Correlation
The correlation between MNDO and NOBL is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
MNDO vs. NOBL
Compare and contrast key facts about MIND C.T.I. Ltd (MNDO) 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: MNDO or NOBL.
Performance
MNDO vs. NOBL - Performance Comparison
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Key characteristics
MNDO:
-0.38
NOBL:
0.43
MNDO:
-0.41
NOBL:
0.65
MNDO:
0.94
NOBL:
1.08
MNDO:
-0.25
NOBL:
0.38
MNDO:
-1.30
NOBL:
1.18
MNDO:
8.26%
NOBL:
4.97%
MNDO:
25.91%
NOBL:
15.31%
MNDO:
-94.27%
NOBL:
-35.44%
MNDO:
-39.13%
NOBL:
-6.50%
Returns By Period
In the year-to-date period, MNDO achieves a -15.48% return, which is significantly lower than NOBL's 1.29% return. Over the past 10 years, MNDO has underperformed NOBL with an annualized return of 5.57%, while NOBL has yielded a comparatively higher 9.40% annualized return.
MNDO
-15.48%
-10.82%
-15.70%
-12.15%
-7.30%
5.65%
5.57%
NOBL
1.29%
3.00%
-6.50%
4.54%
5.13%
10.75%
9.40%
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Risk-Adjusted Performance
MNDO vs. NOBL — Risk-Adjusted Performance Rank
MNDO
NOBL
MNDO vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MIND C.T.I. Ltd (MNDO) 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.
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Dividends
MNDO vs. NOBL - Dividend Comparison
MNDO's dividend yield for the trailing twelve months is around 14.77%, more than NOBL's 2.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNDO MIND C.T.I. Ltd | 14.77% | 12.15% | 12.24% | 12.38% | 8.37% | 9.27% | 10.78% | 13.16% | 11.55% | 10.98% | 11.86% | 6.11% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.12% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% |
Drawdowns
MNDO vs. NOBL - Drawdown Comparison
The maximum MNDO drawdown since its inception was -94.27%, which is greater than NOBL's maximum drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for MNDO and NOBL.
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Volatility
MNDO vs. NOBL - Volatility Comparison
MIND C.T.I. Ltd (MNDO) has a higher volatility of 13.22% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 4.97%. This indicates that MNDO'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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