SPEU vs. NOBL
Compare and contrast key facts about SPDR Portfolio Europe ETF (SPEU) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
SPEU and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPEU is a passively managed fund by State Street that tracks the performance of the STOXX Europe Total Market. It was launched on Oct 15, 2002. 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 SPEU 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: SPEU or NOBL.
Performance
SPEU vs. NOBL - Performance Comparison
Returns By Period
In the year-to-date period, SPEU achieves a 3.22% return, which is significantly lower than NOBL's 12.47% return. Over the past 10 years, SPEU has underperformed NOBL with an annualized return of 4.42%, while NOBL has yielded a comparatively higher 10.07% annualized return.
SPEU
3.22%
-6.66%
-5.48%
10.19%
6.22%
4.42%
NOBL
12.47%
-2.25%
6.86%
19.96%
9.71%
10.07%
Key characteristics
| SPEU | NOBL | |
|---|---|---|
| Sharpe Ratio | 0.90 | 2.00 |
| Sortino Ratio | 1.30 | 2.80 |
| Omega Ratio | 1.15 | 1.35 |
| Calmar Ratio | 1.18 | 2.92 |
| Martin Ratio | 4.10 | 8.97 |
| Ulcer Index | 2.84% | 2.27% |
| Daily Std Dev | 12.90% | 10.19% |
| Max Drawdown | -62.45% | -35.43% |
| Current Drawdown | -9.59% | -2.25% |
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SPEU vs. NOBL - Expense Ratio Comparison
SPEU has a 0.09% expense ratio, which is lower than NOBL's 0.35% expense ratio.
Correlation
The correlation between SPEU and NOBL is 0.71, 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.
Risk-Adjusted Performance
SPEU vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Europe ETF (SPEU) 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
SPEU vs. NOBL - Dividend Comparison
SPEU's dividend yield for the trailing twelve months is around 3.13%, more than NOBL's 2.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEU SPDR Portfolio Europe ETF | 3.13% | 2.91% | 3.08% | 2.67% | 2.30% | 3.19% | 3.99% | 2.82% | 3.66% | 3.62% | 5.91% | 3.06% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.00% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.60% | 0.30% |
Drawdowns
SPEU vs. NOBL - Drawdown Comparison
The maximum SPEU drawdown since its inception was -62.45%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for SPEU and NOBL. For additional features, visit the drawdowns tool.
Volatility
SPEU vs. NOBL - Volatility Comparison
SPDR Portfolio Europe ETF (SPEU) has a higher volatility of 4.26% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.02%. This indicates that SPEU'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.