HBM vs. NOBL
Compare and contrast key facts about Hudbay Minerals Inc. (HBM) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HBM or NOBL.
Key characteristics
| HBM | NOBL | |
|---|---|---|
| YTD Return | 75.21% | 5.54% |
| 1Y Return | 99.71% | 12.05% |
| 3Y Return (Ann) | 5.71% | 4.83% |
| 5Y Return (Ann) | 14.46% | 10.71% |
| 10Y Return (Ann) | 0.85% | 10.57% |
| Sharpe Ratio | 2.29 | 1.20 |
| Daily Std Dev | 45.17% | 10.78% |
| Max Drawdown | -94.93% | -35.43% |
| Current Drawdown | -63.62% | -1.31% |
Correlation
The correlation between HBM and NOBL is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HBM vs. NOBL - Performance Comparison
In the year-to-date period, HBM achieves a 75.21% return, which is significantly higher than NOBL's 5.54% return. Over the past 10 years, HBM has underperformed NOBL with an annualized return of 0.85%, while NOBL has yielded a comparatively higher 10.57% 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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Risk-Adjusted Performance
HBM vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hudbay Minerals Inc. (HBM) 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
HBM vs. NOBL - Dividend Comparison
HBM's dividend yield for the trailing twelve months is around 0.15%, less than NOBL's 2.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 0.15% | 0.27% | 0.30% | 0.22% | 0.21% | 0.36% | 0.32% | 0.18% | 0.27% | 0.40% | 0.21% | 1.31% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.02% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% | 0.30% |
Drawdowns
HBM vs. NOBL - Drawdown Comparison
The maximum HBM drawdown since its inception was -94.93%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for HBM and NOBL. For additional features, visit the drawdowns tool.
Volatility
HBM vs. NOBL - Volatility Comparison
Hudbay Minerals Inc. (HBM) has a higher volatility of 17.19% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 1.97%. This indicates that HBM'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.