SDY vs. NOBL
Compare and contrast key facts about SPDR S&P Dividend ETF (SDY) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
SDY and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDY is a passively managed fund by State Street that tracks the performance of the S&P High Yield Dividend Aristocrats Index. It was launched on Nov 15, 2005. 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 SDY 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: SDY or NOBL.
Key characteristics
| SDY | NOBL | |
|---|---|---|
| YTD Return | 2.50% | 2.05% |
| 1Y Return | 6.23% | 7.06% |
| 3Y Return (Ann) | 3.97% | 4.55% |
| 5Y Return (Ann) | 7.54% | 9.39% |
| 10Y Return (Ann) | 9.33% | 10.28% |
| Sharpe Ratio | 0.40 | 0.55 |
| Daily Std Dev | 11.84% | 10.96% |
| Max Drawdown | -54.75% | -35.43% |
| Current Drawdown | -2.93% | -4.58% |
Correlation
The correlation between SDY and NOBL is 0.96, 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
SDY vs. NOBL - Performance Comparison
In the year-to-date period, SDY achieves a 2.50% return, which is significantly higher than NOBL's 2.05% return. Over the past 10 years, SDY has underperformed NOBL with an annualized return of 9.33%, while NOBL has yielded a comparatively higher 10.28% 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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SDY vs. NOBL - Expense Ratio Comparison
Both SDY and NOBL have an expense ratio of 0.35%.
Risk-Adjusted Performance
SDY vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Dividend ETF (SDY) 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
SDY vs. NOBL - Dividend Comparison
SDY's dividend yield for the trailing twelve months is around 2.58%, more than NOBL's 2.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDY SPDR S&P Dividend ETF | 2.58% | 2.64% | 2.55% | 2.63% | 2.85% | 2.45% | 2.73% | 4.69% | 3.30% | 6.20% | 4.74% | 3.95% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.09% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% | 0.30% |
Drawdowns
SDY vs. NOBL - Drawdown Comparison
The maximum SDY drawdown since its inception was -54.75%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for SDY and NOBL. For additional features, visit the drawdowns tool.
Volatility
SDY vs. NOBL - Volatility Comparison
SPDR S&P Dividend ETF (SDY) has a higher volatility of 3.07% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.87%. This indicates that SDY'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.