DGRO vs. NOBL
Compare and contrast key facts about iShares Core Dividend Growth ETF (DGRO) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
DGRO and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 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 DGRO 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: DGRO or NOBL.
Performance
DGRO vs. NOBL - Performance Comparison
Returns By Period
In the year-to-date period, DGRO achieves a 19.14% return, which is significantly higher than NOBL's 11.99% return. Over the past 10 years, DGRO has outperformed NOBL with an annualized return of 11.72%, while NOBL has yielded a comparatively lower 10.01% annualized return.
DGRO
19.14%
-0.44%
9.59%
26.59%
11.75%
11.72%
NOBL
11.99%
-1.89%
7.08%
19.11%
9.61%
10.01%
Key characteristics
| DGRO | NOBL | |
|---|---|---|
| Sharpe Ratio | 2.76 | 1.89 |
| Sortino Ratio | 3.90 | 2.66 |
| Omega Ratio | 1.51 | 1.33 |
| Calmar Ratio | 5.19 | 2.88 |
| Martin Ratio | 18.07 | 8.45 |
| Ulcer Index | 1.46% | 2.28% |
| Daily Std Dev | 9.55% | 10.20% |
| Max Drawdown | -35.10% | -35.43% |
| Current Drawdown | -1.79% | -2.67% |
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DGRO vs. NOBL - Expense Ratio Comparison
DGRO has a 0.08% expense ratio, which is lower than NOBL's 0.35% expense ratio.
Correlation
The correlation between DGRO and NOBL is 0.94, 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
DGRO vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) 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
DGRO vs. NOBL - Dividend Comparison
DGRO's dividend yield for the trailing twelve months is around 2.18%, more than NOBL's 2.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 2.18% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 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
DGRO vs. NOBL - Drawdown Comparison
The maximum DGRO drawdown since its inception was -35.10%, roughly equal to the maximum NOBL drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for DGRO and NOBL. For additional features, visit the drawdowns tool.
Volatility
DGRO vs. NOBL - Volatility Comparison
iShares Core Dividend Growth ETF (DGRO) has a higher volatility of 3.22% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.87%. This indicates that DGRO'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.