PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
NOBL vs. DEW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NOBL vs. DEW

Last updated Jun 24, 2026

NOBL (ProShares S&P 500 Dividend Aristocrats ETF) and DEW (WisdomTree Global High Dividend Fund) are both exchange-traded funds - NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index, while DEW is a Large Cap Value Equities fund tracking the WisdomTree Global High Dividend Index. Both are passively managed. Over the past 10 years, NOBL returned 9.97%/yr vs 9.72%/yr for DEW. Their correlation of 0.83 suggests significant overlap in exposure. NOBL charges 0.35%/yr vs 0.58%/yr for DEW.

Performance

NOBL vs. DEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and WisdomTree Global High Dividend Fund (DEW). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, NOBL achieves a 6.48% return, which is significantly lower than DEW's 12.97% return. Both investments have delivered pretty close results over the past 10 years, with NOBL having a 9.97% annualized return and DEW not far behind at 9.72%.

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%

DEW

1D
0.43%
1M
-0.07%
YTD
12.97%
6M
12.77%
1Y
25.61%
3Y*
19.27%
5Y*
11.57%
10Y*
9.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NOBL vs. DEW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
DEW
WisdomTree Global High Dividend Fund		12.97%22.39%11.58%9.39%-2.73%21.29%-7.32%20.45%-10.58%15.38%

Correlation

The correlation between NOBL and DEW is 0.78, 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

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.85

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Oct 10, 2013

0.83

The correlation between NOBL and DEW has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

NOBL vs. DEW - Sectors Allocation Comparison

Sectors
NOBL
DEW

Consumer Defensive

23.6%
8.9%

Industrials

20.2%
4.4%

Financial Services

12.8%
19.7%

Healthcare

10.2%
9.5%

Basic Materials

10.2%
2.8%

Utilities

5.7%
10.8%

Consumer Cyclical

5.3%
3.1%

Technology

4.6%
2.5%

Real Estate

4.6%
10.8%

Energy

2.9%
14.7%

Communication Services

-

4.1%

Consumer Defensive

NOBL
23.6%
DEW
8.9%

Industrials

NOBL
20.2%
DEW
4.4%

Financial Services

NOBL
12.8%
DEW
19.7%

Healthcare

NOBL
10.2%
DEW
9.5%

Basic Materials

NOBL
10.2%
DEW
2.8%

Utilities

NOBL
5.7%
DEW
10.8%

Consumer Cyclical

NOBL
5.3%
DEW
3.1%

Technology

NOBL
4.6%
DEW
2.5%

Real Estate

NOBL
4.6%
DEW
10.8%

Energy

NOBL
2.9%
DEW
14.7%

Communication Services

NOBL

-

DEW
4.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares S&P 500 Dividend Aristocrats ETF

WisdomTree Global High Dividend Fund

Often compared with NOBL:
NOBL vs. SCHDNOBL vs. SPYNOBL vs. VIGNOBL vs. DGRONOBL vs. SDYNOBL vs. VOONOBL vs. KNG
Often compared with DEW:
DEW vs. DTDDEW vs. IDVODEW vs. SPYDEW vs. ^GSPCDEW vs. SCHDDEW vs. NTSXDEW vs. PEY

Return for Risk

NOBL vs. DEW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NOBL
NOBL Risk / Return Rank: 2929
Overall Rank
NOBL Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
NOBL Sortino Ratio Rank: 3232
Sortino Ratio Rank
NOBL Omega Ratio Rank: 2828
Omega Ratio Rank
NOBL Calmar Ratio Rank: 2828
Calmar Ratio Rank
NOBL Martin Ratio Rank: 2727
Martin Ratio Rank
DEW
DEW Risk / Return Rank: 8484
Overall Rank
DEW Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
DEW Sortino Ratio Rank: 8787
Sortino Ratio Rank
DEW Omega Ratio Rank: 8383
Omega Ratio Rank
DEW Calmar Ratio Rank: 8181
Calmar Ratio Rank
DEW Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NOBL vs. DEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and WisdomTree Global High Dividend Fund (DEW). 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.

NOBLDEWDifference
Sharpe ratioReturn per unit of total volatility
1.10
2.64

-1.54

Sortino ratioReturn per unit of downside risk
1.67
3.68

-2.01

Omega ratioGain probability vs. loss probability

1.19

1.47

-0.28

Calmar ratioReturn relative to maximum drawdown

1.38

4.06

-2.68

Martin ratioReturn relative to average drawdown

3.50

15.88

-12.38

NOBL vs. DEW - Sharpe Ratio Comparison

The current NOBL Sharpe Ratio is 1.10, which is lower than the DEW Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of NOBL and DEW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

NOBL vs. DEW - Drawdown Comparison

The maximum NOBL drawdown since its inception was -35.43%, smaller than the maximum DEW drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for NOBL and DEW.

Loading charts...

Drawdown Indicators

NOBLDEWDifference

Max Drawdown

Largest peak-to-trough decline

-35.43%

-65.55%

+30.12%

Max Drawdown (1Y)

Largest decline over 1 year

-9.11%

-6.34%

-2.77%

Max Drawdown (3Y)

Largest decline over 3 years

-15.36%

-11.80%

-3.56%

Max Drawdown (5Y)

Largest decline over 5 years

-17.92%

-18.86%

+0.94%

Max Drawdown (10Y)

Largest decline over 10 years

-35.43%

-38.77%

+3.34%

Current Drawdown

Current decline from peak

-3.29%

-1.12%

-2.17%

Average Drawdown

Average peak-to-trough decline

-3.48%

-12.41%

+8.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.58%

1.62%

+1.96%

Volatility

NOBL vs. DEW - Volatility Comparison

ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a higher volatility of 3.31% compared to WisdomTree Global High Dividend Fund (DEW) at 2.77%. This indicates that NOBL's price experiences larger fluctuations and is considered to be riskier than DEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

NOBLDEWDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.31%

2.77%

+0.54%

Volatility (6M)

Calculated over the trailing 6-month period

8.22%

7.35%

+0.87%

Volatility (1Y)

Calculated over the trailing 1-year period

11.52%

9.76%

+1.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.38%

12.98%

+1.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.60%

15.42%

+1.18%

NOBL vs. DEW - Expense Ratio Comparison

NOBL has a 0.35% expense ratio, which is lower than DEW's 0.58% expense ratio.

Dividends

NOBL vs. DEW - Dividend Comparison

NOBL's dividend yield for the trailing twelve months is around 2.06%, less than DEW's 3.18% yield.

PositionTTM20252024202320222021202020192018201720162015
DEW
WisdomTree Global High Dividend Fund		3.18%3.71%4.02%4.55%3.82%3.55%4.10%3.74%4.17%3.18%3.42%4.32%
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 DEW have a correlation of 0.78, 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 DEW (2.77%). In terms of maximum drawdown, NOBL dropped -35.43% vs DEW's -65.55%.

On 10-year performance, NOBL leads with 9.97% vs 9.72% for DEW. On fees, NOBL is cheaper at 0.35% per year. On volatility, DEW has been the lower-risk option at 2.77%. 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 9.72%. 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 0.58% for DEW.

DEW has the higher dividend yield at 3.18%, compared with 2.06% for NOBL.

NOBL is categorized as Dividend, while DEW is Large Cap Value Equities. NOBL tracks S&P 500 Dividend Aristocrats Index, while DEW tracks WisdomTree Global High Dividend Index. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.35% for NOBL and 0.58% for DEW.

DEW currently has the higher Sharpe Ratio (2.64 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.

Portfolio Optimizer

Find the right allocation for NOBL and DEW

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer