SETH vs. NOBL
SETH (ProShares Short Ether Strategy ETF) and NOBL (ProShares S&P 500 Dividend Aristocrats ETF) are both exchange-traded funds - SETH is a Cryptocurrency fund tracking the Bloomberg Galaxy Ethereum (--100%), while NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index. Both are passively managed. Over the past year, SETH returned -1.33% vs 9.00% for NOBL. At a correlation of -0.22, they often move in opposite directions. SETH charges 0.95%/yr vs 0.35%/yr for NOBL.
Performance
SETH vs. NOBL - Performance Comparison
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Returns By Period
In the year-to-date period, SETH achieves a 40.93% return, which is significantly higher than NOBL's 3.51% return.
SETH
- 1D
- 5.62%
- 1M
- 29.74%
- YTD
- 40.93%
- 6M
- 46.51%
- 1Y
- -1.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOBL
- 1D
- -0.17%
- 1M
- 1.01%
- YTD
- 3.51%
- 6M
- 3.45%
- 1Y
- 9.00%
- 3Y*
- 8.01%
- 5Y*
- 5.03%
- 10Y*
- 9.51%
SETH vs. NOBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SETH ProShares Short Ether Strategy ETF | 40.93% | -29.41% | -49.59% | -22.80% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 3.51% | 6.84% | 6.72% | 9.93% |
Correlation
The correlation between SETH and NOBL is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2023 | -0.22 |
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Return for Risk
SETH vs. NOBL — Risk / Return Rank
SETH
NOBL
SETH vs. NOBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Ether Strategy ETF (SETH) 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.
| SETH | NOBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.99 | -1.02 |
| Martin ratioReturn relative to average drawdown | -0.04 | 2.58 | -2.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SETH | NOBL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.80 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.64 | -1.09 |
Drawdowns
SETH vs. NOBL - Drawdown Comparison
The maximum SETH drawdown since its inception was -80.74%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for SETH and NOBL.
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Drawdown Indicators
| SETH | NOBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.74% | -35.43% | -45.31% |
Max Drawdown (1Y)Largest decline over 1 year | -56.01% | -9.11% | -46.90% |
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 DrawdownCurrent decline from peak | -61.29% | -5.99% | -55.30% |
Average DrawdownAverage peak-to-trough decline | -54.79% | -3.48% | -51.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.77% | 3.50% | +32.27% |
Volatility
SETH vs. NOBL - Volatility Comparison
ProShares Short Ether Strategy ETF (SETH) has a higher volatility of 9.81% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.36%. This indicates that SETH'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.
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Volatility by Period
| SETH | NOBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.81% | 2.36% | +7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 46.07% | 8.00% | +38.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.54% | 11.33% | +57.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.53% | 14.38% | +55.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.53% | 16.60% | +52.93% |
SETH vs. NOBL - Expense Ratio Comparison
SETH has a 0.95% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Dividends
SETH vs. NOBL - Dividend Comparison
SETH's dividend yield for the trailing twelve months is around 10.91%, more than NOBL's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.12% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
SETH ProShares Short Ether Strategy ETF | 10.91% | 7.01% | 3.44% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SETH and NOBL have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SETH has higher volatility (9.81%) compared to NOBL (2.36%). In terms of maximum drawdown, SETH dropped -80.74% vs NOBL's -35.43%.
On 1-year performance, NOBL leads with 9.00% vs -1.33% for SETH. On fees, NOBL is cheaper at 0.35% per year. On volatility, NOBL has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NOBL has performed better with a 9.00% return vs -1.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NOBL is cheaper with a 0.35% expense ratio, compared with 0.95% for SETH.
SETH has the higher dividend yield at 10.91%, compared with 2.12% for NOBL.
SETH is categorized as Cryptocurrency, while NOBL is Dividend. SETH tracks Bloomberg Galaxy Ethereum (--100%), while NOBL tracks S&P 500 Dividend Aristocrats Index. Their fees differ too: 0.95% for SETH and 0.35% for NOBL.
NOBL currently has the higher Sharpe Ratio (0.80 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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