NOBL vs. REGL
Compare and contrast key facts about ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL).
NOBL and REGL 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. REGL is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Dividend Aristocrats Index. It was launched on Feb 5, 2015. Both NOBL and REGL 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 REGL.
Key characteristics
| NOBL | REGL | |
|---|---|---|
| YTD Return | 2.16% | 3.43% |
| 1Y Return | 7.15% | 10.82% |
| 3Y Return (Ann) | 4.81% | 3.85% |
| 5Y Return (Ann) | 9.48% | 7.94% |
| Sharpe Ratio | 0.84 | 0.89 |
| Daily Std Dev | 11.13% | 15.06% |
| Max Drawdown | -35.43% | -36.37% |
| Current Drawdown | -4.47% | -3.54% |
Correlation
The correlation between NOBL and REGL is 0.85, 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. REGL - Performance Comparison
In the year-to-date period, NOBL achieves a 2.16% return, which is significantly lower than REGL's 3.43% 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. REGL - Expense Ratio Comparison
NOBL has a 0.35% expense ratio, which is lower than REGL's 0.40% expense ratio.
Risk-Adjusted Performance
NOBL vs. REGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL). 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. REGL - Dividend Comparison
NOBL's dividend yield for the trailing twelve months is around 2.09%, less than REGL's 2.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.09% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% | 0.30% |
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF | 2.24% | 2.40% | 2.32% | 2.50% | 2.41% | 1.96% | 2.09% | 1.63% | 1.20% | 1.66% | 0.00% | 0.00% |
Drawdowns
NOBL vs. REGL - Drawdown Comparison
The maximum NOBL drawdown since its inception was -35.43%, roughly equal to the maximum REGL drawdown of -36.37%. Use the drawdown chart below to compare losses from any high point for NOBL and REGL. For additional features, visit the drawdowns tool.
Volatility
NOBL vs. REGL - Volatility Comparison
The current volatility for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is 2.80%, while ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) has a volatility of 3.73%. This indicates that NOBL experiences smaller price fluctuations and is considered to be less risky than REGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.