MULN vs. NOBL
Compare and contrast key facts about Mullen Automotive, Inc. (MULN) 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: MULN or NOBL.
Correlation
The correlation between MULN and NOBL is 0.06, 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.
Performance
MULN vs. NOBL - Performance Comparison
Key characteristics
MULN:
-0.51
NOBL:
0.93
MULN:
-4.94
NOBL:
1.36
MULN:
0.53
NOBL:
1.16
MULN:
-1.00
NOBL:
1.01
MULN:
-1.21
NOBL:
2.76
MULN:
82.86%
NOBL:
3.55%
MULN:
196.30%
NOBL:
10.51%
MULN:
-100.00%
NOBL:
-35.43%
MULN:
-100.00%
NOBL:
-5.64%
Returns By Period
In the year-to-date period, MULN achieves a -86.25% return, which is significantly lower than NOBL's 2.22% return. Over the past 10 years, MULN has underperformed NOBL with an annualized return of -22.45%, while NOBL has yielded a comparatively higher 9.45% annualized return.
MULN
-86.25%
-65.55%
-99.32%
-99.98%
-90.11%
-22.45%
NOBL
2.22%
0.62%
0.93%
8.96%
8.32%
9.45%
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Risk-Adjusted Performance
MULN vs. NOBL — Risk-Adjusted Performance Rank
MULN
NOBL
MULN vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mullen Automotive, Inc. (MULN) 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
MULN vs. NOBL - Dividend Comparison
MULN has not paid dividends to shareholders, while NOBL's dividend yield for the trailing twelve months is around 2.01%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MULN Mullen Automotive, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.01% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% |
Drawdowns
MULN vs. NOBL - Drawdown Comparison
The maximum MULN drawdown since its inception was -100.00%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for MULN and NOBL. For additional features, visit the drawdowns tool.
Volatility
MULN vs. NOBL - Volatility Comparison
Mullen Automotive, Inc. (MULN) has a higher volatility of 57.69% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.52%. This indicates that MULN'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.