FDD vs. NOBL
Compare and contrast key facts about First Trust STOXX European Select Dividend Index Fund (FDD) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
FDD and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDD is a passively managed fund by First Trust that tracks the performance of the STOXX Europe Select Dividend 30. It was launched on Aug 27, 2007. 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 FDD 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: FDD or NOBL.
Key characteristics
| FDD | NOBL | |
|---|---|---|
| YTD Return | 4.52% | 10.61% |
| 1Y Return | 18.28% | 20.48% |
| 3Y Return (Ann) | -0.01% | 4.92% |
| 5Y Return (Ann) | 3.12% | 9.44% |
| 10Y Return (Ann) | 3.97% | 10.12% |
| Sharpe Ratio | 1.35 | 2.09 |
| Sortino Ratio | 1.88 | 2.97 |
| Omega Ratio | 1.23 | 1.37 |
| Calmar Ratio | 0.63 | 2.08 |
| Martin Ratio | 5.04 | 9.64 |
| Ulcer Index | 3.74% | 2.24% |
| Daily Std Dev | 13.96% | 10.34% |
| Max Drawdown | -74.76% | -35.43% |
| Current Drawdown | -15.29% | -3.86% |
Correlation
The correlation between FDD and NOBL is 0.67, 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.
Performance
FDD vs. NOBL - Performance Comparison
In the year-to-date period, FDD achieves a 4.52% return, which is significantly lower than NOBL's 10.61% return. Over the past 10 years, FDD has underperformed NOBL with an annualized return of 3.97%, while NOBL has yielded a comparatively higher 10.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDD vs. NOBL - Expense Ratio Comparison
FDD has a 0.58% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Risk-Adjusted Performance
FDD vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust STOXX European Select Dividend Index Fund (FDD) 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
FDD vs. NOBL - Dividend Comparison
FDD's dividend yield for the trailing twelve months is around 6.26%, more than NOBL's 2.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDD First Trust STOXX European Select Dividend Index Fund | 6.26% | 6.85% | 6.07% | 3.44% | 4.01% | 4.69% | 5.05% | 2.78% | 4.88% | 4.35% | 4.30% | 3.62% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.04% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% | 0.30% |
Drawdowns
FDD vs. NOBL - Drawdown Comparison
The maximum FDD drawdown since its inception was -74.76%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for FDD and NOBL. For additional features, visit the drawdowns tool.
Volatility
FDD vs. NOBL - Volatility Comparison
First Trust STOXX European Select Dividend Index Fund (FDD) has a higher volatility of 3.11% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.73%. This indicates that FDD'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.