NUESX vs. NTAUX

Last updated Jun 4, 2026

NUESX (Northern U.S. Quality ESG Fund) and NTAUX (Northern Tax-Advantaged U-S Fixed Income) are both mutual funds - NUESX is a Large Cap Blend Equities fund managed by Northern Funds, while NTAUX is a Ultrashort Bond fund managed by Northern Funds. Over the past 5 years, NUESX returned 12.00%/yr vs 1.85%/yr for NTAUX. At a 0.07 correlation, their price movements are largely independent. NUESX charges 0.39%/yr vs 0.25%/yr for NTAUX.

Performance

NUESX vs. NTAUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern U.S. Quality ESG Fund (NUESX) and Northern Tax-Advantaged U-S Fixed Income (NTAUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUESX achieves a 8.96% return, which is significantly higher than NTAUX's 0.95% return.

NUESX

• 1D: 0.30%
• 1M: 5.43%
• YTD: 8.96%
• 6M: 9.18%
• 1Y: 25.01%
• 3Y*: 19.74%
• 5Y*: 12.00%
• 10Y*: —

NTAUX

• 1D: 0.10%
• 1M: 0.36%
• YTD: 0.95%
• 6M: 1.15%
• 1Y: 2.92%
• 3Y*: 3.19%
• 5Y*: 1.85%
• 10Y*: 1.59%

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

NUESX vs. NTAUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NUESX Northern U.S. Quality ESG Fund	8.96%	15.33%	20.67%	25.22%	-18.85%	31.26%	20.20%	31.40%	-4.71%
NTAUX Northern Tax-Advantaged U-S Fixed Income	0.95%	2.60%	3.52%	4.06%	-1.59%	-0.03%	1.49%	2.52%	1.18%

Correlation

The correlation between NUESX and NTAUX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018	0.07

The correlation between NUESX and NTAUX shifts across timeframes, from 0.07 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NUESX vs. NTAUX — Risk / Return Rank

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

NUESX

NUESX Risk / Return Rank: 53
NUESX Sharpe Ratio Rank: 52
NUESX Sortino Ratio Rank: 50
NUESX Omega Ratio Rank: 49
NUESX Calmar Ratio Rank: 53
NUESX Martin Ratio Rank: 63

NTAUX

NTAUX Risk / Return Rank: 88
NTAUX Sharpe Ratio Rank: 83
NTAUX Sortino Ratio Rank: 97
NTAUX Omega Ratio Rank: 98
NTAUX Calmar Ratio Rank: 88
NTAUX Martin Ratio Rank: 74

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. NTAUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern U.S. Quality ESG Fund (NUESX) and Northern Tax-Advantaged U-S Fixed Income (NTAUX). 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	NTAUX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.69	-0.57
Sortino ratio: Return per unit of downside risk	2.98	5.95	-2.97
Omega ratio: Gain probability vs. loss probability	1.38	2.28	-0.90
Calmar ratio: Return relative to maximum drawdown	2.80	4.36	-1.56
Martin ratio: Return relative to average drawdown	12.48	14.09	-1.60
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. NTAUX - Sharpe Ratio Comparison

The current NUESX Sharpe Ratio is 2.12, which is comparable to the NTAUX Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of NUESX and NTAUX, 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

	NUESX	NTAUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	2.69	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	1.73	-1.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	1.60	-0.86

Drawdowns

NUESX vs. NTAUX - Drawdown Comparison

The maximum NUESX drawdown since its inception was -33.33%, which is greater than NTAUX's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for NUESX and NTAUX.

Drawdown Indicators

	NUESX	NTAUX	Difference
Max Drawdown Largest peak-to-trough decline	-33.33%	-2.95%	-30.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-0.68%	-8.73%
Max Drawdown (3Y) Largest decline over 3 years	-19.41%	-0.88%	-18.53%
Max Drawdown (5Y) Largest decline over 5 years	-24.96%	-2.95%	-22.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-2.95%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.22%	-0.20%	-5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	0.21%	+1.88%

Volatility

NUESX vs. NTAUX - Volatility Comparison

Northern U.S. Quality ESG Fund (NUESX) has a higher volatility of 2.70% compared to Northern Tax-Advantaged U-S Fixed Income (NTAUX) at 0.41%. This indicates that NUESX's price experiences larger fluctuations and is considered to be riskier than NTAUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUESX	NTAUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	0.41%	+2.29%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	0.82%	+8.50%
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	1.11%	+11.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.43%	1.08%	+16.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.64%	0.97%	+18.67%

NUESX vs. NTAUX - Expense Ratio Comparison

NUESX has a 0.39% expense ratio, which is higher than NTAUX's 0.25% expense ratio.

Dividends

NUESX vs. NTAUX - Dividend Comparison

NUESX's dividend yield for the trailing twelve months is around 11.68%, more than NTAUX's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NTAUX Northern Tax-Advantaged U-S Fixed Income	2.78%	2.27%	3.15%	1.96%	0.68%	0.46%	1.09%	1.69%	1.38%	0.93%	0.81%	0.61%
NUESX Northern U.S. Quality ESG Fund	11.68%	12.68%	1.50%	1.54%	3.71%	5.97%	1.60%	1.62%	2.44%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUESX and NTAUX in my portfolio?

NUESX and NTAUX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUESX or NTAUX?

NUESX has higher volatility (2.70%) compared to NTAUX (0.41%). In terms of maximum drawdown, NUESX dropped -33.33% vs NTAUX's -2.95%.

Which has better risk-adjusted returns?

NTAUX currently has the higher Sharpe Ratio (2.69 vs 2.12), 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.