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.
Key characteristics
MULN | NOBL | |
---|---|---|
YTD Return | -70.85% | 2.94% |
1Y Return | -99.69% | 9.26% |
3Y Return (Ann) | -97.38% | 4.26% |
5Y Return (Ann) | -87.33% | 9.57% |
10Y Return (Ann) | -71.09% | 10.47% |
Sharpe Ratio | -0.45 | 0.78 |
Daily Std Dev | 220.47% | 10.91% |
Max Drawdown | -100.00% | -35.43% |
Current Drawdown | -100.00% | -3.74% |
Correlation
The correlation between MULN 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.
Performance
MULN vs. NOBL - Performance Comparison
In the year-to-date period, MULN achieves a -70.85% return, which is significantly lower than NOBL's 2.94% return. Over the past 10 years, MULN has underperformed NOBL with an annualized return of -71.09%, while NOBL has yielded a comparatively higher 10.47% 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
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 2.08%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
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 81.40% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.84%. 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.