NOBL vs. DGRW
Compare and contrast key facts about ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and WisdomTree U.S. Dividend Growth Fund (DGRW).
NOBL and DGRW 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. DGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Dividend Growth Index. It was launched on May 22, 2013. Both NOBL and DGRW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOBL or DGRW.
Performance
NOBL vs. DGRW - Performance Comparison
Returns By Period
In the year-to-date period, NOBL achieves a 12.33% return, which is significantly lower than DGRW's 19.73% return. Over the past 10 years, NOBL has underperformed DGRW with an annualized return of 10.05%, while DGRW has yielded a comparatively higher 12.77% annualized return.
NOBL
12.33%
-2.37%
6.73%
19.82%
9.69%
10.05%
DGRW
19.73%
-1.78%
9.32%
26.72%
14.19%
12.77%
Key characteristics
| NOBL | DGRW | |
|---|---|---|
| Sharpe Ratio | 1.99 | 2.51 |
| Sortino Ratio | 2.79 | 3.49 |
| Omega Ratio | 1.35 | 1.46 |
| Calmar Ratio | 2.90 | 4.25 |
| Martin Ratio | 8.90 | 16.02 |
| Ulcer Index | 2.27% | 1.66% |
| Daily Std Dev | 10.19% | 10.61% |
| Max Drawdown | -35.43% | -32.04% |
| Current Drawdown | -2.37% | -2.95% |
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NOBL vs. DGRW - Expense Ratio Comparison
NOBL has a 0.35% expense ratio, which is higher than DGRW's 0.28% expense ratio.
Correlation
The correlation between NOBL and DGRW is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
NOBL vs. DGRW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and WisdomTree U.S. Dividend Growth Fund (DGRW). 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
NOBL vs. DGRW - Dividend Comparison
NOBL's dividend yield for the trailing twelve months is around 2.01%, more than DGRW's 1.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.01% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.60% | 0.30% |
DGRW WisdomTree U.S. Dividend Growth Fund | 1.53% | 1.74% | 2.15% | 1.78% | 1.91% | 2.20% | 2.42% | 1.73% | 2.13% | 2.18% | 1.79% | 1.06% |
Drawdowns
NOBL vs. DGRW - Drawdown Comparison
The maximum NOBL drawdown since its inception was -35.43%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for NOBL and DGRW. For additional features, visit the drawdowns tool.
Volatility
NOBL vs. DGRW - Volatility Comparison
The current volatility for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is 3.00%, while WisdomTree U.S. Dividend Growth Fund (DGRW) has a volatility of 3.63%. This indicates that NOBL experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.