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FDL vs. NOBL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FDL and NOBL is 0.72, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

FDL vs. NOBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Morningstar Dividend Leaders Index Fund (FDL) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). The values are adjusted to include any dividend payments, if applicable.

180.00%190.00%200.00%210.00%220.00%230.00%NovemberDecember2025FebruaryMarchApril
208.63%
203.33%
FDL
NOBL

Key characteristics

Sharpe Ratio

FDL:

0.93

NOBL:

0.15

Sortino Ratio

FDL:

1.31

NOBL:

0.31

Omega Ratio

FDL:

1.19

NOBL:

1.04

Calmar Ratio

FDL:

1.15

NOBL:

0.14

Martin Ratio

FDL:

4.13

NOBL:

0.49

Ulcer Index

FDL:

3.40%

NOBL:

4.50%

Daily Std Dev

FDL:

15.07%

NOBL:

14.79%

Max Drawdown

FDL:

-65.93%

NOBL:

-35.44%

Current Drawdown

FDL:

-6.50%

NOBL:

-8.97%

Returns By Period

In the year-to-date period, FDL achieves a 1.91% return, which is significantly higher than NOBL's -1.39% return. Over the past 10 years, FDL has outperformed NOBL with an annualized return of 9.87%, while NOBL has yielded a comparatively lower 9.13% annualized return.


FDL

YTD

1.91%

1M

-4.87%

6M

-0.67%

1Y

12.65%

5Y*

16.35%

10Y*

9.87%

NOBL

YTD

-1.39%

1M

-2.80%

6M

-6.53%

1Y

2.04%

5Y*

11.85%

10Y*

9.13%

*Annualized

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FDL vs. NOBL - Expense Ratio Comparison

FDL has a 0.45% expense ratio, which is higher than NOBL's 0.35% expense ratio.


Expense ratio chart for FDL: current value is 0.45%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FDL: 0.45%
Expense ratio chart for NOBL: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
NOBL: 0.35%

Risk-Adjusted Performance

FDL vs. NOBL — Risk-Adjusted Performance Rank

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

FDL
The Risk-Adjusted Performance Rank of FDL is 8080
Overall Rank
The Sharpe Ratio Rank of FDL is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of FDL is 7777
Sortino Ratio Rank
The Omega Ratio Rank of FDL is 7878
Omega Ratio Rank
The Calmar Ratio Rank of FDL is 8585
Calmar Ratio Rank
The Martin Ratio Rank of FDL is 8181
Martin Ratio Rank

NOBL
The Risk-Adjusted Performance Rank of NOBL is 3434
Overall Rank
The Sharpe Ratio Rank of NOBL is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of NOBL is 3333
Sortino Ratio Rank
The Omega Ratio Rank of NOBL is 3232
Omega Ratio Rank
The Calmar Ratio Rank of NOBL is 3737
Calmar Ratio Rank
The Martin Ratio Rank of NOBL is 3434
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FDL vs. NOBL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) 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.


The chart of Sharpe ratio for FDL, currently valued at 0.93, compared to the broader market-1.000.001.002.003.004.00
FDL: 0.93
NOBL: 0.15
The chart of Sortino ratio for FDL, currently valued at 1.31, compared to the broader market-2.000.002.004.006.008.00
FDL: 1.31
NOBL: 0.31
The chart of Omega ratio for FDL, currently valued at 1.19, compared to the broader market0.501.001.502.002.50
FDL: 1.19
NOBL: 1.04
The chart of Calmar ratio for FDL, currently valued at 1.15, compared to the broader market0.002.004.006.008.0010.0012.00
FDL: 1.15
NOBL: 0.14
The chart of Martin ratio for FDL, currently valued at 4.13, compared to the broader market0.0020.0040.0060.00
FDL: 4.13
NOBL: 0.49

The current FDL Sharpe Ratio is 0.93, which is higher than the NOBL Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of FDL 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.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.93
0.15
FDL
NOBL

Dividends

FDL vs. NOBL - Dividend Comparison

FDL's dividend yield for the trailing twelve months is around 4.96%, more than NOBL's 2.17% yield.


TTM20242023202220212020201920182017201620152014
FDL
First Trust Morningstar Dividend Leaders Index Fund
4.96%4.96%4.58%3.57%4.59%4.48%3.75%3.97%3.18%2.94%3.65%3.35%
NOBL
ProShares S&P 500 Dividend Aristocrats ETF
2.17%2.05%2.09%1.94%1.89%2.14%1.89%2.37%1.74%2.13%2.02%1.59%

Drawdowns

FDL vs. NOBL - Drawdown Comparison

The maximum FDL drawdown since its inception was -65.93%, which is greater than NOBL's maximum drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for FDL and NOBL. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-6.50%
-8.97%
FDL
NOBL

Volatility

FDL vs. NOBL - Volatility Comparison

First Trust Morningstar Dividend Leaders Index Fund (FDL) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL) have volatilities of 10.15% and 10.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%NovemberDecember2025FebruaryMarchApril
10.15%
10.31%
FDL
NOBL