NOBL vs. IQQQ

Last updated Jun 4, 2026

NOBL (ProShares S&P 500 Dividend Aristocrats ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Over the past year, NOBL returned 9.00% vs 38.70% for IQQQ. At a 0.31 correlation, their price movements are largely independent. NOBL charges 0.35%/yr vs 0.55%/yr for IQQQ.

Performance

NOBL vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NOBL achieves a 3.51% return, which is significantly lower than IQQQ's 18.72% return.

NOBL

• 1D: -0.17%
• 1M: 1.01%
• YTD: 3.51%
• 6M: 3.45%
• 1Y: 9.00%
• 3Y*: 8.01%
• 5Y*: 5.03%
• 10Y*: 9.51%

IQQQ

• 1D: -0.30%
• 1M: 9.88%
• YTD: 18.72%
• 6M: 17.39%
• 1Y: 38.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NOBL vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NOBL ProShares S&P 500 Dividend Aristocrats ETF	3.51%	6.84%	1.77%
IQQQ ProShares Nasdaq-100 High Income ETF	18.72%	17.11%	13.39%

Correlation

The correlation between NOBL and IQQQ is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024	0.31

NOBL vs. IQQQ - Sectors Allocation Comparison

Sectors	NOBL	IQQQ
Consumer Defensive	23.5%	7.7%
Industrials	20.3%	2.8%
Financial Services	12.4%	0.2%
Basic Materials	10.9%	1.1%
Healthcare	9.7%	4.2%
Utilities	6.4%	1.4%
Consumer Cyclical	5.1%	12.3%
Real Estate	4.6%	0.1%
Technology	3.6%	53.8%
Energy	3.4%	0.6%
Communication Services	-	15.8%

Return for Risk

NOBL vs. IQQQ — Risk / Return Rank

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

NOBL

NOBL Risk / Return Rank: 22
NOBL Sharpe Ratio Rank: 22
NOBL Sortino Ratio Rank: 23
NOBL Omega Ratio Rank: 20
NOBL Calmar Ratio Rank: 22
NOBL Martin Ratio Rank: 21

IQQQ

IQQQ Risk / Return Rank: 70
IQQQ Sharpe Ratio Rank: 76
IQQQ Sortino Ratio Rank: 70
IQQQ Omega Ratio Rank: 69
IQQQ Calmar Ratio Rank: 69
IQQQ Martin Ratio Rank: 66

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. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.

	NOBL	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.80	2.53	-1.73
Sortino ratio: Return per unit of downside risk	1.24	3.27	-2.03
Omega ratio: Gain probability vs. loss probability	1.14	1.43	-0.29
Calmar ratio: Return relative to maximum drawdown	0.99	3.49	-2.50
Martin ratio: Return relative to average drawdown	2.58	12.41	-9.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NOBL vs. IQQQ - Sharpe Ratio Comparison

The current NOBL Sharpe Ratio is 0.80, which is lower than the IQQQ Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of NOBL and IQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NOBL	IQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	2.53	-1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	1.25	-0.60

Drawdowns

NOBL vs. IQQQ - Drawdown Comparison

The maximum NOBL drawdown since its inception was -35.43%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for NOBL and IQQQ.

Drawdown Indicators

	NOBL	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-35.43%	-20.41%	-15.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-11.13%	+2.02%
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.43%	—	—
Current Drawdown Current decline from peak	-5.99%	-0.30%	-5.69%
Average Drawdown Average peak-to-trough decline	-3.48%	-3.64%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	3.13%	+0.37%

Volatility

NOBL vs. IQQQ - Volatility Comparison

The current volatility for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is 2.36%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 3.99%. This indicates that NOBL experiences smaller price fluctuations and is considered to be less risky than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NOBL	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	3.99%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	8.00%	11.54%	-3.54%
Volatility (1Y) Calculated over the trailing 1-year period	11.33%	15.40%	-4.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.38%	18.57%	-4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	18.57%	-1.97%

NOBL vs. IQQQ - Expense Ratio Comparison

NOBL has a 0.35% expense ratio, which is lower than IQQQ's 0.55% expense ratio.

Dividends

NOBL vs. IQQQ - Dividend Comparison

NOBL's dividend yield for the trailing twelve months is around 2.12%, less than IQQQ's 4.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQQQ ProShares Nasdaq-100 High Income ETF	4.42%	10.34%	7.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	2.12%	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 IQQQ in my portfolio?

NOBL and IQQQ have a correlation of 0.24, 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 IQQQ?

IQQQ has higher volatility (3.99%) compared to NOBL (2.36%). In terms of maximum drawdown, NOBL dropped -35.43% vs IQQQ's -20.41%.

Which ETF is better, NOBL or IQQQ?

On 1-year performance, IQQQ leads with 38.70% vs 9.00% for NOBL. On fees, NOBL is cheaper at 0.35% per year. On volatility, NOBL has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NOBL or IQQQ?

Over the 1-year period, IQQQ has performed better with a 38.70% return vs 9.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NOBL or IQQQ?

NOBL is cheaper with a 0.35% expense ratio, compared with 0.55% for IQQQ.

Which ETF pays a higher dividend yield, NOBL or IQQQ?

IQQQ has the higher dividend yield at 4.42%, compared with 2.12% for NOBL.

What is the main difference between NOBL and IQQQ?

NOBL is categorized as Dividend, while IQQQ is Nasdaq-100. NOBL tracks S&P 500 Dividend Aristocrats Index, while IQQQ tracks Nasdaq-100 Daily Covered Call Index. Their fees differ too: 0.35% for NOBL and 0.55% for IQQQ.

Which has better risk-adjusted returns?

IQQQ currently has the higher Sharpe Ratio (2.53 vs 0.80), 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.