PLTA vs. NOBL

Last updated Jun 30, 2026

PLTA (ProShares Ultra PLTR) and NOBL (ProShares S&P 500 Dividend Aristocrats ETF) are both exchange-traded funds - PLTA is a Leveraged Equities fund actively managed by ProShares, while NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index. PLTA is actively managed, while NOBL is passively managed. At a correlation of -0.06, they often move in opposite directions.

Performance

PLTA vs. NOBL - Performance Comparison

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

Returns By Period

In the year-to-date period, PLTA achieves a -66.27% return, which is significantly lower than NOBL's 9.42% return.

PLTA

• 1D: 5.08%
• 1M: -47.59%
• YTD: -66.27%
• 6M: -68.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NOBL

• 1D: 0.11%
• 1M: 5.60%
• YTD: 9.42%
• 6M: 8.39%
• 1Y: 14.86%
• 3Y*: 8.45%
• 5Y*: 6.67%
• 10Y*: 9.87%

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

PLTA vs. NOBL - Yearly Performance Comparison

	2026 (YTD)	2025
PLTA ProShares Ultra PLTR	-66.27%	4.92%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	9.42%	1.41%

Correlation

The correlation between PLTA and NOBL is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	-0.06

Return for Risk

PLTA vs. NOBL — Risk / Return Rank

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

PLTA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NOBL

NOBL Risk / Return Rank: 37
NOBL Sharpe Ratio Rank: 41
NOBL Sortino Ratio Rank: 43
NOBL Omega Ratio Rank: 36
NOBL Calmar Ratio Rank: 36
NOBL 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.

PLTA vs. NOBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra PLTR (PLTA) 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.

	PLTA	NOBL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.30	—
Sortino ratio: Return per unit of downside risk	—	1.96	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	1.64	—
Martin ratio: Return relative to average drawdown	—	4.15	—

Drawdowns

PLTA vs. NOBL - Drawdown Comparison

The maximum PLTA drawdown since its inception was -80.03%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for PLTA and NOBL.

Drawdown Indicators

	PLTA	NOBL	Difference
Max Drawdown Largest peak-to-trough decline	-80.03%	-35.43%	-44.60%
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 Drawdown Current decline from peak	-76.86%	-0.62%	-76.24%
Average Drawdown Average peak-to-trough decline	-42.07%	-3.48%	-38.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.59%	—

Volatility

Volatility by Period

	PLTA	NOBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	105.70%	11.50%	+94.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.70%	14.39%	+91.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.70%	16.57%	+89.13%

Dividends

PLTA vs. NOBL - Dividend Comparison

PLTA's dividend yield for the trailing twelve months is around 4.34%, more than NOBL's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOBL ProShares S&P 500 Dividend Aristocrats ETF	2.07%	2.14%	2.05%	2.09%	1.94%	1.89%	2.14%	1.89%	2.37%	1.74%	2.13%	2.02%
PLTA ProShares Ultra PLTR	4.34%	0.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLTA and NOBL in my portfolio?

PLTA and NOBL have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, PLTA or NOBL?

PLTA has the higher dividend yield at 4.34%, compared with 2.07% for NOBL.

What is the main difference between PLTA and NOBL?

PLTA is categorized as Leveraged Equities, while NOBL is Dividend.