AIRR vs. NOBL
Compare and contrast key facts about First Trust RBA American Industrial Renaissance ETF (AIRR) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
AIRR and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014. 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. Both AIRR and NOBL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIRR or NOBL.
Performance
AIRR vs. NOBL - Performance Comparison
Returns By Period
In the year-to-date period, AIRR achieves a 41.68% return, which is significantly higher than NOBL's 12.04% return. Over the past 10 years, AIRR has outperformed NOBL with an annualized return of 16.26%, while NOBL has yielded a comparatively lower 10.11% annualized return.
AIRR
41.68%
6.00%
17.69%
60.46%
23.79%
16.26%
NOBL
12.04%
-2.48%
5.91%
19.92%
9.50%
10.11%
Key characteristics
| AIRR | NOBL | |
|---|---|---|
| Sharpe Ratio | 2.48 | 1.94 |
| Sortino Ratio | 3.26 | 2.72 |
| Omega Ratio | 1.40 | 1.34 |
| Calmar Ratio | 5.96 | 2.71 |
| Martin Ratio | 14.64 | 8.70 |
| Ulcer Index | 4.10% | 2.27% |
| Daily Std Dev | 24.17% | 10.18% |
| Max Drawdown | -42.37% | -35.43% |
| Current Drawdown | -4.31% | -2.62% |
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AIRR vs. NOBL - Expense Ratio Comparison
AIRR has a 0.70% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Correlation
The correlation between AIRR and NOBL is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
AIRR vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) 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.
Dividends
AIRR vs. NOBL - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.16%, less than NOBL's 2.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.16% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% | 0.00% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.01% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.60% | 0.30% |
Drawdowns
AIRR vs. NOBL - Drawdown Comparison
The maximum AIRR drawdown since its inception was -42.37%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for AIRR and NOBL. For additional features, visit the drawdowns tool.
Volatility
AIRR vs. NOBL - Volatility Comparison
First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 9.51% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.00%. This indicates that AIRR'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.