NSEIX Performance — Nicholas Equity Income Fund, Inc.
Data updated: 2026-09-22
NSEIX returned +9.23% year to date and +12.39% over one year to Jul 2026. Annualised returns are +10.88% over 3 years and +7.01% over 5 years. The fund trailed its US Large Value category average: $100 invested three years ago grew to $136, against $160 for the category, and to $112 over one year, against $122. Volatility over the past three years was 10.86% a year. In the 12 months to Jul 2026 the fund lost a net $24.2M, and assets reached $470.12M.
NSEIX Growth of $100
What $100 invested in Nicholas Equity Income Fund, Inc. grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | NSEIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $112 | $122 |
| 3 years (Jul 2023 – Jul 2026) | $136 | $160 |
| 5 years (Jul 2021 – Jul 2026) | $140 | $168 |
| Since data start (Jul 2019 – Jul 2026) | $195 | $227 |
NSEIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.23% |
| 1 year | +12.39% |
| 3 years (annualised) | +10.88% |
| 5 years (annualised) | +7.01% |
NSEIX Annual Returns
Calendar-year total returns of Nicholas Equity Income Fund, Inc., compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +9.23% |
| 2025 (Jan–Dec) | +7.73% |
| 2024 | +9.98% |
| 2023 | +7.89% |
| 2022 | −6.88% |
| 2021 | +24.94% |
| 2020 | +8.72% |
| 2019 (Jul–Dec) | +10.39% |
NSEIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.1% | +2.5% | −5.5% | +4.6% | −0.1% | +1.3% | +2.5% | — | — | — | — | — |
| 2025 | +3.0% | +0.8% | −3.6% | −2.8% | +3.5% | +4.0% | — | +2.6% | +0.5% | −2.1% | +1.6% | +0.3% |
| 2024 | +0.5% | +2.4% | +4.0% | −3.9% | +2.6% | −0.1% | +3.3% | +3.2% | +1.4% | −1.6% | +3.5% | −5.2% |
| 2023 | +2.7% | −2.5% | −0.3% | +0.8% | −3.7% | +5.8% | +3.0% | −2.9% | −4.2% | −2.1% | +7.0% | +4.8% |
| 2022 | −2.6% | −1.7% | +1.4% | −4.5% | +1.4% | −7.6% | +5.4% | −2.9% | −7.7% | +9.3% | +6.6% | −2.6% |
| 2021 | −0.9% | +3.8% | +6.0% | +4.2% | +2.5% | −0.7% | +0.6% | +2.3% | −4.4% | +5.7% | −2.4% | +6.3% |
| 2020 | −2.0% | −8.1% | −12.9% | +11.0% | +3.8% | +0.6% | +3.6% | +3.4% | −2.2% | −0.9% | +11.7% | +3.2% |
| 2019 | — | — | — | — | — | — | +2.0% | −1.1% | +2.9% | +0.5% | +2.7% | +3.0% |
NSEIX Risk
Risk measures from monthly returns over Jul 2023 – Jul 2026.
- 3-year volatility (annualised): 10.86%
- 3-year Sharpe ratio: 0.59 (vs 4.5% risk-free rate)
- Best month: +7.02% (Nov 2023)
- Worst month: −5.54% (Mar 2026)
NSEIX Fund Flows
Monthly money in and out of Nicholas Equity Income Fund, Inc., from SEC Form N-PORT.
- 12-month net flow: −$24.2M
- 12-month gross sales (incl. reinvestments): $15.9M
- Sales ÷ redemptions: 0.40×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $1.2M | $1.9M | −$729K |
| Jun 2026 | $401K | $3.3M | −$2.9M |
| May 2026 | $440K | $8.6M | −$8.1M |
| Apr 2026 | $1.3M | $2.9M | −$1.6M |
| Mar 2026 | $1.2M | $2.3M | −$1.2M |
| Feb 2026 | $1.3M | $2.7M | −$1.3M |
| Jan 2026 | $1.1M | $2.9M | −$1.9M |
| Dec 2025 | $5.5M | $2.4M | $3.1M |
| Nov 2025 | $228K | $3.8M | −$3.6M |
| Oct 2025 | $1.7M | $3.7M | −$2.0M |
| Sep 2025 | $319K | $2.5M | −$2.2M |
| Aug 2025 | $1.3M | $3.1M | −$1.8M |
NSEIX Assets Under Management
Net assets of Nicholas Equity Income Fund, Inc. by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $470.12M |
| 2026-04-30 | $468.12M |
| 2026-01-31 | $468.11M |
| 2025-10-31 | $454.90M |
| 2025-06-30 | $453.52M |
| 2025-03-31 | $449.90M |
| 2024-12-31 | $462.36M |
| 2024-09-30 | $487.70M |
| 2024-06-28 | $457.77M |
| 2024-03-31 | $473.67M |
| 2023-12-31 | $452.00M |
| 2023-09-30 | $421.93M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.