Correlation
The correlation between HBM and NOBL is 0.83, 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.
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.
Performance
HBM vs. NOBL - Performance Comparison
Loading data...
Key characteristics
HBM:
-0.12
NOBL:
0.29
HBM:
0.19
NOBL:
0.75
HBM:
1.02
NOBL:
1.10
HBM:
-0.10
NOBL:
0.45
HBM:
-0.39
NOBL:
1.38
HBM:
16.97%
NOBL:
4.99%
HBM:
52.78%
NOBL:
15.22%
HBM:
-92.24%
NOBL:
-35.44%
HBM:
-47.09%
NOBL:
-6.63%
Returns By Period
In the year-to-date period, HBM achieves a 13.08% return, which is significantly higher than NOBL's 1.14% return. Over the past 10 years, HBM has underperformed NOBL with an annualized return of -0.05%, while NOBL has yielded a comparatively higher 9.50% annualized return.
HBM
13.08%
22.49%
4.80%
-6.06%
16.18%
25.31%
-0.05%
NOBL
1.14%
1.33%
-6.29%
4.39%
5.29%
9.82%
9.50%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
HBM vs. NOBL — Risk-Adjusted Performance Rank
HBM
NOBL
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.
Loading data...
Dividends
HBM vs. NOBL - Dividend Comparison
HBM's dividend yield for the trailing twelve months is around 0.15%, less than NOBL's 2.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 0.15% | 0.17% | 0.25% | 0.32% | 0.22% | 0.21% | 0.37% | 0.34% | 0.17% | 0.26% | 0.42% | 0.21% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.12% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% |
Drawdowns
HBM vs. NOBL - Drawdown Comparison
The maximum HBM drawdown since its inception was -92.24%, which is greater than NOBL's maximum drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for HBM and NOBL.
Loading data...
Volatility
HBM vs. NOBL - Volatility Comparison
Hudbay Minerals Inc. (HBM) has a higher volatility of 11.71% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 4.90%. 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 data...