NUESX vs. NOSGX

Last updated Apr 1, 2026

Compare and contrast key facts about Northern U.S. Quality ESG Fund (NUESX) and Northern Small Cap Value Fund (NOSGX).

NUESX is managed by Northern Funds. It was launched on Oct 2, 2017. NOSGX is managed by Northern Funds. It was launched on Mar 31, 1994.

Performance

NUESX vs. NOSGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern U.S. Quality ESG Fund (NUESX) and Northern Small Cap Value Fund (NOSGX). The values are adjusted to include any dividend payments, if applicable.

NUESX vs. NOSGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NUESX Northern U.S. Quality ESG Fund	-7.73%	15.33%	20.67%	25.22%	-18.85%	31.26%	20.20%	31.40%	-4.71%
NOSGX Northern Small Cap Value Fund	2.19%	10.63%	2.60%	15.67%	-10.50%	26.17%	-2.29%	22.30%	-11.13%

Returns By Period

In the year-to-date period, NUESX achieves a -7.73% return, which is significantly lower than NOSGX's 2.19% return.

NUESX

• 1D: -0.25%
• 1M: -7.69%
• YTD: -7.73%
• 6M: -5.35%
• 1Y: 12.31%
• 3Y*: 14.74%
• 5Y*: 9.63%
• 10Y*: —

NOSGX

• 1D: -0.68%
• 1M: -5.95%
• YTD: 2.19%
• 6M: 4.99%
• 1Y: 20.27%
• 3Y*: 10.17%
• 5Y*: 4.96%
• 10Y*: 7.53%

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

NUESX vs. NOSGX - Expense Ratio Comparison

NUESX has a 0.39% expense ratio, which is lower than NOSGX's 1.00% expense ratio.

NOSGX

Northern Small Cap Value Fund

NUESX

Northern U.S. Quality ESG Fund

Return for Risk

NUESX vs. NOSGX — Risk / Return Rank

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

NUESX

NUESX Risk / Return Rank: 29
NUESX Sharpe Ratio Rank: 28
NUESX Sortino Ratio Rank: 32
NUESX Omega Ratio Rank: 33
NUESX Calmar Ratio Rank: 23
NUESX Martin Ratio Rank: 28

NOSGX

NOSGX Risk / Return Rank: 49
NOSGX Sharpe Ratio Rank: 45
NOSGX Sortino Ratio Rank: 53
NOSGX Omega Ratio Rank: 45
NOSGX Calmar Ratio Rank: 50
NOSGX Martin Ratio Rank: 51

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.

NUESX vs. NOSGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern U.S. Quality ESG Fund (NUESX) and Northern Small Cap Value Fund (NOSGX). 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.

	NUESX	NOSGX	Difference
Sharpe ratio Return per unit of total volatility	0.67	0.90	-0.22
Sortino ratio Return per unit of downside risk	1.13	1.45	-0.32
Omega ratio Gain probability vs. loss probability	1.16	1.19	-0.03
Calmar ratio Return relative to maximum drawdown	0.68	1.21	-0.53
Martin ratio Return relative to average drawdown	3.07	4.99	-1.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUESX vs. NOSGX - Sharpe Ratio Comparison

The current NUESX Sharpe Ratio is 0.67, which is comparable to the NOSGX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of NUESX and NOSGX, 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

	NUESX	NOSGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	0.90	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.21	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.38	+0.25

Correlation

The correlation between NUESX and NOSGX 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

NUESX vs. NOSGX - Dividend Comparison

NUESX's dividend yield for the trailing twelve months is around 13.79%, less than NOSGX's 43.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NUESX Northern U.S. Quality ESG Fund	13.79%	12.68%	1.50%	1.54%	3.71%	5.97%	1.60%	1.62%	2.44%	0.00%	0.00%	0.00%
NOSGX Northern Small Cap Value Fund	43.05%	43.99%	57.55%	6.99%	5.84%	16.35%	1.96%	7.08%	11.90%	9.76%	2.26%	4.50%

Drawdowns

NUESX vs. NOSGX - Drawdown Comparison

The maximum NUESX drawdown since its inception was -33.33%, smaller than the maximum NOSGX drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for NUESX and NOSGX.

Drawdown Indicators

	NUESX	NOSGX	Difference
Max Drawdown Largest peak-to-trough decline	-33.33%	-56.92%	+23.59%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-14.49%	+2.06%
Max Drawdown (5Y) Largest decline over 5 years	-24.96%	-28.34%	+3.38%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.66%	—
Current Drawdown Current decline from peak	-9.41%	-7.81%	-1.60%
Average Drawdown Average peak-to-trough decline	-5.31%	-9.09%	+3.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	3.58%	-0.53%

Volatility

NUESX vs. NOSGX - Volatility Comparison

The current volatility for Northern U.S. Quality ESG Fund (NUESX) is 4.30%, while Northern Small Cap Value Fund (NOSGX) has a volatility of 5.43%. This indicates that NUESX experiences smaller price fluctuations and is considered to be less risky than NOSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUESX	NOSGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	5.43%	-1.13%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	12.84%	-3.36%
Volatility (1Y) Calculated over the trailing 1-year period	19.71%	23.15%	-3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.40%	23.92%	-6.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.75%	24.53%	-4.78%