NOBL vs. DIVO
Compare and contrast key facts about ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
NOBL and DIVO 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. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOBL or DIVO.
Key characteristics
| NOBL | DIVO | |
|---|---|---|
| YTD Return | 11.38% | 15.88% |
| 1Y Return | 25.76% | 25.06% |
| 3Y Return (Ann) | 5.87% | 8.21% |
| 5Y Return (Ann) | 9.96% | 12.15% |
| Sharpe Ratio | 2.57 | 3.12 |
| Sortino Ratio | 3.64 | 4.39 |
| Omega Ratio | 1.46 | 1.57 |
| Calmar Ratio | 2.22 | 4.24 |
| Martin Ratio | 12.30 | 20.50 |
| Ulcer Index | 2.19% | 1.30% |
| Daily Std Dev | 10.49% | 8.55% |
| Max Drawdown | -35.43% | -30.04% |
| Current Drawdown | -3.20% | -2.32% |
Correlation
The correlation between NOBL and DIVO is 0.80, 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.
Performance
NOBL vs. DIVO - Performance Comparison
In the year-to-date period, NOBL achieves a 11.38% return, which is significantly lower than DIVO's 15.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NOBL vs. DIVO - Expense Ratio Comparison
NOBL has a 0.35% expense ratio, which is lower than DIVO's 0.55% expense ratio.
Risk-Adjusted Performance
NOBL vs. DIVO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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. DIVO - Dividend Comparison
NOBL's dividend yield for the trailing twelve months is around 2.02%, less than DIVO's 4.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.02% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% | 0.30% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.14% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NOBL vs. DIVO - Drawdown Comparison
The maximum NOBL drawdown since its inception was -35.43%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for NOBL and DIVO. For additional features, visit the drawdowns tool.
Volatility
NOBL vs. DIVO - Volatility Comparison
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a higher volatility of 2.71% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.42%. This indicates that NOBL's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.