SMDY vs. NOBL
Compare and contrast key facts about Syntax Stratified MidCap ETF (SMDY) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
SMDY and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMDY is a passively managed fund by Syntax Advisors that tracks the performance of the Syntax Stratified MidCap Index. It was launched on Jan 1, 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 SMDY 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: SMDY or NOBL.
Key characteristics
| SMDY | NOBL | |
|---|---|---|
| YTD Return | 0.62% | 2.05% |
| 1Y Return | 14.94% | 7.06% |
| 3Y Return (Ann) | 1.78% | 4.55% |
| Sharpe Ratio | 0.83 | 0.55 |
| Daily Std Dev | 16.08% | 10.96% |
| Max Drawdown | -41.23% | -35.43% |
| Current Drawdown | -5.64% | -4.58% |
Correlation
The correlation between SMDY and NOBL is 0.81, 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
SMDY vs. NOBL - Performance Comparison
In the year-to-date period, SMDY achieves a 0.62% return, which is significantly lower than NOBL's 2.05% 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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SMDY vs. NOBL - Expense Ratio Comparison
Both SMDY and NOBL have an expense ratio of 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.
Dividends
SMDY vs. NOBL - Dividend Comparison
SMDY's dividend yield for the trailing twelve months is around 1.06%, less than NOBL's 2.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMDY Syntax Stratified MidCap ETF | 1.06% | 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 | 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
SMDY vs. NOBL - Drawdown Comparison
The maximum SMDY drawdown since its inception was -41.23%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for SMDY and NOBL. For additional features, visit the drawdowns tool.
Volatility
SMDY vs. NOBL - Volatility Comparison
Syntax Stratified MidCap ETF (SMDY) has a higher volatility of 4.26% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.87%. This indicates that SMDY'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.