COIA vs. NOBL

Last updated Jun 26, 2026

COIA (ProShares Ultra COIN) and NOBL (ProShares S&P 500 Dividend Aristocrats ETF) are both exchange-traded funds - COIA is a Leveraged Equities fund tracking the Coinbase Global, Inc., while NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index. Both are passively managed. At a 0.11 correlation, their price movements are largely independent. COIA charges 1.06%/yr vs 0.35%/yr for NOBL.

Performance

COIA vs. NOBL - Performance Comparison

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

Returns By Period

In the year-to-date period, COIA achieves a -72.68% return, which is significantly lower than NOBL's 8.38% return.

COIA

• 1D: -10.00%
• 1M: -40.74%
• YTD: -72.68%
• 6M: -75.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NOBL

• 1D: 0.79%
• 1M: 4.19%
• YTD: 8.38%
• 6M: 7.32%
• 1Y: 15.05%
• 3Y*: 8.82%
• 5Y*: 6.42%
• 10Y*: 10.32%

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

COIA vs. NOBL - Yearly Performance Comparison

	2026 (YTD)	2025
COIA ProShares Ultra COIN	-72.68%	-58.83%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	8.38%	1.41%

Correlation

The correlation between COIA and NOBL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.11

Return for Risk

COIA vs. NOBL — Risk / Return Rank

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

COIA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NOBL

NOBL Risk / Return Rank: 39
NOBL Sharpe Ratio Rank: 42
NOBL Sortino Ratio Rank: 45
NOBL Omega Ratio Rank: 38
NOBL Calmar Ratio Rank: 37
NOBL Martin Ratio Rank: 32

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.

COIA vs. NOBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra COIN (COIA) 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.

	COIA	NOBL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.32	—
Sortino ratio: Return per unit of downside risk	—	1.99	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	1.66	—
Martin ratio: Return relative to average drawdown	—	4.21	—

Drawdowns

COIA vs. NOBL - Drawdown Comparison

The maximum COIA drawdown since its inception was -91.91%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for COIA and NOBL.

Drawdown Indicators

	COIA	NOBL	Difference
Max Drawdown Largest peak-to-trough decline	-91.91%	-35.43%	-56.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.92%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.43%	—
Current Drawdown Current decline from peak	-91.91%	-1.57%	-90.34%
Average Drawdown Average peak-to-trough decline	-63.68%	-3.48%	-60.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.59%	—

Volatility

Volatility by Period

	COIA	NOBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	140.07%	11.52%	+128.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.07%	14.39%	+125.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.07%	16.60%	+123.47%

COIA vs. NOBL - Expense Ratio Comparison

COIA has a 1.06% expense ratio, which is higher than NOBL's 0.35% expense ratio.

Dividends

COIA vs. NOBL - Dividend Comparison

COIA's dividend yield for the trailing twelve months is around 7.57%, more than NOBL's 2.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COIA ProShares Ultra COIN	7.57%	1.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	2.09%	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 COIA and NOBL in my portfolio?

COIA and NOBL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COIA or NOBL?

On fees, NOBL is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COIA or NOBL?

NOBL is cheaper with a 0.35% expense ratio, compared with 1.06% for COIA.

Which ETF pays a higher dividend yield, COIA or NOBL?

COIA has the higher dividend yield at 7.57%, compared with 2.09% for NOBL.

What is the main difference between COIA and NOBL?

COIA is categorized as Leveraged Equities, while NOBL is Dividend. COIA tracks Coinbase Global, Inc., while NOBL tracks S&P 500 Dividend Aristocrats Index. Their fees differ too: 1.06% for COIA and 0.35% for NOBL.