NOBL vs. IP

Last updated Jun 14, 2026

NOBL (ProShares S&P 500 Dividend Aristocrats ETF) is Dividend fund tracking the S&P 500 Dividend Aristocrats Index, while IP (International Paper Company) is a stock. Over the past 10 years, NOBL returned 9.94%/yr vs 3.48%/yr for IP. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

NOBL vs. IP - Performance Comparison

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

Returns By Period

In the year-to-date period, NOBL achieves a 7.43% return, which is significantly higher than IP's -5.93% return. Over the past 10 years, NOBL has outperformed IP with an annualized return of 9.94%, while IP has yielded a comparatively lower 3.48% 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%

IP

• 1D: 3.43%
• 1M: 16.10%
• YTD: -5.93%
• 6M: -3.85%
• 1Y: -17.46%
• 3Y*: 9.44%
• 5Y*: -5.62%
• 10Y*: 3.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NOBL vs. IP - 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%
IP International Paper Company	-5.93%	-23.83%	55.31%	10.20%	-23.05%	3.48%	13.83%	19.47%	-27.72%	13.13%

Correlation

The correlation between NOBL and IP is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Oct 10, 2013	0.62

The correlation between NOBL and IP shifts across timeframes, from 0.49 (3 years) to 0.62 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NOBL vs. IP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NOBL

NOBL Risk / Return Rank: 32
NOBL Sharpe Ratio Rank: 34
NOBL Sortino Ratio Rank: 36
NOBL Omega Ratio Rank: 31
NOBL Calmar Ratio Rank: 32
NOBL Martin Ratio Rank: 28

IP

IP Risk / Return Rank: 25
IP Sharpe Ratio Rank: 22
IP Sortino Ratio Rank: 23
IP Omega Ratio Rank: 22
IP Calmar Ratio Rank: 28
IP Martin Ratio Rank: 28

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. IP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and International Paper Company (IP). 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	IP	Difference
Sharpe ratio: Return per unit of total volatility	1.09	-0.46	+1.55
Sortino ratio: Return per unit of downside risk	1.67	-0.40	+2.07
Omega ratio: Gain probability vs. loss probability	1.19	0.95	+0.24
Calmar ratio: Return relative to maximum drawdown	1.38	-0.43	+1.81
Martin ratio: Return relative to average drawdown	3.53	-0.78	+4.31

NOBL vs. IP - Sharpe Ratio Comparison

The current NOBL Sharpe Ratio is 1.09, which is higher than the IP Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of NOBL and IP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NOBL vs. IP - Drawdown Comparison

The maximum NOBL drawdown since its inception was -35.43%, smaller than the maximum IP drawdown of -90.62%. Use the drawdown chart below to compare losses from any high point for NOBL and IP.

Drawdown Indicators

	NOBL	IP	Difference
Max Drawdown Largest peak-to-trough decline	-35.43%	-90.62%	+55.19%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-45.52%	+36.41%
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	-48.61%	+33.25%
Max Drawdown (5Y) Largest decline over 5 years	-17.92%	-48.61%	+30.69%
Max Drawdown (10Y) Largest decline over 10 years	-35.43%	-55.27%	+19.84%
Current Drawdown Current decline from peak	-2.43%	-35.82%	+33.39%
Average Drawdown Average peak-to-trough decline	-3.48%	-20.89%	+17.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	25.34%	-21.78%

Volatility

NOBL vs. IP - Volatility Comparison

The current volatility for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is 2.95%, while International Paper Company (IP) has a volatility of 15.74%. This indicates that NOBL experiences smaller price fluctuations and is considered to be less risky than IP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NOBL	IP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	15.74%	-12.79%
Volatility (6M) Calculated over the trailing 6-month period	8.11%	32.96%	-24.85%
Volatility (1Y) Calculated over the trailing 1-year period	11.52%	42.63%	-31.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.41%	32.86%	-18.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	32.35%	-15.74%

Dividends

NOBL vs. IP - Dividend Comparison

NOBL's dividend yield for the trailing twelve months is around 2.04%, less than IP's 5.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IP International Paper Company	5.12%	4.70%	3.44%	5.12%	5.34%	4.08%	4.12%	4.37%	4.77%	3.21%	3.36%	4.35%
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

Can I hold both NOBL and IP in my portfolio?

NOBL and IP have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NOBL or IP?

IP has higher volatility (15.74%) compared to NOBL (2.95%). In terms of maximum drawdown, NOBL dropped -35.43% vs IP's -90.62%.

Which has better risk-adjusted returns?

NOBL currently has the higher Sharpe Ratio (1.09 vs -0.46), 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.