NOBL vs. ALTY
NOBL (ProShares S&P 500 Dividend Aristocrats ETF) and ALTY (Global X Alternative Income ETF) are both exchange-traded funds - NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index, while ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index. Both are passively managed. Over the past 10 years, NOBL returned 9.97%/yr vs 6.15%/yr for ALTY. A 0.58 correlation means they provide meaningful diversification when combined. NOBL charges 0.35%/yr vs 0.50%/yr for ALTY.
Performance
NOBL vs. ALTY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NOBL having a 6.48% return and ALTY slightly lower at 6.45%. Over the past 10 years, NOBL has outperformed ALTY with an annualized return of 9.97%, while ALTY has yielded a comparatively lower 6.15% annualized return.
NOBL
- 1D
- 0.68%
- 1M
- 2.27%
- YTD
- 6.48%
- 6M
- 5.98%
- 1Y
- 12.52%
- 3Y*
- 8.50%
- 5Y*
- 6.18%
- 10Y*
- 9.97%
ALTY
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 6.45%
- 6M
- 6.36%
- 1Y
- 14.94%
- 3Y*
- 11.73%
- 5Y*
- 5.49%
- 10Y*
- 6.15%
NOBL vs. ALTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 6.48% | 6.84% | 6.72% | 8.09% | -6.52% | 25.46% | 8.35% | 27.39% | -3.26% | 21.02% |
ALTY Global X Alternative Income ETF | 6.45% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 21.44% | -6.18% | 10.82% |
Correlation
The correlation between NOBL and ALTY is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015 | 0.58 |
The correlation between NOBL and ALTY has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
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Return for Risk
NOBL vs. ALTY — Risk / Return Rank
NOBL
ALTY
NOBL vs. ALTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Global X Alternative Income ETF (ALTY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NOBL | ALTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.50 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 3.46 | -2.08 |
| Martin ratioReturn relative to average drawdown | 3.50 | 15.92 | -12.42 |
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Drawdowns
NOBL vs. ALTY - Drawdown Comparison
The maximum NOBL drawdown since its inception was -35.43%, smaller than the maximum ALTY drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for NOBL and ALTY.
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Drawdown Indicators
| NOBL | ALTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -51.47% | +16.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -4.34% | -4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -10.08% | -5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | -18.48% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -35.43% | -51.47% | +16.04% |
Current DrawdownCurrent decline from peak | -3.29% | -0.32% | -2.97% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -6.71% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.94% | +2.64% |
Volatility
NOBL vs. ALTY - Volatility Comparison
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a higher volatility of 3.31% compared to Global X Alternative Income ETF (ALTY) at 1.56%. This indicates that NOBL's price experiences larger fluctuations and is considered to be riskier than ALTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOBL | ALTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 1.56% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 4.54% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 5.90% | +5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 10.57% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 16.55% | +0.05% |
NOBL vs. ALTY - Expense Ratio Comparison
NOBL has a 0.35% expense ratio, which is lower than ALTY's 0.50% expense ratio.
Dividends
NOBL vs. ALTY - Dividend Comparison
NOBL's dividend yield for the trailing twelve months is around 2.06%, less than ALTY's 7.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.46% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.06% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
Frequently Asked Questions
NOBL and ALTY have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOBL has higher volatility (3.31%) compared to ALTY (1.56%). In terms of maximum drawdown, NOBL dropped -35.43% vs ALTY's -51.47%.
On 10-year performance, NOBL leads with 9.97% vs 6.15% for ALTY. On fees, NOBL is cheaper at 0.35% per year. On volatility, ALTY has been the lower-risk option at 1.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NOBL has performed better with a 9.97% return vs 6.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NOBL is cheaper with a 0.35% expense ratio, compared with 0.50% for ALTY.
ALTY has the higher dividend yield at 7.46%, compared with 2.06% for NOBL.
NOBL is categorized as Dividend, while ALTY is Global Allocation. NOBL tracks S&P 500 Dividend Aristocrats Index, while ALTY tracks Indxx SuperDividend Alternatives Index. They also come from different issuers: ProShares and Global X. Their fees differ too: 0.35% for NOBL and 0.50% for ALTY.
ALTY currently has the higher Sharpe Ratio (2.55 vs 1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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