NOBL vs. EMR
NOBL (ProShares S&P 500 Dividend Aristocrats ETF) is Dividend fund tracking the S&P 500 Dividend Aristocrats Index, while EMR (Emerson Electric Co.) is a stock. Over the past 10 years, NOBL returned 9.94%/yr vs 13.44%/yr for EMR. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
NOBL vs. EMR - Performance Comparison
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Returns By Period
In the year-to-date period, NOBL achieves a 7.43% return, which is significantly lower than EMR's 8.65% return. Over the past 10 years, NOBL has underperformed EMR with an annualized return of 9.94%, while EMR has yielded a comparatively higher 13.44% annualized return.
NOBL
- 1D
- 0.54%
- 1M
- 4.72%
- YTD
- 7.43%
- 6M
- 6.43%
- 1Y
- 13.97%
- 3Y*
- 8.55%
- 5Y*
- 5.94%
- 10Y*
- 9.94%
EMR
- 1D
- 0.69%
- 1M
- 4.18%
- YTD
- 8.65%
- 6M
- 5.53%
- 1Y
- 15.82%
- 3Y*
- 20.61%
- 5Y*
- 10.27%
- 10Y*
- 13.44%
NOBL vs. EMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 7.43% | 6.84% | 6.72% | 8.09% | -6.52% | 25.46% | 8.35% | 27.39% | -3.26% | 21.02% |
EMR Emerson Electric Co. | 8.65% | 8.92% | 29.73% | 3.75% | 5.74% | 18.19% | 8.61% | 31.53% | -11.87% | 29.05% |
Correlation
The correlation between NOBL and EMR is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2013 | 0.70 |
The correlation between NOBL and EMR shifts across timeframes, from 0.56 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NOBL vs. EMR — Risk / Return Rank
NOBL
EMR
NOBL vs. EMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Emerson Electric Co. (EMR). 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.
| NOBL | EMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.11 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.63 | +0.75 |
| Martin ratioReturn relative to average drawdown | 3.53 | 1.37 | +2.16 |
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Drawdowns
NOBL vs. EMR - Drawdown Comparison
The maximum NOBL drawdown since its inception was -35.43%, smaller than the maximum EMR drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for NOBL and EMR.
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Drawdown Indicators
| NOBL | EMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -59.05% | +23.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -23.45% | +14.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -29.62% | +14.26% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | -29.62% | +11.70% |
Max Drawdown (10Y)Largest decline over 10 years | -35.43% | -50.77% | +15.34% |
Current DrawdownCurrent decline from peak | -2.43% | -10.82% | +8.39% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -14.11% | +10.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 10.79% | -7.23% |
Volatility
NOBL vs. EMR - Volatility Comparison
The current volatility for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is 2.95%, while Emerson Electric Co. (EMR) has a volatility of 9.08%. This indicates that NOBL experiences smaller price fluctuations and is considered to be less risky than EMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOBL | EMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 9.08% | -6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 25.24% | -17.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 30.47% | -18.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 27.36% | -12.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 29.14% | -12.53% |
Dividends
NOBL vs. EMR - Dividend Comparison
NOBL's dividend yield for the trailing twelve months is around 2.04%, more than EMR's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMR Emerson Electric Co. | 1.53% | 1.61% | 1.70% | 2.14% | 2.15% | 2.18% | 2.49% | 2.58% | 3.26% | 2.76% | 3.42% | 3.94% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.04% | 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 EMR have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMR has higher volatility (9.08%) compared to NOBL (2.95%). In terms of maximum drawdown, NOBL dropped -35.43% vs EMR's -59.05%.
NOBL currently has the higher Sharpe Ratio (1.09 vs 0.49), 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.
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