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Last updated May 27, 2023

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

YTD Return11.44%-0.95%
1Y Return10.83%-0.87%
5Y Return (Ann)6.31%9.51%
10Y Return (Ann)7.42%10.63%
Sharpe Ratio0.430.03
Daily Std Dev17.74%18.37%
Max Drawdown-71.60%-35.43%



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 Index

^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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AEX Index
ProShares S&P 500 Dividend Aristocrats ETF

^AEX vs. NOBL - Sharpe Ratio Comparison

The current ^AEX Sharpe Ratio is 0.42, which is higher than the NOBL Sharpe Ratio of -0.05. The chart below compares the 12-month rolling Sharpe Ratio of ^AEX and NOBL.


^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.