ASG vs. NOBL
ASG (Liberty All-Star Growth) is a stock, while NOBL (ProShares S&P 500 Dividend Aristocrats ETF) is Dividend fund tracking the S&P 500 Dividend Aristocrats Index. Over the past 10 years, ASG returned 11.08%/yr vs 9.86%/yr for NOBL. Their 0.55 correlation means they have sometimes moved together and sometimes differently. ASG charges 1.11%/yr vs 0.35%/yr for NOBL.
Performance
ASG vs. NOBL - Performance Comparison
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Returns By Period
In the year-to-date period, ASG achieves a 3.61% return, which is significantly lower than NOBL's 10.84% return. Over the past 10 years, ASG has outperformed NOBL with an annualized return of 11.08%, while NOBL has yielded a comparatively lower 9.86% annualized return.
ASG
- 1D
- 0.78%
- 1M
- -3.71%
- 6M
- 2.29%
- YTD
- 3.61%
- 1Y
- 4.94%
- 3Y*
- 6.85%
- 5Y*
- -1.04%
- 10Y*
- 11.08%
- ALL TIME*
- 4.87%
NOBL
- 1D
- -0.19%
- 1M
- -1.09%
- 6M
- 4.89%
- YTD
- 10.84%
- 1Y
- 15.41%
- 3Y*
- 8.04%
- 5Y*
- 6.49%
- 10Y*
- 9.86%
- ALL TIME*
- 10.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.74M | $1.40M | $1.42M | |
| $66.40M | $66.46M | $60.79M |
ASG vs. NOBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASG Liberty All-Star Growth | 3.61% | 2.21% | 16.78% | 16.23% | -40.91% | 22.60% | 37.99% | 60.54% | -14.35% | 44.64% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 10.84% | 6.84% | 6.72% | 8.09% | -6.52% | 25.46% | 8.35% | 27.39% | -3.26% | 21.02% |
Correlation
The correlation between ASG and NOBL is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2013 | 0.55 |
Over the past year, the correlation between ASG and NOBL has dropped to 0.28 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
ASG vs. NOBL — Risk / Return Rank
ASG
NOBL
ASG vs. NOBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Liberty All-Star Growth (ASG) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASG | NOBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.21 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 1.62 | -1.50 |
| Martin ratioReturn relative to average drawdown | 0.44 | 4.10 | -3.66 |
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Drawdowns
ASG vs. NOBL - Drawdown Comparison
The maximum ASG drawdown since its inception was -66.77%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for ASG and NOBL.
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Drawdown Indicators
| ASG | NOBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.77% | -35.43% | -31.34% |
Max Drawdown (1Y)Largest decline over 1 year | -15.77% | -9.11% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -25.25% | -15.36% | -9.89% |
Max Drawdown (5Y)Largest decline over 5 years | -45.91% | -17.92% | -27.99% |
Max Drawdown (10Y)Largest decline over 10 years | -45.91% | -35.43% | -10.48% |
Current DrawdownCurrent decline from peak | -19.48% | -2.31% | -17.17% |
Average DrawdownAverage peak-to-trough decline | -17.61% | -3.46% | -14.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 3.59% | +0.77% |
Volatility
ASG vs. NOBL - Volatility Comparison
Liberty All-Star Growth (ASG) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL) have volatilities of 5.29% and 5.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASG | NOBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 5.07% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.66% | 9.11% | +5.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.05% | 11.92% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.75% | 14.48% | +8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.10% | 16.63% | +8.47% |
ASG vs. NOBL - Expense Ratio Comparison
ASG has a 1.11% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Dividends
ASG vs. NOBL - Dividend Comparison
ASG's dividend yield for the trailing twelve months is around 9.14%, more than NOBL's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASG Liberty All-Star Growth | 9.14% | 8.68% | 8.32% | 8.14% | 10.14% | 11.33% | 7.68% | 7.08% | 10.48% | 7.58% | 8.61% | 16.81% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.04% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
Frequently Asked Questions
ASG and NOBL have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASG has higher volatility (5.29%) compared to NOBL (5.07%). In terms of maximum drawdown, ASG dropped -66.77% vs NOBL's -35.43%.
NOBL currently has the higher Sharpe Ratio (1.24 vs 0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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