NOBL vs. SPY
Compare and contrast key facts about ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and SPDR S&P 500 ETF (SPY).
NOBL and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both NOBL and SPY 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 SPY.
Performance
NOBL vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, NOBL achieves a 11.81% return, which is significantly lower than SPY's 25.36% return. Over the past 10 years, NOBL has underperformed SPY with an annualized return of 10.00%, while SPY has yielded a comparatively higher 13.07% annualized return.
NOBL
11.81%
-2.83%
6.58%
19.11%
9.64%
10.00%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| NOBL | SPY | |
|---|---|---|
| Sharpe Ratio | 1.89 | 2.69 |
| Sortino Ratio | 2.66 | 3.59 |
| Omega Ratio | 1.33 | 1.50 |
| Calmar Ratio | 2.81 | 3.89 |
| Martin Ratio | 8.45 | 17.53 |
| Ulcer Index | 2.28% | 1.87% |
| Daily Std Dev | 10.20% | 12.15% |
| Max Drawdown | -35.43% | -55.19% |
| Current Drawdown | -2.83% | -1.41% |
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NOBL vs. SPY - Expense Ratio Comparison
NOBL has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between NOBL and SPY 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.
Risk-Adjusted Performance
NOBL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
NOBL's dividend yield for the trailing twelve months is around 2.02%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.02% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.60% | 0.30% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
NOBL vs. SPY - Drawdown Comparison
The maximum NOBL drawdown since its inception was -35.43%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NOBL and SPY. For additional features, visit the drawdowns tool.
Volatility
NOBL vs. SPY - Volatility Comparison
The current volatility for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is 2.98%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. This indicates that NOBL experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.