SCHD vs. NOBL
Compare and contrast key facts about Schwab US Dividend Equity ETF (SCHD) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
SCHD and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. 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 SCHD 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHD or NOBL.
Key characteristics
| SCHD | NOBL | |
|---|---|---|
| YTD Return | 2.67% | 2.52% |
| 1Y Return | 13.11% | 9.72% |
| 3Y Return (Ann) | 4.71% | 4.96% |
| 5Y Return (Ann) | 11.40% | 9.57% |
| 10Y Return (Ann) | 11.03% | 10.37% |
| Sharpe Ratio | 0.98 | 0.75 |
| Daily Std Dev | 11.68% | 11.19% |
| Max Drawdown | -33.37% | -35.43% |
| Current Drawdown | -3.81% | -4.13% |
Correlation
The correlation between SCHD and NOBL is 0.93, 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.
Performance
SCHD vs. NOBL - Performance Comparison
In the year-to-date period, SCHD achieves a 2.67% return, which is significantly higher than NOBL's 2.52% return. Over the past 10 years, SCHD has outperformed NOBL with an annualized return of 11.03%, while NOBL has yielded a comparatively lower 10.37% 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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SCHD vs. NOBL - Expense Ratio Comparison
SCHD has a 0.06% expense ratio, which is lower than NOBL's 0.35% expense ratio.
Risk-Adjusted Performance
SCHD vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US Dividend Equity ETF (SCHD) 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
SCHD vs. NOBL - Dividend Comparison
SCHD's dividend yield for the trailing twelve months is around 3.45%, more than NOBL's 2.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab US Dividend Equity ETF | 3.45% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.08% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% | 0.30% |
Drawdowns
SCHD vs. NOBL - Drawdown Comparison
The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum NOBL drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for SCHD and NOBL. For additional features, visit the drawdowns tool.
Volatility
SCHD vs. NOBL - Volatility Comparison
Schwab US Dividend Equity ETF (SCHD) has a higher volatility of 3.88% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.49%. This indicates that SCHD'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.