IQDE vs. NOBL
Compare and contrast key facts about FlexShares International Quality Dividend Defensive Index ETF (IQDE) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
IQDE and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQDE is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust International Quality Dividend Defensive Index. It was launched on Apr 12, 2013. 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. Both IQDE and NOBL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IQDE or NOBL.
Performance
IQDE vs. NOBL - Performance Comparison
Returns By Period
In the year-to-date period, IQDE achieves a 5.62% return, which is significantly lower than NOBL's 13.33% return. Over the past 10 years, IQDE has underperformed NOBL with an annualized return of 2.65%, while NOBL has yielded a comparatively higher 10.12% annualized return.
IQDE
5.62%
-4.07%
-0.85%
11.71%
4.09%
2.65%
NOBL
13.33%
0.16%
10.00%
20.15%
9.87%
10.12%
Key characteristics
| IQDE | NOBL | |
|---|---|---|
| Sharpe Ratio | 0.97 | 2.00 |
| Sortino Ratio | 1.40 | 2.81 |
| Omega Ratio | 1.17 | 1.35 |
| Calmar Ratio | 1.13 | 3.10 |
| Martin Ratio | 4.62 | 8.98 |
| Ulcer Index | 2.50% | 2.29% |
| Daily Std Dev | 11.97% | 10.26% |
| Max Drawdown | -38.85% | -35.43% |
| Current Drawdown | -7.67% | -1.50% |
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IQDE vs. NOBL - Expense Ratio Comparison
IQDE has a 0.47% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Correlation
The correlation between IQDE and NOBL is 0.66, 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
IQDE vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Defensive Index ETF (IQDE) 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
IQDE vs. NOBL - Dividend Comparison
IQDE's dividend yield for the trailing twelve months is around 3.88%, more than NOBL's 1.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDE FlexShares International Quality Dividend Defensive Index ETF | 3.88% | 5.51% | 5.28% | 3.98% | 3.10% | 4.84% | 5.15% | 4.51% | 3.67% | 4.95% | 4.02% | 1.82% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 1.99% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.60% | 0.30% |
Drawdowns
IQDE vs. NOBL - Drawdown Comparison
The maximum IQDE drawdown since its inception was -38.85%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for IQDE and NOBL. For additional features, visit the drawdowns tool.
Volatility
IQDE vs. NOBL - Volatility Comparison
FlexShares International Quality Dividend Defensive Index ETF (IQDE) has a higher volatility of 3.67% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.11%. This indicates that IQDE'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.