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

Performance

FDRR vs. NOBL - Performance Comparison

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

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
14.23%
10.00%
FDRR
NOBL

Returns By Period

In the year-to-date period, FDRR achieves a 23.10% return, which is significantly higher than NOBL's 13.33% return.


FDRR

YTD

23.10%

1M

0.63%

6M

14.23%

1Y

30.75%

5Y (annualized)

12.52%

10Y (annualized)

N/A

NOBL

YTD

13.33%

1M

0.16%

6M

10.00%

1Y

20.15%

5Y (annualized)

9.87%

10Y (annualized)

10.12%

Key characteristics


FDRRNOBL
Sharpe Ratio2.752.00
Sortino Ratio3.752.81
Omega Ratio1.511.35
Calmar Ratio4.073.10
Martin Ratio17.978.98
Ulcer Index1.73%2.29%
Daily Std Dev11.31%10.26%
Max Drawdown-36.52%-35.43%
Current Drawdown-0.26%-1.50%

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FDRR vs. NOBL - Expense Ratio Comparison

FDRR has a 0.29% expense ratio, which is lower than NOBL's 0.35% expense ratio.


NOBL
ProShares S&P 500 Dividend Aristocrats ETF
Expense ratio chart for NOBL: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for FDRR: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%

Correlation

-0.50.00.51.00.9

The correlation between FDRR and NOBL is 0.87, 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

FDRR vs. NOBL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) 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.


Sharpe ratio
The chart of Sharpe ratio for FDRR, currently valued at 2.75, compared to the broader market0.002.004.002.752.00
The chart of Sortino ratio for FDRR, currently valued at 3.75, compared to the broader market-2.000.002.004.006.008.0010.0012.003.752.81
The chart of Omega ratio for FDRR, currently valued at 1.51, compared to the broader market0.501.001.502.002.503.001.511.35
The chart of Calmar ratio for FDRR, currently valued at 4.07, compared to the broader market0.005.0010.0015.004.073.10
The chart of Martin ratio for FDRR, currently valued at 17.97, compared to the broader market0.0020.0040.0060.0080.00100.00120.0017.978.98
FDRR
NOBL

The current FDRR Sharpe Ratio is 2.75, which is higher than the NOBL Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of FDRR 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 Ratio0.000.501.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.75
2.00
FDRR
NOBL

Dividends

FDRR vs. NOBL - Dividend Comparison

FDRR's dividend yield for the trailing twelve months is around 2.16%, more than NOBL's 1.99% yield.


TTM20232022202120202019201820172016201520142013
FDRR
Fidelity Dividend ETF for Rising Rates
2.16%2.93%2.75%2.09%2.85%2.89%3.20%2.89%0.61%0.00%0.00%0.00%
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

FDRR vs. NOBL - Drawdown Comparison

The maximum FDRR drawdown since its inception was -36.52%, roughly equal to the maximum NOBL drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for FDRR and NOBL. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.26%
-1.50%
FDRR
NOBL

Volatility

FDRR vs. NOBL - Volatility Comparison

Fidelity Dividend ETF for Rising Rates (FDRR) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL) have volatilities of 3.23% and 3.11%, 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%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.23%
3.11%
FDRR
NOBL