NOBL vs. CPSM
Compare and contrast key facts about ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Calamos S&P 500 Structured Alt Protection ETF - May (CPSM).
NOBL and CPSM 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. CPSM is an actively managed fund by Calamos. It was launched on May 1, 2024.
Performance
NOBL vs. CPSM - Performance Comparison
Loading graphics...
NOBL vs. CPSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.32% | 6.84% | 4.58% |
CPSM Calamos S&P 500 Structured Alt Protection ETF - May | 1.00% | 7.21% | 6.67% |
Returns By Period
In the year-to-date period, NOBL achieves a 2.32% return, which is significantly higher than CPSM's 1.00% 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%
CPSM
- 1D
- 0.19%
- 1M
- 0.26%
- YTD
- 1.00%
- 6M
- 2.12%
- 1Y
- 7.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NOBL vs. CPSM - Expense Ratio Comparison
NOBL has a 0.35% expense ratio, which is lower than CPSM's 0.69% expense ratio.
Return for Risk
NOBL vs. CPSM — Risk / Return Rank
NOBL
CPSM
NOBL vs. CPSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Calamos S&P 500 Structured Alt Protection ETF - May (CPSM). 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 | CPSM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 1.10 | -0.70 |
Sortino ratioReturn per unit of downside risk | 0.70 | 1.71 | -1.01 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.45 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.51 | -0.97 |
Martin ratioReturn relative to average drawdown | 1.89 | 9.75 | -7.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NOBL | CPSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 1.10 | -0.70 |
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 | 1.48 | -0.84 |
Correlation
The correlation between NOBL and CPSM is 0.39, 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. CPSM - Dividend Comparison
NOBL's dividend yield for the trailing twelve months is around 2.14%, while CPSM has not paid dividends to shareholders.
| 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% |
CPSM Calamos S&P 500 Structured Alt Protection ETF - May | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NOBL vs. CPSM - Drawdown Comparison
The maximum NOBL drawdown since its inception was -35.43%, which is greater than CPSM's maximum drawdown of -5.19%. Use the drawdown chart below to compare losses from any high point for NOBL and CPSM.
Loading graphics...
Drawdown Indicators
| NOBL | CPSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -5.19% | -30.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -4.99% | -6.21% |
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% | 0.00% | -7.07% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -0.21% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 0.77% | +2.41% |
Volatility
NOBL vs. CPSM - Volatility Comparison
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a higher volatility of 3.55% compared to Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) at 0.70%. This indicates that NOBL's price experiences larger fluctuations and is considered to be riskier than CPSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NOBL | CPSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 0.70% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | 1.19% | +6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.24% | 6.69% | +8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 5.30% | +9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 5.30% | +11.29% |