DGRW vs. NOBL
Compare and contrast key facts about WisdomTree U.S. Dividend Growth Fund (DGRW) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
DGRW and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Dividend Growth Index. It was launched on May 22, 2013. 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 DGRW 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: DGRW or NOBL.
Performance
DGRW vs. NOBL - Performance Comparison
Returns By Period
In the year-to-date period, DGRW achieves a 20.15% return, which is significantly higher than NOBL's 12.33% return. Over the past 10 years, DGRW has outperformed NOBL with an annualized return of 12.76%, while NOBL has yielded a comparatively lower 10.05% annualized return.
DGRW
20.15%
-1.43%
9.76%
27.16%
14.36%
12.76%
NOBL
12.33%
-2.37%
6.73%
19.82%
9.69%
10.05%
Key characteristics
| DGRW | NOBL | |
|---|---|---|
| Sharpe Ratio | 2.57 | 1.99 |
| Sortino Ratio | 3.56 | 2.79 |
| Omega Ratio | 1.48 | 1.35 |
| Calmar Ratio | 4.35 | 2.90 |
| Martin Ratio | 16.32 | 8.90 |
| Ulcer Index | 1.67% | 2.27% |
| Daily Std Dev | 10.63% | 10.19% |
| Max Drawdown | -32.04% | -35.43% |
| Current Drawdown | -2.61% | -2.37% |
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DGRW vs. NOBL - Expense Ratio Comparison
DGRW has a 0.28% expense ratio, which is lower than NOBL's 0.35% expense ratio.
Correlation
The correlation between DGRW and NOBL is 0.90, 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
DGRW vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Dividend Growth Fund (DGRW) 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
DGRW vs. NOBL - Dividend Comparison
DGRW's dividend yield for the trailing twelve months is around 1.52%, less than NOBL's 2.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRW WisdomTree U.S. Dividend Growth Fund | 1.52% | 1.74% | 2.15% | 1.78% | 1.91% | 2.20% | 2.42% | 1.73% | 2.13% | 2.18% | 1.79% | 1.06% |
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
DGRW vs. NOBL - Drawdown Comparison
The maximum DGRW drawdown since its inception was -32.04%, smaller than the maximum NOBL drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for DGRW and NOBL. For additional features, visit the drawdowns tool.
Volatility
DGRW vs. NOBL - Volatility Comparison
WisdomTree U.S. Dividend Growth Fund (DGRW) has a higher volatility of 3.66% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.00%. This indicates that DGRW'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.