank: 91

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. FDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Global Sustainability Index Fund (NSRIX) and Fidelity International Multifactor ETF (FDEV). 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	FDEV	Difference
Sharpe ratio Return per unit of total volatility	0.98	1.73	-0.75
Sortino ratio Return per unit of downside risk	1.51	2.41	-0.90
Omega ratio Gain probability vs. loss probability	1.22	1.35	-0.14
Calmar ratio Return relative to maximum drawdown	1.11	2.85	-1.74
Martin ratio Return relative to average drawdown	4.97	11.64	-6.67
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. FDEV - Sharpe Ratio Comparison

The current NSRIX Sharpe Ratio is 0.98, which is lower than the FDEV Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of NSRIX and FDEV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NSRIX	FDEV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	1.73	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.58	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.53	-0.12

Correlation

The correlation between NSRIX and FDEV is 0.78, 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

NSRIX vs. FDEV - Dividend Comparison

NSRIX's dividend yield for the trailing twelve months is around 6.10%, more than FDEV's 2.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NSRIX Northern Global Sustainability Index Fund	6.10%	5.66%	5.55%	1.57%	1.90%	5.26%	1.62%	2.70%	3.46%	3.14%	3.46%	3.79%
FDEV Fidelity International Multifactor ETF	2.83%	2.86%	2.99%	2.80%	2.65%	2.81%	1.88%	2.73%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NSRIX vs. FDEV - Drawdown Comparison

The maximum NSRIX drawdown since its inception was -55.30%, which is greater than FDEV's maximum drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for NSRIX and FDEV.

Drawdown Indicators

	NSRIX	FDEV	Difference
Max Drawdown Largest peak-to-trough decline	-55.30%	-30.11%	-25.19%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-8.67%	-2.30%
Max Drawdown (5Y) Largest decline over 5 years	-27.86%	-29.02%	+1.16%
Max Drawdown (10Y) Largest decline over 10 years	-33.66%	—	—
Current Drawdown Current decline from peak	-10.36%	-4.83%	-5.53%
Average Drawdown Average peak-to-trough decline	-8.52%	-6.38%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.13%	+0.78%

Volatility

NSRIX vs. FDEV - Volatility Comparison

The current volatility for Northern Global Sustainability Index Fund (NSRIX) is 4.86%, while Fidelity International Multifactor ETF (FDEV) has a volatility of 6.22%. This indicates that NSRIX experiences smaller price fluctuations and is considered to be less risky than FDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NSRIX	FDEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	6.22%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	9.15%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	17.19%	14.62%	+2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	13.85%	+2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	15.38%	+1.69%