PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
REGL vs. NOBL
Performance
Return for Risk
Dividends
Drawdowns
Volatility

REGL vs. NOBL

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).

REGL and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REGL is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Dividend Aristocrats Index. It was launched on Feb 5, 2015. 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. Both REGL and NOBL 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

REGL vs. NOBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

REGL vs. NOBL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
REGL
ProShares S&P MidCap 400 Dividend Aristocrats ETF		3.22%6.89%12.26%5.41%-0.62%20.38%7.50%18.79%-3.25%10.17%
NOBL
ProShares S&P 500 Dividend Aristocrats ETF		2.36%6.84%6.72%8.09%-6.52%25.46%8.35%27.39%-3.26%21.02%

Returns By Period

In the year-to-date period, REGL achieves a 3.22% return, which is significantly higher than NOBL's 2.36% return. Both investments have delivered pretty close results over the past 10 years, with REGL having a 9.51% annualized return and NOBL not far ahead at 9.54%.

REGL

1D
1.37%
1M
-5.30%
YTD
3.22%
6M
2.59%
1Y
9.63%
3Y*
9.51%
5Y*
6.82%
10Y*
9.51%

NOBL

1D
1.28%
1M
-7.04%
YTD
2.36%
6M
4.01%
1Y
6.06%
3Y*
7.41%
5Y*
6.31%
10Y*
9.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares S&P MidCap 400 Dividend Aristocrats ETF

ProShares S&P 500 Dividend Aristocrats ETF

Often compared with REGL:
REGL vs. SMDVREGL vs. SDVYREGL vs. SCHDREGL vs. IWRREGL vs. TMDVREGL vs. EZMREGL vs. DVY
Often compared with NOBL:
NOBL vs. SCHDNOBL vs. VIGNOBL vs. SPYNOBL vs. DGRONOBL vs. SDYNOBL vs. VOONOBL vs. KNG

REGL vs. NOBL - Expense Ratio Comparison

REGL has a 0.40% expense ratio, which is higher than NOBL's 0.35% expense ratio.

REGL
ProShares S&P MidCap 400 Dividend Aristocrats ETF
NOBL
ProShares S&P 500 Dividend Aristocrats ETF

Return for Risk

REGL vs. NOBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
REGL
REGL Risk / Return Rank: 3535
Overall Rank
REGL Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
REGL Sortino Ratio Rank: 3535
Sortino Ratio Rank
REGL Omega Ratio Rank: 3131
Omega Ratio Rank
REGL Calmar Ratio Rank: 3939
Calmar Ratio Rank
REGL Martin Ratio Rank: 3737
Martin Ratio Rank
NOBL
NOBL Risk / Return Rank: 2727
Overall Rank
NOBL Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
NOBL Sortino Ratio Rank: 2626
Sortino Ratio Rank
NOBL Omega Ratio Rank: 2424
Omega Ratio Rank
NOBL Calmar Ratio Rank: 3030
Calmar Ratio Rank
NOBL Martin Ratio Rank: 3030
Martin Ratio Rank
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.

REGL vs. NOBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) 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.

REGLNOBLDifference

Sharpe ratio

Return per unit of total volatility

0.60

0.40

+0.20

Sortino ratio

Return per unit of downside risk

0.97

0.68

+0.29

Omega ratio

Gain probability vs. loss probability

1.12

1.09

+0.04

Calmar ratio

Return relative to maximum drawdown

0.94

0.66

+0.27

Martin ratio

Return relative to average drawdown

3.29

2.36

+0.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REGL vs. NOBL - Sharpe Ratio Comparison

The current REGL Sharpe Ratio is 0.60, which is higher than the NOBL Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of REGL and NOBL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

REGLNOBLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.60

0.40

+0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

0.44

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.52

0.58

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.64

-0.12

Correlation

The correlation between REGL and NOBL is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

REGL vs. NOBL - Dividend Comparison

REGL's dividend yield for the trailing twelve months is around 2.25%, more than NOBL's 2.14% yield.

TTM20252024202320222021202020192018201720162015
REGL
ProShares S&P MidCap 400 Dividend Aristocrats ETF		2.25%2.32%2.28%2.40%2.32%2.50%2.41%1.96%2.09%1.63%1.20%1.66%
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%

Drawdowns

REGL vs. NOBL - Drawdown Comparison

The maximum REGL drawdown since its inception was -36.37%, roughly equal to the maximum NOBL drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for REGL and NOBL.

Loading graphics...

Drawdown Indicators

REGLNOBLDifference

Max Drawdown

Largest peak-to-trough decline

-36.37%

-35.43%

-0.94%

Max Drawdown (1Y)

Largest decline over 1 year

-10.94%

-11.20%

+0.26%

Max Drawdown (5Y)

Largest decline over 5 years

-16.96%

-17.92%

+0.96%

Max Drawdown (10Y)

Largest decline over 10 years

-36.37%

-35.43%

-0.94%

Current Drawdown

Current decline from peak

-6.51%

-7.04%

+0.53%

Average Drawdown

Average peak-to-trough decline

-4.09%

-3.45%

-0.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.11%

3.15%

-0.04%

Volatility

REGL vs. NOBL - Volatility Comparison

ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) has a higher volatility of 4.35% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.61%. This indicates that REGL'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.

Loading graphics...

Volatility by Period

REGLNOBLDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.35%

3.61%

+0.74%

Volatility (6M)

Calculated over the trailing 6-month period

9.21%

8.07%

+1.14%

Volatility (1Y)

Calculated over the trailing 1-year period

16.27%

15.29%

+0.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.11%

14.40%

+1.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.31%

16.60%

+1.71%