NOBL vs. XRMI

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Global X S&P 500 Risk Managed Income ETF (XRMI).

NOBL and XRMI 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. XRMI is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Risk Managed Income Index. It was launched on Aug 25, 2021. Both NOBL and XRMI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

NOBL vs. XRMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Global X S&P 500 Risk Managed Income ETF (XRMI). The values are adjusted to include any dividend payments, if applicable.

NOBL vs. XRMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NOBL ProShares S&P 500 Dividend Aristocrats ETF	2.32%	6.84%	6.72%	8.09%	-6.52%	6.17%
XRMI Global X S&P 500 Risk Managed Income ETF	-2.13%	4.60%	15.18%	4.22%	-14.06%	2.68%

Returns By Period

In the year-to-date period, NOBL achieves a 2.32% return, which is significantly higher than XRMI's -2.13% return.

NOBL

• 1D: -0.04%
• 1M: -6.79%
• YTD: 2.32%
• 6M: 4.06%
• 1Y: 6.18%
• 3Y*: 7.40%
• 5Y*: 6.30%
• 10Y*: 9.54%

XRMI

• 1D: 0.41%
• 1M: -3.63%
• YTD: -2.13%
• 6M: 1.59%
• 1Y: 4.23%
• 3Y*: 6.19%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NOBL vs. XRMI - Expense Ratio Comparison

NOBL has a 0.35% expense ratio, which is lower than XRMI's 0.60% expense ratio.

XRMI

Global X S&P 500 Risk Managed Income ETF

NOBL

ProShares S&P 500 Dividend Aristocrats ETF

Return for Risk

NOBL vs. XRMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NOBL

NOBL Risk / Return Rank: 23
NOBL Sharpe Ratio Rank: 23
NOBL Sortino Ratio Rank: 23
NOBL Omega Ratio Rank: 22
NOBL Calmar Ratio Rank: 24
NOBL Martin Ratio Rank: 25

XRMI

XRMI Risk / Return Rank: 30
XRMI Sharpe Ratio Rank: 31
XRMI Sortino Ratio Rank: 29
XRMI Omega Ratio Rank: 29
XRMI Calmar Ratio Rank: 30
XRMI Martin Ratio Rank: 31

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. XRMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Global X S&P 500 Risk Managed Income ETF (XRMI). 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.

	NOBL	XRMI	Difference
Sharpe ratio Return per unit of total volatility	0.41	0.62	-0.21
Sortino ratio Return per unit of downside risk	0.70	0.89	-0.19
Omega ratio Gain probability vs. loss probability	1.09	1.13	-0.04
Calmar ratio Return relative to maximum drawdown	0.54	0.80	-0.26
Martin ratio Return relative to average drawdown	1.89	2.72	-0.83
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. XRMI - Sharpe Ratio Comparison

The current NOBL Sharpe Ratio is 0.41, which is lower than the XRMI Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of NOBL and XRMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NOBL	XRMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	0.62	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.26	+0.39

Correlation

The correlation between NOBL and XRMI is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NOBL vs. XRMI - Dividend Comparison

NOBL's dividend yield for the trailing twelve months is around 2.14%, less than XRMI's 12.78% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOBL ProShares S&P 500 Dividend Aristocrats ETF	2.14%	2.14%	2.05%	2.09%	1.94%	1.89%	2.14%	1.89%	2.37%	1.74%	2.13%	2.02%
XRMI Global X S&P 500 Risk Managed Income ETF	12.78%	12.35%	11.86%	12.62%	12.84%	2.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NOBL vs. XRMI - Drawdown Comparison

The maximum NOBL drawdown since its inception was -35.43%, which is greater than XRMI's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for NOBL and XRMI.

Drawdown Indicators

	NOBL	XRMI	Difference
Max Drawdown Largest peak-to-trough decline	-35.43%	-15.31%	-20.12%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-5.02%	-6.18%
Max Drawdown (5Y) Largest decline over 5 years	-17.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.43%	—	—
Current Drawdown Current decline from peak	-7.07%	-3.86%	-3.21%
Average Drawdown Average peak-to-trough decline	-3.45%	-6.10%	+2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	1.47%	+1.71%

Volatility

NOBL vs. XRMI - Volatility Comparison

ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a higher volatility of 3.55% compared to Global X S&P 500 Risk Managed Income ETF (XRMI) at 2.68%. This indicates that NOBL's price experiences larger fluctuations and is considered to be riskier than XRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NOBL	XRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	2.68%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	8.06%	4.51%	+3.55%
Volatility (1Y) Calculated over the trailing 1-year period	15.24%	6.88%	+8.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.39%	6.99%	+7.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	6.99%	+9.60%