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.
Performance
HQH vs. NOBL - Performance Comparison
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HQH vs. NOBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HQH Tekla Healthcare Investors | -0.42% | 34.12% | 10.22% | 1.22% | -17.27% | 7.99% | 24.82% | 26.80% | -13.08% | 15.97% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.32% | 6.84% | 6.72% | 8.09% | -6.52% | 25.46% | 8.35% | 27.39% | -3.26% | 21.02% |
Returns By Period
In the year-to-date period, HQH achieves a -0.42% return, which is significantly lower than NOBL's 2.32% return. Over the past 10 years, HQH has underperformed NOBL with an annualized return of 6.86%, while NOBL has yielded a comparatively higher 9.54% annualized return.
HQH
- 1D
- 2.75%
- 1M
- -3.18%
- YTD
- -0.42%
- 6M
- 4.66%
- 1Y
- 31.01%
- 3Y*
- 14.10%
- 5Y*
- 4.87%
- 10Y*
- 6.86%
NOBL
- 1D
- -0.04%
- 1M
- -6.79%
- YTD
- 2.32%
- 6M
- 4.06%
- 1Y
- 6.18%
- 3Y*
- 7.40%
- 5Y*
- 6.30%
- 10Y*
- 9.54%
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Return for Risk
HQH vs. NOBL — Risk / Return Rank
HQH
NOBL
HQH vs. NOBL - Risk-Adjusted Trends 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.
| HQH | NOBL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 0.41 | +0.93 |
Sortino ratioReturn per unit of downside risk | 1.83 | 0.70 | +1.13 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.09 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 0.54 | +1.60 |
Martin ratioReturn relative to average drawdown | 7.04 | 1.89 | +5.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HQH | NOBL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 0.41 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.44 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.58 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.64 | -0.27 |
Correlation
The correlation between HQH and NOBL is 0.51, 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.
Dividends
HQH vs. NOBL - Dividend Comparison
HQH's dividend yield for the trailing twelve months is around 12.31%, more than NOBL's 2.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HQH Tekla Healthcare Investors | 12.31% | 11.56% | 14.21% | 9.66% | 9.50% | 8.59% | 7.97% | 8.24% | 10.75% | 8.78% | 9.80% | 11.97% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.14% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
Drawdowns
HQH vs. NOBL - Drawdown Comparison
The maximum HQH drawdown since its inception was -62.36%, 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.
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Drawdown Indicators
| HQH | NOBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.36% | -35.43% | -26.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -11.20% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -37.55% | -17.92% | -19.63% |
Max Drawdown (10Y)Largest decline over 10 years | -37.55% | -35.43% | -2.12% |
Current DrawdownCurrent decline from peak | -7.82% | -7.07% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -21.13% | -3.45% | -17.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 3.18% | +0.78% |
Volatility
HQH vs. NOBL - Volatility Comparison
Tekla Healthcare Investors (HQH) has a higher volatility of 8.58% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.55%. 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.
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Volatility by Period
| HQH | NOBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 3.55% | +5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | 8.06% | +7.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.44% | 15.24% | +8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.47% | 14.39% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.65% | 16.59% | +5.06% |