NKE vs. NOBL
Compare and contrast key facts about NIKE, Inc. (NKE) 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: NKE or NOBL.
Key characteristics
| NKE | NOBL | |
|---|---|---|
| YTD Return | -16.49% | 2.05% |
| 1Y Return | -28.04% | 7.06% |
| 3Y Return (Ann) | -11.07% | 4.55% |
| 5Y Return (Ann) | 2.12% | 9.39% |
| 10Y Return (Ann) | 10.89% | 10.28% |
| Sharpe Ratio | -1.03 | 0.55 |
| Daily Std Dev | 27.51% | 10.96% |
| Max Drawdown | -57.01% | -35.43% |
| Current Drawdown | -47.62% | -4.58% |
Correlation
The correlation between NKE and NOBL is 0.59, 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
NKE vs. NOBL - Performance Comparison
In the year-to-date period, NKE achieves a -16.49% return, which is significantly lower than NOBL's 2.05% return. Over the past 10 years, NKE has outperformed NOBL with an annualized return of 10.89%, while NOBL has yielded a comparatively lower 10.28% 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
NKE vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NIKE, Inc. (NKE) 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
NKE vs. NOBL - Dividend Comparison
NKE's dividend yield for the trailing twelve months is around 1.57%, less than NOBL's 2.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NKE NIKE, Inc. | 1.57% | 1.28% | 1.07% | 0.68% | 0.71% | 0.89% | 1.11% | 1.18% | 1.30% | 1.38% | 2.08% | 2.21% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.09% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% | 0.30% |
Drawdowns
NKE vs. NOBL - Drawdown Comparison
The maximum NKE drawdown since its inception was -57.01%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for NKE and NOBL. For additional features, visit the drawdowns tool.
Volatility
NKE vs. NOBL - Volatility Comparison
NIKE, Inc. (NKE) has a higher volatility of 6.24% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.87%. This indicates that NKE'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.