CVY vs. NOBL
Compare and contrast key facts about Invesco Zacks Multi-Asset Income ETF (CVY) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
CVY and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVY is a passively managed fund by Invesco that tracks the performance of the Zacks Multi-Asset Income Index. It was launched on Sep 21, 2006. 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 CVY 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: CVY or NOBL.
Correlation
The correlation between CVY 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.
Performance
CVY vs. NOBL - Performance Comparison
Key characteristics
CVY:
0.19
NOBL:
0.30
CVY:
0.38
NOBL:
0.53
CVY:
1.05
NOBL:
1.07
CVY:
0.20
NOBL:
0.29
CVY:
0.74
NOBL:
0.96
CVY:
4.56%
NOBL:
4.71%
CVY:
17.43%
NOBL:
14.86%
CVY:
-66.86%
NOBL:
-35.44%
CVY:
-7.62%
NOBL:
-7.86%
Returns By Period
In the year-to-date period, CVY achieves a -1.01% return, which is significantly lower than NOBL's -0.19% return. Over the past 10 years, CVY has underperformed NOBL with an annualized return of 5.34%, while NOBL has yielded a comparatively higher 9.35% annualized return.
CVY
-1.01%
7.16%
-1.17%
1.69%
14.86%
5.34%
NOBL
-0.19%
4.61%
-3.65%
3.47%
12.10%
9.35%
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CVY vs. NOBL - Expense Ratio Comparison
CVY has a 1.00% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Risk-Adjusted Performance
CVY vs. NOBL — Risk-Adjusted Performance Rank
CVY
NOBL
CVY vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Multi-Asset Income ETF (CVY) 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
CVY vs. NOBL - Dividend Comparison
CVY's dividend yield for the trailing twelve months is around 4.13%, more than NOBL's 2.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVY Invesco Zacks Multi-Asset Income ETF | 4.13% | 4.07% | 4.42% | 5.18% | 2.37% | 3.39% | 3.22% | 4.43% | 3.93% | 4.50% | 5.89% | 6.28% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.15% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% |
Drawdowns
CVY vs. NOBL - Drawdown Comparison
The maximum CVY drawdown since its inception was -66.86%, which is greater than NOBL's maximum drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for CVY and NOBL. For additional features, visit the drawdowns tool.
Volatility
CVY vs. NOBL - Volatility Comparison
Invesco Zacks Multi-Asset Income ETF (CVY) has a higher volatility of 12.51% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 10.30%. This indicates that CVY'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.