NOBL vs. VOO
Compare and contrast key facts about ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Vanguard S&P 500 ETF (VOO).
NOBL and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both NOBL and VOO 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 VOO.
Key characteristics
| NOBL | VOO | |
|---|---|---|
| YTD Return | 11.38% | 23.64% |
| 1Y Return | 25.76% | 42.02% |
| 3Y Return (Ann) | 5.87% | 9.92% |
| 5Y Return (Ann) | 9.96% | 15.81% |
| 10Y Return (Ann) | 10.32% | 13.26% |
| Sharpe Ratio | 2.57 | 3.62 |
| Sortino Ratio | 3.64 | 4.77 |
| Omega Ratio | 1.46 | 1.68 |
| Calmar Ratio | 2.22 | 4.14 |
| Martin Ratio | 12.30 | 23.93 |
| Ulcer Index | 2.19% | 1.83% |
| Daily Std Dev | 10.49% | 12.09% |
| Max Drawdown | -35.43% | -33.99% |
| Current Drawdown | -3.20% | -0.48% |
Correlation
The correlation between NOBL and VOO 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. VOO - Performance Comparison
In the year-to-date period, NOBL achieves a 11.38% return, which is significantly lower than VOO's 23.64% return. Over the past 10 years, NOBL has underperformed VOO with an annualized return of 10.32%, while VOO has yielded a comparatively higher 13.26% annualized 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. VOO - Expense Ratio Comparison
NOBL has a 0.35% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
NOBL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
NOBL's dividend yield for the trailing twelve months is around 2.02%, more than VOO's 1.27% 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% | 1.59% | 0.30% |
VOO Vanguard S&P 500 ETF | 1.27% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
NOBL vs. VOO - Drawdown Comparison
The maximum NOBL drawdown since its inception was -35.43%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for NOBL and VOO. For additional features, visit the drawdowns tool.
Volatility
NOBL vs. VOO - Volatility Comparison
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Vanguard S&P 500 ETF (VOO) have volatilities of 2.71% and 2.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.