HBM vs. NOBL
HBM (Hudbay Minerals Inc.) is a stock, while NOBL (ProShares S&P 500 Dividend Aristocrats ETF) is Dividend fund tracking the S&P 500 Dividend Aristocrats Index. Over the past 10 years, HBM returned 17.08%/yr vs 9.86%/yr for NOBL. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
HBM vs. NOBL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HBM achieves a 14.68% return, which is significantly higher than NOBL's 10.84% return. Over the past 10 years, HBM has outperformed NOBL with an annualized return of 17.08%, while NOBL has yielded a comparatively lower 9.86% annualized return.
HBM
- 1D
- 0.00%
- 1M
- 0.71%
- 6M
- -3.87%
- YTD
- 14.68%
- 1Y
- 151.40%
- 3Y*
- 57.67%
- 5Y*
- 26.31%
- 10Y*
- 17.08%
- ALL TIME*
- 10.79%
NOBL
- 1D
- -0.19%
- 1M
- -1.09%
- 6M
- 4.89%
- YTD
- 10.84%
- 1Y
- 15.41%
- 3Y*
- 8.04%
- 5Y*
- 6.49%
- 10Y*
- 9.86%
- ALL TIME*
- 10.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $126.91M | $110.72M | $140.65M | |
| $66.40M | $66.46M | $60.79M |
HBM vs. NOBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 14.68% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -46.20% | 54.77% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 10.84% | 6.84% | 6.72% | 8.09% | -6.52% | 25.46% | 8.35% | 27.39% | -3.26% | 21.02% |
Correlation
The correlation between HBM and NOBL is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2013 | 0.36 |
Over the past year, the correlation between HBM and NOBL has dropped to 0.14 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HBM vs. NOBL — Risk / Return Rank
HBM
NOBL
HBM vs. NOBL - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HBM | NOBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 1.62 | +2.44 |
| Martin ratioReturn relative to average drawdown | 9.77 | 4.10 | +5.67 |
Loading charts...
Drawdowns
HBM vs. NOBL - Drawdown Comparison
The maximum HBM drawdown since its inception was -92.21%, 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.
Loading charts...
Drawdown Indicators
| HBM | NOBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.21% | -35.43% | -56.78% |
Max Drawdown (1Y)Largest decline over 1 year | -36.16% | -9.11% | -27.05% |
Max Drawdown (3Y)Largest decline over 3 years | -41.11% | -15.36% | -25.75% |
Max Drawdown (5Y)Largest decline over 5 years | -63.33% | -17.92% | -45.41% |
Max Drawdown (10Y)Largest decline over 10 years | -86.34% | -35.43% | -50.91% |
Current DrawdownCurrent decline from peak | -28.60% | -2.31% | -26.29% |
Average DrawdownAverage peak-to-trough decline | -52.26% | -3.46% | -48.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.98% | 3.59% | +11.39% |
Volatility
HBM vs. NOBL - Volatility Comparison
Hudbay Minerals Inc. (HBM) has a higher volatility of 19.81% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 5.07%. 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.
Loading charts...
Volatility by Period
| HBM | NOBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.81% | 5.07% | +14.74% |
Volatility (6M)Calculated over the trailing 6-month period | 51.61% | 9.11% | +42.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.41% | 11.92% | +50.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.91% | 14.48% | +41.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.92% | 16.63% | +42.29% |
Dividends
HBM vs. NOBL - Dividend Comparison
HBM's dividend yield for the trailing twelve months is around 0.09%, less than NOBL's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 0.09% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.04% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
Frequently Asked Questions
HBM and NOBL have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBM has higher volatility (19.81%) compared to NOBL (5.07%). In terms of maximum drawdown, HBM dropped -92.21% vs NOBL's -35.43%.
HBM currently has the higher Sharpe Ratio (2.35 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for HBM and NOBL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer