NWBI vs. NOBL
Compare and contrast key facts about Northwest Bancshares, Inc. (NWBI) 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: NWBI or NOBL.
Key characteristics
| NWBI | NOBL | |
|---|---|---|
| YTD Return | 25.13% | 12.48% |
| 1Y Return | 36.99% | 20.19% |
| 3Y Return (Ann) | 7.34% | 5.21% |
| 5Y Return (Ann) | 3.61% | 9.60% |
| 10Y Return (Ann) | 6.72% | 10.21% |
| Sharpe Ratio | 1.29 | 2.05 |
| Sortino Ratio | 2.22 | 2.86 |
| Omega Ratio | 1.26 | 1.36 |
| Calmar Ratio | 1.51 | 2.85 |
| Martin Ratio | 4.37 | 9.20 |
| Ulcer Index | 8.49% | 2.26% |
| Daily Std Dev | 28.75% | 10.17% |
| Max Drawdown | -64.95% | -35.43% |
| Current Drawdown | -2.79% | -2.24% |
Correlation
The correlation between NWBI and NOBL 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.
Performance
NWBI vs. NOBL - Performance Comparison
In the year-to-date period, NWBI achieves a 25.13% return, which is significantly higher than NOBL's 12.48% return. Over the past 10 years, NWBI has underperformed NOBL with an annualized return of 6.72%, while NOBL has yielded a comparatively higher 10.21% 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
NWBI vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northwest Bancshares, Inc. (NWBI) 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
NWBI vs. NOBL - Dividend Comparison
NWBI's dividend yield for the trailing twelve months is around 5.46%, more than NOBL's 2.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWBI Northwest Bancshares, Inc. | 5.46% | 6.41% | 5.72% | 5.58% | 5.97% | 4.33% | 4.01% | 3.83% | 3.33% | 4.18% | 12.93% | 3.38% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.00% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.60% | 0.30% |
Drawdowns
NWBI vs. NOBL - Drawdown Comparison
The maximum NWBI drawdown since its inception was -64.95%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for NWBI and NOBL. For additional features, visit the drawdowns tool.
Volatility
NWBI vs. NOBL - Volatility Comparison
Northwest Bancshares, Inc. (NWBI) has a higher volatility of 15.46% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.98%. This indicates that NWBI'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.