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ProShares S&P 500 Dividend Aristocrats ETF (NOBL) Sharpe Ratio: 1.15

ETF · Currency in USD · Last updated Jun 18, 2026

The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) seeks to track the investment results of the S&P 500 Dividend Aristocrats Index, which includes high-quality, dividend-paying companies that have consistently increased their dividends for 25 consecutive years. The fund aims to provide potential capital appreciation and income through exposure to financially solid and stable companies.

NOBL's Sharpe Ratio of 1.15 indicates that for each unit of volatility, it generates 1.15 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 18, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

NOBL Sharpe Ratio Rank

NOBL Sharpe Ratio Rank: 32.633
Below Average

NOBL ranks above 32.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

NOBL Sharpe Ratio Market Positioning

The chart shows NOBL's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.21
  • Green zone (top 25%): 2.21 or higher
  • Top 1%: 7.25+
  • Median: 1.63 — half of all investments score higher

How it compares to other similar ETFs

The table compares ProShares S&P 500 Dividend Aristocrats ETF's Sharpe Ratio with other ETFs in the Dividend, S&P 500, Large Cap Value Equities category across multiple time periods, showing how NOBL's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 18, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CPSPCalamos S&P 500 Structured Alt Protection ETF - April5.12
PMMYPGIM S&P 500 Max Buffer ETF - May4.63
VLUEiShares MSCI USA Value Factor ETF4.53
AMDYYieldMax AMD Option Income Strategy ETF3.73
PMJAPGIM S&P 500 Max Buffer ETF - January3.70
PMFBPGIM S&P 500 Max Buffer ETF - February3.57
CPSMCalamos S&P 500 Structured Alt Protection ETF - May3.57
CPSUCalamos S&P 500 Structured Alt Protection ETF - June3.51
CPSTCalamos S&P 500 Structured Alt Protection ETF - September3.48
HIBLDirexion Daily S&P 500 High Beta Bull 3X Shares3.35
NOBLProShares S&P 500 Dividend Aristocrats ETF1.15

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows NOBL's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when NOBL consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does NOBL fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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