Defensive
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | Large Cap Growth Equities, Dividend | 100% |
Performance
Performance Chart
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The earliest data available for this chart is Oct 10, 2013, corresponding to the inception date of NOBL
Returns By Period
As of May 11, 2025, the Defensive returned -0.66% Year-To-Date and 9.24% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -3.77% | 7.44% | -5.60% | 8.37% | 14.12% | 10.46% |
| Defensive | -0.66% | 3.99% | -6.59% | 0.77% | 11.55% | 9.24% |
| Portfolio components: | ||||||
NOBL ProShares S&P 500 Dividend Aristocrats ETF | -0.66% | 3.99% | -6.59% | 0.77% | 11.55% | 9.24% |
Monthly Returns
The table below presents the monthly returns of Defensive, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.81% | 1.66% | -1.34% | -3.90% | 0.24% | -0.66% | |||||||
| 2024 | -0.47% | 2.72% | 4.60% | -4.69% | 1.45% | -1.40% | 5.15% | 3.69% | 2.36% | -3.10% | 4.85% | -7.69% | 6.72% |
| 2023 | 3.23% | -2.36% | 0.99% | 2.12% | -5.90% | 8.08% | 2.59% | -2.34% | -5.73% | -3.49% | 6.60% | 5.22% | 8.09% |
| 2022 | -4.08% | -2.59% | 3.85% | -3.42% | 0.31% | -6.73% | 6.56% | -2.78% | -9.15% | 10.31% | 7.12% | -4.12% | -6.52% |
| 2021 | -2.05% | 2.89% | 7.63% | 4.37% | 2.45% | -1.27% | 2.14% | 1.87% | -5.68% | 5.95% | -1.76% | 7.25% | 25.46% |
| 2020 | -2.61% | -8.63% | -13.72% | 10.27% | 5.24% | 1.26% | 5.06% | 4.07% | -1.46% | -1.93% | 11.96% | 1.52% | 8.35% |
| 2019 | 5.40% | 4.67% | 1.85% | 1.68% | -5.50% | 7.10% | 0.88% | -0.60% | 3.43% | 1.22% | 3.08% | 1.81% | 27.39% |
| 2018 | 3.59% | -4.91% | -0.94% | -1.00% | 0.96% | 0.87% | 4.88% | 1.80% | 0.90% | -5.46% | 4.84% | -7.91% | -3.26% |
| 2017 | 0.69% | 3.67% | 0.24% | 1.48% | 0.75% | 0.89% | 1.09% | -0.63% | 3.02% | 1.43% | 4.61% | 2.11% | 21.02% |
| 2016 | -2.21% | 1.89% | 6.87% | 0.80% | 0.76% | 2.86% | 2.28% | -0.54% | -1.34% | -4.60% | 3.45% | 1.32% | 11.65% |
| 2015 | -2.75% | 4.68% | -1.14% | -1.03% | 1.29% | -1.80% | 2.46% | -4.98% | -2.41% | 7.33% | 0.24% | -0.81% | 0.44% |
| 2014 | -4.58% | 4.70% | 1.05% | 1.13% | 1.67% | 1.44% | -2.73% | 3.93% | -0.06% | 4.29% | 4.01% | 0.14% | 15.55% |
Expense Ratio
Defensive has an expense ratio of 0.35%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Defensive is 9, meaning it’s performing worse than 91% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 0.07 | 0.30 | 1.04 | 0.13 | 0.41 |
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Dividends
Dividend yield
Defensive provided a 2.16% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.16% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% |
| Portfolio components: | ||||||||||||
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.16% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% |
Monthly Dividends
The table below shows the monthly dividends paid by this portfolio.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.47 | |||||||
| 2024 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.59 | $2.05 |
| 2023 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.66 | $1.99 |
| 2022 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.60 | $1.74 |
| 2021 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.63 | $1.86 |
| 2020 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.53 | $1.71 |
| 2019 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.44 | $1.43 |
| 2018 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.42 | $1.44 |
| 2017 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.37 | $1.11 |
| 2016 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.42 | $1.15 |
| 2015 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.29 | $1.00 |
| 2014 | $0.18 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.24 | $0.80 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defensive. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defensive was 35.44%, occurring on Mar 23, 2020. Recovery took 139 trading sessions.
The current Defensive drawdown is 8.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.44% | Jan 21, 2020 | 44 | Mar 23, 2020 | 139 | Oct 8, 2020 | 183 |
| -17.92% | Jan 5, 2022 | 186 | Sep 30, 2022 | 200 | Jul 20, 2023 | 386 |
| -15.36% | Dec 2, 2024 | 87 | Apr 8, 2025 | — | — | — |
| -15.27% | Sep 24, 2018 | 64 | Dec 24, 2018 | 64 | Mar 28, 2019 | 128 |
| -12.92% | Jul 27, 2023 | 66 | Oct 27, 2023 | 79 | Feb 22, 2024 | 145 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 1 assets, with an effective number of assets of 1.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| ^GSPC | NOBL | Portfolio | |
|---|---|---|---|
| ^GSPC | 1.00 | 0.83 | 0.83 |
| NOBL | 0.83 | 1.00 | 1.00 |
| Portfolio | 0.83 | 1.00 | 1.00 |