NVDB vs. NOBL
NVDB (ProShares Ultra NVDA) and NOBL (ProShares S&P 500 Dividend Aristocrats ETF) are both exchange-traded funds - NVDB is a Leveraged Equities fund tracking the NVIDIA Corporation, while NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index. Both are passively managed. Their -0.17 correlation means they have often moved in opposite directions in the past. NVDB charges 0.95%/yr vs 0.35%/yr for NOBL.
Performance
NVDB vs. NOBL - Performance Comparison
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Returns By Period
In the year-to-date period, NVDB achieves a -1.03% return, which is significantly lower than NOBL's 10.84% return.
NVDB
- 1D
- 5.52%
- 1M
- 3.80%
- 6M
- -4.26%
- YTD
- -1.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NOBL
- 1D
- -0.19%
- 1M
- -1.09%
- 6M
- 4.89%
- YTD
- 10.84%
- 1Y
- 15.41%
- 3Y*
- 8.04%
- 5Y*
- 6.49%
- 10Y*
- 9.86%
- ALL TIME*
- 10.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $66.40M | $66.46M | $60.79M | |
| $471.67K | $569.36K | $937.39K |
NVDB vs. NOBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDB ProShares Ultra NVDA | -1.03% | 1.98% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 10.84% | 1.41% |
Correlation
The correlation between NVDB and NOBL is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | -0.17 |
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Return for Risk
NVDB vs. NOBL — Risk / Return Rank
NVDB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NOBL
NVDB vs. NOBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra NVDA (NVDB) 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.
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.
| NVDB | NOBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.62 | — |
| Martin ratioReturn relative to average drawdown | — | 4.10 | — |
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Drawdowns
NVDB vs. NOBL - Drawdown Comparison
The maximum NVDB drawdown since its inception was -42.89%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for NVDB and NOBL.
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Drawdown Indicators
| NVDB | NOBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -35.43% | -7.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.11% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.43% | — |
Current DrawdownCurrent decline from peak | -31.90% | -2.31% | -29.59% |
Average DrawdownAverage peak-to-trough decline | -20.44% | -3.46% | -16.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.59% | — |
Volatility
NVDB vs. NOBL - Volatility Comparison
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Volatility by Period
| NVDB | NOBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 74.23% | 11.92% | +62.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.23% | 14.48% | +59.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.23% | 16.63% | +57.60% |
NVDB vs. NOBL - Expense Ratio Comparison
NVDB has a 0.95% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Dividends
NVDB vs. NOBL - Dividend Comparison
NVDB's dividend yield for the trailing twelve months is around 1.63%, less than NOBL's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.04% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
NVDB ProShares Ultra NVDA | 1.63% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVDB and NOBL have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NOBL is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NOBL is cheaper with a 0.35% expense ratio, compared with 0.95% for NVDB.
NOBL has the higher dividend yield at 2.04%, compared with 1.63% for NVDB.
NVDB is categorized as Leveraged Equities, while NOBL is Dividend. NVDB tracks NVIDIA Corporation, while NOBL tracks S&P 500 Dividend Aristocrats Index. Their fees differ too: 0.95% for NVDB and 0.35% for NOBL.
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