JXI vs. NOBL
Compare and contrast key facts about iShares Global Utilities ETF (JXI) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
JXI and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JXI is a passively managed fund by iShares that tracks the performance of the S&P Global Utilities Index. It was launched on Sep 21, 2006. 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 JXI 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: JXI or NOBL.
Key characteristics
| JXI | NOBL | |
|---|---|---|
| YTD Return | 3.44% | 2.56% |
| 1Y Return | 1.17% | 8.12% |
| 3Y Return (Ann) | 1.92% | 4.37% |
| 5Y Return (Ann) | 5.68% | 9.49% |
| 10Y Return (Ann) | 5.72% | 10.34% |
| Sharpe Ratio | 0.07 | 0.70 |
| Daily Std Dev | 14.93% | 10.92% |
| Max Drawdown | -50.23% | -35.43% |
| Current Drawdown | -4.37% | -4.09% |
Correlation
The correlation between JXI and NOBL is 0.62, 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.
Performance
JXI vs. NOBL - Performance Comparison
In the year-to-date period, JXI achieves a 3.44% return, which is significantly higher than NOBL's 2.56% return. Over the past 10 years, JXI has underperformed NOBL with an annualized return of 5.72%, while NOBL has yielded a comparatively higher 10.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JXI vs. NOBL - Expense Ratio Comparison
JXI has a 0.46% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Risk-Adjusted Performance
JXI vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Utilities ETF (JXI) 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
JXI vs. NOBL - Dividend Comparison
JXI's dividend yield for the trailing twelve months is around 3.46%, more than NOBL's 2.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JXI iShares Global Utilities ETF | 3.46% | 3.58% | 3.13% | 2.78% | 2.65% | 3.43% | 3.16% | 3.62% | 4.77% | 3.78% | 3.55% | 4.30% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.08% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% | 0.30% |
Drawdowns
JXI vs. NOBL - Drawdown Comparison
The maximum JXI drawdown since its inception was -50.23%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for JXI and NOBL. For additional features, visit the drawdowns tool.
Volatility
JXI vs. NOBL - Volatility Comparison
iShares Global Utilities ETF (JXI) has a higher volatility of 4.09% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.94%. This indicates that JXI'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.