NRIM vs. NOBL
Compare and contrast key facts about Northrim BanCorp, Inc. (NRIM) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NRIM or NOBL.
Key characteristics
| NRIM | NOBL | |
|---|---|---|
| YTD Return | 38.49% | 13.88% |
| 1Y Return | 82.01% | 24.97% |
| 3Y Return (Ann) | 23.70% | 5.73% |
| 5Y Return (Ann) | 19.76% | 10.00% |
| 10Y Return (Ann) | 14.38% | 10.38% |
| Sharpe Ratio | 2.11 | 2.52 |
| Sortino Ratio | 2.95 | 3.54 |
| Omega Ratio | 1.36 | 1.45 |
| Calmar Ratio | 3.67 | 2.70 |
| Martin Ratio | 7.77 | 11.59 |
| Ulcer Index | 11.18% | 2.25% |
| Daily Std Dev | 41.12% | 10.35% |
| Max Drawdown | -74.59% | -35.43% |
| Current Drawdown | -1.44% | -1.03% |
Correlation
The correlation between NRIM and NOBL is 0.43, 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.
Performance
NRIM vs. NOBL - Performance Comparison
In the year-to-date period, NRIM achieves a 38.49% return, which is significantly higher than NOBL's 13.88% return. Over the past 10 years, NRIM has outperformed NOBL with an annualized return of 14.38%, while NOBL has yielded a comparatively lower 10.38% 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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Risk-Adjusted Performance
NRIM vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northrim BanCorp, Inc. (NRIM) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). 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
NRIM vs. NOBL - Dividend Comparison
NRIM's dividend yield for the trailing twelve months is around 3.18%, more than NOBL's 1.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRIM Northrim BanCorp, Inc. | 3.18% | 4.20% | 3.34% | 3.45% | 4.06% | 3.29% | 3.10% | 2.54% | 2.47% | 2.78% | 2.67% | 2.44% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 1.98% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.60% | 0.30% |
Drawdowns
NRIM vs. NOBL - Drawdown Comparison
The maximum NRIM drawdown since its inception was -74.59%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for NRIM and NOBL. For additional features, visit the drawdowns tool.
Volatility
NRIM vs. NOBL - Volatility Comparison
Northrim BanCorp, Inc. (NRIM) has a higher volatility of 18.97% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.94%. This indicates that NRIM's price experiences larger fluctuations and is considered to be riskier than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.