^AEX vs. NOBL
Compare and contrast key facts about AEX Index (^AEX) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
NOBL is a passively managed fund by ProShares that tracks the performance of the S&P 500 Dividend Aristocrats Index. It was launched on Oct 9, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^AEX or NOBL.
Key characteristics
| ^AEX | NOBL | |
|---|---|---|
| YTD Return | 11.44% | -0.95% |
| 1Y Return | 10.83% | -0.87% |
| 5Y Return (Ann) | 6.31% | 9.51% |
| 10Y Return (Ann) | 7.42% | 10.63% |
| Sharpe Ratio | 0.43 | 0.03 |
| Daily Std Dev | 17.74% | 18.37% |
| Max Drawdown | -71.60% | -35.43% |
Correlation
The correlation between ^AEX and NOBL is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
^AEX vs. NOBL - Performance Comparison
In the year-to-date period, ^AEX achieves a 11.44% return, which is significantly lower than NOBL's -0.95% return. Over the past 10 years, ^AEX has underperformed NOBL with an annualized return of 7.42%, while NOBL has yielded a comparatively higher 10.63% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
^AEX vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AEX Index (^AEX) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). 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 | Ulcer Index | |
|---|---|---|---|---|---|
^AEX AEX Index | 0.43 | ||||
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 0.03 |
^AEX vs. NOBL - Drawdown Comparison
The maximum ^AEX drawdown for the period was -22.30%, lower than the maximum NOBL drawdown of -10.22%. The drawdown chart below compares losses from any high point along the way for ^AEX and NOBL
^AEX vs. NOBL - Volatility Comparison
AEX Index (^AEX) has a higher volatility of 4.10% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.90%. This indicates that ^AEX's price experiences larger fluctuations and is considered to be riskier than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.