FDL vs. NOBL
Compare and contrast key facts about First Trust Morningstar Dividend Leaders Index Fund (FDL) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
FDL and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDL is a passively managed fund by First Trust that tracks the performance of the Morningstar Dividend Leaders Index. It was launched on Mar 9, 2006. 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 FDL 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: FDL or NOBL.
Key characteristics
| FDL | NOBL | |
|---|---|---|
| YTD Return | 20.47% | 13.00% |
| 1Y Return | 34.60% | 24.12% |
| 3Y Return (Ann) | 11.99% | 5.45% |
| 5Y Return (Ann) | 10.29% | 9.81% |
| 10Y Return (Ann) | 10.02% | 10.29% |
| Sharpe Ratio | 2.93 | 2.32 |
| Sortino Ratio | 4.17 | 3.27 |
| Omega Ratio | 1.52 | 1.41 |
| Calmar Ratio | 2.88 | 2.49 |
| Martin Ratio | 21.26 | 10.65 |
| Ulcer Index | 1.62% | 2.25% |
| Daily Std Dev | 11.74% | 10.37% |
| Max Drawdown | -65.93% | -35.43% |
| Current Drawdown | -2.19% | -1.79% |
Correlation
The correlation between FDL and NOBL is 0.85, 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.
Performance
FDL vs. NOBL - Performance Comparison
In the year-to-date period, FDL achieves a 20.47% return, which is significantly higher than NOBL's 13.00% return. Both investments have delivered pretty close results over the past 10 years, with FDL having a 10.02% annualized return and NOBL not far ahead at 10.29%. 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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FDL vs. NOBL - Expense Ratio Comparison
FDL has a 0.45% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Risk-Adjusted Performance
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.
Dividends
FDL vs. NOBL - Dividend Comparison
FDL's dividend yield for the trailing twelve months is around 4.11%, more than NOBL's 1.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 4.11% | 4.58% | 3.57% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.94% | 3.65% | 3.35% | 3.13% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 1.99% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.60% | 0.30% |
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 -35.43%. Use the drawdown chart below to compare losses from any high point for FDL and NOBL. For additional features, visit the drawdowns tool.
Volatility
FDL vs. NOBL - Volatility Comparison
First Trust Morningstar Dividend Leaders Index Fund (FDL) has a higher volatility of 3.55% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.94%. This indicates that FDL'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.