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NOBL vs. SCHD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NOBL vs. SCHD

Last updated Apr 12, 2026

NOBL (ProShares S&P 500 Dividend Aristocrats ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds — NOBL is a S&P 500 fund tracking the S&P 500 Dividend Aristocrats Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, NOBL returned 9.68%/yr vs 12.27%/yr for SCHD. Their correlation of 0.92 suggests significant overlap in exposure. NOBL charges 0.35%/yr vs 0.06%/yr for SCHD.

Performance

NOBL vs. SCHD - Performance Comparison

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

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Returns By Period

In the year-to-date period, NOBL achieves a 3.46% return, which is significantly lower than SCHD's 12.35% return. Over the past 10 years, NOBL has underperformed SCHD with an annualized return of 9.68%, while SCHD has yielded a comparatively higher 12.27% annualized return.

NOBL

1D
-0.89%
1M
0.34%
YTD
3.46%
6M
6.98%
1Y
13.97%
3Y*
7.75%
5Y*
6.34%
10Y*
9.68%

SCHD

1D
-1.23%
1M
-0.01%
YTD
12.35%
6M
17.31%
1Y
25.46%
3Y*
11.71%
5Y*
8.08%
10Y*
12.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NOBL vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NOBL
ProShares S&P 500 Dividend Aristocrats ETF		3.46%6.84%6.72%8.09%-6.52%25.46%8.35%27.39%-3.26%21.02%
SCHD
Schwab U.S. Dividend Equity ETF		12.35%4.34%11.66%4.54%-3.26%29.87%15.03%27.29%-5.56%20.85%

Correlation

The correlation between NOBL and SCHD is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.87

Correlation (3Y)
Calculated over the trailing 3-year period

0.89

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2013

0.92

The correlation between NOBL and SCHD has been stable across timeframes, ranging from 0.87 to 0.92 — a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares S&P 500 Dividend Aristocrats ETF

Schwab U.S. Dividend Equity ETF

Often compared with NOBL:
NOBL vs. VIGNOBL vs. SPYNOBL vs. DGRONOBL vs. SDYNOBL vs. VOONOBL vs. KNGNOBL vs. REGL
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

NOBL vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NOBL
NOBL Risk / Return Rank: 2929
Overall Rank
NOBL Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
NOBL Sortino Ratio Rank: 2727
Sortino Ratio Rank
NOBL Omega Ratio Rank: 2424
Omega Ratio Rank
NOBL Calmar Ratio Rank: 3333
Calmar Ratio Rank
NOBL Martin Ratio Rank: 3333
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 7272
Overall Rank
SCHD Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 7373
Sortino Ratio Rank
SCHD Omega Ratio Rank: 5959
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9191
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7070
Martin Ratio Rank
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. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

NOBLSCHDDifference

Sharpe ratio

Return per unit of total volatility

1.27

2.31

-1.04

Sortino ratio

Return per unit of downside risk

1.95

3.54

-1.59

Omega ratio

Gain probability vs. loss probability

1.22

1.41

-0.19

Calmar ratio

Return relative to maximum drawdown

2.26

6.61

-4.36

Martin ratio

Return relative to average drawdown

7.44

16.08

-8.63

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. SCHD - Sharpe Ratio Comparison

The current NOBL Sharpe Ratio is 1.27, which is lower than the SCHD Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of NOBL and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

NOBLSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.27

2.31

-1.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

0.56

-0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.74

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.84

-0.19

Drawdowns

NOBL vs. SCHD - Drawdown Comparison

The maximum NOBL drawdown since its inception was -35.43%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for NOBL and SCHD.

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Drawdown Indicators

NOBLSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-35.43%

-33.37%

-2.06%

Max Drawdown (1Y)

Largest decline over 1 year

-9.11%

-4.61%

-4.50%

Max Drawdown (5Y)

Largest decline over 5 years

-17.92%

-16.85%

-1.07%

Max Drawdown (10Y)

Largest decline over 10 years

-35.43%

-33.37%

-2.06%

Current Drawdown

Current decline from peak

-6.04%

-3.27%

-2.77%

Average Drawdown

Average peak-to-trough decline

-3.45%

-3.34%

-0.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.76%

1.90%

+0.86%

Volatility

NOBL vs. SCHD - Volatility Comparison

ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a higher volatility of 4.11% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.68%. This indicates that NOBL's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NOBLSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.11%

2.68%

+1.43%

Volatility (6M)

Calculated over the trailing 6-month period

8.39%

8.03%

+0.36%

Volatility (1Y)

Calculated over the trailing 1-year period

12.64%

12.38%

+0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.42%

14.40%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.60%

16.70%

-0.10%

NOBL vs. SCHD - Expense Ratio Comparison

NOBL has a 0.35% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

NOBL vs. SCHD - Dividend Comparison

NOBL's dividend yield for the trailing twelve months is around 2.12%, less than SCHD's 3.45% yield.

TTM20252024202320222021202020192018201720162015
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%
SCHD
Schwab U.S. Dividend Equity ETF		3.45%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%