NOEQ vs RECS
Northern Trust US Equity ETF vs Columbia Research Enhanced Core ETF
Which is better, NOEQ or RECS?
NOEQ costs less.
NOEQ has a lower expense ratio. RECS is less concentrated, with 42.0% of the fund in its ten largest positions against 61.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NOEQ | RECS |
|---|---|---|
| Expense Ratio | 0.12%Best | 0.15% |
| AUM | $906M | $6.2B |
| Dividend Yield | 0.41% | 1.01% |
| Holdings | 406 | 718 |
| YTD Return | +17.57%Best | +11.16% |
| 1Y Return | - | +15.54% |
| 3Y Return (annualized) | - | +22.44% |
| 5Y Return (annualized) | - | +13.81% |
| Top 10 Weight | 61.7% | 42.0%Best |
| Fund Family | Northern Trust Asset Management | Columbia Threadneedle Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 20, 2026 | Sep 25, 2019 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
NOEQ vs RECS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
NOEQ vs RECS Performance
Northern Trust US Equity ETF (NOEQ) is an ETF from Northern Trust Asset Management and Columbia Research Enhanced Core ETF (RECS) is an ETF from Columbia Threadneedle Investments. Year to date, NOEQ is up 17.57% versus a gain of 11.16% for RECS.
Past performance does not guarantee future results.
Fees and Cost Over Time
NOEQ charges 0.12% per year while RECS charges 0.15%. On a $10,000 position that is $12 vs $15 annually, a gap of $3 per year that compounds over a long holding period. On income, NOEQ currently yields 0.41% against 1.01% for RECS.
Holdings Overlap
18.1% of NOEQ's money is in holdings RECS also owns. 75.3% of RECS's money is in holdings NOEQ also owns.
Most of RECS is already inside NOEQ. Owning both mostly buys the same companies twice.
121 positions in common, counted across the 401 positions we hold weights for in NOEQ and 353 in RECS, against full books of 406 and 718.
What only one of them owns
Our book lists 217 positions for RECS that do not appear in our book for NOEQ (23.1% of the fund), and 197 for NOEQ that do not appear in RECS (80.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NOEQ | Weight in RECS | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.29% | 12.01% | 8.72% |
| AAPLApple, Inc | 2.86% | 11.96% | 9.10% |
| XLCCommunication Services Select | 4.09% | 1.53% | 2.56% |
| CVXChevron Corp | 3.88% | 1.60% | 2.28% |
| METAMeta Platforms Inc | 0.36% | 4.79% | 4.43% |
| MUMicron Technology, Inc. | 0.46% | 2.28% | 1.82% |
| MAMastercard Inc | 0.25% | 2.36% | 2.11% |
| BACBank of America Corp.: Financials | 0.24% | 2.04% | 1.80% |
| TJXTjx Cos., Inc. | 0.02% | 1.24% | 1.22% |
| MOAltria Group Inc | 0.01% | 1.22% | 1.21% |
75.3% of RECS is already inside NOEQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NOEQ or RECS?
NOEQ has an expense ratio of 0.12% while RECS charges 0.15%. NOEQ is the cheaper option, by $3 a year on a $10,000 investment.
What is the holdings overlap between NOEQ and RECS?
75.3% of RECS's money is in holdings NOEQ also owns. 75.3% of RECS's is in holdings NOEQ also owns. They hold 121 positions in common, counted across the 401 positions we hold weights for in NOEQ and 353 in RECS.
Which pays a higher dividend, NOEQ or RECS?
NOEQ yields 0.41% while RECS yields 1.01%, so RECS currently pays the higher dividend yield.
Is RECS better than NOEQ?
NOEQ has a lower expense ratio. RECS is less concentrated, with 42.0% of the fund in its ten largest positions against 61.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.