CEZ.PR vs. NOBL

Last updated Jun 5, 2026

CEZ.PR (Cez A.S.) 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, CEZ.PR returned 19.20%/yr vs 8.13%/yr for NOBL. At a 0.05 correlation, their price movements are largely independent.

Performance

CEZ.PR vs. NOBL - Performance Comparison

The chart below illustrates the hypothetical performance of a CZK 10,000 investment in Cez A.S. (CEZ.PR) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CEZ.PR is traded in CZK, while NOBL is traded in USD. To make them comparable, the NOBL values have been converted to CZK using the latest available exchange rates.

Returns By Period

In the year-to-date period, CEZ.PR achieves a -0.62% return, which is significantly lower than NOBL's 5.85% return. Over the past 10 years, CEZ.PR has outperformed NOBL with an annualized return of 19.20%, while NOBL has yielded a comparatively lower 8.13% annualized return.

CEZ.PR

• 1D: -0.23%
• 1M: 7.25%
• YTD: -0.62%
• 6M: 0.63%
• 1Y: 11.33%
• 3Y*: 17.10%
• 5Y*: 24.01%
• 10Y*: 19.20%

NOBL

• 1D: 0.79%
• 1M: 0.91%
• YTD: 5.85%
• 6M: 4.98%
• 1Y: 5.77%
• 3Y*: 6.62%
• 5Y*: 5.18%
• 10Y*: 8.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEZ.PR vs. NOBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CEZ.PR Cez A.S.	-0.62%	40.70%	5.78%	45.23%	-2.49%	74.83%	8.41%	-0.34%	14.53%	24.87%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	5.85%	-9.70%	16.08%	7.26%	-3.66%	27.78%	2.68%	28.78%	1.94%	0.27%

Correlation

The correlation between CEZ.PR and NOBL is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Oct 11, 2013	0.05

Return for Risk

CEZ.PR vs. NOBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEZ.PR

CEZ.PR Risk / Return Rank: 56
CEZ.PR Sharpe Ratio Rank: 60
CEZ.PR Sortino Ratio Rank: 50
CEZ.PR Omega Ratio Rank: 57
CEZ.PR Calmar Ratio Rank: 56
CEZ.PR Martin Ratio Rank: 56

NOBL

NOBL Risk / Return Rank: 25
NOBL Sharpe Ratio Rank: 26
NOBL Sortino Ratio Rank: 27
NOBL Omega Ratio Rank: 24
NOBL Calmar Ratio Rank: 25
NOBL Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEZ.PR vs. NOBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cez A.S. (CEZ.PR) 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.

	CEZ.PR	NOBL	Difference
Sharpe ratio: Return per unit of total volatility	0.55	0.50	+0.05
Sortino ratio: Return per unit of downside risk	0.83	0.78	+0.05
Omega ratio: Gain probability vs. loss probability	1.15	1.09	+0.06
Calmar ratio: Return relative to maximum drawdown	0.66	0.80	-0.14
Martin ratio: Return relative to average drawdown	1.47	1.77	-0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEZ.PR vs. NOBL - Sharpe Ratio Comparison

The current CEZ.PR Sharpe Ratio is 0.55, which is comparable to the NOBL Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of CEZ.PR and NOBL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CEZ.PR	NOBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	0.50	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.35	+0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	0.49	+0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.67	-0.19

Drawdowns

CEZ.PR vs. NOBL - Drawdown Comparison

The maximum CEZ.PR drawdown since its inception was -68.97%, which is greater than NOBL's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for CEZ.PR and NOBL.

Drawdown Indicators

	CEZ.PR	NOBL	Difference
Max Drawdown Largest peak-to-trough decline	-68.97%	-27.64%	-41.33%
Max Drawdown (1Y) Largest decline over 1 year	-17.29%	-7.28%	-10.01%
Max Drawdown (3Y) Largest decline over 3 years	-21.08%	-19.94%	-1.14%
Max Drawdown (5Y) Largest decline over 5 years	-36.27%	-19.94%	-16.33%
Max Drawdown (10Y) Largest decline over 10 years	-36.27%	-27.64%	-8.63%
Current Drawdown Current decline from peak	-6.13%	-10.50%	+4.37%
Average Drawdown Average peak-to-trough decline	-23.55%	-5.26%	-18.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.73%	3.27%	+4.46%

Volatility

CEZ.PR vs. NOBL - Volatility Comparison

Cez A.S. (CEZ.PR) has a higher volatility of 6.41% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.20%. This indicates that CEZ.PR'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.

Volatility by Period

	CEZ.PR	NOBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	2.20%	+4.21%
Volatility (6M) Calculated over the trailing 6-month period	19.60%	8.30%	+11.30%
Volatility (1Y) Calculated over the trailing 1-year period	20.92%	11.61%	+9.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.56%	14.72%	+9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.67%	16.76%	+4.91%

Dividends

CEZ.PR vs. NOBL - Dividend Comparison

CEZ.PR's dividend yield for the trailing twelve months is around 3.65%, more than NOBL's 2.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CEZ.PR Cez A.S.	3.65%	3.63%	5.43%	15.13%	6.23%	6.29%	6.60%	4.71%	6.17%	6.65%	9.30%	9.00%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	2.10%	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

Can I hold both CEZ.PR and NOBL in my portfolio?

CEZ.PR and NOBL have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.