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SMDY vs. NOBL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SMDY and NOBL is 0.83, 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.


-0.50.00.51.00.8

Performance

SMDY vs. NOBL - Performance Comparison

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

40.00%45.00%50.00%55.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
57.93%
45.84%
SMDY
NOBL

Key characteristics

Returns By Period


SMDY

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

NOBL

YTD

7.38%

1M

-4.11%

6M

4.12%

1Y

8.64%

5Y*

8.12%

10Y*

9.36%

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SMDY vs. NOBL - Expense Ratio Comparison

Both SMDY and NOBL have an expense ratio of 0.35%.


SMDY
Syntax Stratified MidCap ETF
Expense ratio chart for SMDY: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for NOBL: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

SMDY vs. NOBL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Syntax Stratified MidCap ETF (SMDY) 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.


Sharpe ratio
The chart of Sharpe ratio for SMDY, currently valued at 0.84, compared to the broader market0.002.004.000.840.95
The chart of Sortino ratio for SMDY, currently valued at 1.23, compared to the broader market-2.000.002.004.006.008.0010.001.231.37
The chart of Omega ratio for SMDY, currently valued at 1.17, compared to the broader market0.501.001.502.002.503.001.171.17
The chart of Calmar ratio for SMDY, currently valued at 1.42, compared to the broader market0.005.0010.0015.001.421.25
The chart of Martin ratio for SMDY, currently valued at 4.30, compared to the broader market0.0020.0040.0060.0080.00100.004.303.89
SMDY
NOBL


Rolling 12-month Sharpe Ratio0.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.84
0.95
SMDY
NOBL

Dividends

SMDY vs. NOBL - Dividend Comparison

SMDY has not paid dividends to shareholders, while NOBL's dividend yield for the trailing twelve months is around 1.45%.


TTM20232022202120202019201820172016201520142013
SMDY
Syntax Stratified MidCap ETF
0.89%1.07%1.02%2.30%0.88%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NOBL
ProShares S&P 500 Dividend Aristocrats ETF
1.45%2.09%1.94%1.89%2.14%1.89%2.37%1.74%2.13%2.02%1.60%0.30%

Drawdowns

SMDY vs. NOBL - Drawdown Comparison


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.45%
-7.11%
SMDY
NOBL

Volatility

SMDY vs. NOBL - Volatility Comparison

The current volatility for Syntax Stratified MidCap ETF (SMDY) is 0.00%, while ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a volatility of 3.48%. This indicates that SMDY experiences smaller price fluctuations and is considered to be less risky than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember0
3.48%
SMDY
NOBL
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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