NOBL vs. BITO
Compare and contrast key facts about ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and ProShares Bitcoin Strategy ETF (BITO).
NOBL and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
NOBL vs. BITO - Performance Comparison
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NOBL vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.32% | 6.84% | 6.72% | 8.09% | -6.52% | 7.18% |
BITO ProShares Bitcoin Strategy ETF | -22.79% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, NOBL achieves a 2.32% return, which is significantly higher than BITO's -22.79% return.
NOBL
- 1D
- -0.04%
- 1M
- -6.79%
- YTD
- 2.32%
- 6M
- 4.06%
- 1Y
- 6.18%
- 3Y*
- 7.40%
- 5Y*
- 6.30%
- 10Y*
- 9.54%
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
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NOBL vs. BITO - Expense Ratio Comparison
NOBL has a 0.35% expense ratio, which is lower than BITO's 0.95% expense ratio.
Return for Risk
NOBL vs. BITO — Risk / Return Rank
NOBL
BITO
NOBL vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and ProShares Bitcoin Strategy ETF (BITO). 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.
| NOBL | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | -0.52 | +0.92 |
Sortino ratioReturn per unit of downside risk | 0.70 | -0.50 | +1.19 |
Omega ratioGain probability vs. loss probability | 1.09 | 0.94 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | -0.42 | +0.96 |
Martin ratioReturn relative to average drawdown | 1.89 | -0.89 | +2.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOBL | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | -0.52 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | -0.08 | +0.72 |
Correlation
The correlation between NOBL and BITO is 0.27, 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.
Dividends
NOBL vs. BITO - Dividend Comparison
NOBL's dividend yield for the trailing twelve months is around 2.14%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.14% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NOBL vs. BITO - Drawdown Comparison
The maximum NOBL drawdown since its inception was -35.43%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for NOBL and BITO.
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Drawdown Indicators
| NOBL | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -77.86% | +42.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -50.05% | +38.85% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.43% | — | — |
Current DrawdownCurrent decline from peak | -7.07% | -46.75% | +39.68% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -36.57% | +33.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 23.73% | -20.55% |
Volatility
NOBL vs. BITO - Volatility Comparison
The current volatility for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is 3.55%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.84%. This indicates that NOBL experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOBL | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 12.84% | -9.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | 36.71% | -28.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.24% | 45.32% | -30.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 55.77% | -41.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 55.77% | -39.18% |