HQH vs. NOBL
Compare and contrast key facts about Tekla Healthcare Investors (HQH) 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: HQH or NOBL.
Performance
HQH vs. NOBL - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with HQH having a 14.32% return and NOBL slightly lower at 13.99%. Over the past 10 years, HQH has underperformed NOBL with an annualized return of 2.81%, while NOBL has yielded a comparatively higher 10.20% annualized return.
HQH
14.32%
-5.99%
6.62%
27.82%
5.99%
2.81%
NOBL
13.99%
1.07%
10.32%
20.85%
9.99%
10.20%
Key characteristics
| HQH | NOBL | |
|---|---|---|
| Sharpe Ratio | 1.81 | 2.03 |
| Sortino Ratio | 2.49 | 2.85 |
| Omega Ratio | 1.33 | 1.35 |
| Calmar Ratio | 0.80 | 3.15 |
| Martin Ratio | 8.66 | 9.12 |
| Ulcer Index | 3.21% | 2.29% |
| Daily Std Dev | 15.35% | 10.27% |
| Max Drawdown | -56.17% | -35.43% |
| Current Drawdown | -15.29% | -0.93% |
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Correlation
The correlation between HQH and NOBL is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
HQH vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tekla Healthcare Investors (HQH) 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
HQH vs. NOBL - Dividend Comparison
HQH's dividend yield for the trailing twelve months is around 9.62%, more than NOBL's 1.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HQH Tekla Healthcare Investors | 9.62% | 9.66% | 9.50% | 8.59% | 7.96% | 8.22% | 10.73% | 8.76% | 9.78% | 11.96% | 7.05% | 6.41% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 1.98% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.60% | 0.30% |
Drawdowns
HQH vs. NOBL - Drawdown Comparison
The maximum HQH drawdown since its inception was -56.17%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for HQH and NOBL. For additional features, visit the drawdowns tool.
Volatility
HQH vs. NOBL - Volatility Comparison
Tekla Healthcare Investors (HQH) has a higher volatility of 6.18% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.15%. This indicates that HQH'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.