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.
Correlation
The correlation between HBM and NOBL is 0.39, 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
Key characteristics
HBM:
1.49
NOBL:
0.93
HBM:
2.11
NOBL:
1.36
HBM:
1.26
NOBL:
1.16
HBM:
1.02
NOBL:
1.01
HBM:
4.56
NOBL:
2.76
HBM:
15.45%
NOBL:
3.55%
HBM:
47.48%
NOBL:
10.51%
HBM:
-92.23%
NOBL:
-35.43%
HBM:
-48.22%
NOBL:
-5.64%
Returns By Period
In the year-to-date period, HBM achieves a 10.62% return, which is significantly higher than NOBL's 2.22% return. Over the past 10 years, HBM has underperformed NOBL with an annualized return of 1.06%, while NOBL has yielded a comparatively higher 9.45% annualized return.
HBM
10.62%
4.31%
13.38%
63.55%
23.05%
1.06%
NOBL
2.22%
0.62%
0.93%
8.96%
8.32%
9.45%
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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.
Dividends
HBM vs. NOBL - Dividend Comparison
HBM's dividend yield for the trailing twelve months is around 0.16%, less than NOBL's 2.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 0.16% | 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 | 2.01% | 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 -92.23%, 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 13.60% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.52%. 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.