NOBL vs. USFR
NOBL (ProShares S&P 500 Dividend Aristocrats ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 10 years, NOBL returned 9.97%/yr vs 2.43%/yr for USFR. At a 0.00 correlation, their price movements are largely independent. NOBL charges 0.35%/yr vs 0.15%/yr for USFR.
Performance
NOBL vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, NOBL achieves a 6.48% return, which is significantly higher than USFR's 1.82% return. Over the past 10 years, NOBL has outperformed USFR with an annualized return of 9.97%, while USFR has yielded a comparatively lower 2.43% annualized return.
NOBL
- 1D
- 0.68%
- 1M
- 2.27%
- YTD
- 6.48%
- 6M
- 5.98%
- 1Y
- 12.52%
- 3Y*
- 8.50%
- 5Y*
- 6.18%
- 10Y*
- 9.97%
USFR
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.92%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.71%
- 10Y*
- 2.43%
NOBL vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 6.48% | 6.84% | 6.72% | 8.09% | -6.52% | 25.46% | 8.35% | 27.39% | -3.26% | 21.02% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between NOBL and USFR is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | 0.00 |
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Return for Risk
NOBL vs. USFR — Risk / Return Rank
NOBL
USFR
NOBL vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.57 | ||
| Sortino ratioReturn per unit of downside risk | -48.46 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 13.31 | -12.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 201.33 | -199.95 |
| Martin ratioReturn relative to average drawdown | 3.50 | 779.76 | -776.26 |
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Drawdowns
NOBL vs. USFR - Drawdown Comparison
The maximum NOBL drawdown since its inception was -35.43%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for NOBL and USFR.
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Drawdown Indicators
| NOBL | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -1.36% | -34.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -0.02% | -9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -0.06% | -15.30% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | -0.18% | -17.74% |
Max Drawdown (10Y)Largest decline over 10 years | -35.43% | -0.80% | -34.63% |
Current DrawdownCurrent decline from peak | -3.29% | 0.00% | -3.29% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -0.15% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.01% | +3.57% |
Volatility
NOBL vs. USFR - Volatility Comparison
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a higher volatility of 3.31% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that NOBL's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOBL | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 0.09% | +3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 0.19% | +8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 0.27% | +11.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 0.40% | +13.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 0.78% | +15.82% |
NOBL vs. USFR - Expense Ratio Comparison
NOBL has a 0.35% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
NOBL vs. USFR - Dividend Comparison
NOBL's dividend yield for the trailing twelve months is around 2.06%, less than USFR's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.06% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
USFR WisdomTree Floating Rate Treasury Fund | 3.90% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% |
Frequently Asked Questions
NOBL and USFR have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOBL has higher volatility (3.31%) compared to USFR (0.09%). In terms of maximum drawdown, NOBL dropped -35.43% vs USFR's -1.36%.
On 10-year performance, NOBL leads with 9.97% vs 2.43% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NOBL has performed better with a 9.97% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.35% for NOBL.
USFR has the higher dividend yield at 3.90%, compared with 2.06% for NOBL.
NOBL is categorized as Dividend, while USFR is Government Bonds. NOBL tracks S&P 500 Dividend Aristocrats Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.35% for NOBL and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.67 vs 1.10), 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.
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