MCO vs. NOBL
Compare and contrast key facts about Moody's Corporation (MCO) 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: MCO or NOBL.
Key characteristics
| MCO | NOBL | |
|---|---|---|
| YTD Return | -4.96% | 1.92% |
| 1Y Return | 19.30% | 5.86% |
| 3Y Return (Ann) | 5.20% | 4.52% |
| 5Y Return (Ann) | 14.99% | 9.54% |
| 10Y Return (Ann) | 18.08% | 10.27% |
| Sharpe Ratio | 0.97 | 0.55 |
| Daily Std Dev | 20.02% | 10.96% |
| Max Drawdown | -78.72% | -35.43% |
| Current Drawdown | -8.39% | -4.69% |
Correlation
The correlation between MCO and NOBL is 0.65, 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
MCO vs. NOBL - Performance Comparison
In the year-to-date period, MCO achieves a -4.96% return, which is significantly lower than NOBL's 1.92% return. Over the past 10 years, MCO has outperformed NOBL with an annualized return of 18.08%, while NOBL has yielded a comparatively lower 10.27% 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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Risk-Adjusted Performance
MCO vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Moody's Corporation (MCO) 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
MCO vs. NOBL - Dividend Comparison
MCO's dividend yield for the trailing twelve months is around 0.85%, less than NOBL's 2.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCO Moody's Corporation | 0.85% | 0.79% | 1.00% | 0.63% | 0.77% | 0.84% | 1.26% | 1.03% | 1.57% | 1.36% | 1.17% | 1.15% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.10% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% | 0.30% |
Drawdowns
MCO vs. NOBL - Drawdown Comparison
The maximum MCO drawdown since its inception was -78.72%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for MCO and NOBL. For additional features, visit the drawdowns tool.
Volatility
MCO vs. NOBL - Volatility Comparison
Moody's Corporation (MCO) has a higher volatility of 5.01% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.89%. This indicates that MCO'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.