EUDV vs. NOBL

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares MSCI Europe Dividend Growers ETF (EUDV) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).

EUDV and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUDV is a passively managed fund by ProShares that tracks the performance of the MSCI Europe Dividend Masters Index. It was launched on Sep 9, 2015. 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 EUDV 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.

Performance

EUDV vs. NOBL - Performance Comparison

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

EUDV vs. NOBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUDV ProShares MSCI Europe Dividend Growers ETF	-0.56%	14.05%	0.03%	20.41%	-24.87%	19.56%	5.81%	25.89%	-11.12%	21.57%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	2.32%	6.84%	6.72%	8.09%	-6.52%	25.46%	8.35%	27.39%	-3.26%	21.02%

Returns By Period

In the year-to-date period, EUDV achieves a -0.56% return, which is significantly lower than NOBL's 2.32% return. Over the past 10 years, EUDV has underperformed NOBL with an annualized return of 5.28%, while NOBL has yielded a comparatively higher 9.54% annualized return.

EUDV

• 1D: 1.24%
• 1M: -4.54%
• YTD: -0.56%
• 6M: -1.44%
• 1Y: 6.99%
• 3Y*: 7.10%
• 5Y*: 3.83%
• 10Y*: 5.28%

NOBL

• 1D: -0.04%
• 1M: -6.79%
• YTD: 2.32%
• 6M: 4.06%
• 1Y: 6.18%
• 3Y*: 7.40%
• 5Y*: 6.30%
• 10Y*: 9.54%

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

EUDV vs. NOBL - Expense Ratio Comparison

EUDV has a 0.55% expense ratio, which is higher than NOBL's 0.35% expense ratio.

EUDV

ProShares MSCI Europe Dividend Growers ETF

NOBL

ProShares S&P 500 Dividend Aristocrats ETF

Return for Risk

EUDV vs. NOBL — Risk / Return Rank

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

EUDV

EUDV Risk / Return Rank: 24
EUDV Sharpe Ratio Rank: 23
EUDV Sortino Ratio Rank: 24
EUDV Omega Ratio Rank: 22
EUDV Calmar Ratio Rank: 26
EUDV Martin Ratio Rank: 23

NOBL

NOBL Risk / Return Rank: 23
NOBL Sharpe Ratio Rank: 23
NOBL Sortino Ratio Rank: 23
NOBL Omega Ratio Rank: 22
NOBL Calmar Ratio Rank: 24
NOBL Martin Ratio Rank: 25

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.

EUDV vs. NOBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Europe Dividend Growers ETF (EUDV) 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.

	EUDV	NOBL	Difference
Sharpe ratio Return per unit of total volatility	0.45	0.41	+0.04
Sortino ratio Return per unit of downside risk	0.73	0.70	+0.03
Omega ratio Gain probability vs. loss probability	1.09	1.09	+0.01
Calmar ratio Return relative to maximum drawdown	0.65	0.54	+0.12
Martin ratio Return relative to average drawdown	1.73	1.89	-0.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUDV vs. NOBL - Sharpe Ratio Comparison

The current EUDV Sharpe Ratio is 0.45, which is comparable to the NOBL Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of EUDV and NOBL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EUDV	NOBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	0.41	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.44	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.58	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.64	-0.38

Correlation

The correlation between EUDV and NOBL is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EUDV vs. NOBL - Dividend Comparison

EUDV's dividend yield for the trailing twelve months is around 1.74%, less than NOBL's 2.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDV ProShares MSCI Europe Dividend Growers ETF	1.74%	1.74%	1.92%	1.87%	1.77%	2.30%	1.27%	2.20%	2.22%	2.33%	2.53%	0.37%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	2.14%	2.14%	2.05%	2.09%	1.94%	1.89%	2.14%	1.89%	2.37%	1.74%	2.13%	2.02%

Drawdowns

EUDV vs. NOBL - Drawdown Comparison

The maximum EUDV drawdown since its inception was -37.51%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for EUDV and NOBL.

Drawdown Indicators

	EUDV	NOBL	Difference
Max Drawdown Largest peak-to-trough decline	-37.51%	-35.43%	-2.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-11.20%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	-37.51%	-17.92%	-19.59%
Max Drawdown (10Y) Largest decline over 10 years	-37.51%	-35.43%	-2.08%
Current Drawdown Current decline from peak	-6.25%	-7.07%	+0.82%
Average Drawdown Average peak-to-trough decline	-8.69%	-3.45%	-5.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.03%	3.18%	+0.85%

Volatility

EUDV vs. NOBL - Volatility Comparison

ProShares MSCI Europe Dividend Growers ETF (EUDV) has a higher volatility of 6.04% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.55%. This indicates that EUDV'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

	EUDV	NOBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	3.55%	+2.49%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	8.06%	+1.88%
Volatility (1Y) Calculated over the trailing 1-year period	15.78%	15.24%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	14.39%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	16.59%	+0.75%